Crude oil, aviation fuel top import chart at Lekki deep-sea port
By Godwin Oritse Crude oil and other refined petroleum products dominated import activities at the Lekki Deep Sea Port in the first week of August, accounting for 1,867,712 metric tonnes of crude oil-based products brought into the country through the facility. Shipping documents obtained by Vanguard showed that petroleum products dominated imports through the Lekki Deep […]
De-Lords Securities sues Access Bank over N1.5bn margin facility
By Dotun Ibiwoye The effect of the meltdown in the capital market is gradually  surfacing, despite the return of the bullish trend in the market,  as a stockbroking firm, De-Lords Securities Limited has dragged Access Bank Plc to court for alleged breach of contract over a N1.5 billion margin facility granted it by the bank.
Equity trading on NSE dips by 30%
Michael Eboh A lull was recorded in equity trading on the Nigerian Stock Exchange (NSE), Monday, as trading on the shares of listed equities dipped by 29.6 per cent. Particularly, a turnover of 355.9 million shares valued at N2.95 billion was recorded in 11,058 deals in contrast to Friday’s turnover of 505.52 million shares valued […]
Cabotage: Slok partners Diamond bank on vessel acquisition
By Godfrey Bivbere The number of vessels in the nation’s fleet has been boosted with eight new additional ships recently acquired by Slok Nigeria Limited own by the immediate past Governor of Abia State, Chief Orji Uzor Kalu, in partnership with Diamond bank. The bank provided the company about N30,680,000.00 (US$260Million) with which it acquired […]
Etisalat introduces 9jillions promo
By Princewill Ekwujuru For 90 days, two phones will be given away every hour, even as a grand prize winner will be rewarded with $1 million, courtesy the 9jillion promo embarked upon by Etisalat Nigeria network. Steven Evans, Chief Executive Officer, Etisalat Nigeria revealed at the press conference to announce its rollout plans, said the […]
Panasonic enters market with environmentally friendly air conditioners
By Daniel Ailemen From its 2009 air-conditioner line-up, Panasonic said it has introduced into the Nigerian market an environmentally friendly air conditioner. The new product, the company said is a range of eco-inspired air conditioners which has combined aesthetics with environmental responsibility and performance. Mr. Bhojraj Rupani, Managing Director, Panaserv Nigeria Limited, marketer of Panasonic […]
