All business, markets and economics news
The naira closed stronger yesterday at the interbank market as Addax Petroleum and Agip released about $13m into the market, causing increased liquidity. The naira which sold at 161.25 to the dollar sold at 161.10 to the dollar on Monday as dollar flow...
The Director-General of the Securities and Exchange Commission, (SEC), Ms. Arunma Oteh, resumed at her office yesterday following a recall by the Federal Government last week. LEADERSHIP investigations revealed that though the embattled DG went briefly...
Air Nigeria said that it has finalised its revival and growth plans to immediately recommence regional and domestic operations, adding that the resumption of services would be announced soon. This is coming as the airline disclosed that it has es...
The Unity Bank Plc has declared a profit after tax of N2.99 billion for the half-year ended June 30. The News Agency of Nigeria (NAN) reports that this represented an increase of 63.4 per cent against N1.83 billion posted in the corresponding period of...
The Standards Organisation of Nigeria (SON) on Monday said that the government would not relent in its efforts to rid the markets of products that were harmful to Nigerians. &...
The World Bank is to provide 40 million dollars to Anambra for the development of education, Mr Irajen Appasamy, the bank’s Senior Operations Officer on Education, has said. Appasamy said this in Awka on Monday at a meeting between the bank, Nati...
The National Pension Commission (PenCom) has appealed the judgment by Justice D.U Okorowo of the Abuja High Court which set aside the takeover of the Board and Management of the First Guarantee Pension Limited (FGPL) by the Commission. The Court in its...
Transnational Corporation of Nigeria Plc (Transcorp) has announced an increase in profit after tax by 77 per cent during the half year ended June 30, 2012. The company in its unaudited accounts and consolidated financial statements made available to LE...
The Federal Government has inaugurated two technical committees for the Doing Business and Competitive Committee and Investor-Care Committee to tackle the problems militating against the ease of doing business in Nigeria; inflow of Foreign Direct Inves...
Manitoba Hydro International Limited, will today take over management of the Transmission Company of Nigeria (TCN) one of the 18 unbundled companies of the Power Holding Company of Nigeria (PHCN) as part of the ongoing implementation of the Power...
The President of Dangote Group of Companies, Alhaji Aliko Dangote said at the week-end that his organisation would construct a gas pipeline in Oyo State to ease the problem of electricity supply in the state. He disclosed this shortly after paying a co...
The Senior Special Assistant to the President on Millennium Goals (MDGs) Dr. Precious Gbeneol has reiterated her offices’ resolve to constantly make the Conditional Grant Scheme (CGS) a veritable tool for the delivery of high impact interventions...
Royal Dutch Shell Plc has disclosed plans to challenge the $5 billion fine levied against it by the Nigerian government for an offshore spill from one of its fields last year. Officials of the National Oil Spill Detection and Response Agency (NOSDRA) t...
The Nigerian Ports Authority (NPA) on Friday said 90 ships carrying various goods were expected to berth at the Lagos ports between July and the first week of August. The cargo situation report made available to the News Agency of Nigeria in Lagos was ...
Trading activities on the Nigerian Stock Exchange (NSE) closed on a downward trend on Friday as some highly capitalised stocks recorded price losses. The News Agency of Nigeria (NAN) reports that the All-Share Index which opened at 23,098.21 points app...