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  • Jumia partners 234Give on fight against cancer

    Online retailer, Jumia, is partnering 234Give to support the International Cancer Month. A substantial percentage of proceedings made during ‘The Pink Week’ will be given to the Breast Cancer Foundation of Nigeria, the firm said in a...

    • Posted October 27, 2013
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  • Delta to invest N1bn in agriculture, SMEs growth

    Governor Emmanuel Uduaghan of Delta State on Wednesday called for concerted efforts towards the growth of the agricultural sector and Small and Medium Enterprises development in the state. Uduaghan, while declaring open the Delta State Trade Fair...

    • Posted October 27, 2013
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  • Union Bank announces CBN’s approval of divestment plans

    Union Bank of Nigeria today reported to the Nigerian Stock Exchange that it has received from the Central Bank of Nigeria (CBN) the approval to go ahead with its plans for complying with CBN’s Regulation 3 on...

    • Posted October 26, 2013
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  • Group urges govt to tackle multiple taxation

    The Tax Payers Association of Nigeria has urged the Federal Government to urgently address the issue of multiple taxation in the country. It, however, commended the Minister of Finance, Dr. Ngozi Okonjo-Iweala, for her position on the...

    • Posted October 26, 2013
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  • Italian investors eye Nigerian power sector, others

    Three Italian companies, Allimep, Duemme and Sime, have entered Nigeria and are targeting the country’s engineering industry with the ultimate aim of providing support to the private sector-driven power sector as well as the oil and gas...

    • Posted October 26, 2013
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  • FG targets N512bn from NIPP plant sale

    The Federal Government has said it expects to garner $3.2bn (N512bn) from the sale of the 10 power plants constructed under the National Integrated Power Project. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, said this in a...

    • Posted October 26, 2013
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  • Passengers stranded as grounded airlines await NCAA audit

    Hundreds of air travellers were on Thursday stranded at the Lagos airport following the grounding of Chanchangi and IRS airlines by the Nigerian Civil Aviation Authority for having only one operational aircraft each in their fleets. With...

    • Posted October 26, 2013
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  • Stock Market Watch: ASI down by 0.4% on Friday

    The last trading day of the week at the Nigerian Stock Market ended on a negative note as the All Share Index, ASI, dipped by 149.71 points or 0.4 percent to close at 37,461.94 basis points lower...

    • Posted October 25, 2013
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  • GTB profit hits N82billion in nine months

    Guaranty Trust Bank, GTB, Plc has announced a Profit Before Tax, (PTB) of N82.36 billion for the nine months ended September 30, 2013. The figure according to a statement made available to the Nigerian Stock Exchange, NSE,...

    • Posted October 25, 2013
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  • Jonathan write NASS to include $200m in 2012-2014 borrowing plan for Lagos

    President Goodluck Jonathan on Thursday urged the National Assembly to include the Lagos State Development Policy Operation (DPO) of 200 million US Dollars into the 2012-2014 Medium Term Borrowing Plan (MTBP) The fund, according to him, forms...

    • Posted October 25, 2013
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  • Onne FTZ attracts fresh N32bn investment

    Dr Olusegun Aganga, the Minister of Industry, Trade and Investment on Thursday said 200 million dollars (N32 billion) had been invested in Onne Oil and Gas Free Trade Zones (FTZ). Aganga, who stated this at an oil...

    • Posted October 25, 2013
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  • NSE boss says X-GEN trading platform has benefited capital market

    Mr Oscar Onyema, the Chief Executive Officer, Nigerian Stock Exchange (NSE), has said that the newly inaugurated X-GEN trading platform had benefited the capital market immensely. Onyema told the News Agency of Nigeria (NAN) on Thursday in...

    • Posted October 25, 2013
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  • Benin discovers 87 mn barrels of oil

    Benin said Thursday that it had discovered 87 million barrels of oil off its coast, a tiny amount compared to neighbouring Nigeria’s reserves, but which could boost the small country’s economy. “We have discovered oil in a...

    • Posted October 25, 2013
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  • FG invests $870m in airport upgrade — FAAN

    The Federal Government has invested $870m in airport infrastructure upgrade as part of efforts to improve services in all the nation’s airports. The Managing Director, Federal Airports Authority of Nigeria, Mr. George Uriesi, made this known on...

    • Posted October 25, 2013
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