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  • ExxonMobil sees 25% rise in oil demand

    Global oil demand will increase by 25 per cent by 2040 as new supplies, particularly from North America, meet the needs of a booming and energy-hungry population, United States  supermajor ExxonMobil said in its annual energy forecast....

    • Posted December 16, 2013
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  • Nigeria has only 3,500 professional insurance practitioners – CIIN President

    The President of the Chartered Insurance Institute of Nigeria, CIIN, Fatai Kayode Lawal has expressed concern over the dwindling number of professional insurance practitioners in Nigeria. Lawal said even though Nigeria’s population stood at over 160 million,...

    • Posted December 15, 2013
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  • CAC aims to register companies within two hours

    Alhaji Bello Mahmud, Registrar-General, Corporate Affairs Commission (CAC), said on Saturday in Abuja that the CAC’s goal was to be able to register companies within two hours, anywhere in Nigeria. Mahmud in a lecture: Nigeria’s New Business...

    • Posted December 15, 2013
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  • Power: Asaba sub-station will be ready in April – Site engineer

    The Asaba power sub-station being constructed by AK-Ay Elektrick would be ready for inauguration in the first quarter of 2014, the Site Engineer, Mr Odinaka Amobi, said. Amobi gave the assurance in an interview with the News...

    • Posted December 15, 2013
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  • FAAC: FG strategies with States on boosting IGRs

    As the persistent shortfall in revenue continue s to cut deep into the nation’s resources, the federal government has begun strategising with state governments on how to boost internally generated revenue (IGR). Addressing journalists shortly after the...

    • Posted December 15, 2013
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  • FG bans fish importation, prices already soaring

    Few weeks after the Minister of Agriculture and Rural Development, Mr. Akinwunmi Adesina, was honoured by Forbes magazine, more Nigerians have taken a swipe at his decision to place a ban on the importation of fish into...

    • Posted December 15, 2013
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  • Ex-Nigeria Airways employees protest in Kano

    Some former employees of Nigeria Airways in Kano on Saturday staged a peaceful protest over non-payment of their entitlements for 20 years. The protesters, who thronged their former office on Bank Road in Kano at about 2p.m.,...

    • Posted December 15, 2013
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  • Nigerians urged to embrace savings culture

    The Senior Vice-President/Divisional Head, Retail Banking, First City Monument Bank Limited, Mr. Olu Akanmu, has urged Nigerians to embrace savings culture. Akanmu stated this on Wednesday during the regional and zonal draws of the bank held in...

    • Posted December 15, 2013
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  • Chinese firms sign $733m cement deal in Nigeria, Myanmar

    Two Chinese firms, Sinoma and CITIC Heavy Industries, have agreed deals totalling $733m to produce cement in Nigeria and Myanmar, respectively, as they expand in emerging markets overseas. Reuters reported that Sinoma International Engineering Company Limited, a unit...

    • Posted December 15, 2013
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  • ASEA seeks more visible African exchanges

    The African Securities Exchanges Association has said it intends to enhance the visibility of African exchanges by making information about them more accessible. “For decades, information about African Exchanges was not available to investors, we intend to...

    • Posted December 15, 2013
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  • Market Cap loses N3billion on Friday

    Transactions on the last trading day of the week at the Nigerian Stock Market ended on a bearish note as the market capitalisation of entities on the main board lost by N3 billion or 0.02 percent to...

    • Posted December 14, 2013
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  • FirstBank attains ISO22301 Certification on Business Continuity Management

    In further demonstration of its leadership position in the Nigerian banking industry, First Bank of Nigeria Ltd has once again achieved yet another milestone by being the first banking institution in Nigeria to achieve the new international...

    • Posted December 14, 2013
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  • Shonekan calls for more PPP on infrastructure development

    Former Chairman of the Interim National Government (ING) Dr. Ernest Shonekan, has called for a deeper Public Private Partnership, PPP, to improve infrastructure development in the country He described  it as an effort that will increase private...

    • Posted December 14, 2013
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  • Nigeria investment in agriculture alarming — ActionAid

    The ActionAid Nigeria, yesterday, described as alarming the budgetary allocation given to agricultural sector of the economy by the Federal Government. The Country Director of ActionAid Nigeria, Dr Hussaini Abdu also said that the Federal Government’s policy...

    • Posted December 14, 2013
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