Lagos Experiences Total Blackout
As the power outages nationwide continue to worsen, most parts of the city of Lagos last week experienced one of its worst blackouts in recent times. ...
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NSE, CBN, UBA Showcase Nigeria To The UK Investment Community
The abundant investment opportunities in Nigeria as well as the statistics to back the fact that Nigeria remains an investors haven and gateway to Africa was the fulcrum of presentations and discussions by the leadership of the Central Bank of Nigeria ...
MAN Seeks CBN Intervention Over High Interest Rates
The Manufacturing Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to intervene in the lingering high interest rate in Nigeria’s financial sector, in order to boost manufacturing in the country. Chairman of MAN in Rive...
Countering European Union’s Carbon Tax
With the increased opposition to the European Union’s inclusion of global aviation in its CO2 Emission Trading Scheme (ETS), NKEM OSUAGWU, writes on the impact of this scheme on the operations of African airlines. As the global aviation industry...
Nigeria Railway Plans Acquisition Of 50 More Tank Wagons
The Nigeria Railway Corporation (NRC) is mulling acquisition of another set of 50 tank wagons for hauling petroleum products by rail system, as it prepares the first set of 20 tank wagons already imported into the country for operation by mid-April whe...
Solid Minerals Report Ready In Nine Months – NEITI
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Mrs. Zainab Ahmed, has said that the agency's comprehensive audit report of the solid mineral sector covering the period between 2007 and 2010 will be ready by ...
How Infrastructural Deficiency Ruined Manufacturing Sector – Yinusa
Jimoh Yinusa is the Group Managing Director of Dunlop Nigeria Plc, an outfit that specialises in manufacturing tyres. In this interview with TAIWO OGUNMOLA he spoke on certain salient business and socio-economic issues as they affect manufacturing in N...
Aero Contractors Promises Support For Women In Aviation
In a bid to promote women empowerment in Nigeria, a privately operated airline, Aero Contractors, on Saturday in Lagos promised to assist Women in Aviation (WIA), a group of professionals in the aviation sector. The airline’s Managing...
Power Deregulation: LASG Says Committed To Adequate Electricity Generation
The Lagos State Government says it is committed to the generation of adequate electricity for residents and other end-users in the state. The Commissioner for Energy and Mineral Resources, Mr Taofiq Tijani, gave the assurance in a statement on Saturday...
World Bank Race Heats Up As Deadline Looms
The U.S. faces an unprecedented challenge to its grip on the World Bank presidency with emerging African economies nominating a candidate on Friday to set up the first contested bid for the top job at the global development lender. Angola, Nigeria and ...
Why Most Loans Are Short-Term – Report
Unless the current short term structure of bank deposits is reversed, banks in the country would remain unable to extend longer tenure loans. A recent report from the Central bank of Nigeria (CBN) has shown that short term deposits of less than 30 days...
NSE Index Rises By 0.91%
The All-Share Index of Nigerian Stock Exchange (NSE) closed higher on Thursday at 21, 261.28 The index rose by 193.38 points from the 21,067.90 recorded on Wednesday. The market capitalisation also appreciated by N61 billion or 0.91 per cent to close a...
Nine Vessels Laden With 4,000 Vehicles To Berth In Lagos Ports
About 4,000 new and fairly used vehicles are expected to arrive in Lagos ports this month, the News Agency of Nigeria (NAN) reports. read more
14 Vessels Berth At Port Harcourt Port
Fourteen vessels laden with 138,048 tonnes of cargoes, are expected to berth in the Port Harcourt Port between March 20, and March 22. read more
NSE index drops by 0.73%
The All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) depreciated by 0.73 per on Wednesday inspite of increased turnover of shares. The ASI, which opened at 21, 227.98, depreciated by 155.05 points or 0.73 per cent, to close at 21,072.93...
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