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  • Market Cap gains N15billion on Tuesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended Tuesday on a positive note as the market capitalisation of the listed entities gained N15 billion or 0.13 percent to closed at N11.754 trillion higher than...

    • Posted October 8, 2013
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  • Tambuwal decries misappropriation of cabotage funds

    The Speaker of the House of Representatives, Alhaji Aminu Tambuwal, on Tuesday in Abuja decried the misappropriation of the cabotage vessel financing funds. Tambuwal made this observation at an investigative hearing organised by the House of Representatives...

    • Posted October 8, 2013
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  • Bureau De Change operators laud new measures on Forex

    The Association of Bureau De Change (BDC) Operators of Nigeria on Tuesday said that the new foreign exchange measures of the Central Bank of Nigeria (CBN) would sanitise the money market. A statement issued in Lagos by...

    • Posted October 8, 2013
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  • N10.9b theft charge: Court refuses to discharge ex-Finbank chiefs

    An Ikeja High Court on Tuesday dismissed the no-case submissions filed by a former Managing Director of Finbank Plc, Okey Nwosu, and three others. Nwosu and the three former directors — Dayo Famoroti, Danjuma Ocholi and Agnes...

    • Posted October 8, 2013
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  • 19 petroleum products-laden ships berth at Lagos ports

    Nineteen ships laden with different petroleum products have arrived at the ports in Lagos, according to the Nigerian Ports Authority (NPA). NPA, in its daily publication, “Shipping Position’’ obtained by the News Agency of Nigeria (NAN), said...

    • Posted October 8, 2013
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  • FG to refloat Nigerian National Shipping Line – Official

    Mr Leke Oyewole, the Senior Special Assistant to the President on Maritime, says Federal Government plans to re-establish another national shipping line to boost employment in the sector. Oyewole told the News Agency of Nigeria (NAN) in...

    • Posted October 8, 2013
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  • NSE commences 2013 annual competition for students

    The Nigerian Stock Exchange, NSE, has officially kicked off its 12th Annual National Essay Competition with the call for entries in secondary schools across the six geo-political zones of the country. A press statement from the bourse...

    • Posted October 8, 2013
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  • Nigeria’s external debt service cost crashes by 16.67%

    The Debt Management Office (DMO) has reported a 16.67 per cent drop in the amount committed annually to servicing the nation’s external debt from $351.62 million in 2011 to $293 million in 2012. According to the DMO’s 2013...

    • Posted October 8, 2013
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  • Agro-processing exporters get N6.6b NEXIM lifeline

    Nigerian Export–Import Bank (NEXIM) says it has funded Agro-processing export businesses to the tune of 6.6 billion naira in the period August 2009 to April 2013, Similarly, the bank says it has provided N12 billion in lending to...

    • Posted October 8, 2013
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  • Mono product economies will remain vulnerable – World Bank

    The World Bank on Monday said that mono product economies, especially those dependent on oil, would remained vulnerable due to volatility of oil prices. Punam Chuhan–Pole, World Bank Lead Economist, made the observation while briefing African newsmen on African...

    • Posted October 8, 2013
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  • NCC to issue licences for fixed broadband services

    The Nigerian Communications Commission is in the process of splitting the country into territories for the purpose of issuing licences to operators who will provide fixed broadband coverage to subscribers. The Executive Vice Chairman, NCC, Dr. Eugene...

    • Posted October 8, 2013
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  • FG moves to improve Nigeria’s global competitiveness ranking

    The Federal Government has taken a major step to improve the country’s global competitiveness ranking with the appointment of Mr. Chika Mordi, as the new Chief Executive Officer, National Competitiveness Council of Nigeria. The council, which is...

    • Posted October 8, 2013
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  • Electricity consumers should not expect improvements soon — NERC

    Electricity consumers in the country should not expect a rapid improvement in power supply any time soon despite the privatisation of the sector, the Nigerian Electricity Regulatory Commission has said. The commission made it clear that the...

    • Posted October 8, 2013
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  • Effective credit system critical for telecoms growth – Airtel CEO

    The Chief Executive Officer (CEO) and Managing Director of Airtel Nigeria, Mr. Segun Ogunsanya has identified effective credit management system as a critical factor for the growth of stakeholders in the telecommunications industry. The CEO/MD,  Segun Ogunsanya,...

    • Posted October 8, 2013
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