Latest News

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  Stock Market loses N61billion in one week

  Activities on the floors of the Nigeria Stock Exchange (NSE) last week dropped as the NSE All Share Index (ASI) and market capitalisation declined by 0.65 per cent to close at 27,577.52 and N9.473 trillion respectively. For...

  • Posted September 12, 2016
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  Vandalism: Nigeria loses 79 million barrels of crude

  The attacks  on Forcados export line by militants in the Niger Delta have left a total of 79 million barrels of crude oil shut in since February, causing oil firms and the nation a huge loss of...

  • Posted September 12, 2016
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  Pay N86bn debt – Egbin Power Station begs FG

  The Chief Executive Officer of Egbin Power Plc, Mr Dallas Peavey, has said the company is highly constrained by more than N86 billion debt owed it by the Federal Government. Peavey made the appeal in Lagos on...

  • Posted September 12, 2016
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  Nigeria seeks collaboration among African Ports

  Nigeria has called for collaboration among African ports to ensure that the continent could attain the desired changes in the maritime industry. Minister of Transportation, Hon Rotimi Amaechi who spoke in Accra, Ghana for the Nigerian government...

  • Posted September 11, 2016
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  NIFOR, PZ Wilmar sign MoU to boost oil palm production

  PZ Wilmar and the Nigeria Institute of Oil Palm Research on Friday signed a Memorandum of Understanding to boost palm oil production through research and human capacity building. The event, which took place in Abuja, was witnessed...

  • Posted September 11, 2016
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  90% of imported products not verified – SON

  The Standards Organisation of Nigeria has disclosed that it had no opportunity to verify 90 per cent of the products imported into the country between September and December 2015. The Acting Director-General, SON, Dr. Paul Angya, disclosed...

  • Posted September 10, 2016
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  Moulders increase block prices, end strike today

  Block moulders in the country have concluded plans to raise the prices of blocks by between 11 per cent and over 30 per cent, following the recent increase in the prices of cement. The new price regime...

  • Posted September 10, 2016
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  Make agric attractive to graduates – Experts tell FG

  A professor of agronomy at the University of Ibadan, Gideon Adeoye, has urged the Federal Government to encourage graduates to embrace farming after the mandatory national youth service by giving them land and loans. The agronomist said...

  • Posted September 10, 2016
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  Concession: Why FAAN cannot manage 17 airports

  Stakeholders in the aviation sector have expressed doubt about the ability of Federal Airports Authority of Nigeria (FAAN) to manage 17 airports if the four major ones were given out in concession as planned. THISDAY learnt that...

  • Posted September 10, 2016
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  Conoil grows profit by 176% to N2.3bn, pays 300k dividend

  Conoil Plc yesterday reported a better-than-expected results for the year ended December 31, 2015, recording a growth of 176 per cent in profit and 200 per cent rise in dividend. Despite the challenging operating environment, Conoil Plc...

  • Posted September 10, 2016
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  Forcados, Qua Iboe shutdowns hit Seven Energy

  Seven Energy International Limited, an integrated gas company in south east Nigeria with upstream oil and gas interests in the region, has taken a serious beating from the shutdowns of Forcados and Qua Iboe terminals. The company,...

  • Posted September 9, 2016
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  Abuja industrialists caution against fuel price hike

  The Abuja Chamber of Commerce and Industry has cautioned against fuel price hike, adding that any attempt to raise the price of petrol from the current price will further worsen the current economic situation. The President of...

  • Posted September 9, 2016
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  ECOWAS Commission, TEF seal pact on MSMEs financing

  The ECOWAS Commission and the Tony Elumelu Foundation have entered into an agreement to support Micro, Small and Medium Enterprises in the areas of financing, best practices, capacity building and access to regional and international markets. The...

  • Posted September 9, 2016
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  T-Bills: CBN to borrow N952bn in three months

  The Central Bank of Nigeria is planning to borrow the sum of N952.04bn ($3.02bn) with new issues of Treasury Bills from September 15 to December 1, 2016. In its latest TBs issuance calendar, the CBN said it...

  • Posted September 9, 2016
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