Nigeria’s $1bn bonds oversubscribed –Okonjo-Iweala
The Minister of Finance, Mrs Ngozi Okonjo-Iweala, said on Wednesday that Nigeria returned to the capital market after two years of absence and sold $1bn bond with ease, the News Agency of Nigeria...
View ArticleAFC invests $250m in Power Africa initiative
The Africa Finance Corporation has announced in Lagos its plan to invest over $250m in the power sector of Ghana, Kenya and Nigeria over the next five years as a key partner in the United States...
View ArticlePrivate investors may run railway facilities —FG
The Federal Government is considering giving out railway facilities to private sector operators on a concession arrangement, Vice-President Namadi Sambo has said. Sambo, who said this on Thursday in...
View ArticleAirlines to compensate passengers for delayed flights, others …as NCAA...
Foreign and domestic airlines operating in the country will from August pay heavy fines and compensations for flight delays, cancellations, lost baggage and other related anomalies with the scheduled...
View ArticleGrand Oak boosts marketing with tricycles
As part of efforts to boost marketing and sales of its newly introduced products, Swagga Gin and Schnapps, Grand Oak Limited, a spirit and wine marketing company in the country, has distributed...
View Article62.4 million Nigerians excluded from banking system – CBN
The Central Bank of Nigeria has said 39.9 per cent of Nigerians are excluded from the banking system. The percentage represents 62.4 million of the country’s 160 million population. The Director,...
View ArticleSEC endorses Conoil stocks for margin lending
The Securities and Exchange Commission has endorsed Conoil stocks for investors wishing to engage in margin lending activities. The margin lending list, as released by SEC, is based on the Commission’s...
View ArticlePrivatisation: NCP to monitor Lagos ports
The Policy and Monitoring Committee of the National Council on Privatisation led by the Minister of National Planning, Dr. Shamsudeen Usman, will on Friday (today), visit the Lagos ports to ascertain...
View ArticlePortugal battles to ease crisis, market pressure
Portugal’s prime minister faces a day of talks aimed at shoring up his coalition, reeling after the resignations of two senior ministers. Pedro Passos Coelho is anxious to keep his conservative...
View ArticleBA’s first A380 superjumbo arrives at Heathrow
British Airways has become the first airline in the United Kingdom to take delivery of an Airbus A380 superjumbo. According to a British Broadcasting Corporation report, the plane landed at Heathrow...
View ArticleOil theft: Unions give FG 60-day ultimatum
Workers in the oil and gas industry have issued a 60-day ultimatum to the Federal Government to ensure security for all oil and gas installations, especially product pipelines in the country. The...
View ArticleFG, UNIDO to establish crop processing zones
The Federal Government and the United Nations Industrial Development Organisation are to establish seven sites of staple crop processing zones in the country. The Permanent Secretary in the Federal...
View ArticleNigerians invested N10.4tn in NSE in five years
Local investors staked a total of N10.4tn on the Nigerian Stock Exchange in the last five years. The investments made by Nigerians covers the period 2007 to 2012, and represents an increase of N6.34tn...
View ArticleCustoms hunt for smugglers of abandoned container
The Federal Operations Unit, Zone C, Owerri of the Nigeria Customs Service has begun the manhunt for the smugglers of a 20-feet container abandoned along Eleme – Aba road. The Customs Area Commander in...
View ArticleNigeria requires $125bn to build infrastructure – Minister
The Federal Government will have to spend at least $125bn within the next five years under the Interim National Integrated Infrastructure Master Plan to transform the country’s abysmally poor...
View ArticleNestle, Danone to lower baby milk prices in China
Food giants Nestle and Danone have said they will cut prices of some of their infant milk formula products in China. According to a British Broadcasting Corporation report, the move comes a day after...
View ArticleManufacturers to address industrial challenges
President, Dangote Group, Alhaji Aliko Dangote, and other stakeholders in the manufacturing sector are set to brainstorm on finding solutions to the challenges facing the industry. Dangote, who is also...
View ArticleN80bn bond: UK firm honours Lagos State
EMEA Finance, a United-Kingdom-based magazine, has honoured the Lagos State government for successfully floating N80bn bond in November last year. For this achievement, it gave the state government the...
View ArticleFIIRO ready to export local beverages
The Director-General, Federal Institute of Industrial Research, Oshodi, Dr. Gloria Elemo, on Thursday said plans for the exportation of locally-brewed beverages to Europe and the Middle East would...
View ArticleMinister advises FIRS on tax identification number
Minister of Finance, Dr. Ngozi Okonjo-Iweala, has urged the Federal Inland Revenue Service to ensure easy access to Tax Identification Number to fast track clearance of goods at the nation’s seaports....
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