Saturday April 18th, 2015
Saturday April 18th, 2015
Latest

Return of foreign investors imminent on successful election – Operators

  /   in Business 12:41 am   /   Comments

naira-Dollar

Operators in the Nigerian capital market have said that foreign investors that have been exiting the stock market in droves in the last couple of months will find their way back to the market following a successful conduct of presidential election. They, however, cautioned the local investors against herd investment, saying that their coming back will possibly fuel unnecessary price increases.

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Kaku.com.ng launches in Nigeria to drive local pubs search

  /   in Business   /   Comments

Kaku.com.ng, a discovery website has launched in Nigeria.

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Nigeria loses N27bn to gas flaring

  /   in Energy   /   Comments

*Gas flare

BARRING other arrangements, Nigeria lost $133.716 million, about N26.743 billion to gas flaring in December 2014, as oil and gas companies in the country flared 20.11 per cent of their total gas production.

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Nigerian election will benefit African economy —AXA

  /   in Business   /   Comments

Idiroko-Market

Chairman and Chief Executive Officer of AXA Insurance, Mr. Jean-Laurent Granier has said the country’s free and fair election will help to boost the economy of the entire African continent. Though, Grainer said the insurance group does not wish to be political but believed that Nigeria exemplary election has assured the growth of its investment in the country.

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Doing Business Scorecard to challenge Buhari’s economy regime

  /   in Business   /   Comments

Sai-Buhari

As the president-elect, Mohammadu Buhari, gets ready to assemble his economic team so much worries appear in the horizon with the release of the Doing Business 2014 Report showing Nigeria much behind most of the West African economies in many important indices. Doing Business sheds light on how easy or difficult it is for local entrepreneur to open and run a small to medium sized business when complying with relevant regulations.

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NCAA erred by suspending our AOC —Discovery Air boss

  /   in Business   /   Comments

deltaplane

The Chairman of Discovery Air, Engr. Babatunde Babalola, weekend, said that the regulatory agency, the Nigerian Civil Aviation Authority, NCAA, was wrong to have suspended its Air Operator’s Certificate, AOC, in January this year following the alleged maltreatment of its passengers in December 2014. Rather, the airline said what NCAA ought to have done was to ground its operations pending when the issues were resolved.

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Buhari’s govt must discard neo-liberal economic system – Prof Ekpo

  /   in Business 12:52 am   /   Comments

Akpan-Ekpo_site

Akpan Ekpo, a professor of economics, is Director General, West African Institute for Financial and Economic Management (WAIFEM). He speaks on the need for the incoming Buhari’s administration to jettison neo-liberal economic framework used by the outgoing government.

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‘Court Cannot Determine DStv Tariff’

  /   in Business   /   Comments

1000-naira-notes

Early last week, I joined a social media discussion on the ruling of a Federal High Court in Lagos on the subscription fee increment announced by MultiChoice Nigeria Limited. The suit was filed two lawyers challenging what they consider as arbitrary increment in subscription rates imposed by MultiChoice Nigeria, operators of DStv and GOtv pay-TV platforms, on their subscribers.

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15b connected devices to be video enabled in 2020, Ericsson predicts

  /   in Business   /   Comments

slow-video-streaming

Ericsson’s Media Vision 2020 research has predicted that by 2020, there will be 50 billion connected devices, and of these, more than 15 billion are expected to be video enabled.

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Nigerians urge Buhari to revive the economy

  /   in Business 12:21 am   /   Comments

Solomon-Ogbonna-1

Before the Presidential election, Presidential candidate of APC, Muhammandu Buhari had been clamouring for change. Luckily he became the winner of the Nigerian Presidential election. Now Nigerians believe him to bring about the change long waited for, most especially reviving the economy and solving the issue of unemployment rocking the country down. Nigerians are praying and will be happy to see his campaign slogan ‘CHANGE’ begin to reflect on our national development. Even though he needs some time to design his economic blue print.

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‘How Buhari can develop economy, inflow of foreign investment’

  /   in Business   /   Comments

Sai-Buhari

While congratulating Nigeria and Nigerians for the monumental success of the nation’s presidential election that took place on March 28, 2015, the antecedent of the President-Elect, General Muhammadu Buhari as a tough minded leader may be a good thing capable of shaping a better future for Nigeria after-all. Both within and outside Nigeria, it is generally held that “the fear of Buhari is the beginning of wisdom”.

