All posts tagged "featured"
-
Nigeria to save over $100bn oil revenue via conservative savings – Ezekwesili
A former Vice-President of the World Bank, Dr. Obiageli Ezekwesili, has said that conservative savings over a period of four years would have enabled the country save more than $100billion of oil revenue. Ezekwesili disclosed this in...
- Posted January 20, 2017
-
Wema Bank appoints Ademola Adebise as Deputy Managing Director
The Board of Directors, Wema Bank Plc. has appointed Ademola Adebise as the Deputy Managing Director (DMD) of the bank. The board announced this at a retreat held recently in Lagos. The Central Bank of Nigeria (CBN)...
- Posted January 20, 2017
-
Governments urged to support small businesses
Global research by Sage, a business software solution provider has highlighted that only 33 per cent of small businesses feel represented by politicians in their countries’ decision making. In the report, Sage Chief Executive Officer, Stephen Kelly,...
- Posted January 19, 2017
-
Bears return on losses by highly capitalised stocks
The stock market ended negatively tuesday as the bears returned following losses by high capitalised stocks. The market had resumed positively on Monday on continued demand for banking stocks, appreciating by 0.18 per cent. Although banking stocks...
- Posted January 19, 2017
-
UBA explores investment opportunities at World Economic Forum
The United Bank for Africa (UBA) has said it will be strongly represented at the annual meeting of the World Economic Forum (WEF), which began in Davos, Switzerland tuesday. The bank’s CEO, Kennedy Uzoka, is expected to...
- Posted January 19, 2017
-
Dangote’s multi-million dollar truck assembly plant to create 3,000 jobs
Determined the tap into the opportunity provided by the scarcity of forex in the country to create jobs, foremost entrepreneur, Aliko Dangote has embarked on the establishment of multi-million dollar vehicle assembly plant project in Lagos Specifically,...
- Posted January 18, 2017
-
Fashola advocates ‘undercover bosses’ for power distribution companies
The Minister of Power, Works and Housing, Mr. Babatunde Fashola has charged the top management of the electricity distribution companies to disguise themselves as ‘undercover bosses’ and interact with their customers to find out their grievances. Speaking...
- Posted January 18, 2017
-
Value of foreign investments in equities fall 51% on currency challenges
The value of foreign portfolio investments (FBI) in the Nigerian equities market fell by 51.4 per cent between January and November 2016 following the tight foreign control policies of the Central Bank of Nigeria (CBN). Data from...
- Posted January 17, 2017
-
Appeal Court adjourns Chevron’s suit against Brittania-U on sale of oil blocks
Exactly two and a half years after Chevron United States Inc. and others instituted an appeal against the judgment of a Federal High Court sitting in Lagos, which assumed jurisdiction to entertain a suit brought against them...
- Posted January 17, 2017
-
We won’t devalue Naira – CBN tells BDCs
The Central Bank of Nigeria (CBN) has told Bureau de Change (BDC) operators it does not intend to devalue the naira and will support it at current levels, especially with a recent rise in oil prices, the...
- Posted January 14, 2017