Don't Miss


Latest News

  • Ethiopia Airlines begins international flights from Enugu airport

    The Federal Government, weekend, confirmed that Ethiopian Airlines would commence direct flights to and from Akanu Ibiam International Airport, Enugu, from Saturday, August 24, 2013. This would be the first international flights to be operated into the...

    • Posted August 19, 2013
    • 0
  • NSE bearish trend not sign of crash – CIBN chief

    A former President of the Chartered Institute of Bankers of Nigeria, Mr Okechukwu Unegbu, has urged investors not to panic over the current bearish trend of the Nigerian Stock Exchange. Unegbu said in Lagos that the lull...

    • Posted August 19, 2013
    • 0
  • CBN moves against dud cheque issuers

    If you are a bank customer and you issued dud cheques at least three times since July 5, then you have something to worry about. The Central Bank of Nigeria (CBN) has directed all banks to compile...

    • Posted August 19, 2013
    • 0
  • First Bank deploys technology to reduce N60bn unclaimed dividend

    As part of its effort to reducing the growing unclaimed dividend amounting to over N60 billion in the Nigerian capital market , First Registrars Nigeria Limited has unveiled a new technology,  First Dividend Plus Prepaid Card &...

    • Posted August 19, 2013
    • 0
  • Four Nigerian banks raise N234b from international capital market

    Four Nigerian banks have raised $1.45 billion (N234.102 billion) from the creation of sovereign benchmark in the International Capital Market (ICM), the Debt Management Office (DMO) said on Friday. The DMO Director-General, Dr Abraham Nwankwo, said this...

    • Posted August 18, 2013
    • 0
  • FG services debts with N136bn in three months

    The Federal Government spent N136.77bn on servicing its domestic and external debts in the first three months of this year. The amount is contained in the Budget Monitoring and Evaluation report prepared by the Budget Office of...

    • Posted August 18, 2013
    • 0
  • Navy, NSCDC seek stiffer penalty for oil thieves

    The Nigerian Navy and the Nigeria Security and Civil Defence Corps have advocated a stiffer punishment for oil thieves. The nation, which is losing over $7bn (N1.13tn) in revenue annually to oil theft, has continued to battle...

    • Posted August 18, 2013
    • 0
  • Okonjo-Iweala, Johnson lead NSE’s listing drive

    The Federal Government has intensified efforts to get more companies, especially those in the telecoms and oil and gas sectors, listed on the Nigerian Stock Exchange. The Coordinating Minister of the Economy and Minister of Finance, Dr....

    • Posted August 18, 2013
    • 0
  • IFC to facilitate additional 1500 MW to national grid

    International Finance Corporation, IFC has announced its plans to support investments that will add 1, 500 megawatts of power generation to the national grid. Addressing news men in Lagos, IFC Vice President for Sub-Saharan Africa, Latin America...

    • Posted August 18, 2013
    • 0
  • PZ offers 56 kobo dividend, as Zenith Bank’s profit dips

    Personal and household products’ major player, PZ Cussons Nigeria, on Thursday informed stockbrokers and management of the Nigerian Stock Exchange (NSE) in its full year financial result ended May 31, 2013, that it is offering a total...

    • Posted August 17, 2013
    • 0
  • Okonjo-Iweala decries N232bn fraudulent subsidy claims

    The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has decried the N232bn ($1.5bn) overpayments made to “fraudulent” oil marketers. Okonjo-Iweala, who is also the Coordinating Minister for the Economy, made the plan known at the meeting of the...

    • Posted August 17, 2013
    • 0
  • CAC repositions, plans offices in three countries

    The newly inaugurated board of the Corporate Affairs Commission has unveiled plans to reposition the operations of the organisation. The Chairman of the board, Mr. Funsho Lawal, said this in Abuja on Thursday while addressing journalists shortly...

    • Posted August 17, 2013
    • 0
  • MTN Group records 200 million subscriber base

    The MTN Group has achieved its 200 millionth subscriber milestone. The firm said in a statement on Wednesday that the 200 million subscriber mark came a year before its celebration of 20 years of connecting people and...

    • Posted August 17, 2013
    • 0
  • CBN launches N220bn SMEs fund

    There appears to be a new latitude for entrepreneurs in the country as the Central Bank of Nigeria, CBN, yesterday, launched a N220 billion Micro, Small and Medium Enterprises, MSMEs, fund to provide the much needed capital...

    • Posted August 17, 2013
    • 0