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All posts tagged "headline"

  • Chevron, contractors’ row deepens as NUPENG protests

    The row between Chevron Nigeria Limited and some employees of companies contracted by the oil major deepened on Wednesday as members of the Nigerian Union of Petroleum and Natural Gas Workers stormed its offices in Lagos, Port...

    • Posted September 18, 2015
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  • Banks profit set to fall over TSA

    The cash shortage occasioned by the commencement of the Treasury Single Account policy will make banks’ profits to decline, it has been learnt. Top bank executives told our correspondents on condition of anonymity on Wednesday that the...

    • Posted September 18, 2015
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  • How Nigeria can attract investment, boost growth – Peterside

    The Chairman, Stanbic IBTC Bank Plc, Mr. Atedo Peterside, has highlighted ways in which Nigeria can reverse its dwindling economic fortunes, stressing that decisive policy steps were vital. According to Peterside, decisive policies are needed because it...

    • Posted September 18, 2015
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  • FMDQ OTC admits N8.15bn Wema Commercial Paper

    FMDQ OTC Plc on Wednesday admitted the Wema Bank Plc N8.15 billion Series 1 Commercial Paper (CP) for trading having successfully  met the quotation requirements of  the securities exchange. The N8.15 billion CP is under the N10...

    • Posted September 18, 2015
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  • Food Company to invest $450m in Nigeria, others

    Kellogg Company, an American multinational food manufacturing company headquartered in Battle Creek, Michigan, United States,  is setting up a joint venture with the African arm of Singapore’s Tolaram Group to bolster its breakfast and snack food offerings...

    • Posted September 17, 2015
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  • Shareholders approve Flour Mills’ subsidiaries merger with HoldCo

    Shareholders of Flour Mills of Nigeria Plc (FMN) have endorsed the company’s bid to merge five of its subsidiaries with its holding company. The company had obtained the approval-in-principle of the Securities and Exchange Commission (SEC) to...

    • Posted September 17, 2015
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  • Oil theft bigger threat than price slump – Experts

    Stakeholders in the upstream segment of the nation’s petroleum industry under the aegis of the Nigerian Association of Petroleum Explorationists have raised the alarm over the spate of oil theft and illegal crude refining in the country,...

    • Posted September 17, 2015
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  • NNPC to review PSC fiscal terms with IOCs

    The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it would revisit the fiscal terms of existing Production Sharing Contracts (PSCs) entered into by it on behalf of Nigeria with some international oil companies (IOCs). The corporation,...

    • Posted September 17, 2015
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  • Banking stocks lead Laggards as NSE Index sheds value

    The Nigerian Stock Exchange (NSE) Banking Index declined 0.85 per cent at the stock market on Tuesday as the   implementation of the Treasury Single Account (TSA) began. Although the NSE All-Share Index shed 0.19 per cent, the...

    • Posted September 17, 2015
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  • Banks’ investments in foreign software unacceptable – Expert

    The Managing Director of UpperLink Software and e-Payment Solution Development Company, Mr. Segun Akano, says over indulgence of foreign software by Nigerian banks is negatively affecting the lenders’ finances and return on investments. He stated that lenders...

    • Posted September 17, 2015
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