Thursday April 24th, 2014
Thursday April 24th, 2014
Latest

CeBIH calls for public support as cashless goes nationwide

  /   in Business 12:59 am   /   Comments

Finger-AtM

Committee of E-Banking Industry Heads (CeBIH) has called for public support and understanding for the cashless policy scheduled to go nationwide from July 1st.

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Cargo Information transmission delay worries customs

  /   in Business   /   Comments

Vessels discharging at Port Harcourt port

THE Nigeria Customs Service (NCS) may have decided to dump MTN, as providers of transmission services for clearing information in cargo delivery process.

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Commercial regulator: Stakeholders charge FG to speed up enabling law

  /   in Business   /   Comments

Sea-port

Stakeholders in the maritime industry have called on the Federal Government to speed up the process of legislating an enabling law to back the Nigerian Shippers Council, NCS, as the commercial regulator for the ports.

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Latest

Nigeria receives $23m to implement environmental projects

  /   in Business   /   Comments

*Once upon a time: Open defecation in Bauchi

Nigeria has so far received $23 million in four years from Global Environmental Facility (GEF) to implement climate change, biodiversity and land degradation projects.

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Latest

FG foot drags on implementation of new trade policy

  /   in Business   /   Comments

Despite assurances by the Federal government that it would change its trade policy from the present Free on Board, FOB, to Cost, Insurance and Freight, CIF, before the end of last year, there seem not to be light at the end of the tunnel.

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Latest

Wema Bank sustains profitability with N590m PBT in Q1

  /   in Business   /   Comments

Wema Bank has sustained its return to profitability in 2013 by recording profit before tax of N590 million in the first quarter of 2014.

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Latest

Apple to boost share buyback and split stock

  /   in Business 10:37 pm   /   Comments

IPAD/PHONE

Apple on Wednesday said that it plans to buy back an additional $30 billion worth of shares and split its stock.

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I want to be Africa’s leading IT service provider —Nkem Uwaje-Begho, MD, Future Software Resources

  /   in Business   /   Comments

Nkem's-pix-1-copy

A savvy information technology entrepreneur, Mrs.Nkem Uwaje-Begho wears a very humble, unassuming disposition that anyone would never presume her achievements and astonishing contributions towards advancing technology in Nigeria.

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Latest

‘NAICOM should restrict compulsory insurance where supervision is possible’

  /   in Insurance and You   /   Comments

Pensioners during a verification exercise.

IF the National Insurance Commission, NAICOM,hopes to achieve success in the implementation of compulsory insurance products, it should be restricted to areas where a need is generally felt and in sectors where supervision is possible at a reasonable cost, Managing Director of Niger Insurance Plc, Mr. Kola Adedeji, has said.

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Misplaced value system, driving unemployment in Nigeria — CBN

  /   in Business   /   Comments

The Director, South-South Entrepreneurship Development Centre of the Central Bank of Nigeria (CBN), Mr. Gbenga Owolabi, has lamented the high rate of unemployment in the country, blaming the situation on the abandonment of certain value systems.

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First Watch: Do our laws support our economic well-being?

  /   in Business   /   Comments

meter

There is a group of persons in Benin-City, Edo State who have staged protests about the low-level of power supply and the fixed charges paid by the customers of the Benin Electricity Distribution Company, BEDC. The group is the Benin Forum and it has carried its protests to the Edo State House of Assembly and the Edo State Governor, Mr. Adams Oshiomhole.

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Operators predict naira depreciation by year end

  /   in Business   /   Comments

1000-naira-notes

Financial analysts at Dunn Loren Merrifield (DLM) has said that the demand pressure in the foreign exchange market will occasion depreciation of the naira.

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Latest

NAICOM resolves N2.2bn insurance disputes

  /   in Business   /   Comments

The National Insurance Commission (NAICOM) says it assisted in settling insurance products disputes worth N2.2 billion in 2013.

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Master mariners express concern over incessant boat mishaps

  /   in Business   /   Comments

MASTER Mariners Association of Nigeria (MMAN) has expressed concern over the incessant boat accidents in Lagos and called for more regulation on water transportation in the state.

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Latest

Lafarge Wapco joins NSE’s high priced stocks

  /   in Business   /   Comments

The Nigerian Stock Exchange, NSE, has named Lafarge Cement Wapco Nigeria Plc among the highly priced stocks (blue chip stocks) on the Exchange following a recent review of prices of stocks quoted in the market.

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Latest

Insurers urge government to revive manufacturing sector

  /   in Insurance and You   /   Comments

car-park-1111

INSURANCE operators have called on the government to take concrete steps to revive the manufacturing sector, saying that the collapse of the textile industry in Nigeria is having huge negative impact on operations of insurance companies.

