Don't Miss


Latest News

  • Only new trucks will access Lagos port next year – NPA

    Management of the Nigerian Ports Authority (NPA) is engaging some private partners that will operate a consolidated truck management system, whereby only new trucks will have access to the seaports from next year. Port manager, Lagos Ports Complex...

    • Posted October 13, 2013
    • 0
  • GCR rates Ecobank Nigeria A-(NG)

    The Global Credit Ratings (GCR), a rating agency, has upgraded the long-term national scale and affirmed the short term national scale issuer ratings assigned to Ecobank Nigeria to A-(NG) and A2 (NG) respectively. This implies that Ecobank...

    • Posted October 13, 2013
    • 0
  • UBA partners firm on e-Payment solution

    The United Bank for Africa Plc (UBA) Thursday revealed a new partnership with Netplus Advisory Limited to deploy secured e-payment solution for U-mall, a new e-commerce platform that has been launched in Lagos. U-mall is a revolutionary...

    • Posted October 13, 2013
    • 0
  • Central Bank sells N132bn treasury bills

    The Central Bank of Nigeria (CBN) sold N131.82 billion worth of treasury bills on Thursday, with maturities ranging between three months and one year with yields broadly flat, compared with the previous auction. According to the Financial...

    • Posted October 13, 2013
    • 0
  • Forte Oil partners MTN on customer service kiosks

    Forte Oil Plc, a major marketer of refined petroleum products, has announced that it has reached a partnership agreement with telecoms giant, MTN Nigeria, to jointly improve customers’ experience through the provision of Walk In Service Everywhere...

    • Posted October 13, 2013
    • 0
  • NATCA advocates air safety in Nigeria

    In a bid to ensure safety in Nigeria airspace, the Nigerian Air Traffic Controllers Association (NATCA) has called for improvement in communications and surveillance facilities across the country Air Traffic Control Units (ATCU) to boost and sustain air...

    • Posted October 12, 2013
    • 0
  • PENGASSAN threatens strike over oil block sale

    The Petroleum and Natural Gas Senior Staff Association of Nigeria has threatened to shut down the oil and gas industry due to the divestment by oil companies in the industry without settling all labour issues. It accused...

    • Posted October 12, 2013
    • 0
  • Nigeria’s unemployment rate rises to 23.9% — NPC

    The National Population Commission has said that the rate of unemployment in Nigeria rose from 21.1 per cent in 2010 to 23.9 per cent in 2011. The NPC, in the latest report on its website, said the...

    • Posted October 12, 2013
    • 0
  • IFC to finance Nigeria’s $5bn gas pipeline project

    The Federal Government is in talks with the International Finance Corporation to help to fund a national gas-pipeline network for the supply of power stations and industries. Bloomberg on Thursday quoted the Minister of Petroleum, Mrs. Diezani Alison-Madueke,...

    • Posted October 12, 2013
    • 0
  • US debt crisis may affect Nigeria – Okonjo-Iweala

    The current budget row and the possibility of debt default by the United States portend serious danger for Nigeria as the country’s cost of borrowing from the international financial market will likely rise significantly, the Finance Minister,...

    • Posted October 12, 2013
    • 0
  • 7-Up spends N2.2bn on debt servicing

    7-Up Bottling Company will spend as much as N681 million in 2013 in pursuing outstanding court cases, even as it spent N2.26 billion in servicing different banks’ loans in the year ended 31st March, 2013. This is...

    • Posted October 12, 2013
    • 0
  • Manufacturing exporters receive NEXIM’s N12bn in funding

    Nigerian Export–Import Bank (NEXIM)has stated that it has provided N12 billion in lending to Nigerian export manufacturers, many of who carry the “Proudly Nigerian” label on their products in the West African sub-regional market and globally naira...

    • Posted October 12, 2013
    • 0
  • Stock Market Watch: Indices rise by 0.09% on Friday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended this week on a positive note as the All Share Index, ASI, rose to 36,991.62 basis points away from Thursday’s closing figure of 36,962.63 basis points...

    • Posted October 11, 2013
    • 0
  • Techno Oil unveils 20 mega stations nationwide

    Techno Oil Ltd has started inaugurating its 20 new mega filling stations in cities nationwide to make petroleum products readily available to consumers. Mr Ken Abazie, the Head of Strategy/Legal Department of the company, disclosed this at...

    • Posted October 11, 2013
    • 0