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  • Anglo-Nigeria bilateral trade to hit N2tr by 2014 – Envoy

    British High Commissioner to Nigeria, Andrew Pocock, has projected 80 per cent rise in the value of Anglo-Nigeria mercantile trade by next year to about N2.12 trillion, if ongoing efforts to boost trade between both nations are sustained....

    • Posted November 10, 2013
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  • Over 250 million smartphones shipped in Q3 2013

    Over a quarter of a billion smart phones were shipped worldwide in quarter three of 2013 as the market grew 44 per cent year-on-year. The top two vendors, Samsung and Apple, maintained their positions, with market shares...

    • Posted November 10, 2013
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  • National Assembly increases oil benchmark to $76.5pb

    A report by the Joint Committees of the National Assembly on Finance and Appropriation which was submitted on the floor of the Senate Thursday has recommended an upward review of the oil benchmark price from $74 per...

    • Posted November 9, 2013
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  • FBN Capital reports growth in Nigeria’s PMI readings

    FBN Capital Limited, on Friday, released a report of the results of the seventh monthly reading of the manufacturing Purchasing Manager’s Interest (PMI) for Nigeria, which it gathered in collaboration with NOIPolls Limited. A PMI is an exercise...

    • Posted November 9, 2013
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  • CBN defends naira with $18.7bn

    The Central Bank of Nigeria has defended the naira with $18.7bn at the Wholesale Dutch Auction System between April and November 4 in a bid to save the currency, an investigation by our correspondent has shown. Calculations...

    • Posted November 9, 2013
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  • FG reviews market rules for privatised power firms

    The Federal Government on Thursday commenced the process for the amendment of the market rules to guide the operations of the privatised power sector and to ensure that the transition electricity market comes into force by March...

    • Posted November 9, 2013
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  • Amnesty International accuses Shell of falsifying spill reports

    Amnesty International says it has fresh evidence to show that oil super major, Shell, falsified and manipulated oil spill investigations and documents in Nigeria. The rights group accused the oil company of wrongly reporting the cause and...

    • Posted November 9, 2013
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  • Unremitted contributions: PenCom recovers N3.33bn from employers

    The decision of the National Pension Commission to employ the services of recovery agents to go after employers, who fail to remit workers’ pension contributions, is paying off as it has recovered N3.33bn from defaulting organisations between...

    • Posted November 9, 2013
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  • Zenith Bank to increase loans to power sector

    Zenith Bank Plc has said it will increase loans to the firms that acquired the recently privatised power assets. The bank’s loans to the power sector may rise to 10 per cent of its loan book by...

    • Posted November 9, 2013
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  • Market cap loses N81 billion on Friday

    The last trading day at the stock market ended on a bearish note as the market capitalisation of entities on the main board closed lower at N12.100 trillion losing by N81 billion or 0.67 percent when compared...

    • Posted November 8, 2013
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  • FirstBank promotes financial independence, introduces “FutureFirst” initiative

    The future is often said to be here already as the world continues to witness man’s ingenuity in various disciplines. But there yet remains a need for deliberate financial planning to ensure a fulfilled future. It is...

    • Posted November 8, 2013
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  • Customers win Cars, others at FirstBank’s Big Splash Promo Draw

    The first quarterly draw of the on-going First Bank of Nigeria Limited ‘Big Splash Promo today produced 3 winners of brand new Toyota Corolla cars at the quarterly draw which took place at Kolanut Conference Center in...

    • Posted November 8, 2013
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  • Reps to investigate activities of concessionaires at Nigerian ports

    The House of Representatives on Thursday, mandated its Committees on Privatisation and Commercialisation, Public procurement, Commerce, Marine Transport and customs to investigate activities of concessionaires at Nigerian ports. This resolution emanated from a motion moved by Rep....

    • Posted November 8, 2013
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  • CBN, DERMALOG seal N8bn biometric deal

    The Central Bank of Nigeria (CBN) has signed a contract of over $50 million (N8 billion) with DERMALOG Identification Systems for the  deployment and implementation of a biometric system, which would help in resolving issues bordering on...

    • Posted November 8, 2013
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