Sunday October 26th, 2014
Sunday October 26th, 2014
Latest

FG ready to declare power transition market

  /   in Energy 12:22 am   /   Comments

Electricity-new

After being postponed for a number of times, the Federal Government has indicated strong readiness to declare the commencement of the Transitional Electricity Market, TEM.

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Why investors should have diversified investment

  /   in Investors Forum   /   Comments

1000-naira-notes

Regulators and investment experts in the Nigerian capital market have been advising investors especially the retail ones to have their investment diversified.

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Value addition to customers critical to business success

  /   in Investors Forum   /   Comments

economy

Speakers at the Stanbic IBTC Holdings Business Leadership Series held in Lagos have emphasised the role of listening to and creating value for customers in building any successful business venture.

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Top 10 performing stocks

  /   in Investors Forum   /   Comments

Nigerian-Stock-Exchange-(NS

On the top 10 performing stocks last were shares of 7-Up Bottling Company Plc, Ikeja Hotels Plc, Mansard insurance plc, Golden Guinea Breweries Plc, Academy Press Plc and UPDC Real Estate Investment Trust Plc.

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NECA set to establish micro-finance for women’s business

  /   in Business   /   Comments

naira money

Nigeria Employers Consultative Association, NECA’s Network of Entrepreneurial Women, NNEW, weekend said it planned to set up a Micro Finance before the end of January 2015, to cater for the business needs of women without asking for collaterals.

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Nipco identifies workers as key to success

  /   in Energy   /   Comments

refinery-7

Nipco Plc, an integrated indigenous operator in the nation’s oil and gas industry, has identified its staff as a key component in its success story since it commenced commercial operations in 2004.

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Why Afren CEO was sacked

  /   in Energy 12:54 am   /   Comments

dollars

Facts have emerged that failure by the Chief Executive Officer, CEO, of Afren Plc, Mr. Osman Shahenshah, to report the company’s $400 million payment to Oriental Energy Resources, OER, may have led to his sack.

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Coordinated approach critical to financial education for entrepreneurs – Experts

  /   in Business   /   Comments

entrepreneurs

Financial experts have said that a coordinated and integrated approach is critical in the provision of financial education for entrepreneurs.

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BDCs appeal to CBN for increased forex sale

  /   in Business   /   Comments

Bureaux De Change in the country has appealed to the Central Bank of Nigeria (CBN) for an increase in the weekly sale of foreign exchange to each operator.

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The Basic Guide to Starting your Business Part 2

  /   in Business   /   Comments

market-2

One might wonder the importance of knowing what is not business, but this is necessary because you need to know the kind of business you should not go into, and businesses that are prohibited by law. Not every business is a genuine one and I will be taking you through a list of businesses you must not be found doing.

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Registrars Institute advocates transparency in information mgt

  /   in Business   /   Comments

Nigerian-Stock-Exchange-(NS

Registrars in the capital market have been advised to devise acceptable ways of managing information flows to investors in a transparent manner as it is key to boosting investors’ confidence.

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Traffic forces LCCI to retain Trade Fair at TBS

  /   in Business   /   Comments

The Lagos Chamber of Commerce and Industry, LCCI, has said it will retain the Tafawa Balawa Square (TBS) as venue for the 2014 Lagos International Trade Fair, due to traffic gridlocks on the Mile 2 and Lagos Badagry Expressway axis.

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Bureau De Change owners beg CBN to increase forex from $15,000 to $50,000

  /   in Business 7:35 pm   /   Comments

naira-Dollar

The Association of Bureau De Change of Nigeria (ABCON) has appealed to the Central Bank of Nigeria (CBN) for an increase in weekly sale of foreign exchange from $15,000 to $50,000.

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EcoBank’s Rapid Transfer (1)

  /   in Business   /   Comments

atm2

For a bank operating over 746 branches and offices in about 30 African countries, the capacity to drive a truly continental financial product should not be a problem.

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Problems crippling manufacturing in Nigeria, by Ibikunle, IPWA Plc MD

  /   in Business   /   Comments

Tella Sulaimon Ibikunle

Power infrastructure has been a major challenge facing Nigeria’s economy, even as privatisation of the power sector is yet to yield the desired result to resolve perennial electricity shortage in the country. Currently, the power generation capacity stands at between 4,000 and 5,000mega watts, which is quite insufficient for a population of over 160million. To further improve power supply and sustainability, the Federal Government has approved N3.9billion for power transmission infrastructure.

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Green Revolution in Africa: How to make banks listen to farmers, by World Bank chief

  /   in Business   /   Comments

From left: Dr. Ademola Braimoh with Dr. David Ameyaw and Dr. James Kinyangi at the press briefing heralding the launch of the 2014 African Agriculture Status Report by the Alliance for a Green Revolution in Africa (AGRA) held at the Africa Union building, Addis Ababa, Ethiopia.

The Alliance for a Green Revolution in Africa (AGRA) recently released its annual African Agriculture Status Report which focused on climate change and climate-smart agriculture at the 2104 African Green Revolution Forum held in Addis Abba, Ethiopia.

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Security at Port Harcourt Airport is water tight – Okoye

  /   in Business 12:06 am   /   Comments

airport-ebola

The South-South/South-East regional General Manager, Federal Airports Authority of Nigeria, FAAN, Mrs Ebele Okoye, has assured passengers that the Port Harcourt international airport has adequate security contrary to belief that the airport has porous security. This is coming just as she affirmed that the remodeling of the airport will be completed soon.

