Don't Miss


Latest News

  • AfDB to empower 36,000 youths on agriculture

    The Country Director, African Development Bank (AfDB), Mr Ebraima Faal, said the bank is working on empowering 36,000 youths across 36 states of the federation on agriculture. He disclosed this in Abuja, when he presented his letter...

    • Posted July 1, 2017
    • 0
  • SEC extends deadline for e-dividend registration to December 2017

    The Securities and Exchange Commission (SEC) has extended the deadline for  stoppage of issuance of physical dividend warrants in the nation’s capital market to Dec. 31, 2017. Mr Naif Abdussalam, SEC Head, Corporate Communications disclosed this in an...

    • Posted June 30, 2017
    • 0
  • Stocks end losing streak to gain 1.7%

    Nigerian stocks ended a three-day losing streak on Wednesday to gain 1.67 percent, as investors piled into the market ahead of upcoming half-year financial results. Investors sentiment turned bearish last week on the possibility that MSCI could...

    • Posted June 30, 2017
    • 0
  • CBN to sell $100 million at special forex auction

    The Central Bank of Nigeria (CBN) will sell $100 million at a special foreign exchange auction on Wednesday, the bank said as the local currency held steady in all segments of the foreign exchange market. In a...

    • Posted June 30, 2017
    • 0
  • France to invest €1bn in Nigeria’s oil, gas sector – NNPC

    The French Government has said that it has set aside about one billion euros to be invested in the Nigeria oil and gas industry, stating that Nigeria remains her first economic trading partner in Africa. The France...

    • Posted June 29, 2017
    • 0
  • Loan: Shareholders urge Etisalat to pay up

    Some shareholder groups in the capital market, yesterday, urged Etisalat Nigeria to settle the N1.2 billion debt it owed 13 commercial banks to avoid a takeover. A cross section of the shareholder groups stated this in an...

    • Posted June 29, 2017
    • 0
  • NCAA warns GSM operators, others over towering structures

    The Nigerian Civil Aviation Authority (NCAA), yesterday, warned all operators of Global System for Mobile Communication (GSM) to always obtain Aviation Height Clearance (AHC), permits and licences before erecting high rise structures. Also, owners of landing facilities,...

    • Posted June 29, 2017
    • 0
  • Nextier Power: DisCos paid only 26% invoices in 2016

    Nextier Power, a sector advisory firm in Abuja has supported the federal government’s window for large power customers to buy electricity from the Generation Companies (GenCos) while calling for the quick release of the modalities. The Principal...

    • Posted June 28, 2017
    • 0
  • Electricity: Non-payment for gas cuts off 6,482mw

    The Nigerian electricity grid dropped by 1,000 megawatts (mw) as generation crashed to 2,982mw in the early hours of Monday, during the Sallah festivity. Equally, the continued poor payment for gas supply to the mostly thermal Generation...

    • Posted June 28, 2017
    • 0
  • BEDC to publish power availability schedule

    In view of prevailing electricity generation limitations nationwide, Benin Electricity Distribution Plc (BEDC) will soon commence the publication of power availability schedule for customers in its franchise areas of Edo and Delta states. Managing Director/Chief Executive Officer...

    • Posted June 28, 2017
    • 0
  • Zero oil economy: NEPC seeks ECOWAS trade corridor

    The Nigerian Export Promotion Council (NEPC) is seeking for a platform for trade and investment along the ECOWAS trade corridor to facilitate exports from Nigeria to West African countries. This came to the fore when the new...

    • Posted June 28, 2017
    • 0
  • CBN’s intervention in forex market temporal – Prof. Nwaekeaku

    Prof. Charles Nwaekeaku of Nassarawa State University, says the Central Bank of Nigeria’s (CBN) interventions in the Foreign Exchange Market (FOREX) is a temporary relief. Nwaekeaku, a lecturer at the Pubic Administration Department, told the News Agency...

    • Posted June 27, 2017
    • 0
  • Customs generates N239.4bn in first quarter

    The Nigerian Custom Service generated a total sum of N239.4bn in the first three months of this year, figures obtained from the Federal Ministry of Finance have revealed. The amount is contained in a document obtained by...

    • Posted June 27, 2017
    • 0
  • Nigeria to surpass Ghana in annual yam export – Minister

    The Federal Government says it is strategising to surpass Ghana in the export of yam to Europe and other continents. Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, said this when he received the Technical...

    • Posted June 27, 2017
    • 0