All business, markets and economics news
A total of 226.49 million shares worth N2.3 billion were traded in 3,582 deals on the Nigerian Stock Exchange on Friday. The News Agency of Nigerian (NAN) reports that this was against 327.28 million shares valued at N1.7 billion traded in 3,847 deals ...
The Niger Delta Development Commission (NDDC) said it had commenced construction of 15.5 km Amaba-Ezere-Ozara-Acha-Ivo Road with two bridges and three double culverts. The commission’s Head of Public Affairs, Mr Iditoye Abosede, said this in a st...
Shanduka Group, a leading South African Black Economic Empowerment investment holding company, via its wholly owned subsidiary Shanduka Telecommunication Mauritius, has paid $335-million to acquire a minority stake in MTN’s Nigerian bus...
A total of 256.13 million shares worth N2.1 billion were traded in 4,438 deals on the Nigerian Stock Exchange on Tuesday. The News Agency of Nigeria (NAN) reports that this was against the 237.17 million shares worth N1.6 billion exchanged in 3,182 dea...
Deputy Senate President, Ike Ekweremadu, on Monday in Abuja solicited the support of Nigerians for the sustenance of Abuja carnival in the promotion of national peace. Ekweremadu made the call while declaring open the boat regatta of the 8th edition of...
Ogun Government on Monday signed a Memorandum of Understanding with four construction firms to construct eight roads across the state, valued at 90.3 billion. The News Agency of Nigeria (NAN) reports that the companies are China Civil Engineering Const...
The National Directorate of Employment (NDE), in Jigawa has begun a three-month training for 50 persons with disabilities under its ''Special Needs'' scheme. Muhammad Sambo, State Coordinator told the News Agency of Nigeria (NAN), on Mo...
The Central Bank of Nigeria (CBN) says the new banking model is taking root in the country as it has issued merchant banking licence to two institutions one of which is poised to bring in N16 billion into the Nigerian economy. Speaking at a workshop or...
The Executive Board of the International Monetary Fund (IMF) said it has considered the IMF’s Work Programme for the next twelve months, with focus on key policies that, building on the latest reforms, will secure recovery and lay the found...
The Governor of Central Bank of Nigeria (CBN) Mallam Sanusi Lamido Sanusi has said the framework that would define the mode of operation for Agency Banking will be out by the middle of December this year. Sanusi while speaking at the Enhancing Financia...
Fifteen customers of Enterprise Bank have emerged winners in the just concluded MoneyGram International 2012 Back-To-School promotion, which was tagged ‘MoneyGram Gear Off To School.’ In a statement, the bank said the promo, which ran for s...
The year 2012 can best be described as one that came with worst flooding in the history of the country causing untold suffering, loses and starvation to the affected communities and by implication the entire country. The government is putting several m...
The New owners of the Eko and Ikeja Distribution Companies (DISCOs) are to benefit from the over 1,214 installed Low Voltage Distribution Transformers (LVDT) being installed by the Niger Delta Power Holding Company (NDPHC) in Lagos and its environs. Ac...
UBA Foundation, the Corporate Social Responsibility (CSR) arm of UBA in support of the golden jubilee celebration of The Lagos University Teaching Hospital (LUTH) on Thursday, donated two incubator machines to the children ward in the hospital. The inc...
Mr. John Obaro, 1st Vice President, Institute of Software Practitioners of Nigeria (Ispon) and Managing Director, Systemspecs Limited, Africa’s biggest software company, in this interview with CHIMA AKWAJA looks at the state of e-payment sy...