Latest News
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PHCN workers to resume work
The Nigerian Labour Congress (NLC) has directed protesting workers of the Power Holding Company of Nigeria (PHCN) to resume work immediately. This was arrived at after a meeting, which the Congress held with the National Union of Electricity...
- Posted November 19, 2011
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FAAC Meeting Over Subsidy Yet Unresolved
For the second time, the Federation Account Allocation Committee meeting, which was convened to consider statutory revenue for the month of October with a view to allocating same to the three tiers of government, ended in a...
- Posted November 19, 2011
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News Flash: Ikeja Hotel Plc Notification of AGM
Ikeja Hotel Plc notified the Nigerian Stock Exchange today of its intention to hold its Annual General Meeting (AGM) next month. The venue will be the Sheraton Lagos Hotel at No. 30 Mobolaji bank Anthony Way, Ikeja,...
- Posted November 18, 2011
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Nigerian Stock Market Watch: Market Cap Shed N36 Billion
The Nigerian Stock Market shed N 36 Billion of its market capitalization this week. Across consumer goods, the Dangote subsidiaries of flour and sugar consolidated on previous day gains, appreciating by 4.99% and 4.96% apiece. Another Dangote...
- Posted November 18, 2011
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Facebook Employees Go Nuts As Zuckerberg Tells Them The IPO Is Coming
A source close to Facebook employees emailed us yesterday to say that the rumor flitting from employee to employee is that “a Facebook S1 filing is coming really soon. Possibly as soon as next month.” “The IPO talk inside...
- Posted November 18, 2011
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Liverpool pip Chelsea to Nigerian Teenage Sensation, Oluwaseyi Ojo
Kenny Dalglish has sealed a major transfer coup as Liverpool have beaten Chelsea to Oluwaseyi Ojo’s signature. The 14 year old who played for MK Dons, before now look set to join Chelsea, who had reportedly agreed...
- Posted November 18, 2011
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Liquefied Petroleum Gas, A Better Alternative to Kerosene
The Nigeria Liquefied Petroleum Gas Association (NLPGA) has called on the Federal Government to promote the usage of liquefied petroleum gas (LPG), otherwise known as cooking gas, by introducing ‘kerosene to LPG conversion programme’ in the country....
- Posted November 18, 2011
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NAFDAC Warns Against Soaps with Mercury
The National Agency for Food and Drug Administration and Control (NAFDAC) Coordinator in Ekiti State, Mr. Francis Ononiwu, stated yesterday after the agency sealed up some pharmacies that Nigerians must stop using cream and soaps which contain...
- Posted November 18, 2011
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Microfinance: Deepening The Grassroot Reach
Microfinance is a key financial instrument and strategy in addressing the unique needs of the unbanked population. It has recently gained traction in the country as a result of its poverty alleviation potential and the profit at...
- Posted November 18, 2011
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Entrepreneurbuddy With Pearl Soft Unlocks Innovation At Global Entrepreneur Week
As part of the Global Entrepreneur Week, Businessnews.com.ng, Editor, Caesar Keluro will this Saturday 19th November, 2011 be speaking at this year’s event which is being organized by Entrepreneur buddy and Pearl Soft. With the event’s theme...
- Posted November 18, 2011
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N315b Expenditure On Wheat Importation In Nigeria
The plans to save about N315 billion per annum on the importation of wheat flour into the country has been concluded by the Federal Government. According to the Minister of Agriculture, Akinwumi Adeshina, Nigeria spends a total...
- Posted November 18, 2011
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Honeywell Records 1.9% Improvement In Second Quarter.
HONEYWELL Flour Mills Plc according to its half year unaudited account for the period ended, September 30, 2011, presented a 1.85 per cent increase in its profit after tax for its half year 2011 financial performance to...
- Posted November 18, 2011
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Helios Investment Partners Acquires Multilinks
Helios Investment Partners (HIP) formally announced its acquisition of 100 per cent equity interest in the company from its previous shareholder, Telkom South Africa. HIP, one of the largest Africa-focused private investment firms, with assets under its...
- Posted November 18, 2011
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It Takes Statistical Data to Proffer Solutions to Aviation’s Challenges
At the second meeting of the Aviation Statistical Committee for 2011 in Ota, Ogun State, The Managing Director of the Federal Airports Authority of Nigeria (FAAN), George Uriesi, challenged the committee to come up with a statistical data framework...
- Posted November 18, 2011