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  • Cloud technology reveals revenue opportunities for IT firms

    Nigerian Information Technology firms, in a view to drastically reduce capital expenditure in the year 2013, are giving consideration to cloud technology innovation and potentials to drive their market. Cloud computing is a general term for anything...

    • Posted January 18, 2013
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  • Nigerian Stock Exchange Watch: ASI (+0.77) Gains, Profit Takers Feast On Banking Sector

    The Nigerian Stock Exchange All share Index gained 77 points to close at 30,324.86. The index was propelled by the appreciation in blue chip stock like Dangote Cement (+3.81%), Nigerian Brew (+0.67), and Julius Berger (+10%). A...

    • Posted January 17, 2013
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  • 238 Forex Dealers Licenses’ Withdrawn By CBN To Checkmate Corruption

    The Central Bank has thumped its regulatory hammer down on 238 Bureau de Change (BDC) operators operating in the country. According to a circular released Tuesday by the Trade and Exchange Department, of the Central Bank of...

    • Posted January 17, 2013
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  • NSE Will Grow By 11% In 2013 – Meristem Analysts

    The Nigerian Stock Exchange All Share Index has been predicted to grow by 11.05% in 2013, according to Meristem Securities, one of the leading stockbroking and research firms in Nigeria. The stock market has been bullish for...

    • Posted January 17, 2013
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  • Oando Rights Issue: ‘Investors Should Lock In Now’ – ISAN

    The currently ongoing Oando Rights Issue is expected to raise N54.6 billion from the company’s existing shareholders via the issuance of 4.5 billion ordinary shares at N12/share. According to Sunny Nwosu, the National Coordinator of the Independent Shareholders...

    • Posted January 17, 2013
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  • Osun to spend N100m on introduction of standardised weights and measures

    The Osun State government has budgeted over N100million for its planned uniformed scales scheme. Presenting the report titled “Introduction of standardised weights and measures,” it was revealed that the state government would use N100million as take off...

    • Posted January 17, 2013
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  • Pipeline vandalism: NNPC loses N190bn

    In a span of two years, between 2011 and 2012 The Nigerian National Petroleum Corporation (NNPC) has lost about N190bn to pipeline vandals. This was disclosed by the Spokesman for PPMC, Mr. Nasir Imodagbe, who said at...

    • Posted January 17, 2013
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  • Telecoms to assess nationwide damage on BTS caused by terrorists and flood

    Telecommunication firms in the country have commenced a nationwide damage assessment on base transmission stations (BTS). It was gathered that at the end of the assessment, they would call on the Federal Government to compensate them because...

    • Posted January 17, 2013
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  • NIPCO committed to development of LPG market

    Knowing the relevance of the Liquefied Petroleum Gas (LPG) and how it can boost the economy, key players in the Industry converged in Abuja recently to brainstorm and fashion out ways to improve on the operations of...

    • Posted January 17, 2013
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  • House suspends NNPC’s $1.5b loan proposal, orders investigation

    Lawmakers yesterday ordered the Nigerian National Petroleum Corporation (NNPC) to suspend all plans to take the controversial, yet proposed $1.5bn loan. The officials of the NNPC proposed to obtain a $1.5bn loan to pay off its debts...

    • Posted January 17, 2013
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  • Oil producing States to benefit from local content policy

    In its effort to right the wrongs of the past relating to the degradation of Oil  Producing Communities in the Country since 1958, the Federal Ministry of Petroleum alongside the Nigerian National Petroleum Corporation  have redesigned the Local...

    • Posted January 17, 2013
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  • Starcomms, MTN, Etisalat to spend N297.9billion on network

    Following the demands for quality service delivery in 2013, three of the GSM Service providers in the Country namely; MTN, Etisalat, and Starcomms have taken proactive steps to improve on their network through immediate upgrade. The Three...

    • Posted January 17, 2013
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  • Nigerian Stock Exchange Watch: ASI (+1.37) Crosses 30,000 Psychological Benchmark

    The NSE’s All Share Index gained 137 basis points in today’s trading to close above the 30,000 psychological benchmark at 30,093.83. The banking sector suffered from the activities of profit takers today, but was still predominantly bullish as...

    • Posted January 16, 2013
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  • Marketers yet to receive credit from banks

    Most of the Oil marketers in the country are going through very tough time as the ease with which they used to acquire loans from Banks is fast dwindling with a twist of events, as banks have...

    • Posted January 16, 2013
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