Thursday October 30th, 2014
Thursday October 30th, 2014
Latest

2015: OPEC sees little output change, says don’t panic

  /   in Business 1:06 am   /   Comments

opec

OPEC’s oil production is unlikely to change much in 2015 and there is no need to panic at the crude price drop, OPEC’s secretary general said yesterday, adding to indications the exporter group is in no hurry to cut output.

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Why Sterling Bank pioneered lending via social media — Igbodo

  /   in Business   /   Comments

Money-pix-(igbodo)

Social Lender is a social media based banking product introduced by Sterling Bank. It allows customers of the bank to access cash loans via social media websites like the Facebook. In recognition of the pioneering status of the product, Sterling Bank was recently awarded “The Most Innovative Bank” by the Nigerian Telecoms Award. In this

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AFC secures N16bn facility for infrastructure devt in Nigeria, others

  /   in Business   /   Comments

1000-naira-notes

The Africa Finance Corporation, AFC, has secured a $100 million, about N16 billion, long term loan facility from the United States of America’s (USA) development finance institution, the Overseas Private Investment Corporation (OPIC), and the global investment banking leader, J.P. Morgan to support infrastructural development in Nigeria and other countries in the African continent.

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Chinese ambassador backs plan to convert Nigerian foreign reserves from dollars to Yuan

  /   in Business 6:26 pm   /   Comments

naira-Dollar

The Chinese Ambassador to Nigeria, Mr Gu Xiaojie, has expressed support for the plan by the Central Bank of Nigeria (CBN) to convert more of the country’s 39 billion dollar foreign reserve to Yuan.

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Why political violence occurred in Edo —Oshiomhole

  /   in Business   /   Comments

Comrade Adams Oshomole

BENIN—Governor Adams Oshiomhole of Edo State yesterday, at a town hall meeting in Benin City, gave reasons the state was witnessing political violence in recent times, saying he was happy to offload Pastor Osagie Ize-Iyamu and other All Progressives Congress, APC, leaders who defected from the party to the Peoples Democratic Party, PDP.

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CBN pegs banks’ foreign loans to 75% of shareholders funds

  /   in Business   /   Comments

Emefiele

The circular titled “Prudential regulation for the management of foreign exchange risks of banks”, was signed by Mrs. Tokun Martins, Director, and Banking Supervision.

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Achievement is about Time Management — Chief Dr. Mrs. Onikepo Akande at 70

  /   in Business   /   Comments

Akande-pix-1

In spite of a career that has spanned the better part of five decades, Chief Mrs. Onikepo Akande (OON, CON) hardly shows any sign of slowing down. Now that she is 70, it seems hardly likely that this will happen soon.

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Oando grows PAT by 110%, pays N2.4 bn dividend

  /   in Business   /   Comments

Yomi Awobokun ( L) , CEO, Oando Marketing PLC providing product information on the 3kg OGAS cylinder, a plug and play cooking gas stove aimed at switching low income households from dirty fuels, to the Senator Magnus Abe ( M) led Joint Committee on Petroleum Resources (Downstream), Finance and Appropriation during a facility tour of the  Oando Marketing Terminal in Apapa, Lagos.

OANDO Plc has declared a dividend of N2.4 billion for its shareholders for the financial year ended December 31, 2014.

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Latest

FG grants energy firms N20bn waivers

  /   in Energy 2:25 am   /   Comments

Electricity-new

The Federal Government granted about N19.662 billion in waivers and exemption to energy firms in the country in five months, between January and May 2014.

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Ghana to cut gas import from Nigeria

  /   in Energy   /   Comments

gas tanks

Ghana has announced plans to significantly reduce the quantity of gas it purchases from Nigeria in the next couple of months through increased local gas production.

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Power supply: Instability suffocates polymer industries

  /   in Energy   /   Comments

*A major power grid

The incessant poor electricity supply experienced over time in Nigeria has left polymer industries in comatose, Mr. Joseph Imanah, National President of Polymer Institute of Nigeria, PIN, said.

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Before you choose a bank (2)

  /   in Investors Forum   /   Comments

BANK

Service should be the first factor to be considered before choosing a bank. It should start with the banking services your need. You have to be clear about what you need. The banking needs of a student are different from that of a petty trader, or that of a manufacturing company.

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Otti tasks banks on support for manufacturing sector

  /   in Investors Forum   /   Comments

Alex Otti

The former Group Managing Director/CEO of Diamond Bank Plc, Mr. Alex Otti, has charged financial institutions in the country to show more support to the manufacturing sector by developing more products that will adequately provide capital to the entrepreneurs.

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Rights group condemns neglect of host communities

  /   in Energy   /   Comments

*Oil Vandals

An international organisation, Global Rights, has slammed the Federal Government over the Mineral and Mining Act by not protecting and providing basic amenities for host communities.

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Latest

Vandalism can increase risk in oil price instability — NAPE

  /   in Energy   /   Comments

*Oil Vandals

The Nigerian Association of Petroleum Explorationists, NAPE, has called for stricter sanctions on oil vandals, if the target in production of crude in the country has to be met.

