Clik here to view.
Eastern railway line to commence operation soon — Tukur
Alhaji Bamanga Tukur The Chairman of the Nigerian Railway Corporation, Alhaji Bamanga Tukur, has said that train services in the Eastern Railway District will commence before the end of the year. Tukur...
View ArticleClik here to view.
Nebo, Nnaji for power sector award
Prof. ChineduNebo The West African Power Industry Convention (WAPIC) on Monday announced the nomination of Ughelli Power, Geometric Power and Clarke Energy for award for their key roles in the...
View ArticleClik here to view.
9-month power outage: Fayose vows to help restore electricity to Ifaki-Ekiti
Governor Ayo Fayose of Ekiti state Gov. Ayodele Fayose of Ekiti has pledged to address the nine-month power outage in Ifaki-Ekiti following its disconnection by the Benin Electricity Distribution...
View ArticleClik here to view.
Justrite boss splashes N2 billion on expansion
Chairman of Justrite Limited, Mr. Ayodele Aderinwale The chairman of Justrite Limited, Mr. Ayodele Aderinwale has splashed N2 billion in establishing a new branch. ENCOMIUM Weekly’ check revealed that...
View ArticleClik here to view.
Nigeria’s forex reserves hit 4-month low
Nigeria’s foreign exchange reserves fell to a 4-month low of $37.9 billion as of November 7, down by 3.99 per cent month-on-month after the Central Bank of Nigeria (CBN) sold dollars to banks to prop...
View ArticleClik here to view.
Aganga calls for improved trade relations with Britain
Minister of Trade, Industry and Investment, Mr Olusegun Aganga The Minister of Trade, Industry and Investment, Mr Olusegun Aganga, on Tuesday in Lagos called for improved trade relations between...
View ArticleClik here to view.
Naira suffers biggest official depreciation in three years
The Central Bank of Nigeria (CBN) yesterday allowed the Naira to suffer its biggest official depreciation since November 2011, as the currency depreciated by 54 kobo at the official foreign exchange...
View ArticleClik here to view.
New N100 note unveiled, circulation to start next month, says CBN
President Goodluck Jonathan on Wednesday unveiled the new N100 centenary commemorative banknote at the Presidential Villa, Abuja. Vice-President Namadi Sambo, Central Bank of Nigeria (CBN) Governor...
View ArticleClik here to view.
Investors stake N7.59bn on shares
Investors on the Nigerian Stock Exchange (NSE) on Wednesday staked N7.59 billion on 299.9 million shares in 6,120 deals. The News Agency of Nigeria (NAN) reports that the volume of transactions...
View ArticleClik here to view.
Emefiele vows to defend naira on falling oil prices
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has said he will continue to defend the naira after the currency plunged to a record low last week. “There’s no need for anybody to panic...
View ArticleClik here to view.
Okonjo-Iweala: Nigeria, others must adopt belt-tightening measures
The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Thursday stressed the need for Nigeria and other countries on the continent to adopt belt-tightening...
View ArticleClik here to view.
Influx of tourists in Africa up by 3% – Expert
MASQUERADES ENTERTAINING, AT THE SAMODUN FESTIVAL ORGANISED BY OYOSTATE MINISTRY OF CULTURE AND TOURISM IN IBADAN Africa has recorded three per cent increase in the influx of tourists in 2014, Ms...
View ArticleClik here to view.
Profit taking to moderate capital market activities — Brokers
Mr Gbenga Obisesan, a Stockbroker and Managing Director, Topmost Securities Ltd., on Thursday, said that profit taking would moderate capital market activities in December and January, 2015. Obisesan...
View ArticleClik here to view.
As oil prices fall: 2015 budget to be reviewed — Okonjo-Iweala •To reduce...
As the price of crude oil declines in the international market with its attendants negative effect on government revenue, the Federal Government, on Sunday, announced a proposal to change the oil price...
View ArticleClik here to view.
FG reviews oil benchmark to $73 per barrel
Dr. Ngozi Okonjo-Iweala The Minister of Finance, Dr Ngozi Okonjo-Iweala, says the Federal Government has proposed a review of the oil benchmark from 77.5 dollars to 73 dollars for the 2015 budget....
View ArticleClik here to view.
Stakeholders move to encourage domestic investors’ participation on NSE
The Capital Market Committee (CMC) on Monday called for strong Nigerian investors’ participation in the Nigerian stock market to enhance stability and development. Mrs Oluwatoyin Sanni, Chairman,...
View ArticleClik here to view.
Austerity measures: Nigerian embassies to coordinate investment drive
List of taxable luxury goods out next week AS part of the cost saving devices announced on Sunday, the Federal Government has curtailed foreign trips of ministers, director-generals and other heads of...
View ArticleClik here to view.
NCC: 49.6m phone lines inactive in third quarter of 2014
A total of 49,641,091 phone lines in Nigeria were dormant at Q3 2014, latest telecoms market information released by the industry regulator has shown. The relative dormancy of phone lines is one of the...
View ArticleClik here to view.
Glo first to launch iPhone 6 in Nigeria
1st Female owner of iPhone 6 in Nigeria, Miss Tobi Phillips flanked by Glo Brand Globacom, Nigeria’s National telecom carrier, has emerged the first Nigerian operator to officially sell iPhone 6 and...
View ArticleClik here to view.
CBN signs N213bn agreement with power sector players
The Central Bank of Nigeria (CBN) and key players in the power sector, including gas suppliers, electricity distribution and generation companies, among others, on Tuesday signed a N213 billion...
View Article