News - Business and Economy

FAAC meeting: Committee distributes N531.332 billion

4 years ago /

The Federation Account allocation committee has distributed 551.332 billion naira as statutory revenue for the month of February. 

Missing money: NNPC insists no money is missing

4 years ago /

The senate probe into alleged unremitted $49.8 billion continued on Thursday with the group-managing director of Nigerian National Petroleum Corporation, NNPC Andrew Yakubu saying no money is missing.  

Sansui’s case stalled

4 years ago /

The federal high court in Abuja has reserved hearing for March 19 in a case instituted by the suspended Central Bank of Nigeria governor, Sanusi Lamido Sanusi.

World stocks

4 years ago /

Nigerian equities market closed yesterday on a negative not as the all share index depreciated by 0.30%.

Sterling Bank Plc introduces the first biometrics enabled POS

4 years ago /

Sterling bank Plc has deployed Biometrics Enable Point of Sale (POS) terminals to its entire agent banking outlets in the country.

PTDF hopeful for research into the use of cow dungs as gas

4 years ago /

The Petroleum Technology Development Fund, PTDF, says it is committed to ensuring that Nigeria stamps its foot in areas of renewable and unconventional energy.

PETROLEUM MINISTER PROMISES TO MAKE PETROL AVAILABLE FOR ALL IN THE COMING WEEK

4 years ago /

Nigeria’s minister of petroleum resources, Dieziani Allison-Madueke has denied allegation of plans to increase the pump price of petroleum products by the ministry of petroleum.

STOCK MARKET REPORT

4 years ago /

Major world equity markets were mostly steady on Tuesday, the Euro edged down and Gold rose, as traders kept an eye on tensions between Ukraine and Russia and the pace of growth in China.

DANGOTE CEMENT PIONEERS FIRST 52.5 GRADE CEMENT IN AFRICA

4 years ago /

Dangote Cement Plc has commenced the production of 52.5 cement grade in the country making it the first manufacturer of this grade in Africa.

PTDF RESEARCHES THE CHAD BASIN FOR ITS OIL AND GAS COMMERCIAL VIABILITY

4 years ago /

Nigerian researchers are brainstorming in Abuja on the potential of petroleum resources in commercial quantity on the Chad basin.

STOCK MARKET REPORTS

4 years ago /

The equities market closed yesterday on a positive note as NSE, ASI appreciated by *0.57% to close at 39,172.76 basis points, compared with the appreciated of 0.02% recorded previously.

STAKEHOLDERS ON CONSUMER RIGHTS MEET TO DISCUSS ABOUT POOR TELECOMS SERVICE DELIVERY

4 years ago /

Nigerians dissatisfaction with telecoms service providers in the country is increasing by the day.

MISSING AIRCRAFT: SHARES OF MALAYSIA AIRLINES FALL

4 years ago /

Shares in Malaysia Airlines fell 18% to a record low as the search for a missing jet continued for a third day.

RICE SMUGGLING: TRADERS AND MILLERS CRY OUT

4 years ago /

Rice from neighbouring country Benin has continued to dominate Nigerian markets in recent years and this is having adverse effects on the sale of Nigerian brands.  

DANGOTE RECLAIMS TOP SPOT, MOVES TO NUMBER 23 IN WORLD'S RICH LIST

4 years ago /

Nigerian business tycoon, Aliko Dangote made history yesterday as the first black man to break into the rank of the top 25 richest people in the world with a wealth of $25 billion from $16.1 billion in 2013 according to the recent release of Forbes Magazine lists of richest people in the world.

NIGERIAN STOCK DEPRECIATES

4 years ago /

The Nigeria equities market closed today on a negative note as the all share index depreciated by 0.76%.

NEITI ACCUSES NNPC OF CONNIVING WITH FOREIGNERS TO DEFRAUD NIGERIA

4 years ago /

Executive Secretary of the Nigerian Extractive Industries Transparency Initiative, NEITI, Mrs. Zainab Ahmed, yesterday debunked claims credited to the Group Managing Director of Nigerian National Petroleum Corporation (NNPC) that there was no truth in the allegation that the corporation connived with some Swiss oil dealers to defraud the country of $6.8 Billion.

GLOBAL TRADE: AFRICA UNDERPERFOMS, CONTRIBUTES 3.5% IN 2012

4 years ago /

Africa has continued to underperform its growth and development potentials, parity due to its low trade volumes.

 

360 MILLION NEWLY STOLEN CREDENTIALS ON BLACK MARKET

4 years ago /

A cyber security firm said on Tuesday that it uncovered stolen credentials from some 360 million accounts that are available for sale on cyber black markets, though it is unsure where they came from or what they can be used to access.

HONDA NAMES FIRST FOREIGNER, FEMALE TO TOP MANAGEMENT

4 years ago /

Honda Motor Co (7267.t) named the first foreigner and first female to its all-Japanese, all-male roster of board members and operating officers on Monday, helping it catch up with rival Japanese carmakers in diversifying its executive ranks.