Business

Nigeria to create automobile training centres

The Nigeria automobile centres will be sited in Lagos, Kano and Anambra states

Nestle tops gainers chart, makes N8.99 gain after Wednesday transactions

Nestle topped the gainers chart after Wednesday’s transactions on the Nigerian Stock Exchange. The firm made N8.99 gain, one of the highest share price gain margin attained in recent times by a firm on the Exchange. The firm’s shares closed at N938.99 after transactions, from N930. Nigerian Breweries came second on the top five gainers […]

Investors need gas incentives to boost private sector investments in power, says BPE DG

Mr. Dikki appeals to Nigerians to show understanding as the power sector reform would not bring about immediate changes.

Nigerian government trains 8,104 officials on public sector accounting

The training has also afforded the benefitting officials wide access to information on financial and operational performance; improve their ability to ensure internal controls to prevent and detect potential and actual fraud.

Osun takes N10bn Sukuk to investors as Aregbesola lists gains of people-centred programmes

Aregbesola says focusing on the people is central and cardinal to his administration; adding that Osun should be seen as a veritable atmosphere for investment.

Nigeria to stop issuing licenses to new insurance firms, inaugurates NAICOM Board

The new NAICOM board is headed by a former Deputy Speaker of the House of Reps.

Jonathan frowns at Nigerian banks’ poor lending to agric, real sectors

The president threatened to withdraw banks’ access to government funds.

Subscribers association threatens boycott of telecom services on Friday

The association wants each GSM user compensated.

Brent back above $113, cuts losses after China data

The $113per barrel is a one-week low.

Enugu DISCO: NCP technical committee meets today to review controversial waiver to Emeka Offor

The technical committee of the National Council on Privatization (NCP) is scheduled to meet on Tuesday (today) in Abuja, its first meeting after the recently concluded bid for the privatisation of the Power Holding Company of Nigeria (PHCN) successor distribution companies. Chairman of the committee, Atedo Peterside, told PREMIUM TIMES in a telephone interview on […]

Nigeria Stock Exchange All Share Index falls to 36.3 million

The All Share Index (ASI) of Nigeria’s Stock Exchange fell to 36, 367.59 from 36, 403. 95 after Monday’s trading. The volume of trading however also fell from 237.4 million to 176.5 million while the value of transactions however rose from 2 billion to 3.8 billion. Glaxosmith topped the gainers chart, with the firm’s share […]

Nigerian government announces September 2013 bond offer

The bonds will be issued in N1, 000 per unit, subject to a minimum subscription of N10, 000.

Nigerian Stock Exchange report Friday: Market transaction value falls

Julisu Berger was the top gainer on Friday.

Dangote to invest N64bn in cement production in Kenya

Aliko Dangote stated this at a Nigeria-Kenya Business Forum held in Nairobi.

Nigerian government to offer N35billion bond for September

The bonds will be issued in N1, 000 per unit, subject to a minimum subscription of N10, 000 and in multiples of N10, 000 and in multiples of N1, 000 thereafter.

Nigerian stock exchange report Thursday, 05 September 2013

The Exchange’s All Share Index (ASI) rose to 36, 476.30 from 36, 215. 57 recorded yesterday. After transactions on Thursday, the value of Nigeria’s Stock market transactions rose by N1billion to N4billion up from N3illion recorded on Wednesday. The number of bills however fell to 5, 133 from 5,323 deals. Volume of Thursday’s transactions fell […]

Subscribers union wants NCC to ban promos by GSM companies

Subscribers prefer better services than promotions.

Aliko Dangote, President, Dangote Group

Dangote refinery to create jobs for 85,000 Nigerians, employ 8,000 engineers

The President of the Dangote Group, Aliko Dangote, said about 8,000 engineers would be needed for the smooth take-off of the nine- billion- dollar Dangote Refinery/Fertiliser plant in Ondo. Mr. Dangote told State House correspondents on Wednesday in Abuja that the project, when completed, would provide direct and indirect jobs for 85,000 Nigerians. He said […]

‘Monetary policy cannot provide all the answers to the global crisis’, IMF advises Central Banks

The IMF advised Central Banks of global countries.

Nigeria Stock market transaction value rises to N3billion – Wednesday 4 September 2013

Top 5 gainers COMPANY LAST CLOSE CURRENT CHANGE GLAXOSMITH 60.00 63.45 3.45 PZ 38.90 41.99 3.09 WAPCO 90.50 92.00 1.50 STANBIC 17.07 18.07 1.00 VITA FOAM 4.02 4.41 0.39 Top five losers COMPANY LAST CLOSE CURRENT CHANGE NB 164.09 161.29 -2.80 CHAMPION 17.03 15.33 -1.70 CADBURY 50.00 49.02 -0.98 MANDRID 5.94 5.35 -0.59 PRESCO 37.50 […]

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Dangote seals N528bn loan deal with 12 banks for refinery, petrochemical projects

The fertiliser plant will be cited in Edo State.

Nigeria’s stock market records decline in major indices

 UACN led the gainers’ chart on Tuesday.

Nigeria’s stock market records decline in major indices

UACN led the gainers’ chart on Tuesday. Unlike the bullish pick-up recorded yesterday, transactions on the Nigerian Stock Exchange (NSE) opened on a bearish note on Tuesday, as not much companies recorded large price gain margins. UACN led the gainers chart by just N1.00 to close at N56.00 per share. This was followed by Total […]

N61.52 million tax dispute: FIRS seeks expert’s view on Oando settlement claim

Both parties had opted for an out-of-court settlement.

Farmers want interest rates on bank loans cut to 5 per cent

The government says it’s working hard to make the country’s farmers operate at their full potentials.