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  • Etisalat partners EDC on global entrepreneurship week

    Etisalat Nigeria in partnership with the Enterprise Development Centre (EDC) of the Pan Atlantic University, recently held the 2013 edition of the Global Entrepreneurship Week (GEW), targeted at youths and young entrepreneurs in the country, to help...

    • Posted December 9, 2013
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  • NCC to sanction telcos for poor services

    The Nigerian Communications Commission has said that it will impose sanctions on mobile operators that continue to deliver poor quality of service to its subscribers. The regulatory agency, which expressed disappointment at the failure of mobile operators...

    • Posted December 9, 2013
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  • 2014: FG targets N1.83tn from taxes

    The Federal Government has projected to earn N1.83tn from tax collections in the 2014 fiscal year. The figure was contained in the Medium Term Expenditure Framework and Fiscal Strategy Paper of the Federal Government covering the 2014-2016...

    • Posted December 9, 2013
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  • ConocoPhillips to spend $16.7bn in 2014

    United States giant CococoPhillips plans to hike capital spending by six per cent to $16.7bn in 2014 as it increases development in prolific US shale plays and prepares for the start-up of the Australia Pacific and Surmont...

    • Posted December 9, 2013
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  • December 31 masts demolition deadline: Lagos, telcos strike deal

    The stand-off between the Lagos State government and telecoms operators over removal of masts and multiple taxes may have ended following a mediatory effort of the federal government. Lagos had earlier given the operators up to December...

    • Posted December 8, 2013
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  • Royal Exchange grosses N7.61bn in premium income

    Royal Exchange Plc generated a gross written premium of N7.61 billion in 2012 financial year as against  N6.82 billion it recorded in 2012 representing an increase of 11.58 percent. The chairman of Royal Exchange Plc, Mr. Keneth...

    • Posted December 8, 2013
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  • Oil theft affecting Nigerian economy – IMF

    Oil theft has been adversely affecting export receipts and government revenues, leading to excessive depletion of the Nigerian excess crude account, the International Monetary Fund (IMF) said in a statement. The statement said that despite the economy’s...

    • Posted December 8, 2013
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  • Ministry signs MoU with Bank of Agriculture, Bank of Industry

    The Federal Ministry of Agriculture and Rural Development has signed a Memorandum of Understanding (MoU) with the Bank of Agriculture and the Bank of Industry to support cassava farmers. The MoU, which was signed in Abuja, would...

    • Posted December 8, 2013
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  • NACCIMA rallies support for Sealink project

    Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), says it fully supports the setting up of a shipping company, known as Sealink project, that would assuage the challenges of moving goods within the West...

    • Posted December 8, 2013
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  • US firm to invest N20.8b in Nigeria’s power sector

    The American Capital Energy & Infrastructure (ACEI) plans to invest up to N20.80 billion ($130 million) into the Nigerian Power sector. The funding is for the 1,000 Mega Watt Azura-Edo Power Project in Edo State, Nigeria, the...

    • Posted December 8, 2013
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  • Anambra, BoA partner in N1.2b grant for farmers

    The Anambra State Government has in collaboration with the Bank of Agriculture (BOA) on Thursday presented a total of N1.2 billion to farmers in the state as revolving loans. Flagging off the scheme in Awka, the state...

    • Posted December 7, 2013
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  • Bank chiefs restate commitment to transforming economy

    Chief executives of Nigerian banks and the industry’s regulators, under the aegis of the Bankers’ Committee say they remain committed to fashioning policies that support the nation’s economic growth and development. They also reiterated a determination to...

    • Posted December 7, 2013
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  • CBN, CBO Capital advocate more investments in venture capital

    The Central Bank of Nigeria,CBN and CBO Capital have called for more investments in private equity and venture capital. They made the call at the just concluded third annual investors’ conference organised by CBO capital in Lagos....

    • Posted December 7, 2013
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  • SEC clamps down on 3 illegal companies, warns fraudsters to stop malpractices

    The Securities and Exchange Commission, SEC, weekend revealed that it has clampdown on three illegal companies operating in the country and warned fraudsters to desist from such illegal practices or face the wrath of law. Director General...

    • Posted December 7, 2013
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