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Tanker drivers advocates stringent legislation for pipeline vandals

  /   in Business 12:23 am   /   Comments

File photo: Pipeline fire

The Petroleum Tanker Driver branch of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has advocated for a stringent legislation that will checkmate the activities of pipeline vandals across the country.

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How FG modernises farming, promotes mechanisation— Echono

  /   in Business 12:24 am   /   Comments

ECHONO

He does not come to you as an average Nigerian civil servant who commands enormous power as a Permanent Secretary. For Sonny Echono, the permanent secretary, Federal Ministry of Agriculture and Rural Development, humility is the hallmark.

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E-banking: Fresh concern over identity theft by cyber criminals

  /   in Business 12:31 am   /   Comments

crime-cyber

Mobile financial services are still high priority for many mobile operators, financial institutions, technology firms, and governments in most sub-Saharan African countries, including Nigeria. However, the growing fear of identity theft has stalled the otherwise progress that should have been recorded in that genre of financial transaction. Although the adoption of mobile banking has in no small measure made banking easier, identity theft by cyber criminals poses very serious challenges to bank officials and their customers.

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7 social media marketing lessons from 2015 Presidential election

  /   in Business   /   Comments

social-buhari

General Buhari probably didn’t have more money than the opposition. He banked more on his creativity and track record. Don’t assume that spending more money on offline advertising will increase your monthly turnover. According to experts, the time spent to reach 50 million users are-Radio: 38 years, TV: 13 years, Internet: 4 years, iPod: 3 years, Facebook: 2 years. Facebook ads display your products/services to a potential audience of 1 billion people and you can choose the demographics of your target audience.

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‘Why Nigerian consumers use multiple service providers’

  /   in Business   /   Comments

network-a

Despite the constant battle among mobile telecommunication operators for supremacy in the Nigerian market, consumers are still careful to use more than one service provider to meet their communication needs. However, according to an Accenture 2015 Digital Consumer Survey, this is not a popular trend around the world.

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Latest

Investors stake N279.12bn on 25.93bn shares in first quarter of 2015

  /   in Business   /   Comments

economy

Investors on the Nigerian Stock Exchange (NSE) staked N279.12 billion on 25.93 billion shares traded in 261,116 deals in the first quarter of 2015.z

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Latest

Top 10 performing stocks

  /   in Investors Forum 12:49 am   /   Comments

Nigerian-Stock-Exchange-(NS

On the top 10 performing stocks last week were the shares of Fidelity bank plc, National Aviation handling Company, NAHCo Plc, Zenith International Bank Plc, Oando plc, Guaranty Trust Bank Plc and United Bank for Africa, UBA Plc. The rest were International Breweries Plc, UACN Property Development Co. Plc, Glaxosmithkline Consumer Nig. Plc and National Salt Company, NASCON Plc.

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Lagos traders shun insurance policy, say operators not sincere

  /   in Business   /   Comments

insurance-pix

Despite heavy losses incurred by traders in Lagos in some recent major market fire outbreaks, many of the traders are still reluctant to insure their products and businesses, investigations by the News Agency of Nigeria (NAN) has indicated.

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Why SEC’s complaint framework may not work (2)

  /   in Investors Forum   /   Comments

File photo: The  floor of Stock exchange

THERE is a prevalence of poor attitude to customers’ complaints in the capital market. The experience of many investors in this regard is reflected in the email received from Investor Oyekunle, published in the last edition.

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Mansard gets top place in insurance sector

  /   in Business 12:56 am   /   Comments

motor insurance

Mansard Insurance plc’s outstanding performance has again been recognized as it was selected as one of the top quartile (first place in Insurance Category) of publicly listed Growth Strategy Leaders in Nigeria for the year 2015 awards season. This award honors “best of the best” growth companies listed on the Nigerian Stock Exchange in Nigeria and was presented by MSY Analytics, (a teaming partner and Nigerian representative of global research and growth consulting giant, Frost & Sullivan).

