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

Infinix takes to e-commerce for quality service delivery

  /   in Business 12:54 am   /   Comments

infinix-d

Infinix Mobility has taken to marketing its Infinix ZERO mobile device on e-commerce, saying it is already paying off. The company has sold about 20,000 units of the device within three weeks, after its launch in Nigeria two months ago.

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Latest

Diamond Bank appoints Uzoma as CEO

  /   in Business 10:44 pm   /   Comments

Uzoma Dozie

The Board of Dia-mond Bank Plc, has announced the appointment of Mr. Uzoma Dozie as Managing Director/Chief Executive following the voluntary resignation of Dr. Alex Otti, from the bank Friday. The appointment of Uzoma is subject to the approval of the Central Bank of Nigeria (CBN).

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Latest

Ebola.com domain sold for big payout

  /   in Business   /   Comments

A seller of bananas walks past a slogan painted on a wall reading "Ebola" in Monrovia on August 31, 2014. Liberia on August 30, 2014 said it would deny permission for any crew to disembark from ships at the country's four seaports until the Ebola epidemic ravaging west Africa was under control. AFP PHOTO

The owners of the website Ebola.com have scored a big payday with the outbreak of the epidemic, selling the domain for more than $200,000 in cash and stock.

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Why we need Biosafety law in Nigeria — farmers

  /   in Business   /   Comments

farm-1

The President of the All Farmers Association of Nigeria (AFAN), Arc. Kabiru Salman did not mince words when he told the gathering at the national Assembly last week that Genetically Modified Organism (GMO) will take his members away from subsistence farming to commercial farming.

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Private sector investments in sugar sector hit N500bn — FG

  /   in Business   /   Comments

Harvesting sugar cane for use in the production of bioethanol.

Nigeria has attracted and commenced the implementation of over N500billion private sector investments in the sugar sector under the Nigeria Sugar Master Plan.

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Latest

FG moves to establish $390m agro industrial town

  /   in Business   /   Comments

Agric-plaintain

Federal Government has concluded plans to establish an Agro Industrial Town, AIT, at Alape Staple Crop Processing Zone, SCPZ , Kogi State.

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Latest

Nigeria loses N21.6 trn to piracy in three years

  /   in Business   /   Comments

File Photo: Nigerian Navy

FOLLOWING the increased activities of the pirates in the nation’s coastal and territorial waters, Nigeria lost a total of N21.6 trillion to the sea robberies in three years.

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Glo takes mobile money to Sokoto, Katsina, others

  /   in Business   /   Comments

Mobile Money

Hundreds of participants are being expected to throng the Katsina, Sokoto, Ebonyi and Ekiti state venues of the Glo Xchange agent-recruitment exercise that is presently going around the country.

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Latest

MAN Group decries registration bid by wines importers

  /   in Business 7:26 pm   /   Comments

wine

THE Ethanol Manufacturers Association of Nigeria (EMAN) has objected strongly to the registration bid at Corporate Affairs Commission (CAC),by Wines Marketers and Producers Association of Nigeria, (WMPAN) saying, the attempt by the group connotes setting up a parallel body in the sector.

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Latest

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

  /   in Business   /   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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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Latest

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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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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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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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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Latest

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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