Wednesday December 17th, 2014
Wednesday December 17th, 2014
Latest

Why Ibeka deep sea port construction is delayed

  /   in Business 12:07 am   /   Comments

ship

The delay in the commencement work on the proposed Ibeka deep sea port, Akwa Ibom, has been attributed to the long distance away from the site of the project which is about 200km from the sea.

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Oil resumes decline, falling toward $64, oversupply weighs

  /   in Business   /   Comments

Oil-Report

Oil resumed its downward move on Thursday, falling towards $64 a barrel and within sight of a five-year low, pressured by signs that already ample supply will be even more plentiful in 2015.

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Naira depreciation will slow growth of the maritime industry

  /   in Business   /   Comments

1000-naira-notes

Managing Director/ Chief Executive Officer of Accepters Nigeria Ltd., Alex Peters, has said that the free fall of the nation’s currency will slow down the growth of the maritime industry.

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SME funding: Expert urges banks to de-risk sector

  /   in Business   /   Comments

SME funding: Expert urges banks to de-risk sector

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LCCI faults mandatory listing of companies on NSE

  /   in Business   /   Comments

By Naomi Uzor

The Lagos Chamber of Commerce and Industry, LCCI, has faulted the proposed mandatory listing of companies under the Private Companies Conversion and Listing Bill, saying, the Bill would do the business environment in the country no good.

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PPMC begs Nigerians to avoid panic buying of fuel

  /   in Business 12:51 pm   /   Comments

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

The Pipelines and Products Marketing Company (PPMC) on Thursday said that fuel would readily be available across the nation during the yuletide.

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Emefiele cautions against panic over naira devaluation

  /   in Business   /   Comments

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

Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has cautioned against panic decisions in response to the recent devaluation of the naira.

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Elumelu unveils $100m entrepreneurship programme

  /   in Business   /   Comments

naira-Dollar

Chairman of Heirs Holdings and founder of the Tony Elumelu Foundation, Mr. Tony Elumelu, has launched a $100 million program to support and promote entrepreneurship across Africa.

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N1.6bn vessel contract: NLNG to build dockyard in Nigeria

  /   in Business   /   Comments

gas1

Nigeria Liquefied Natural Gas (LNG) Limited, yesterday, announced plans to build a new dockyard in Nigeria, for the maintenance of its vessels as well as vessels of other operators in the oil and gas and maritime sectors.

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AfDB, AUC to produce Africa Regional Integration Index

  /   in Business   /   Comments

1000-naira-notes

The African Development Bank (AfDB), the African Union Commission (AUC) and the United Nations Economic Commission for Africa (ECA) have joined forces to produce an Africa Regional Integration Index.

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Expert says delay in budget presentation, passage not healthy for economy

  /   in Business 9:38 pm   /   Comments

budget2014

Mr Okechukwu Unegbu, a former President, Chartered Institute of Bankers of Nigeria (CIBN), on Wednesday said that delays in the passage of Federal budget was not healthy for the nation’s economic development.

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NCC clamps down on 4 telecoms firms

  /   in Business   /   Comments

Nigerian-tech-start-ups

The Nigerian Communications Commission (NCC) on Wednesday clamped down on four telecoms companies for engaging in illegal usage of spectrum frequency.

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We help people live drug-free—Expert

  /   in Business   /   Comments

Laetitia

Dr. Laetitia Adaudu is a medical doctor, trained by the University Hospital College, Ibadan, and has a Master of Public Health from the University of Lagos. She has worked with the Nigerian Military hospital, Lagos, as well as with the United Nations as a National Consultant, and as a Programme Officer with the European Union PRIME, an Immunization project. Recently, she established the Rose SHARON Healthy Living Centre in the beautiful heartland of Jos from where Vanguard had this chat with her.

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NSE champions integration of financial literacy

  /   in Business   /   Comments

File photo: The  floor of Stock exchange

The Nigerian Stock Exchange, NSE said it has taken the lead to champion the integration of financial literacy in Nigeria, just as Miss Onuh Chiamaka Sophie from Nikkyt High School, Aba, Abia emerged as winner of the 2014 NSE essay competition.

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When you can access your retirement savings account

  /   in Insurance and You   /   Comments

*One of the protester Mr. Felix Adewale Balogun, Chairman Shomolu Local Government Education Authority bin cary out, during  A Protest by Nigeria Union of Pensioners, Lagos state, on non payment of Pensioners arrears and gratuities by Lagos state Government, at Lagos House, Alausa, Ikeja. Photo: Bunmi Azeez

The Contributory Pension Scheme, CPS, seeks to, amongst others, ensure that every worker receives his retirement benefits as and when due.

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Stakeholders intensify efforts to boost insurance awareness

  /   in Insurance and You   /   Comments

insurance-pix

In recent times, stakeholders in the insurance industry have taken various steps to enlighten the public on the workings and benefits of insurance.

