Business

Improvement in economic indicators points to Nigeria’s stabilisation — UBA boss

Improvement in economic indicators points to Nigeria’s stabilisation — UBA boss

Group Managing Director of United Bank for Africa (UBA) and Chairman of the Body of Bank CEOs in Nigeria, Oliver Alawuba, has outlined a blueprint for building a resilient Nigerian economy, calling for deliberate policies and stronger collaboration across the public and private sectors to transform economic stability into inclusive prosperity. Alawuba made the call […]
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Industrial unrest looms in the ports over wage

Industrial unrest looms in the ports over wage

THERE are indications that aggrieved Dockworkers may shut down the nation’s ports any moments from now over perceived refusal of the terminal operators to review upward their wages since June 2010 when the subsisting conditions of service elapsed.

Expert decries capital market instability

Expert decries capital market instability

A finance and investment analyst, Dr. Martin Oluba, has blamed the continued stagnancy and instability in the Nigerian capital market on lack of proper research and analytical tools used by the authorities of the market, stockbroking firms and other stakeholders.

Power reforms: Engineers demand  professionalism

Power reforms: Engineers demand professionalism

For successful sail through of the current power sector reforms, the Nigerian Institution of Electrical and Electronics Engineers, NIEEE, demands that professionals be involved in every unit of the sector.

Promo: UBA rewards winners

Promo: UBA rewards winners

In a bid to appreciate its customers the United Bank for Africa Plc (UBA) in collaboration with the Moneygram has rewarded its Nigerian customers who emerged as winners in the just concluded UBA Moneygram Promotion.

GSK repositions, relaunches Ribena in PET bottle

GSK repositions, relaunches Ribena in PET bottle

As parts of efforts directed towards repositioning and boosting acceptability of its products, Glaxo SmithKline Consumer Nigeria Plc, a quoted entity on the Nigerian Stock Exchange (NSE) has relaunched Ribena Blackcurrant drink in a new PET bottle.

State of Nigeria’s external reserves worrisome – CIPM  president

State of Nigeria’s external reserves worrisome – CIPM president

The President and Chairman of Council of the Chartered Institute of Personnel Management of Nigeria, Mr. Abiola Popoola, has said that the state of the country’s economy and external reserve were worrisome. Mr. Popoola, who was returned unopposed as the President and Chairman of the institute, spoke at the the 42nd Annual General Meeting of the institution, in Lagos.

86 oil wells: Attah denies  signing agreement with Rivers

86 oil wells: Attah denies signing agreement with Rivers

FOLLOWING the Supreme Court judgment of Friday, March 18 ordering Akwa Ibom State to transfer to Rivers State, 86 oil wells with revenues that accrued from the wells from April 2009 to date, former Governor of the state, Obong Victor Attah, has denied ever entering into or signing any agreement ceding the oil wells to Rivers State.

‘Small scale enterprises can drive the economy’

‘Small scale enterprises can drive the economy’

What is the role of small and medium-sized enterprises in the economy and how can their prospects be boosted? Mr. Eric Idogun, a public administrator, in an attempt to answer the question, speaks about SMEs important role. According to Idogun, the managing director of Pepperoni Foods Ltd, who is also involved in the oil servicing sector, large-scale businesses are not the main drivers of economic activity but rather small and medium-sized enterprises. Idogun says unemployment has been a concern in Nigeria , but SMEs have the capacity to employ a large labor force.