News - Business and Economy

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.

 

G20 SUMMIT TO ADDRESS HIGHER GDP GENERATION

4 years ago /

The world's top economies have embraced a goal of generating more than two trillion dollars in additional output over five years while creating tens of millions of new jobs, signaling optimism that the worst of crisis-era austerity was behind them.

 

Big story: New CBN governor

4 years ago /

Speculations were ripe since the last quarter of last year on who will step into the shoes of the embattled Central Bank Governor, Sanusi Samido Sanusi.

 

Sanusi reacts to his suspension, says he has no regrets

4 years ago /

In a swift reaction to his suspension, Central Bank Governor, Sanusi Lamido Sanusi in a telephone interview to CNBC Africa has responded and made it very clear that he is very proud of his achievements during his tenure. He also was emphatic in his stance that he won’t be going back to the job but that he would be challenging his removal in court.

 

Oil Block: Reps demand cancellation of agreements with Shell on OPL 245

4 years ago /

The Nigerian House of Representatives wants a revocation of the OPL 245 oil block granted to Shell.

 

Kerosene subsidy: Reps investigate payments from 2010 to 2013

4 years ago /

The controversy on whether or not there is kerosene subsidy continued on Tuesday as the Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu insists, there is a subsidy on the petroleum product.

 

Kerosene Pump price and the Nigerian people

4 years ago /

As the controversy over kerosene subsidy continues, some Nigerians who rely on the product for cooking say the price at which they buy the commodity cannot justify any subsidy on the product. Presently kerosene sells for between N110 and N150 per litre as against the NNPC advertised price of N50 PER litre.

 

Public Hearing on the amendment of AMCON begins

4 years ago /

Public hearing on the bill for the amendment of the Asset Management Company of Nigeria (AMCON) has commenced. 

 

Cost of doing business in the United States to increase

4 years ago /

Foreign banks are set to win only minor concessions when the Federal Reserve signs off on new capital rules next week, as they become increasingly resigned to the fact that the cost of doing business in the United States will go up.

President Goodluck Jonathan launches Nigerian Industrial Revolution Plan

4 years ago /

The federal government is to create 774 enterprise zones in all local government areas to boost small and medium scale enterprises.

Nigerians demand the passage of the Petroleum Industry Bill

4 years ago /

Against the backdrop of the controversial allegations of oil revenue diversion and counter-claims on the same issue between the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Corporation (NNPC), the Petroleum Industry Bill (PIB) is once again coming to the fore.