Business Archives - Page 11 of 16

Afreximbank, finance professionals to meet on structured trade finance

August 26, 2017admin Comment

The African Export-Import Bank’s (Afreximbank) says it is committed to boosting African trade by enhancing the capacity of African professionals on international trade [...]

NUPENG condemns move to whittle down NAPIMS’s powers

August 25, 2017admin Comment

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has condemned the move to whittle down the regulatory powers of the Nigerian [...]

Zungeru’s $1.29b power project ready in 2020

August 23, 2017admin Comment

The $1.29 billion Zungeru hydroelectric power plant project will be completed in 2020, Mr Xiao Nie, Deputy Project Manager, CNEEC-Sinohydro Consortium, the Chinese [...]

Globacom sues EFCC over fraud investigation

August 23, 2017admin Comment

Globacom Limited has filed summons against the Economic and Financial Crimes Commission ( EFCC ) at the Lagos State High Court, Igbosere, seeking [...]

FAAC July revenue drops to N387.31b

August 23, 2017admin Comment

The revenue shared yesterday to the federal, state and local governments from the Federation Account for July dropped by N183.26 billion from the [...]

Customs impounds Army camouflage in Lagos

August 22, 2017August 22, 2017admin Comment

The Kirikiri Lighter Terminal Command of the Nigeria Customs Service has intercepted a 40ft container of plain Army camouflage uniforms along and arrested [...]

Stock market capitalisation rises by N130 billion in positive trading

August 22, 2017admin Comment

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday improved by N130 billion following gains posted by some highly capitalised equities. The News [...]

CORRUPTION FIGHTS BACK IN NAHCO PLC

August 22, 2017August 22, 2017admin Comment

The Economic and Financial Crimes Commission, EFCC is on collision course with the Board and Management of Nigeria Aviation Handling Company Plc over [...]

CBN, SEC consider universal licence for stockbrokers

August 21, 2017admin Comment

Nigeria’s apex financial services regulators have started discussions on a new framework that will expand the scope of operations and allow brokers and [...]

CIBN to induct 1034 new members

August 21, 2017admin Comment

1034 new members would be inducted by the Chartered Institute of Bankers of Nigeria (CIBN) this week, Aug. 26. The institute said the [...]

Lagos commends Sterling Bank’s STEM initiative

August 19, 2017August 19, 2017admin Comment

Sterling Bank’s sustainability campaign known as Sterling Environmental Makeover (STEM), has been commended for being in line with the Lagos State government vision [...]

Vandals hurting the economy, environment – NNPC

August 19, 2017admin Comment

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has appealed to oil pipeline vandals to desist from [...]

Lagos reviews tax policy

August 19, 2017admin Comment

The Lagos State Internal Revenue Service has announced a review of its tax policy to identify contentious areas with a view to improving [...]

Senate recovers N120b, summons firms over revenue scam

August 19, 2017admin Comment

The Senate Joint Committee on Customs, Excise and Tariff and Marine Transport, has summoned more companies after it had recovered N120 billion from [...]

Revenue Loss: Senate gives Dana, others 48hour ultimatum

August 18, 2017admin Comment

The Senate Joint Committee on Customs, Excise and Tariff and Marine Transport has directed Dana Group and 12 other companies, allegedly involved in [...]

NSE market capitalisation increases by N208bn

August 18, 2017admin Comment

Transactions sustained positive trend on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation growing by N208 billion amid gains by [...]

Total invests $10b in Nigeria’s oil sector

August 17, 2017admin Comment

Mr. Nicolas Terraz, the Managing Director and Chief Executive, Total Upstream Companies in Nigeria, said the companies invested over $10 billion in the [...]

FG not eager to sell refineries – Kachikwu

August 17, 2017admin Comment

The Federal Government, Thursday, said that it’s not ready to sell or concession any of its four refineries in whole or in part, [...]

Afreximbank opens shareholding to investing public

August 10, 2017admin Comment

Supranational trade finance bank, African Export-Import Bank (Afreximbank), says it is opening its shareholding to the investing public with a 300 million dollars [...]

