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  • Oando constructs jetty in Apapa port

    Oando Terminals Ltd. on Wednesday said it had started constructing a jetty in Apapa to provide more efficient platform to deliver petroleum products to oil marketers. The company said in a statement in Lagos issued by its...

    • Posted November 21, 2013
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  • NUPENG advises FG against sale of refineries

    The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Wednesday advised the Federal Government against the planned sale of the nation’s refineries. The Lagos Zonal Chairman of NUPENG, Mr Tokunbo Korodo gave the advice in...

    • Posted November 21, 2013
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  • Investors trade 346.59 million shares for Q3 2013

    The Nigerian Stock Exchange, NSE, has disclosed that the average daily volume of shares traded by investors across all products for the third quarter of 2013 was 346.59 million units. Information gathered from the Q3 2013 fact...

    • Posted November 21, 2013
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  • FEC approves $100m loan for power in three states

    The Federal Executive Council on Wednesday approved a loan of 100 million dollars (about N15.7 billion) from Indian Import Export Bank to boost power supply in three states. Dr Yerima Ngama, the Minister of State for Finance,...

    • Posted November 21, 2013
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  • Market cap gains N179billion on Wednesday

    The bullish trend at the stock market continued on Wednesday with the market capitalisation of listed entities closing higher at N12.415 trillion appreciating by N179 billion or 1.46 percent when compared with Tuesday’s closing figure of N12.236...

    • Posted November 21, 2013
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  • Foreign investors’ holding in FGN bonds hit $5.1bn

    Foreign investors’ holding in the Federal Government Bonds has continued to grow, hitting $5.112billion as at the end of 2012 following the transformation of the market by the Debt Management Office (DMO). Prior to the establishment of...

    • Posted November 21, 2013
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  • Sanusi decries lack of fiscal savings amid strong oil prices

    The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, yesterday expressed disappointment over the low rate of reserve accretion in spite of strong oil prices. He blamed the development on the absence of...

    • Posted November 21, 2013
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  • FG urges Nigerians to patronise locally-made goods

    The 3rd Practical Nigerian Content Forum of the Nigerian Content Development and Monitoring Board commenced on Tuesday in Yenagoa, Bayelsa State, with the Federal Government emphasising the need for Nigerians to patronise locally-made goods. The Minister of...

    • Posted November 21, 2013
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  • Nigeria needs N464tn for infrastructure – Surveyors

    The Nigerian Institute of Quantity Surveyors has said that about $2.9tn (N464tn) will be needed to address the huge infrastructural deficit in the country. The institute’s President, Mr. Agele Alufohai, stated this on Tuesday in Abuja while...

    • Posted November 21, 2013
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  • Jonathan to meet international investors in London

    President Goodluck Jonathan is expected to leave Abuja in the early hours of Wednesday (today) for London, where he is scheduled to preside over a three-day meeting of Nigeria’s Honourary International Investors’ Council. He is expected back...

    • Posted November 21, 2013
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  • Nigerian emerges ICAO president

    A Nigerian, Dr. Olumuyiwa Aliu, has emerged the President of the International Civil Aviation Organisation. Aliu, who was elected at the 38th Assembly of the global body on Monday, is the first African to head the organisation....

    • Posted November 21, 2013
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  • CBN seeks increase in Nigeria’s external reserve

    The Central Bank of Nigeria (CBN) has urged the Federal Government to increase the country’s external reserves. The CBN Governor, Mr Lamido Sanusi, made the call at a news briefing after the bank’s Monetary Policy Committee (MPC...

    • Posted November 20, 2013
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  • Jaiz Bank appoints new MD

    Jaiz Bank Plc has announced the appointed of Muhammad Nurul Islam from the Islami Bank Bangladesh Limited as its new managing director/chief executive to steer its affairs and better position the bank to realise its vision of...

    • Posted November 20, 2013
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  • FG to sell four state-owned refineries next year

    The federal government plans to begin the privatisation of four of its state-owned oil refineries before the end of the first quarter of next year, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has said. “We would...

    • Posted November 20, 2013
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