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  • Capital Market: Operators confident of improved performance despite challenges

    Capital market operators expressed confidence that  2014  will be another ‘above average’ year for the stock market and the economy despite the generally perceived risks around the coming elections. They, however, said that there are some nagging...

    • Posted January 7, 2014
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  • Rail Transport: Stakeholders clamour improved quality service

    For the railway sector, the key word is better service. For a sector that has endured throughout the colonial period, enormous challenges and neglect in the hands of different governments, analysts and industry watchers believe transformation would...

    • Posted January 7, 2014
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  • Analysts predict low investment this year

    Economic and financial analysts have said that 2014, being a run-up to the election year in the country, is a waiting period for most investors as they will like to see the direction the country will go...

    • Posted January 7, 2014
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  • NCAA warns Aero over poor passenger treatment

    The Nigerian Civil Aviation Authority has issued a warning to an airline operator, Aero Contractors, over the poor handling of passengers on its Abuja-Calabar flight late last year. The warning, which was issued on December 20, 2013,...

    • Posted January 7, 2014
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  • New tariffs on vehicles, rice will increase inflation — LCCI

    Nigerians should expect a higher inflation rate this year, possibly double digit, as new trade policies take effect. The policies include the recent upward review of the tariff on imported vehicles and rice, which will translate to...

    • Posted January 7, 2014
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  • $10.8bn spent on kerosene subsidy, others — NNPC

    The Nigerian National Petroleum Corporation has finally admitted that it spent the yet-to-be-reconciled $10.8bn on behalf of the Federal Government. The sum was meant to be paid into the Federation Account. The corporation, on Sunday, said the...

    • Posted January 7, 2014
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  • NSE ASI inches up by 0.14% on Monday

    Transactions at the Nigerian Stock Market ended on Monday with the All Share Index, ASI, inching up by 56.82 points or 0.14 percent to close at 41.507.30 basis points as against last Friday’s closing figure of 41,450.48...

    • Posted January 6, 2014
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  • Brokers challenge SEC on new minimum capital requirements for operators

    Some capital market operators have challenged the Securities and Exchange Commission (SEC) to prove that the new minimum capital requirements for operators were based on market consultations. Some of the brokers, who spoke with the News Agency...

    • Posted January 6, 2014
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  • National Water Master Plan captures development up to 2030

    The National Water Resources Mater Plan review now at its final stage, captures water development plan and population growth up to year 2030. Mr Kenneth Sumonu, an Assistant Director in the Department of Allocation and Authorisation, Federal...

    • Posted January 6, 2014
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  • Tin Can Island Port records 16.35% increase in revenue

    The Tin Can Island Port Command of Nigeria Customs Services (NCS) on Monday said that it realised N240.16 billion revenue in 2013. Mr Chris Osunkwo, Public Relation Officer of the command, told the News Agency of Nigeria...

    • Posted January 6, 2014
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  • President Jonathan applauds phenomenal increase in trade between Nigeria and China

    President Goodluck Jonathan Monday in Abuja applauded the growing bilateral relations between Nigeria and China which has resulted in a phenomenal increase in trade between both countries. Speaking at an audience with China’s outgoing ambassador to Nigeria,...

    • Posted January 6, 2014
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  • Investors trade two billion shares in four days

    A turnover of 2 billion shares worth N15.907 billion in 17,378 deals were traded within four days in the course of last week by investors on the floor of the Nigerian Stock Exchange, NSE, in contrast to...

    • Posted January 6, 2014
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  • NNPC says $10.8bn crude oil fund not missing

    The Nigerian National Petroleum Corporation (NNPC) has dismissed the claim that the sum of $10.8billion, out of the alleged unremitted $49.8 billion crude oil fund, was missing. This is contained in a statement issued on Sunday in...

    • Posted January 6, 2014
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  • National automotive policy will not inflict hardship on Nigerians – Jonathan

    President Goodluck Jonathan over the weekend assured that the implementation of National Automotive Policy approved by the Federal Executive Council (FEC) in 2012 would not inflict pains on the people. Jonathan gave the assurance when he received...

    • Posted January 6, 2014
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