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Odua retired staff decry non-payment of pension

  /   in Insurance and You   /   Comments

The aged and retired staff of Odua Printing Ltd, a subsidiary of Odua Investment Ltd has decried non-payment of their pensions appealing to the company to save them from dying in suffering.

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Nigerians want FG to partner South Korea on electricity, transportation

  /   in Business 11:04 pm   /   Comments

President Goodluck Jonathan

Nigerian civil servants had urged the Federal Government to partner with South Korea on electricity and transportation to ensure effective and efficient power supply and transport system in the country.

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Shareholder berates SEC over CMC composition, associations’ multiplicity

  /   in Investors Forum   /   Comments

Unlike the Stock market, Forex trading is Online

The General Secretary of Independent Shareholders Association of Nigeria, ISAN, Mr. Adebayo Adeleke, has condemned the Securities and Exchange Commission, SEC, over non-inclusion of investors the its Capital Market Committee, CMC.

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DPR goes tough with independent marketers over standards

  /   in Energy   /   Comments

NNPC Mega Filling Station now selling at N138 per litre in Abuja yesterday.

The Department of Petroleum Resources (DPR) has warned of its resolve to de-register petroleum retail outlets that fail to meet up with standard requirements in 2015 just as it would be strict on enforcing regulatory standards on the sales and storage of petroleum products.

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Independents account for gas reserve portfolio of 46trn — DPR

  /   in Energy   /   Comments

Gas-energy

Nigerian independents oil companies account for the nation’s gas reserve portfolio of 46 trillion cubic feet, TCF, the Director, Department of Petroleum Resources, Mr. George Osahon said.

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FG signs MoU on 1,000MW power plant in Katsina

  /   in Energy   /   Comments

electricity-NIGERIA

The Federal Government has signed a Memorandum of Understanding, MoU, for the construction of a 1,000 megawatts (MW) power plant in Katsina State with Strancton Limited.

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Power: FG reiterates commitment to tackling technical challenges

  /   in Energy   /   Comments

Electricity-new

The Federal Government has inaugurated the Head office of the National Power Sector Apprenticeship Scheme, NAPSAS, in Abuja. The scheme was designed to train artisans to bridge the technical gap of workforce in the power sector.

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Capital market crash:NSE defends tight regulation

  /   in Business   /   Comments

IN a bid to prevent another crash of the Nigerian capital market, the Nigerian Stock Exchange, NSE, weekend said the regulators introduced tight regulatory regime which had led to increased investor confidence and recovery of some money lost by investors during the global financial meltdown.

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N15bn cement import levy for manpower training — Dangote

  /   in Business   /   Comments

Aliko Dangote

CEMENT Technology Institute of Nigeria (CTIN), said yesterday, it is set to start using the N15 billion cement import levy for manpower development in the industry and related fields.

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Nigeria woos Japan on recycling vehicles

  /   in Business   /   Comments

Innoson-cars

Nigeria is seeking Japanese Government help in recycling huge and disused vehicular carcass that littered the country’s landscape.

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Oil drops $2 to five-year low on oversupply

  /   in Business, News   /   Comments

Fuel-dispenser

Brent crude oil fell more than $2 a barrel yesterday to a new five-year low on predictions that oversupply would keep building until next year after Organisation of Petroleum Exporting Countries, OPEC, decided not to cut output.

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When you are not satisfied with your bank (4)

  /   in Investors Forum   /   Comments

Mobile Money

You were dissatisfied with the service of your bank. You made a verbal complaint, the issue was not resolved. And as advised in the last edition, you have written a formal letter of complaint to the management of the bank, with copies to the CBN and NDIC. But you have not received any response. What should you do next?

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Top 10 performing stocks

  /   in Investors Forum   /   Comments

Nigerian-Stock-Exchange-(NS

On the top 10 performing stocks last week were shares of Mansard Insurance Plc, Academy Press Plc, Royal Exchange Assurance Plc, P.Z Industries Plc, Ikeja Hotels Plc and Evans Medicals Plc.

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Naira devaluation: What shareholders think

  /   in Investors Forum   /   Comments

1000-naira-notes

Following the devaluation of the naira by the Central Bank of Nigeria, CBN, Shareholders in this interview speak on how it will impact on their investment especially in terms of dividend. Excerpt:

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UNEP Report: Host communities demand transparent implementation

  /   in Energy   /   Comments

Following the recent resolve by the Federal Government to clean-up Ogoniland after three years that the United Nations Environmental Programme, UNEP, submitted its report, the Host Communities Network of Nigeria, HOCoN, has demanded transparency in the implementation of the restoration exercise.

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Vocation & technical education: Key to improving nigeria’s development (1)

  /   in Business 12:36 am   /   Comments

*Some of the items donated to graduates of the centres.

Technical education is a planned programme of courses and learning experiences that begins with exploration of career options, supports basic academic and life skills, and enables achievement of high academic standards, leadership, preparation for industry-defined work, and advanced and continuing education.

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