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Business

U.S. envoy lauds NSE’s performance

17 April 2014, 18:56

The U.S. Ambassador to Nigeria has lauded the management of the Nigerian Stock Exchange on its accountability and transparency standards.

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Customs seize goods worth N1.6bn in three months

17 April 2014, 18:05

Goods valued at N1.6 billion were seized by the Nigeria Customs Service in the first quarter of 2014.

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DMO to sell bonds worth N50bn

17 April 2014, 16:59

The Debt Management Office will on April 23 issue two tranches of Federal Government bonds totaling N50 billion to investors.

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Power firm promises prepaid meters in 18 months

17 April 2014, 16:03

Electricity consumers in Rivers, Bayelsa, Akwa Ibom and Cross River states would be provided with prepaid meters within the next 18 months.

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Nigeria loses N3bn in two days at Lagos ports

17 April 2014, 15:01

Not less than N3 billion was lost in two days by Nigeria Customs Service in three seaports in Lagos due to the breakdown of its server.

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Skye Bank appoints new boss

17 April 2014, 15:06

Timothy Oguntayo has been appointed as the new Group Managing Director and Chief Executive Officer of Skye Bank.

NSE moves 276.74m shares worth N3.6bn

17 April 2014, 15:06

Investors on the Nigerian Stock Exchange staked N3.60 billion on 276.74 million shares in 4 859 deals.

Lagos issues deadline to banks, telecoms to dismantle masts

17 April 2014, 13:50

The Lagos State Government has threatened to pull down communications masts made of hollow-pipes if their owners failed to replace them with galvanised steel masts by April 30.

External reserves rise to $37.9bn

17 April 2014, 12:44

Nigeria's external reserves stood at $37.91 billion as at April 15.

Presidency directs NPA to relocate tank farm owners

17 April 2014, 11:46

The Presidency has directed the Nigerian Ports Authority to relocate tank farms in Apapa to the hinterland.

Oil prices rise in Asian trade

17 April 2014, 08:00

Oil prices have lifted in Asian trade on lingering concerns over the Ukraine crisis, but analysts said a bearish US stockpiles report was dampening sentiment.

6 out of 10 homes had below 5 hours of eletricity a day

16 April 2014, 18:08

6 out of every 10 homes had less than five hours of daily electricity supply during the first quarter of 2014.

UAC partners meet in Lagos

16 April 2014, 17:02

UAC Restaurants Limited has scheduled April 25 for its Annual National Conference to review the business performance of its franchises in 2013

N641.3bn shared among FG, states, LGs in March

16 April 2014, 17:02

The sum of N641.4 billion was shared among the federal government, states and local governments as revenue for the month of March.

Power supply cripples businesses in Abuja

16 April 2014, 15:05

The continued shortfall in electricity supply in the Federal Capital Territory is adversely affecting economic and social activities of residents.

NSE All-Share Index grows by 0.59% in bullish trading

16 April 2014, 15:04

Transactions on the Nigerian Stock Exchange closed upbeat as major blue chip equities recorded price appreciations.

Stanbic IBTC, Goldman Sachs selected for Diaspora Bond

16 April 2014, 14:03

Stanbic IBTC Bank and Goldman Sachs have been appointed as advisers to the proposed federal government’s Diaspora Bond issue.

Rav4, Hilux recalled by Toyota

16 April 2014, 13:03

Toyota Nigeria has started the recall of the 2004-2005 Hilux and the 2005-2006 Rav4 vehicles from the market in order to replace a malfunctioning spiral cable.

5 million Nigerians to campaign against fake products

16 April 2014, 11:53

The Standards Organisation of Nigeria would recruit five million Nigerians into its newly inaugurated national coalition against fake products.

Fuel price hike imminent

16 April 2014, 10:51

The Federation Account Allocation Committee has taken a decision to remove petroleum subsidy in the country.

Oil prices mixed after weak China data

16 April 2014, 07:58

Oil prices have been mixed in Asia after Chinese economic growth slowed further in the first quarter of the year, while investors await the US supply report.

Inflation rate increased by 0.1 per cent last month

15 April 2014, 19:37

The country's inflation rate stood at 7.8 percent in March, 0.1 per cent higher than the 7.7 per cent recorded in February.

Ex – Jumia founders launch online grocery store

15 April 2014, 18:20

Jumia co-founders, Gbolahan Fagbure and Raphael Afaedor have launched a three hour online grocery delivery service that allows customers shop for groceries from leading supermarkets in Lagos.

Senate wants fixed tariff for terminal operators

15 April 2014, 17:19

The Senate Committee on Privatisation has directed the Nigerian Ports Authority (NPA) to introduce fixed tariff for terminal operators at the nation’s ports.

Private oil refineries deals collapse

15 April 2014, 16:07

Nigeria’s plans to engage private investors in the construction of new refineries to reduce the country’s dependence on importation of petroleum products have collapsed.

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