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NERC gives Discos ultimatum to meter customers

  /   in Energy   /   Comments

Nigerian Electricity Regulatory Commission, NERC, has given the distribution companies, Discos, two weeks within which to provide electricity consumers whose meters are yet to be delivered months after payment with the products.

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FG inaugurates committee on Ogoniland

  /   in Energy   /   Comments

OIl spill

The Federal Government has established a Multi-stakeholder Consultative Committee aimed at fast tracking the environmental restoration of Ogoni land, as proposed in the United Nations Environment Programme, UNEP Report.

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Why investors should have diversified investment (2)

  /   in Investors Forum   /   Comments

economy

Investment diversification is a good strategy for investors who want to make steady returns in the financial markets.

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Oil prices: Save for rainy days, expert tells govt

  /   in Energy   /   Comments

A refinery

The impact of the falling oil prices may not be felt much on the Nigeria economy, if the government imbibed saving culture, said Mr. Bekuochi Nwawudu, the Director of CBO Capital, a Lagos-based investment advisory and project development.

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Latest

Senate to adopt $78 oil benchmark for 2015 fiscal year

  /   in Business, News 10:38 pm   /   Comments

CRUDE-OIL

The Senate is set to adopt the proposed 78 dollars as the country’s oil price benchmark for 2015 fiscal year.

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UN Chief announces $8bn to reduce poverty in 8 countries in Africa

  /   in Business   /   Comments

Ban Ki-moon

UN Secretary-General, Ban Ki-moon, on Monday, announced a new eight billion dollars development initiative to reduce poverty and boost business activities in eight countries in Africa.

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N4.7bn fraud: Babalakin’s firms ask court to quash charge

  /   in Business   /   Comments

*Babalakin

Two companies owned by Wale Babalakin — Stabilini Visioni Ltd and Bi-Courtney Ltd — on Monday asked an Ikeja High Court to quash the N4.7 billion fraud charge preferred against them.

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Market capitalisation dips by N81bn

  /   in Business   /   Comments

shareholders

Transactions on the Nigerian Stock Exchange (NSE) opened lower on Monday as the market capitalisation depreciated by N81 billion or 0.63 per cent following the losses recorded by major capitalised stocks.

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The Basic Guide to Starting Your Business Part 3

  /   in Business   /   Comments

market-2

 By PETER OSALO WHAT IS NOT BUSINESS? Often time people engage in all sort of shady deals and call it business. This should not be, because any act/trade that is not genuine and is to the detriment of others cannot be called a business, especially if it doesn’t fall within the confines of the law

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First women MfB debuts as APWB holds annual dinner

  /   in Business   /   Comments

The first Women Microfinance Bank (WMfB) will make its debut soon, said Association of Professional Women Bankers (APWB), while announcing plans to hold its 2014 annual dinner.

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WIMBIZ holds 13th annual conference

  /   in Business   /   Comments

The Women in Management, Business and Public Service, WIMBIZ, is set to hold its 13th annual conference aimed at examining the possibilities and opportunities in Nigeria while providing insights on the roles of citizens, particularly women, in achieving the identified prospects.

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CIS targets entertainment industry to boost capital market, economy

  /   in Business   /   Comments

The Chartered Institute of Stockbrokers, CIS has declared that it is targeting the entertainment industry as a catalyst to boosting the Nigerian capital market and economy.

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Jovago.com records 5,000 personally verified hotel listings in Nigeria

  /   in Business   /   Comments

Jovago.com, Nigeria’s online hotel booking platform has reported a huge increase in hotel listings on its website.
In a statement, the hotel booker said it has now verified 5,000 hotels in Nigeria in just one year.

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Enterprise Bank: Heritage Bank pledges bigger, innovative organisation

  /   in Business 6:34 pm   /   Comments

dead-bank

Heritage Bank Limited has said that its acquisition of Enterprise Bank will produce a bigger and more innovative organisation.

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Why my business is going online —Emmy Collins

  /   in Business   /   Comments

Emmy-collins

London-trained, Nigerian designer turned blogger, Emmy Collins, is a fashion designer who has carved a niche for himself within and outside the country with his fashion brand. In this chat with Esther Onyegbula he talks about, how it all started, why he decided to take his craft to the next level with the e-commerce platform, his new online store and other sundry issues.

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CASE FOR LEGALISATION OF ILLEGAL REFINERIES: We can make petrol sell below N97 per litre – Titi Governor

  /   in Energy   /   Comments

oil-suspects

Activities of operators of illegal refineries have been blamed for the drastic drop in crude oil production. Illegal refining and crude theft have grown beyond the Niger Delta. To stop the trend, several billions of Naira has been expended to secure pipelines and fight oil bunkerers.

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Skills, experience position you to perform well in business — Nnadi

  /   in Business 1:37 am   /   Comments

satmos

For Dr. Fon Nnadi, Managing Director, Scodex Health Services Limited, herbs provided by God for human consumption and cure is still the best way for healthy living. Genesis 1:29, Änd God said, behold, I have given you every herb bearing seed, which is upon the face of all the earth and every tree, in which is the fruit of a tree yielding seed; …to you it shall be for meat.”

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