The Central Bank of Nigeria (CBN) yesterday scraped the Retail Dutch Auction System (RDAS) and Wholesale Dutch Auction System (WDAS) Foreign Exchange…
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News
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INDUSTRY LEADERS in the country are making frantic efforts to halt passage of the Private Companies Conversion and Listing Bill into law…
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BusinessEconomyNewsOil and Gas
Indigenous consortium to build two separate 1000MW plants in Nigeria …Plans to train and engage 74,000 youths
A consortium led by FirstGate Group has signed a Memorandum of Understanding, MoU, with the Federal Government to build two separate 1,000MW…
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BusinessEconomyFinanceNews
Nigerian Breweries Plc proposes N37.2 bln dividend for 2014 financial year
The Board of Directors of Nigerian Breweries (NB) on Friday proposed N37.21 billion as dividend for shareholders of the nation’s brewery gaint…
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Oil rose above $60 a barrel on Friday for the first time this year, bringing gains this week to 4 per cent,…
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BusinessEconomyFinanceNews
Transparency Int’l calls for crackdown on money launderers …says 100, 000 suspicious accounts exist in Swiss banks
Transparency International, TI, has advocated a crackdown on money launderers and the banks that aid them in the illicit funds transfers across…
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The board of Trustees of the Tony Elumelu Foundation announces the appointment of Professor Reid E. Whitlock as Chief Executive of the Foundation,…
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Executive Chairman of Richbon Group Chief CJ Muonagolu has assured that about five thousand new jobs would be created when the automobile…
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*15 downscales to MFBs, Finance Houses The dust is yet to settle on the recapitalisation exercise in the mortgage sector even…
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Trading in the Nigerian Stock Exchange (NSE) for the second consecutive day maintained a downward trend as the market capitalisation lost N72…
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Ecobank Transnational (ETI) has faulted the report of the International Monetary Fund (IMF) which indicted the Bank group of poor corporate governance…
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Seplat Petroleum Development Company Plc, Thursday, said it has acquired Chevron Nigeria Limited’s 40 per cent stake in Oil Mining Lease 53…
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BusinessEconomyFinanceNewsOil and Gas
Forensic audit indicts NNPC, NPDC for non-remittance of $1.48bn
The Nigerian National Petroleum Corporation, NNPC, and the Nigerian Petroleum Development Company, NPDC, have been indicted by the PriceWaterHouse Coopers’ (PWC) forensic…
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The National Insurance Commission (NAICOM) said on Wednesday in Benin that it was committed to strengthening insurance institutions through the implementation of…
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The Nigerian National Petroleum Corporation (NNPC) on Wednesday deplored the recent increase in attacks on crude oil and gas pipelines, saying that…