Tuesday October 21st, 2014
Tuesday October 21st, 2014
Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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