All posts tagged "headline"

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  No payment deadline extension – BPE tells power investors

  The Bureau of Public Enterprises has said it will not extend the Wednesday deadline for the payment of the outstanding 75 per cent of the bid prices for 15 successor companies of the Power Holding Company of...

  • Posted August 21, 2013
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  Capital market gains N4.2tn in one year

  The equities section of the Nigerian Stock Exchange has been on a steady rise in the last one year, leading to a total appreciation of N4.6tn as of Monday’s closing. The steady climb in the market, which...

  • Posted August 21, 2013
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  Thailand to help Nigeria in rice, cassava production

  Thailand is to help Nigeria to improve the local production of rice so as to reduce the importation of the commodity and to add value to cassava production. The Deputy Prime Minister and Minister of Foreign Affairs,...

  • Posted August 21, 2013
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  Fashola urges Nigeria-Russia collaboration on railway development

  Lagos state governor, Babatunde Fashola has canvassed for mutual collaboration between Nigeria and Russia in the development of rail transportation saying it was the only way to safeguard and guarantee long life span for roads and highways...

  • Posted August 21, 2013
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  Labour Union demands 15% employee contribution in pension amendment

  The Vice President, Nigeria Labour Congress, Isa Aremu, has said that the group is demanding a total contribution of 15% from employers, towards employees’ pension plan. While discussing the proposed amendment of the 2004 pension act on...

  • Posted August 21, 2013
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  GTBank announces 2013 half year audited results, reports profit before tax of N57.36billion

  Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2013 to the Nigerian and London Stock Exchanges. A review of the June 2013 result shows positive performance across all...

  • Posted August 20, 2013
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  Foreigners have invested $5.11b in FG bonds as at December – DMO boss

  Director-General of the Debt Management Office (DMO), Dr. Abraham Nwankwo, at the weekend urged Nigerian companies to take full advantage of the agency’s modest achievements in management of the nation’s public debt and awareness created about the...

  • Posted August 20, 2013
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  $200m debt: AMCON finally takes over Aero; gets new MD, board

  Indications at the weekend were that the Assets Management Corporation of Nigeria (AMCON), has assumed ownership of Aero Contractors, the nation’s oldest surviving and second largest airline over debts estimated at about $200 million (about N32 billion)....

  • Posted August 20, 2013
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  ALSCON to transfer 360MW electricity to national grid

  The Aluminium Smelter Company of Nigeria has said it will transfer 360MW of electricity to the national grid as part of its support for the development of the nation’s power sector. The company, which said Nigeria currently...

  • Posted August 20, 2013
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  Lending: CBN simplifies collateral requirements for SMEs

  The Central Bank of Nigeria has unveiled plans to simplify the collateral requirement for lending to Micro, Small Medium-Scale Enterprises. This move, according to the Director, Development Finance Institution, CBN, Mr. Paul Eluhaiwe, will enable the MSMEs...

  • Posted August 20, 2013
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