Business and Economy
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Decline in domestic, foreign participation on equities persist on local bourse
Foreign and domestic participation in equities trading at the Nigerian Stock Exchange (NSE) has continued on a downward trend as…
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Gov. Ugwuanyi: Why States should be involved in granting mining lease
Governor Ifeanyi Ugwuanyi of Enugu State has advised the Federal Government to intervene and compel companies with licenses or leases…
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Oando grew Q3 2016 revenue by 96% …As loss after tax drops by 25% to N35.9 bn
Oando Plc, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, announced unaudited results for…
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Revisit Special Status for Lagos bill, Ambode urges Senate …Says one percent allocation to State will benefit all Nigerians ….Senate’ll take a second look at bill, Yerima assures
Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday appealed to the Senate to revisit the bill seeking one percent allocation…
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Senate Committee hails Fayemi over improved revenue in mining sector
The Senate Committee on Solid Minerals Development has commended the Ministry of Mines and Steel Development for the improvement in…
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Ayade presents 2017 budget of N301B to House of Assembly
Cross River State Governor, Professor Ben Ayade Monday presented the 2017 Appropriation Bill of N301 Billion to the state House…
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Access Bank grows Q3 profit to N72bn
Access Bank Plc has announced an impressive profit of N72 billion for the nine months ended 30 September 2016 based…
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S/Korean firm to build 550 megawatts power plant in Cross River
A South Korean firm, Kingline Integrated Power Development Limited has expressed its readiness to build a 550 Megawatts gas fired…
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Guinness Nigeria’s new spirits business boosts first quarter revenue
Guinness Nigeria Plc Friday announced a revenue increase of 6% for the first quarter of its financial year ended 30…
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$2.6BN Badagry Deep Sea Port will be turning point for economic growth – Ambode …Says funding for 10-Lane Mile 2-Badagry highway expansion at advanced stage
Lagos State Governor, Mr. Akinwunmi Ambode on Thursday expressed optimism that the $2.6bn Badagry Deep Sea Port Project would be…
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NLNG, Navy commission co-funded Navy School hostel in Calabar
Nigeria LNG Limited (NLNG) and the Nigerian Navy recently commissioned a public-private partnership funded hostel at the Nigerian Navy Secondary…
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I can’t be distracted, Fayemi tells Ekiti Assembly ……says allegations are mere fabrications
The Minister of Mines and Steel Development, Dr Kayode Fayemi, has said he would not be distracted by the childish…
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Prof. Akintunde Akinwande denies rejecting Buhari’s job; Says he’ll honor Senate screening for NERC Chairmanship after clearance from his University
Prof. Akintunde Ibitayo Akinwande, nominated for the Chairmanship of Nigerian Electricity Regulatory Commission (NERC), says he will honour an invitation…
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MDGs: Sokoto disburses N31m to 775 beneficiaries
Sokoto State Government said it has disbursed N31 million to 775 beneficiaries under its Conditional Cash Transfer project of the…
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Adeosun hosts IMF Director, Says FG is committed to infrastructure development
The Minister of Finance, Mrs. Kemi Adeosun on Wednesday told the visiting Director, African Department of the International Monetary Fund…
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Senate Gas Committee visits NLNG’s Bonny plant
The Chairman Senate Committee on Gas, Senator Bassey Albert Akpan has promised that his committee will do all in its…
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Firm to build 300km transmission line in Cross River
The quest by the Cross River State Government to have uninterrupted power supply especially in the Calabar metropolis by December…
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Africa’s 5th largest economy: We’ll soon set up economic team – Ambode … Says it’s important to globalize State’s economy …Lagos, good example of how to run an economy without oil – Sanusi
Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday expressed delight at the emergence of Lagos as the fifth largest economy…
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Nitel/Mtel: Creditors report liquidator to FRCN, PACAC
Creditors have dragged the appointed liquidator for Nitel/Mtel, Otunba Olutola Senbore, before the Financial Reporting Council of Nigeria, FRCN, and…
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ISAN elects new National Coordinator…As Sir Sunny Nwosu congratulates successor
For the first time in the history of Nigerian shareholders’ group, the Independent Shareholders Association of Nigeria (ISAN), has recently…
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Nestle helps Media to discuss improvement in creative nutrition reporting
On October 19, 2016, Nestlé, the largest Nutrition, Health and Wellness Company in the world, organised another edition of Nutrition…
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SNEPCo MD bags special HSSE achievement award
Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, has bagged the special achievement award of the…
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Guinness Nigeria appoints Egerton-Shyngle as new Commercial Director
Guinness Nigeria, manufacturers of alcoholic and non- alcoholic beverages such as Guinness Foreign Extra Stout and Orijin have announced the…
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Anchor Insurance records 14 per cent investment growth in 2015; Floats Employee Loss of Employment Insurance Scheme
Dennis Udoma Anchor Insurance Company Limited has announced a growth rate of 14 per cent as investment income for 2015.…
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Access Bank raises US$300m Eurobond from International Market
Leading financial institution, Access Bank Plc has successfully raised US$300 million via a Eurobond from the international bond market. The…
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