Business

NCC hosts telecom stakeholders Summit

The NCC gave the theme of the 2013 edition of Telecom Stakeholders Summit as “Transforming a Nation with Broadband: Telecom as Instrument for Sustainable Development”. Advertisement

Court adjourns Akingbola’s trial to March 2014

Erastus Akingbola, former boss of Intercontinental Bank, is being tried for a N47 billion fraud. Advertisement

Private sector investment in Nigeria’s Agric sector tops N1.25trn in 2 years, says Minister

Mr. Adesina also says the best performing stocks in the Nigerian market today were agriculture-related stocks Advertisement

Nigeria Stock Exchange

Nestle leads loser’s chart as Nigeria stock market indices dip

Lafarge Wapco tops gainers’ chart Advertisement

Nigerian Breweries leads losers, as NSE market capitalisation dips by N41 billion

International Breweries led the gainers chart. Advertisement

Why some Nigerian businesses fail – FIRS

Multiple taxation is a major challenge of businesses. Advertisement

Supreme Court chides BPE for refusing to comply with judgment on ALSCON‬

The BFIG wants an enforcement of a Supreme Court ruling on ALSCON. The Supreme Court on Tuesday chided the Bureau for Public Enterprises, BPE, for refusing to comply with its July 6, 2012 ruling ordering the revocation of the sale of the Aluminium Smelter Company of Nigeria, ALSCON, Ikot Abasi to UC RUSAL, the Russian […]

Nigeria LNG establishes N156 billion financing scheme for contractors

The scheme would make loan application from banks easier for contractors. Advertisement

Nigerian government approves construction of Lekki deep sea port for N200 billion

The government also approved N30 billion for construction of 12 roads nationwide. Advertisement

Lagos businesses, LCCI, condemn federal government’s vehicle policies

The government intends to increase import tariff on tokunboh cars. Advertisement

Nigeria’s Agriculture Minister, Adesina, emerges Forbes Africa Person of the Year

The minister has helped eliminate corruption in fertiliser subsidy. Nigeria’s Minister of Agriculture, Akinwumi Adesina, has been named the Forbes Africa Person of the Year 2013. Organisers of the award said on Tuesday that Mr. Adesina, who was nominated for his reforms in Nigeria’s agriculture sector, resulting in the empowerment of more than six million […]

Nigeria Customs to take over destination inspection services at sea ports

The Scanning Service Providers are to handover to the customs. Advertisement

Nigerian government provides N50 billion to private power generating companies

The plants were recently handed over to their private owners. Advertisement

Alleged N25.7 billion fraud: Ex-Bank PHB boss, Atuche, wants court to dismiss charges

 Mr. Atuche made reference to Appeal Court judgement. Advertisement

Nigeria Stock Exchange

Nigerian Stock Exchange All-Share Index climbs by 0.32 per cent

Mobil recorded the highest gain on Monday. Equity transactions on the Nigerian Stock Exchange, NSE, opened on Monday on a positive note with the All-Share Index, ASI, growing by 0.32 per cent. The Index rose by 124.22 points to close higher at 39,045.07 against 38,920.85 achieved on Friday, while market capitalisation, which opened at N12.448 […]

Expert wants harmonisation of tax laws to curb multiple taxation

Cases of multiple taxation are rampant in Nigeria. Advertisement

Nigerian government cassava bread programme to gulp N10billion, says Agric Minister

Agric minister said that part of the fund was being used to acquire some 18 large scale high quality Cassava Flour Processing Plants from China to produce high quality cassava flour to scale up the demand for inclusion into wheat flour by master bakers and confectioneries Advertisement

NEITI shifts review of 10 key petroleum industry probe reports to 2014

The decision to put off the review exercise till next year followed a directive from NEITI Board whose members frowned at its timing. Advertisement

ASSBIFI re-elects Olusoji Salako as National President

The union leader asked banks to respect workers rights Advertisement

Nigerian government challenges capital market regulators to resolve N60 billion unclaimed dividends debacle

Minister says untapped opportunities in market need to be explored Advertisement

Controversy trails FIRS Chairman’s nomination, as Northern Senators reject Akpan

Senators say immediate past chairman was from the South South Advertisement

Nigerian government opens bid round for 31 marginal oil fields

The government encouraged local oil firms to present joint bids. The Nigerian government on Thursday opened the process for second bid round that would involve the auction of 31 marginal oil fields. The Minister of Petroleum Resources, Diezani Alison-Madueke, said in Abuja that 16 of oil blocks were located onshore, while the other 15 were […]

Lagos floats N87.5 billion bond to finance infrastructural projects

The Lagos governor listed some of the projects the money would be used for. Advertisement

NSE returns to year high as analysts express optimism on Nigeria’s equities

Nigerian equities are expected to be up in 2014. Advertisement

Nigeria Stock Exchange

Nigerian Stock Exchange Report Monday, 25 November, 2013: WAPCO tops losers chart

WAPCO topped the losers chart after Monday’s trading on the Nigerian Stock Exchange with a N5.54 share price loss. The firm’s share price closed at N105.26 down from N110.80. The firm was followed by Nestle, which lost N3.00, closing at N197.00 down from N1200.00 before transactions. UACN lost N0.65 and closed at N66.35 down from […]