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Glo empowers leaders of tomorrow with Glo Mobile Tutor device

  /   in Business 8:55 pm   /   Comments

*Students of Ajangbadi Junior High School, Iba

Innovation is a tool that brings changes and growth to every aspect of human race and if it’s embraced socially, academically, economically etc. development becomes the order of the day.

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FG to halt importation of petroleum products by 2018 — Aganga

  /   in Business   /   Comments

Black market thrives as fuel scarcity hits Lagos. Photo: Bunmi Azeez

The Federal Government will halt the importation of petroleum products into the country in the year 2018.

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Agriculture: Key to Africa’s development

  /   in Business   /   Comments

farm-1

CHIJI Ojukwu, Director of the AfDB’s Agriculture and Agro Industry Department, reflects on the importance of agriculture as the African Development Bank’s commemoration of the Africa Year of Agriculture and Food Security, began recently in Abidjan.

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World Bank to scale up Nigeria’s E-Wallet system across Africa

  /   in Business   /   Comments

Akinwunmi Adesina

THE World Bank has promised to scale up Nigeria’s agricultural policy on Electronic-Wallet, E-Wallet, system in Africa, including India, Brazil and China in order to encourage best agricultural practices.

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Products Certification: SON threatens to shut defaulting manufacturers

  /   in Business   /   Comments

Fake goods from China being offloaded for destruction

Standards Organisation of Nigeria (SON) has threatened to shut manufacturers that fail to comply with the required product certification under its Mandatory Conformity Assessment Programme, MANCAP.

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New ATM charge: Sterling Bank deploys additional ATMs to protect customers

  /   in Business 12:50 am   /   Comments

atm2

Sterling Bank has announced the deployment of additional ATM points nationwide with a view to protect its customers from the effect of the reintroduction of the ATM charge of N65 by the Central Bank of Nigeria (CBN) on Remote-on-Us ATM transactions.

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CBN warns bank directors on corporate governance practices

  /   in Business   /   Comments

Mr Godwin Emefiele answering questions  during his screening by the Senate for  Central Bank Governorship in Abuja on Wednesday

The Central Bank of Nigeria (CBN) has warned bank directors that they would henceforth face the consequence of poor corporate governance in the banks.

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We will help to push NIMASA’s projects through — Zainab Kure

  /   in Business   /   Comments

Zainab-Kure's-pix

The Senate Committee on Marine Transport last week visited Delta State to inspect facilities at the Warri Port and on-going projects initiated by the Nigerian Maritime Administration and Safety Agency (NIMASA) in Okoloba and Ekerenkoko where members also inspected the NIMASA’s Science and  Technical College, the proposed shipyard and Maritime University in Ekerenkoko in Gbaramatu

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Officers’ arrest: Freight forwarders commend CG, call for more action

  /   in Business   /   Comments

Sea-port

Freight forwarders have commended the Comptroller General of Customs, Dikko Abdullahi, for his impromptu visit to Tin-can Inland Command which resulted in the arrest of two Customs officers on Monday.

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Customs asks agents to update cargo declaration

  /   in Business   /   Comments

Vessels discharging at Port Harcourt port

The Apapa Area Command of the Nigeria Customs Service, (NCS) has called on Customs agents to update their cargo declaration in order to perfect the Pre-Arrival Assessment Report (PAAR) system.

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Corporate Trustee vows to protect investors’ wealth in capital market

  /   in Business   /   Comments

naira-Dollar

The Association of Corporate Trustees, ACT, has vowed to continuously protect the wealth of investors in the Nigerian capital market.

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Compulsory listing: Nigeria to lose N5tr tax revenue

  /   in Business   /   Comments

Nigerian-Stock-Exchange-(NS

Nigeria may lose N5 trillion in tax revenue if the Bill seeking to compel private companies to list on the stock exchange is passed by the National Assembly.

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Africa transformation depends on infrastructure —AfDB

  /   in Business   /   Comments

Africa

The African Development Bank Group (AfDB) has called for stronger emphasis on infrastructure by African leaders saying that the big challenge is that Africa invests only four percent of its collective GDP in infrastructure, compared with China’s 14 percent.

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Yuzos e-supermarket lights up Abuja

  /   in Business   /   Comments

supermarket

Residents of Abuja, the Federal Capital Territory are now saving themselves the cost of visiting Supermarkets as a new improved online store, www.yuzos.com began operation on Wednesday to deliver products such as groceries, drinks, household, personal and baby care products as well as over the counter pharmaceuticals through an innovative supplier management and logistics architecture right to people’s homes and offices.

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Heritage Bank completes payment to acquire Enterprise Bank

  /   in Business 9:18 pm   /   Comments

QUEUE AT AUTOMATIC TELLER MACHINES (ATM)  AT IKORODU IN LAGOS

Heritage Bank Limited Wednesday completed the payment of N56 billion to acquire Enterprise Bank.
Enterprise Bank is one of the three nationalised banks bought by Asset Management Corporation of Nigeria (AMCON) in 2011, following the failure to meet the recapitalisation deadline of the Central Bank of Nigeria. The other banks are Mainstreet Bank and Keystone Bank.

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