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  • First Bank forecasts 10% decrease in loan growth

    First Bank of Nigeria Holdings Plc, on Thursday, forecast slower loan growth of 10 per cent for this year due to the new monetary policy regulation. The Central Bank of Nigeria (CBN) had, at its last monetary...

    • Posted September 1, 2013
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  • Guinness Nigeria rewards distributors, promises effective service delivery

    Guinness Nigeria Plc recently rolled out the drums to celebrate its distribution partners for their outstanding contribution to the growth and business success of the company during the 2013 financial year. Known as the Guinness Nigeria Distributors Award,...

    • Posted August 31, 2013
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  • FG designates Med-View airlines on six Int’l destinations

    Nigerians doing business in Dubai, the United Arab Emirates capital, will soon have opportunity to fly directly to the city, as the Federal Government has designated Med-View Airlines, one of Nigeria’s domestic carriers to Dubai and other five...

    • Posted August 31, 2013
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  • NSE index up 0.27% on NB gain

    After several days of closing in the red, the basic indicators of the Nigerian Stock Exchange (NSE) turned green on Thursday, as gains mainly by Nigerian Breweries Plc, the second largest company by market capitalisation drove equities capitalisation...

    • Posted August 31, 2013
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  • Only one out of 77 oil blocks are producing – DPR

    The Department of Petroleum Resources, DPR, Thursday, disclosed that out of  the more than 77 oil blocks awarded between 2005 and 2007, only one is producing, a situation that has called for urgent intervention by the Federal...

    • Posted August 31, 2013
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  • CBN to test-run movable collaterals October next year

    FOLLOWING the challenges of access to funds for the Micro, Small & Medium Enterprises (MSMEs) in Nigeria, The Central Bank of Nigeria (CBN) has targeted October 2014 to test-run the registry of movable collaterals. The Director, Development...

    • Posted August 31, 2013
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  • Manufacturers disagree over new trade terms

    Nigerian manufacturers have disagreed with the trade terms of the European Union, describing them as capable of hindering the nation’s industrial growth. The new trade agreements, Common External Tariff (CET), Community Levy and the Economic Partnership Agreement...

    • Posted August 31, 2013
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  • Jaiz Bank, Teasy Mobile partner on Mobile Money service

    Jaiz Bank Plc, the first full-fledged non-interest bank in Nigeria has entered into a partnership with Teasy Mobile Money (a CBN-licensed Mobile Payment Operator) to provide financial services to Nigerians, through Mobile Phone. This is part of...

    • Posted August 30, 2013
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  • Money laundering: NFIU to sanction financial institutions over non-compliance

    The Nigerian Financial Intelligence Unit, NFIU, yesterday, threatened to sanction financial institutions in the country, following their non-compliance with certain anti-money laundering provisions. Speaking at a regional training for financial and regulatory institutions on the revised Financial...

    • Posted August 30, 2013
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  • FG secures N32bn World Bank loan for agriculture

    The Federal Executive Council (FEC), on Wednesday approved the nation’s bid for a loan of $200 million (N32 billion) from the International Development Association, an arm of the World Bank, for Fadama III agriculture projects in six states...

    • Posted August 30, 2013
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  • Chevron confirms withdrawal from Olokola LNG project

    CHEVRON Nigeria Limited, operator of the Nigerian National Petroleum Corporation/Chevron Joint Venture, has officially confirmed its withdrawal from the Olokola Liquefied Natural Gas project. There had been speculations that the company might pull out of the Olokola...

    • Posted August 30, 2013
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  • We’ve paid 70% of PHCN workers – FG

    The Federal Government on Wednesday said it had paid the severance benefits of over 70 per cent of the workers of the Power Holding Company of Nigeria as it worked towards concluding the privatisation of the power...

    • Posted August 30, 2013
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  • Develop power infrastructure with Excess Crude Account – Tukur

    The Chairman of the newly reconstituted supervisory board of the Transmission Company of Nigeria, Mr. Haman Tukur, on Wednesday urged the Federal Government to use part of the fund in the Excess Crude Account to develop power...

    • Posted August 30, 2013
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  • Market watch: Index rises by 0.28%

    Trading on the Nigerian Stock Exchange (NSE) was on the upbeat on Thursday as the All Share Index recorded 0.28 per cent growth. The index, which opened at 36,299.30, appreciated by 101.07 points or 0.28 per cent...

    • Posted August 30, 2013
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