All posts tagged "headline"

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  We have no money to import fuel — Marketers

  There are indications that the current fuel scarcity may not abate unless the Federal Government pays the outstanding N200m reportedly being owed the oil marketers as subsidy claims. The oil marketers, who confirmed to our correspondent that...

  • Posted May 24, 2015
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  Nigerian artists dominate global art auction, as new record is set

  When the hammer fell to signal the end of the Africa Now sale in Bonhams, London, last Wednesday, Ben Enweonwu’s sculpture Anyanwu had fetched a staggering £74,500. His Africa Dances painting sold for £68,500. It was not...

  • Posted May 24, 2015
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  Ecobank chairman assures shareholders of greater returns

  The Chairman, Ecobank Transnational Incorporated, Mr. Emmanuel Ikazoboh, has reiterated the commitment of the group to sustained growth, assuring the shareholders of greater returns. “Through our board, management and staff, we have an unparalleled passion and commitment...

  • Posted May 23, 2015
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  NSE index falls further

  The equities market closed on a negative note for the third straight session on Thursday as investor optimism continued to wane. The Nigerian Stock Exchange’s benchmark index, the All-Share Index, closed lower, shedding 73.7 basis points or...

  • Posted May 23, 2015
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  Banks to surpass Q1 positive outlook on back of new CRR policy

  Banks’ stellar performance in their first quarter outing despite headwinds may be consolidated and improved upon by the recent harmonisation of Cash Reserve Ratio (CRR) by the Central Bank of Nigeria, (CBN) analysts have said. With cumulative...

  • Posted May 23, 2015
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  Nigeria benefits $20bn FDI in 3 years

  Olusegun Aganga, minister of industry, trade and investment, said Nigeria benefited $20 billion of Foreign Direct Investment (FDI) in the last three years, making it Africa’s top destination for investment. Aganga said this at the public presentation...

  • Posted May 23, 2015
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  Stanbic IBTC Bank, Spanish institution sign finance deal

  Stanbic IBTC Bank and a leading business school in Spain, IE Business School, have signed a direct financing agreement to help people acquire relevant skills in entrepreneurship. A statement by the bank on Wednesday said the parties...

  • Posted May 23, 2015
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  Nigeria’s GZ Industries to buy Frigoglass glass operations for $225m

  Greek refrigerator maker Frigoglass has agreed to sell its glass business to Nigerian aluminum can producer GZ Industries for $225 million (202 million euros) in an effort to cut debt and focus on its cooler business, it...

  • Posted May 23, 2015
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  Economy threatened as fuel crisis worsens

  The current fuel crisis has assumed a frightening dimension in Lagos, Nigeria’s commercial capital, as nearly all filling stations in the metropolis have run out of petrol, in what could threaten the nation’s economy that depends almost...

  • Posted May 23, 2015
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  Shrinking space, regulation push brokers out of business

  Small scale brokerage firms in Nigeria risk extinction over their inability to generate substantial income to remain in business. They likewise face the hazard of tightening regulatory requirements, BusinessDay investigation reveals. Their plight becomes more dire, as...

  • Posted May 22, 2015
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