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NSE capitalisation appreciates by N13bn
BY PROVIDENCE OBUH The downward trend on the Nigerian Stock Exchange was halted Wednesday, as equities value represented by the market capitalisation appreciated by N12.70 billion. In ...
ACCION Int’l launches microfinance in the Amazons
ACCION International, a pioneer and leader in global microfinance, has announced the inauguration of ACCION Microfinancas, a new microfinance organization located in Manaus, the capital ...
“No sale of oil blocks took place”
The former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has said that at no time were three oil blocks sold. She said that they were ...
Borderless Alliance supports ECOWAS free movement
Stakeholders of BORDERLESS Alliance, a public-private initiative which promotes the vision of a borderless West Africa for increased trade, have resolved to intensify advocacy within ...
CIBN, banks partner to solve cash management
By Amaka Abayomi The Chartered Institute of Bankers of Nigeria (CIBN) and the Committee of Heads of Bank Operations (CHBO) are organising a workshop aimed at ...
ECOWAS, AFD sign 12m Euros accord to boost food security
Food security and water resources management in West Africa received a major boost with the signing of two grant agreement totalling 12.34 million Euros between ...
Pension sector set to embrace mergers and acquisition
by Rosemary Onuoha Following the directive from the National Pension Commission (PenCom) to Pension Fund Administrators (PFAs) to beef up their capital base, operators in the ...
Economics reforms: Experts warns against benchmarking
BY MICHAEL EBOH Following planned reforms in the Nigerian economy and the capital market in particular, the authorities of the market have been cautioned against benchmarking ...
Illegal refineries resurface at Mbiama
By Samuel Oyadongha Barely four months after the Joint Task Force on Niger Delta, codenamed Operation Restore Hope, destroyed no fewer than 500 illegal refineries along ...
Delisting: NBC increases exit price
BY MICHAEL EBOH Following its planned delisting from the Nigerian Stock Exchange (NSE), Nigerian Bottling Company Plc has increased its exit price to N47 per share, ...
LASWA advocates swimming in Lagos schools’ curriculum
The Lagos Waterway Authority (LASWA) has advocated for the inclusion of swimming lesson in the curiculum of the state’s primary and secondary schools LASWA’s ...
Nigeria, Vietnam partner on food security
By Providence Obuh Businessmen from Nigerian and Vietnam have entered into a strategic partnership to help ensure food security in Nigeria, with the establishment of agricultural ...
UAC Property commences transition to IFRS
By Micheal Eboh UAC Property Development Company (UPDC) Plc has announced the commencement of a series of programmes aimed at ensuring a seamless transition to the ...
Oceanic Bank records N28. 8bn Profit in first quarter
By Peter Egwuatu Things may have started looking up for Oceanic Bank International Plc as it recorded a Profit Before Tax (PBT) of ...
Stock market capitalisation decline by N28bn
By Providence Obuh The declining trend on the Nigerian Stock Exchange NSE continued Tuesday, as equities value represented by the market capitalisation depreciated by N28.32 billion. In ...
Customs to streamline cargo examination at seaports
Comptroller-General of Nigeria Customs Service (NCS) Alhaji Dikko Abdullahi, says the service will streamline the number of its units conducting cargo examination at seaports. Abdullahi disclosed ...
Ship building: Navy signs MOU with European firm
The Nigerian Navy on Tuesday signed a partnership agreement with a European firm, TP Marine Global services ltd., to establish a ship building facility in Lagos. Speaking ...
Increase in terminal charges is a fraud – Captain Biu
Stories By Godwin Oritse The recent increase in terminal handling charges approved by the Minister of Transport Alhaji Suleiman Yusuf is currently raising dust in ...
Multiple checkpoints on Lagos, Seme route against ECOWAS protocol – Taskforce
By Favour Nnabugwu The Taskforce on Trade Facilitation in Nigeria has said that the number of checkpoints between Lagos and Seme border contradicts ECOWAS protocol as ...
FG’s Privatization programme is a failed project – Abu
BY PETER DURU A consultant to the defunct National Economic Intelligence Council, NEIC and former member of the National Working Committee of the ruling PDP and, ...