Nigeria loses N11trn to corruption in power sector

August 9, 2017admin Comment

Nigeria has lost N11 trillion to corruption in the power sector since 1999, a university lecturer, Dr Yemi Oke, said on Wednesday in [...]

Breaking News! Respite for 7 banks as FG seeks out-of-court settlement over TSA

August 8, 2017August 8, 2017admin Comment

The Federal Government has filed a notice of discontinuance of the suit it filed against seven commercial banks seeking the remittance of the [...]

Ortega now world’s second richest

August 2, 2017admin Comment

Founder of Zara, Amancio Ortega, has mysteriously become the second riches person in the world, edging out Jeff Bezos. According to Forbes, Ortega’s [...]

Foreign investors pump N86b into Dangote Cement

August 2, 2017admin Comment

Dangote Industries had a roaring time yesterday on the Nigerian Stock Exchange (NSE), selling 410 million shares of Dangote Cement valued at N86.1 [...]

Africa’s largest rice mill opens

August 2, 2017August 2, 2017admin Comment

The Federal Government’s diversification programme yesterday received a boost, with Acting President Yemi Osinbajo commissioning Africa’s largest parboiled rice mill in Argungu, Kebbi [...]

Lamorde cautions on use of credit card for air tickets

August 1, 2017admin Comment

THE Police Special Fraud Unit (SFU) yesterday advised air travelers against using credit cards for the purchase of air tickets to avoid being [...]

‘Govt hopes on Dangote Refinery to end fuel import’

August 1, 2017admin Comment

The Federal Government is waiting on the completion of work on Dangote refinery to fulfil its promise to Nigerians to end fuel importation [...]

Foreign investors jostling to buy over 9Mobile, says Minister

July 31, 2017admin Comment

Many foreign investors are jostling to buy over telecomunication firm 9 Mobile (formerly Etisalat) from which Mubadallah recently pulled out, Minister of Comunications [...]

Royal Dutch Shell Chiefs dump petrol cars for electric

July 31, 2017admin Comment

When the boss of Royal Dutch Shell, Ben Van Beurden says his next car will be electric, it says a lot about the [...]

TSA: Govt saves N4b bank charges monthly

July 31, 2017admin Comment

The Treasury Single Account (TSA) policy has enabled the Federal Government to save N4billion monthly from charges that banks collected on its numerous [...]

Sterling, Fidelity: we’re not involved

July 21, 2017admin Comment

Two of the banks – Fidelity and Sterling – last night defended their integrity, saying they were not involved in any TSA deal. [...]

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Business

Afreximbank, finance professionals to meet on structured trade finance

NUPENG condemns move to whittle down NAPIMS’s powers

Zungeru’s $1.29b power project ready in 2020

Globacom sues EFCC over fraud investigation

FAAC July revenue drops to N387.31b

Customs impounds Army camouflage in Lagos

Stock market capitalisation rises by N130 billion in positive trading

CORRUPTION FIGHTS BACK IN NAHCO PLC

CBN, SEC consider universal licence for stockbrokers

CIBN to induct 1034 new members

Lagos commends Sterling Bank’s STEM initiative

Vandals hurting the economy, environment – NNPC

Lagos reviews tax policy

Senate recovers N120b, summons firms over revenue scam

Revenue Loss: Senate gives Dana, others 48hour ultimatum

NSE market capitalisation increases by N208bn

Total invests $10b in Nigeria’s oil sector

FG not eager to sell refineries – Kachikwu

Afreximbank opens shareholding to investing public

Nigeria loses N11trn to corruption in power sector

Breaking News! Respite for 7 banks as FG seeks out-of-court settlement over TSA

Ortega now world’s second richest

Foreign investors pump N86b into Dangote Cement

Africa’s largest rice mill opens

Lamorde cautions on use of credit card for air tickets

‘Govt hopes on Dangote Refinery to end fuel import’

Foreign investors jostling to buy over 9Mobile, says Minister

Royal Dutch Shell Chiefs dump petrol cars for electric

TSA: Govt saves N4b bank charges monthly

Sterling, Fidelity: we’re not involved