Don't Miss


Latest News

  • Investors trade 1.16 billion shares on Friday

    Transactions at the Nigerian Stock Market on the last trading day of the week ended on an impressive note as investors traded 1.16 billion shares valued at N7.92 billion in 6,534 deals. This was in contrast to...

    • Posted November 22, 2013
    • 0
  • PPMC completes rehabilitation of nine petroleum depots

    The Pipelines and Product Marketing Company (PPMC) on Thursday said it had completed the rehabilitation of nine petroleum products depots across the country in last one year. Mr Nasir Imodagbe, Manager, Public Affairs and External Relations, told...

    • Posted November 22, 2013
    • 0
  • FG urged to source $1bn loan to revive Ajaokuta Steel Complex

    Sen. Nurudeen Abatemi-Usman (PDP- Kogi), has suggested that the Federal Government should source for one billion dollars loan to revamp the Ajaokuta Steel Complex. Abatemi-Usman, member, Senate Committee on Power, Steel Development and Metallurgy, made the suggestion...

    • Posted November 22, 2013
    • 1
  • FG gas master plan to yield $25bn investments – Official

    Mr George Osahon, Director, Department of Petroleum Resources (DPR), on Thursday said that the Federal Government’s Gas Master Plan would yield about 25 billion dollars worth of investments. Osahon said this at a seminar organised by the...

    • Posted November 22, 2013
    • 0
  • Dwindling revenue to exert pressure on naira

    Dwindling oil revenue and loose spending associated with the pre-election period are expected to exert more pressure on the naira, a report has stated. The report which corroborated the Central Bank of Nigeria’s (CBN’s) concern, also pointed...

    • Posted November 22, 2013
    • 0
  • SEC restates commitment to protect investors

    The Securities and Exchange Commission (SEC) has restated its determination and commitment to protect investors patronising the Nigerian over-the-counter (OTC) securities market. The OTC market, comprising equities market and fixed income market, has been operating with little...

    • Posted November 22, 2013
    • 0
  • CBN seeks stiffer penalty for dud cheque issuers

    The Central Bank of Nigeria has called for a review of the Dishonoured Cheque Offences Decree of 1977. The law, which was enacted about 37 years ago, stipulates the framework for ensuring strict eradication of dishonoured cheques...

    • Posted November 22, 2013
    • 0
  • Investment in telecoms now $25bn – Jonathan

    Investment in the Nigerian telecommunications in the past 12 years is now worth $25bn, President Goodluck Jonathan has said. Jonathan said this at the Nigerian Investment Forum organised at the Royal Pavilion, Impact Exhibition and Convention Centre,...

    • Posted November 22, 2013
    • 0
  • Nigerian railway moves 1million litres of fuel daily

    The Federal Government has said over one million litres of fuel is being transported daily through the rejuvenated railway system in the country. The government also said that over 30,000 rail passengers were transported in two months...

    • Posted November 22, 2013
    • 0
  • Charter flight operators suspend services indefinitely over $3,000 fee

    Over 20 charter flight operators in the country have suspended their services indefinitely. The suspension was as a result of the $3,000 fee imposed by the Nigerian Airspace Management Agency on airlines involved in non-scheduled operations, it...

    • Posted November 22, 2013
    • 0
  • NSE ASI inches up by 0.78% on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Thursday with the All Share Index, ASI, closing higher at 39,119.88 basis points appreciating by 304.24 points or 0.78 percent when compared with yesterday’s closing...

    • Posted November 21, 2013
    • 0
  • FirstBank holds SME Conference to empower entrepreneurs on Tuesday

    Committed to the sustained development of SME’s nationwide, FirstBank the leading SME bank, has as part of its far-reaching SME support programme named SMEConnect, has initiated an annual conference that will highlight challenges and opportunities for small...

    • Posted November 21, 2013
    • 0
  • Bank employee charged with disbursing N27.9m to ghost customers

    A 30-year-old employee of a Micro finance Bank, who allegedly disbursed N27.9 million loans to ghost customers, on Thursday appeared before a Yaba Magistrates’ Court in Lagos. Michael Atebo, who resides at No. 14, Akin St., Ikeja,...

    • Posted November 21, 2013
    • 0
  • Osun Government signs MoU with International Breweries

    Gov. Rauf Aregbesola of Osun on Thursday signed a Memorandum of Understanding (MOU) with the management of International Breweries in Ilesa aimed at expanding the company’s activities. Aregbesola, while signing the MoU in Osogbo, said that the...

    • Posted November 21, 2013
    • 0