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European reinsurers post strong performances but growth limited – report

  /   in Business   /   Comments

insurance

The major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalised, with underwriting results that have been profitable owing to the absence of sizeable natural catastrophes and ongoing reserve releases. The reinsurers also show a continued focus on capital management, resulting in share buy-backs and increased dividend payments, as well as repurchasing and replacing existing hybrid debt.

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Latest

NCRIB charges incoming govt to give insurance deserved attention

  /   in Business   /   Comments

insurance-pix

The Nigerian Council of Registered Insurance Brokers, NCRIB, umbrella body of all insurance brokers in Nigeria has charged the in- coming government to ensure that insurance is given its pride of place in all strata of government operations. According to the NCRIB, no economy could develop without taken into cognizance the place of insurance and risk management.

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Latest

Research can lead to jobs, security

  /   in Business   /   Comments

Job-search

According to Prof. Peter Onwualu, if Nigeria invests in researchers and research institutions, she will join the league of successful nations. “Name any successful country and you discover that the bedrock of their success is research done by both government and private sector. The results of such researches actually fuel the economy. A country like China has used research to come up with new products it is exporting.

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Latest

Dangote, Saipem, seal joint venture agreement in Central, West Africa

  /   in Business   /   Comments

1000-naira-notes

Dangote Industries Limited has entered into a multi-million dollar Joint Venture agreement with Saipem, the Italian engineering and construction giant that will operate in Nigeria, Central and West Africa markets.

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Latest

CAP Plc unveils ‘Copper Orange’ as 2015 year colour

  /   in Business   /   Comments

house-painting-2

Chemical and Allied Products, CAP Plc, makers of Dulux brand of paint and the technological licensee of AkzoNobel has named ‘Copper Orange’ as the 2015 Colour of the Year. ‘Copper Orange’ was unveiled as the 2015 Colour of the Year in line with the AkzoNobel global tradition and the Dulux brand thought leadership positioning in the paint in Lagos.

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Latest

Zenith Bank set to boost retail banking

  /   in Business   /   Comments

Peter-Amangbo-MD-&-CEO-Zeni

Zenith Bank Plc, a quoted company on the Nigerian Stock Exchange, NSE has stated its readiness to deepen the retail space of the banking industry, using its high technology and innovative products. The bank over the years has used technology as one of its major advantages, to service its customers and deliver impressive returns to shareholders in the process.

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Latest

Operators renew call for CIS investment option

  /   in Business   /   Comments

Sectoral Distribution of Quantity Traded for Week Ending July 1, 2011.

Operators in the capital market have renewed their call for local investors, especially retail ones, to access capital using the Collective Investment Scheme, CIS, as an option. They noted that leveraging the collective investment scheme would reduce the level of exposure to risks and ensure that their investments are managed professionally.

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SEC out with new rules on capital market

  /   in Business   /   Comments

Tomatoes market

The Securities and Exchange Commission, SEC has released six new rules to the capital market as one of these rules is rule on trading in unlisted securities. Unlisted securities are those private and public companies’ shares that are not quoted on the Nigerian Stock Exchange, NSE. The unlisted securities seek to ensure that all securities of unlisted public companies are traded within securities exchanges that are registered with the commission.

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Stock markets hope earnings may offset weak economic data

  /   in Business   /   Comments

Market focus will shift from macro to micro next week, and investors betting on gains in stocks will hope coming earnings reports will be somewhat stronger than recent disappointing economic figures.

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Post-election: ICAN wary of undue pressure on naira

  /   in Business   /   Comments

Chidi-Ajaegbu-President-of-

We are more like a pressure group, if we advise government, send letters to them on what we think is the right way to and they decide not to accept our advise, there is automatically nothing we can actually do, advocacy is about participating in the policy making process ensuring good governance, we do not have power to insist that we feel is right should be implemented.But it is our responsibility to keep taking about what we think is right whether government accepts or not.

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Lagos, Abuja airports to be certified soon

  /   in Business   /   Comments

*Airport

Director General of the Nigerian Civil Aviation Authority of Nigeria (NCAA), Capt. Muhktar Usman has said that the Murtala Muhammed International Airport (MMIA), Lagos and the Nnamdi Azikewe International Airport, Abuja will soon be certified by the agency. Disclosing this development to newsmen during an interactive session, Capt. Usman pointed out that work at the two international airports were at advanced stages adding that as soon as the work were completed, the airports will be commissioned.

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