PPPRA faults marketers’ claims on subsidy
BY VICTOR AHIUMA-YOUNG Petroleum Products Pricing and Regulatory Agency (PPPRA) has faulted claims by Petroleum Products marketers that the agency calculates its subsidy payments, based on ...
Profit taking drags down investment value by N43bn
BY PROVIDENCE OBUH Activities on the Nigerian Stock Exchange, NSE, resumed Monday on a bearish note, as equities’ value, represented by the market capitalisation, appreciated by ...
Afren provides job creation template for Niger Delta
BY KENNETH EHIGIATOR Afren Nigeria Plc has pledged to use its exploration at Obok field as a model for indigenous oil production in Nigeria, and also ...
World Bank projects slow GDP growth for developing countries
Abuja – The World Bank has projected that the growth of Gross Domestic Product (GDP) of developing nations will slow from 7.3 per cent in ...
Bankers c’ttee endorses CBN’s cashless policy
Abuja - Mr Godwin Emefiele, Managing Director, Zenith Bank Plc, says banks will work with the CBN on its cashless policy to reduce the volume ...
PHCN explains nationwide power outage
Lagos -Mr Hussein Labo, Managing Director of Power Holding Company of Nigeria (PHCN), says the low power generation across the country is due to the ...
Lagos Ports Expect 87 Ships
About 87 ships laden with various items are expected to sail into the Lagos ports between yesterday and June 29. This was contained in the shipping ...
Korean investors to lift agric in Ekiti with $400 million
A group of investors from South Korea have entered into discussions with the Ekiti State Government to invest in the agriculture sector in the state ...
CAP plans new products, unveils colour of the year
By Peter Egwuatu In line with its corporate and business strategy of enlisting as well as engaging customers towards improved life style, CAP Plc, a subsidiary ...
Economic outlook: Rate rulings in spotlight
By Amaka Abayomi Interest rate announcements from the European Central Bank, the Bank of England and the Reserve Bank of Australia dominate the economic agenda this ...
T.B. Joshua: "I Would Have Halted President Mills' Death If..."
Founder and General Overseer of the Synagogue Church, Prophet T.B. Joshua says in an unusual manner, God did not reveal the death of Ghana’s President, ... Full story
Breaking News
Flash: Today’s Robust Football Gists In One Swoop!
18 May Posted May 18, 2013 by newsbytesnow in Sports. Tagged: FA, Football, League, sports, Transfers. Leave a Comment AC Milan are expecting Robinho to remain at the club despite ...
A Must-Read! Boko Haram & The Emergency Rule: What Many Do Not Know By Ahmadu Jirgi
Leader of the Boko Haram sect, Abubakar Shekau Nothing has changed for the better since June last year when the first emergency rule in some parts ...
Mislead, Mistrust, Misinform, Misunderstanding -Why Most Nigerians Do Not Trust President Jonathan And His Administration By Charles Omole
As the Cuban missile crisis raged in October 1962; the US president sat in the White House and called the leaders of the key nations ...
N58.9 Trillion Oil Deal: HEDA Urges Human Rights Commission to Investigate Petroleum Minister Alison-Madueke and Shell Petroleum
caption: Diezani Allison-Madueke ...
Delta Council Chairman In Physical Brawl With Scribe In Hotel Over N73 Million Largesse
By SaharaReporters, New York The transition committee chairman of Ughelli ...
Nigeria Police "Repel" Hoodlums Attack In Daura, Katsina State
By SaharaReporters, New York There are conflicting reports emanating from ...
Of State Of Emergency And Criticisms By Chiechefulam Ikebuiro
The recent declaration of state of emergency by the President Goodluck-led government on Borno, Adamawa and Yobe states as far as I am concerned is ...
Why Former IGP Mike Okiro Is Unfit To Chair Police Service Commission-NOPRIN
caption: Former Police IGP Mike Okiro ...
Nigerian Pastor Entices New Members With N5,000 Cash
That church ministries in Nigeria is a serious business is not in doubt. It’s amazingly shocking to know that men of God have now channeled ...