Business

FCMB declares N15bn profit after tax for 2012

The profit after tax was an increase of 256 per cent over 2011 earnings.

ICRC faults Lottery Commission over contract

One of the bidders had petitioned the House Joint committees alleging irregularities in the award of the contract.

Nigerian Graduates abroad may enlist in SURE-P scheme

Nigerian graduates from abroad will be encouraged to deploy their skills to develop the economy.

Nigeria’s gas supply attains new daily peak of 1.5mn cubic feet, says Alison-Madueke

Over the last three years, the gas sector has experienced aggressive radical reforms.

World Bank wants improved access to finance for Nigerian women farmers

Women farmers undertake the responsibility of processing, transportation and harvesting crops in Nigeria.

Controversy trails BPE’s visit to ALSCON

Officials of the BPE visited the Nigerian aluminum company on April 18 and 19.

Microsoft wants protection of intellectual property rights in Nigeria

Microsoft also plans to train 100,000 Nigerians. Microsoft West Africa on Friday promised to train 100,000 people and provide at least 75 per cent of them with jobs. The Microsoft Small and Medium Solutions & Partner Director, Adefolu Majekodunmi, said this at a press briefing in Lagos held to commemorate the World Intellectual Property Day. […]

NUPENG urges establishment of pipeline protection agency

The union advocated the formal training of illegal oil refiners.

Four firms pre-qualify, as NEITI opens bids for 2012 oil industry audit

The four firms scaled the hurdle out of a total of 43 applications.

Nigeria’s private sector credit growth is ‘subdued’ -Expert

Access to credit has remained a major challenge in Nigeria.

Jumoke Akinjide

Abuja minister seeks financial services to un-serviced entrepreneurs

The minister emphasised the need to provide an enabling environment for rural businesses.

Nigerian Government, States get approval to borrow N1.4 trillion

The approval of the loan was based on the current facilities made available by different international funding organization.

Group urges extractive companies, host communities to resolve grievances amicably

Two researchers of the IIED published a book on how to resolve such conflicts.

Technology freak, Phemmy Alade, breaks the tablet barrier

Nigeria’s youth technology entrepreneur, Phemmy Adeola Alade, has introduced a new learning device into the market that he says will revolutionise the way children learn by adding fun to the process of education. Alade, nominee for 2013 Abuja Young Entrepreneurs award, told Premium Times in his office in Abuja that the new device which is […]

CBN

Nigeria Central Bank increases forex sales by N4bn

The Central Bank disclosed this on its website. The Central Bank of Nigeria on Wednesday increased its forex by $25.73 million (about N4 billion) worth of foreign exchange at its 31st bi-monthly Wholesale Dutch Auction System (WDAS). The apex bank disclosed this on its website, released after the WDAS trading. The Central Bank sold $272.25 […]

Nigeria Stock Exchange launches Alternative Securities Markets for emerging businesses

The NSE said the newly inaugurated security markets for emerging business is for companies with high potential for growth.

15 things Nigerians need to know about how Mobile Number Portability works

The Mobile Number Portability service guarantees freedom for telecoms subscribers.

FG requires N544bn to increase power generation to 20,000mw by 2016 – Minister

The Federal Government will require about N544 billion or 3.4 billion dollars to increase power generation from 4,800mw to 20,000mw by 2016. Prof. Chinedu Nebo, the Minister of Power, announced this on Monday at the Presidential Power Reform Transaction signing ceremony in Abuja. Mr. Nebo said that there would be massive power increase from the […]

Polymer notes: Labour urges Nigerian Central Bank to do adequate research

The Central has announced a reversal from polymer to paper notes.

CIBN registrar calls for review of existing business laws

The CIBN registrar said that many of the laws were obsolete.

NSE launches alternative securities markets for emerging businesses

The newly inaugurated securities markets is for companies with high growth potentials, the NSE said.

Finance experts say Nigerian inflation to rise in second quarter

Nigeria’s inflation rate has fallen to the lowest and will start to rise in the second quarter, experts say.

World Bank issues N22.8bn guarantee to support Nigeria’s gas, power supply

An agreement in support of Nigeria’s gas supply was signed on Monday between the World Bank and the Power Holding Company of Nigeria.

ECOWAS moves to actualize Lagos-Abidjan Highway project

Members states of ECOWAS have commenced preparation of a blueprint for the actualization of a Lagos-Abidjan highway corridor.

No hidden agenda in Nigeria’s IMF Board rep appointment, says Okonjo-Iweala

The minister describes speculations that she has a hidden Igbo agenda as “scurrilous campaign to tarnish” her image.