All posts tagged "headline"

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  AG Leventis earnings falter on stiff competition

  A.G. Leventis Plc’s full year net income dropped 62 percent last year after stiff competition and macroeconomic challenges continued to crimp growth prospect. Profit came in at N155.77 million in 2014, compared to N405.27 million the previous...

  • Posted May 17, 2015
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  Customs agents, NAHCO’s face-off deepens

  There seems to be no end in sight to the lingering crisis between the licensed customs agents and the Nigerian Aviation Handling Company over a 30 per cent increase in cargo handling and demurrage charges. Customs agents...

  • Posted May 17, 2015
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  We’ve no guideline on nuclear energy — NERC

  The Nigerian Electricity Regulatory Commission has said the talks between Nigeria and Russia’s Rosatom to build nuclear power plants in the country are ambitious but the nation does not have a specific framework for the generation of...

  • Posted May 17, 2015
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  Nigerian bond yields eye MPC

  Nigerian bond yields will take cue from the rate fixing meeting of the central bank on Tuesday. Traders said speculation over a possible reduction in the cash reserves ratio (CRR) on public sector deposits to 50 percent...

  • Posted May 17, 2015
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  FAAC: States, LGs share N388bn for April

  The Minister of State for Finance, Bashir Yuguda, on Friday, said N388 billion was shared among the federal, states and local governments as revenue for April 2015. Yuguda announced this in Abuja when he addressed newsmen on...

  • Posted May 17, 2015
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  Banks jittery over single account as Buhari takes over

  Nigerian lenders are jittery over the pending enforcement of the Treasury Single Account (TSA) of government by the incoming Buhari administration, BusinessDay interactions with operators have shown. The fear stems from the fact that the implementation of...

  • Posted May 17, 2015
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  Nigeria’s distributable revenues fall to lowest in 5 years

  Nigeria’s revenues distributable to the three tiers of government hit a five-year low in April, the accountant general Jonah Otunla said on Friday, due to frequent shutdowns of oil trunklines and export terminal pipelines. The total revenue...

  • Posted May 17, 2015
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  Nestlé hosts media workshop on nutrition

  In a bid to improve the reporting skills of media practitioners, Nestlé Nigeria is set to organise the fourth edition of Creating Shared Value Media Workshop, a statement from the company stated. According to the statement signed...

  • Posted May 16, 2015
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  Olam invests in local rice production

  Olam Nigeria Limited has unveiled plans to increase its stake in the rice industry as part of efforts to aid the realisation of the self-sufficiency and the job creation targets of the government. A statement from the...

  • Posted May 16, 2015
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  Presco Nigeria expansion drive pays off as earnings surge

  Presco plc, a Nigerian palm-oil producer, is reaping the benefits of aggressive expansion as it ended 2014 with a surge in profits. For the year ended December 2014, the company’s net income increased by 95.48 percent to...

  • Posted May 16, 2015
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