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Latest

The poor will benefit more from insurance – Adetimehin

  /   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

IMMEDIATE past President of the Chartered Insurance Institute of Nigeria, CIIN, Mr. Wole Adetimeh has urged Nigerians to stop using poverty as an excuse for shunning insurance.

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Latest

Cement producers petition Presidency over high cost of commodity

  /   in Business 1:14 am   /   Comments

Cement

Cement Producers Association of Nigeria (CPAN), weekend, petitioned the Presidency over the high cost of the commodity in Nigeria.

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Latest

Nigeria records reduction in rig count

  /   in Energy   /   Comments

*Oil rig

The diminishing foreign investment in Nigeria’s oil production occasioned by the non-passage of the Petroleum Industry Bill, PIB, has taken its toll on the number of rigs operating in the country.

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Latest

Top 10 performing stocks

  /   in Investors Forum   /   Comments

Unlike the Stock market, Forex trading is Online

On the top 10 performing stocks last week were shares of Honeywell Flourmills Plc, A.G Leventis Plc, Forte Oil Plc, Courteville Business solution Plc, University Press Plc sand R.T Briscoe Plc.

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Latest

E-payment is good but ….

  /   in Investors Forum   /   Comments

atm2

Electronic payment is very good. It makes life convenient and allows you to achieve more with less. I remember the long queues people go through just to pay for satellite T.V subscriptions. Now you can do the same thing from your mobile phone, from anywhere in the world.

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Latest

Single digit interest rate crucial for productivity, competitiveness

  /   in Business   /   Comments

NAIRaa

Lagos Chamber of Commerce and Industry, LCCI, has said that a single digit interest rate is the key to Nigeria’s private sector’s productivity and competitiveness in the regional and global market.

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Latest

WECO decries poaching of technology staff in Nigeria

  /   in Business   /   Comments

The knowledge gap currently being experienced in the Nigerian System Integration sector has been attributied to poaching of IT staff.

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Latest

63% households get below 5 hours electricity – Poll

  /   in Energy   /   Comments

Electricity-new

The level of deterioration in electricity supply in the country has manifested in the just released NOI Polls, which findings showed that an average of 63 percent of Nigerians (45 percent+18 percent) received less than five hours of continuous power supply daily.

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Latest

Marginal fields produce 2.26% of Nigeria’s crude

  /   in Energy   /   Comments

File photo

Marginal fields’ operators are yet to make significant impact on Nigeria’s crude oil production, as they accounted for 2.26 per cent of Nigeria’s total crude production in December 2013, dropping by 12.53 per cent from November’s crude production.

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Latest

FG explains fixed charges on electricity bills

  /   in Energy   /   Comments

Prepaid meters

The Federal Government has cleared the air over the misconception by electricity consumers on the Multi-Year Tariff Order, MYTO, saying that the amount has been benchmarked under a five year tariff arrangement.

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Latest

EKEDC targets 400MW embedded power supply

  /   in Energy   /   Comments

powerpix-new

Eko Electricity Distribution Company (EKEDC), said it was targeting 400 megawatts, MW, of embedded power supply to its consumers within the next one year.

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Latest

Non-passage of PIB threatens Nigeria content development

  /   in Energy   /   Comments

The non-passage of the Petroleum Industry Bill, PIB, by National Assembly has been viewed by industry players as a major threat to the growth and development of the Nigeria Content Act.

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Latest

Stop giving customers mutilated notes, CBN warns banks

  /   in Business 3:48 pm   /   Comments

1000-naira-notes

THE Central Bank of Nigeria, CBN has warned that it would no longer tolerate complaints from commercial bank customers over payment of mutilated notes whereas mint notes found their way to the black marketers who sell them out for spraying at social functions.

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Latest

Investors Speak:Shareholders explain why AGMs are sometimes rowdy

  /   in Investors Forum   /   Comments

shareholders

Annual General Meeting, AGM, is a platform where the Board of Directors of companies explains the activities and financial position of their companies for a particular financial year end to shareholders.

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Can new CEOs re-energise banking?

  /   in Business   /   Comments

x2x

The Nigeria banking industry is set to enter another era with the appointment of new chief executives by four banks. The banks are Access Bank Plc, Fidelity Bank Plc, Zenith Bank Plc and Skye Bank Plc.

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Latest

AfDB boosts climate change projects with N1bn fund

  /   in Business   /   Comments

*Gas flare

The African Development Bank (AfDB) has created a N1 billion fund to support climate change projects in African countries.

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