NDIC to bail out microfinance, mortgage banks
The Nigeria Deposit Insurance Corporation has expressed its readiness to grant financial assistance to deserving Primary Mortgage Institutions and microfinance banks as part of its efforts at...
View ArticleZero allocation threatens SEC’s capital market regulation
The zero budget allocation to the Securities and Exchange Commission has become a major threat to the activities of the apex market regulator. Sources close to SEC told our correspondent on Wednesday...
View ArticleFG to approve foreign airlines’ summer schedule
Indications emerged late on Wednesday that the summer flight schedule of the 24 foreign airlines operating into Nigeria might be approved before the end of this week. Our correspondent gathered that...
View ArticleInactive telephone lines now 40.06 million – NCC
The number of inactive telephone lines in the country is now 40,069,640, according to latest figures from the Nigerian Communications Commission. The figures showed that as of January 2013, the Global...
View ArticleNIMC earmarks equipment for identity enrolment
The National Identity Management Commission has earmarked equipment for the national identity enrolment in all the 36 states of the federation as well as the Federal Capital Territory. The Deputy...
View ArticleCement manufacturers seek review of industry’s standard codes
The Cement Manufacturers Association of Nigeria on Wednesday called for a review of the industry’s code of standards to take into consideration the peculiarity of the local operating environment. The...
View ArticleVision 2020 not to make economy best —FG
The Federal Government on Wednesday said its Vision 2020 was not intended to make the nation one of the best economies in the world by the 2020 as erroneously believed by many. The Minister of...
View ArticleLekki port to revolutionise maritime sector in W/Africa
Nigeria’s maritime sector will in no distant time witness a major boost that will translate into rapid economic growth for the country. This will follow the development of a state-of-the-art Lekki Port...
View ArticleCAT customers get financial support
Mantrac Nigeria Ltd, distributors of Caterpillar products in Nigeria, in conjunction with South African-based Stanbic group and its subsidiary, Stanbic Bank, is offering its customers financial...
View ArticleBusiness leaders can shape operational environment –UACN boss
By playing major roles in debates and focusing on infrastructure, social investment, government services, security, law and order, industry policy, incentives and corruption, businesses and business...
View ArticleAseM: NSE completes selection of designated advisers
The Nigerian Stock Exchange has announced that it has completed the selection of designated advisers for the Alternative Securities Market. This is coming ahead of the expected inauguration of the ASeM...
View ArticleNIM holds Management Day
The Nigerian Institute of Management (Chartered) will hold this year’s Management Day on Tuesday, April 9, 2013 at its secretariat in Victoria Island, Lagos. A statement issued by the President and...
View ArticleSagas seals gas deal with NGC
Sagas, a division of Borkir Energy Company Limited and subsidiary of the Dangote Group, has signed a 20-year sales and purchase agreement with the Nigerian Gas Company Limited to supply and distribute...
View ArticleUS shares rise on stimulus efforts
THE United States stocks rose, after Thursday’s biggest selloff-for the Standard & Poor’s 500 Index in more than a month, as central banks’ pledges on stimulus efforts overshadowed a rise in...
View ArticlePortion Consult wins top business award
Portion Consult Limited, a support services and printing company, has emerged as one of the fastest 50 growing Nigeria companies in a business growth research conducted by Allworld Network and the Tony...
View ArticleOnly 27.2% of Nigerians’ll be poor by 2015 —NBS
The National Bureau of Statistics on Thursday in Abuja expressed optimism that by 2015, only 27.2 per cent of the nation’s population would be poor. The Statistician-General of the Federation and Chief...
View ArticleIndex dips by 0.6% as 34 equities lose
Equity trading activities on the Nigerian Stock Exchange closed on a negative note on Thursday, erasing some of the gains made since Tuesday. The NSE’s All-Share Index fell by 0.6 per cent or 209.08...
View ArticleHyundai, Kia in US car recalls
Hyundai Motor and its Kia Motors affiliate are recalling more than 1.8 million cars and sports utility vehicles in the US to fix faults. According to a British Broadcasting Corporation report, Hyundai...
View ArticleIAG orders 18 Dreamliners from Boeing
International Airlines Group said it had firmed up orders for 18 Boeing 787 Dreamliners, a show of confidence in the aircraft that has been grounded since January because of battery problems. According...
View ArticleTCN: Manitoba not a concessionaire, minister tells labour
The Minister of Power, Prof. Chinedu Nebo, on Thursday explained the role of Manitoba Hydro International in the running of the nation’s transmission network to employees of the Power Holding Company...
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