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All posts tagged "nigerian economy"

  • IT experts gather to discuss economic impact of internet

    Sponsored by Google Nigeria and supported by the Lagos State Innovating Council, Mobile Monday Nigeria will tomorrow (Monday) in Lagos gather Information Communications experts to discuss the economic impact of internet in the Nigerian market. Accordingly, the...

    • Posted September 30, 2013
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  • Honeywell flour Mills Plc declares full year profit of N2.84bn

    Honeywell Flour Mills Plc has recorded a profit after tax of N2.844bn for the full year ended March 31, 2013. This represents an increase of six per cent over the N2.7bn recorded in the similar period of...

    • Posted September 25, 2013
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  • External reserves not declining – CBN

    Contrary to the recent drop in the value of the nation’s external reserves, the Central Bank of Nigeria on Monday dismissed claims that the reserves were experiencing sharp decline, adding that the current value of $46bn showed...

    • Posted September 11, 2013
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  • Fast food contributes N200bn to economy annually – AFFCON

    The Association of Fast Food and Confectioners of Nigeria, AFFCON, an umbrella body of Quick Service Restaurants, QSR in Nigeria, said it contributes an annual revenue of N200 billion into the growth of the economy. AFFCON among...

    • Posted September 1, 2013
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  • FG committed to boosting non-oil exports – Jonathan

    President Goodluck Jonathan has reaffirmed his administration’s determination to do all within its powers to facilitate and encourage the rapid diversification of Nigeria’s economy. The president stated this in Abuja at the send-forth ceremony of the outgoing...

    • Posted August 26, 2013
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  • GTBank, AFC, Mainstream sign $170m deal to finance Kainji Power

    Guaranty Trust Bank Plc, NSE and multilateral financial institution, Africa Finance Corporation, AFC, have provided a US$170 million (N27.2 billion) facility to Mainstream Energy Solutions Limited Consortium, MESL, for the acquisition of Kainji Power station, one of...

    • Posted August 5, 2013
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  • 130m Nigerians generate own electricity – NOI Polls

    About 81 per cent or 130 million Nigerians, out of the about 160 million Nigerians, generated their own electricity through alternative sources to compensate for irregular power supply, according to the result of a series of Power...

    • Posted July 25, 2013
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  • Interest rates cannot crash to single digit – Sanusi

    GOVERNOR of the  Central Bank of Nigeria, CBN Mallam Sanusi Lamido Sanusi has said there is need to re-visit the re-designing of the Naira to shore up the Nigerian economy. Also, the CBN Governor said the Excess...

    • Posted July 18, 2013
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  • Privatisation: FG to earn $2.6b from sale of 15 power firms

    By the time the new core investors pay the balance for the 15 privatised Power Holding Company of Nigeria (PHCN) successor companies, the Federal Government’s coffer is expected to swell by $2.6 billion. Ambassador Nuhu Audu Bajoga,...

    • Posted July 13, 2013
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  • Oil thievery is adversely affecting Nigeria’s economy – Shell

    The Managing Director of Shell Petroleum Development Company (SPDC), Mutiu Sunmonu has warned that continuous oil theft and pipeline vandalism in the Niger-Delta will continue to have adverse effects on the nation’s economy. Sunmonu, who made this...

    • Posted July 9, 2013
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