Thursday October 23rd, 2014
Thursday October 23rd, 2014
Latest

Political institutions, entrepreneurship responsible for poverty alleviation- Aig-Imoukhueede

  /   in Business 12:14 am   /   Comments

Agboje-Aig-Imoukhuede

The President, National Council of the Nigeria Stock Exchange, Mr. Aigbije Aig-Imoukhuede, said that political institutions and entrepreneurship are the two major factors responsible for the alleviation of poverty in the country.

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Fashola blasts banks over branch locations, unfair labour practices

  /   in Business   /   Comments

Babatunde Raji Fashola

Governor of Lagos State, Mr. Babatunde Fashola has accused banks of unfair labour practices, and disregard for the state physical planning laws in the construction of their branches.

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UNIDO, PIND sign pact on poverty reduction in the Niger Delta

  /   in Business   /   Comments

povertypix1

The United Nations Industrial Development Organization, UNIDO and the Foundation for Partnership Initiatives in the Niger Delta, PIND have signed a Memorandum of Understanding on poverty reduction through productive activities in the Niger Delta.

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Africa’s richest woman to expand banking empire to Namibia

  /   in Business 8:55 pm   /   Comments

Isabel dos Santos

Africa’s richest woman, Angolan Isabel dos Santos, is set to spread her banking empire into neigbouring Namibia, after a banking licence was approved by the country’s central bank.

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Abuja-Kaduna rail line to be delivered by Dec —FG

  /   in Business   /   Comments

A moving train on the 68 percent completed railway track of the Abuja - Kaduna fast train project launched by Vice President Namadi Sambo in Abuja on Thursday

Federal Government has said that the construction of Abuja (Idu)-Kaduna Standard guage rail line is 85 percent complete and would be delivered by December this year.

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Fashola to speak on insurance , pensions

  /   in Insurance and You   /   Comments

Babatunde Raji Fashola

The National Association of Insurance Correspondents (NAICO) in conjunction with the Lagos State Government is organizing a public lecture on insurance and pensions industry in Nigria.

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MyAutoGenius.com, a revolution in Nigeria’s insurance industry — Venia Group

  /   in Insurance and You   /   Comments

insurance-pix

Chief Executive Officer (CEO) Venia Group, Mr. Kola Oyeneyin, has described Nigeria’s first online insurance comparison platform, MyAutoGenius.com as a revolution in Nigeria’s insurance industry.

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Insurance crucial to economic growth — SEC boss

  /   in Insurance and You   /   Comments

economy

Director-General of the Securities and Exchange Commission, SEC, Ms Arunma Oteh has described insurance as absolutely essential to the transformation of the Nigerian economy and the capital market.

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What the next governor of Lagos State should do for us (2)

  /   in Business   /   Comments

Electricity-new

We started our wish list for the next governor with power supply at the top of the list last week. Power supply and water supply somehow go together as we have never had enough of either of them. We have always had the sun to get us this far.

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CIS predicts transactions in NASD OTC to hit N100bn

  /   in Business   /   Comments

Alluvial Trade and Development Company Limited (Alluvial), a Nigerian integrated agriculture company has signed a memorandum of understanding with the Buhler Group for the design, manufacture and installation of a five tone per hour rice mill at Ibil –Ogoja, Cross River State.

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Firms sign MoU on N6bn rice production in Cross River

  /   in Business   /   Comments

ricepix-new

Alluvial Trade and Development Company Limited (Alluvial), a Nigerian integrated agriculture company has signed a memorandum of understanding with the Buhler Group for the design, manufacture and installation of a five tone per hour rice mill at Ibil –Ogoja, Cross River State.

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Pensioners tackle PTAD over delayed payment of arrears

  /   in Insurance and You   /   Comments

Pix: 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

There are strong indications that pensioners under the Defined Benefit Scheme, DBS, who have been waiting since 2006 for their arrears to be paid, will have to wait till next year for it to be allocated in 2015 budget.

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FG mobilises $14.1bn to support real sector, says Okonjo-Iweala

  /   in Business 8:46 pm   /   Comments

Okonjo-Iweala

The Minister of Finance, Dr Ngozi Okonjo-Iweala, says the Federal Government has moblised 14.1 billion dollars to support the real sector of the economy.

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Nigeria, sub-Saharan Africa, account for 30% global oil discoveries

  /   in Energy   /   Comments

Africa

Almost 30 percent of global oil and gas discoveries made over the last five years were in sub-Saharan Africa, reflecting growing global appetite for African resources, the World Energy Outlook Special Report said.

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India to pay Iran $500m next week

  /   in Energy   /   Comments

Indian refiners will pay $500 million to Iran next week, the second installment in an interim deal that allows Tehran to recover part of overseas frozen oil revenues that are payments for oil it has sold, two industry sources said in Friday.

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Minister tasks Abuja Disco on power supply

  /   in Energy   /   Comments

electricity

The Minister of Power, Prof. Chinedu Nebo, has charged the Abuja Electricity Distribution Company, AEDC, to urgently address the epileptic power supply in the entire Federal Capital Territory, FCT, Abuja and its environs.

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Structural engineers give recipe to stem collapse of buildings

  /   in Business, Homes & Property   /   Comments

building-collapse2

Deeply worried by ncidents of collapse of buildings across the country the Nigerian Institution of Structural Engineers, a division if the Nigerian Society of Engineers NSE, has called on the three tiers of governments to engage the services of the qualified structural engineers in all their construction projects.

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Before you choose a bank

  /   in Investors Forum   /   Comments

BANK

Investigations have revealed that many people have a casual attitude when it comes to deciding on which bank to deal with. Like marriage relationship, banking relationship can make or mar an individual or a business entity.

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Nigeria earns N69bn from LPG sales

  /   in Energy   /   Comments

Offshore gas facility

Nigeria earned about N68.957 billion from lifting Liquefied Petroleum Gas, LPG, for both export and domestic consumption in 2013, the Nigerian National Petroleum Corporation, NNPC, has revealed.

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Lagos flags off energy academy

  /   in Energy   /   Comments

Lagos-Oil

Lagos State Governor, Babatunde Fashola, has formally commissioned the Lagos Energy Academy, to groom electricity professionals while inducting the first batch of its students.

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FG signs MoU with 3 power companies

  /   in Energy   /   Comments

*The Federal Government has failed on its promise to achieve the target of 6,000 Mega Watts (MW) of electricity generation last December

The Federal Government has signed Memoranda of Understanding, MoU, with three power firms – 3D Hitech System Ltd, SEPCOIII Electric Power Construction Corporation, and CGC Nigeria Ltd, with a view to boosting generation, distribution, and supply in Nigeria.

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FG ready to declare power transition market

  /   in Energy   /   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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