Don't Miss


Latest News

  • Oando shareholders to receive N5.1bn dividend

    The Group Chief Executive of Oando Plc, Mr. Wale Tinubu has said that the company’s shareholders will receive a dividend of N5.1bn for the year ended December 31, 2012. A statement from the company yesterday said the...

    • Posted July 5, 2013
    • 0
  • Okonjo-Iweala to FIRS: Consider birth certificate as tax registration

    As the country’s fortunes dwindles from the sale of crude oil, the Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, has instructed the Federal Inland Revenue Service (FIRS) to employ “any efforts” to...

    • Posted July 5, 2013
    • 0
  • India now leads America in purchase of Nigeria crude oil

    Recent statistics have shown that the Government of India now leads the United States of America in the purchase of crude oil from Nigeria. India High Commissioner in Nigeria Mr Mahesh Sachdev who disclosed this when he paid...

    • Posted July 5, 2013
    • 0
  • UACN targets top-line growth with holding company structure

    UAC of Nigeria Plc will in the next three years concentrate on building its Holding Company structure through strategic acquisition of companies in key sectors of the economy, said the chairman, Senator Udoma Udo Udoma. Speaking in...

    • Posted July 5, 2013
    • 0
  • Nigeria spends N50bn on fish importation – RMRDC

    Director-General, Raw Materials Research Council of Nigeria, RMRDC, Prof. Peter Onwualu has stated that Nigeria spends about N50 billiion annually on importation of frozen fish. He made this known at an entrepreneurial development workshop on fish smoking...

    • Posted July 5, 2013
    • 0
  • Investors rush Nigeria’s $1b bond

    Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala has said that International investors have exceeded the expectations of analysts in their response to the recently floated $1 billion Nigerian bond; marking an improvement...

    • Posted July 5, 2013
    • 0
  • Oduah seeks $500m for national carrier, meets Sanusi

    In a desperate move to establish a national carrier for the country this year, the Minister of Aviation, Ms. Stella Oduah, and other officials from the aviation sector met with the Governor of the Central Bank of...

    • Posted July 5, 2013
    • 0
  • Reps write CBN on fake ATM currency notes, seek review of envelope budgeting system

    The House of Representatives said on Wednesday that it had written to the Central Bank of Nigeria to explain the source of fake currency naira notes being dispensed by Automated Teller Machines of some banks. Lawmakers claimed...

    • Posted July 4, 2013
    • 0
  • NASD: SEC insists on zero tolerance for market infractions

    THE Securities and Exchange Commission (SEC) has affirmed its commitment on zero tolerance for market infractions as it tasked the newly launched National Association of Securities Dealers (NASD) Over-the-Counter (OTC) market to avoid insider dealings and other...

    • Posted July 4, 2013
    • 0
  • NIMASA justifies action against NLNG over N25bn debt

    THE Nigerian Maritime Administration and Safety Agency (NIMASA) has justified its action against the Nigerian Liquefied Natural Gas Company (NLNG) blockade of vessels into the nation’s territorial waters. NIMASA last week stopped three vessels belonging to the...

    • Posted July 4, 2013
    • 0
  • Access Bank appoints Wigwe to succeed Imoukhede

    The Board of Directors of Access Bank Plc has the appointment of Mr Herbert Wigwe to succeed Aigboje Aig-Imoukhuede, as Group Managing Director/ Chief executive Officer when he retires from the bank in December. Aig-Imoukhuede, 46, will...

    • Posted July 4, 2013
    • 0
  • FG begins implementation of Backward Integration Policy in sugar industry

    The Federal Government has commenced the implementation of the Backward Integration Policy (BIP) in the sugar industry with the approval of the plans and projects by three sugar refineries in Nigeria. The Minister of Industry, Trade and...

    • Posted July 4, 2013
    • 0
  • CBN expresses worry over N11.7b spent yearly to import tinned tomato

    The Central Bank of Nigeria (CBN) has expressed dismay over a whooping N11.7 billion spent annually to import processed tomato paste on a yearly basis by the Nigerian government. CBN Governor, Mallam Lamido Sanusi noted this Tuesday...

    • Posted July 3, 2013
    • 0
  • Budget: Jonathan urges Senate to reverse N78.54bn cut

    President Goodluck Jonathan has urged the Senate to reverse itself by restoring the N78.54bn cut from the capital allocations to some Ministries, Departments and Agencies of the Federal Government in the 2013 budget. He also asked the...

    • Posted July 3, 2013
    • 0