The Department of Petroleum Resources (DPR) is to impose `heavy’ sanctions on any oil marketer found to be aiding and abetting smuggling of petroleum products outside the country. The measure was announced in the quarterly journal of Petroleum Pr...
Some operators in the nation’s equity market have linked the persistent capital market depression to the exit of some foreign investors following the rising wave of insecurity in the country. While urging the federal government to be more apt and...
The aggressive advertising by telecommunication operators and telemarketing companies in Nigeria has left a sore taste in the mouth of many Nigerians as unsolicited messages have now turned to a nuisance to most of the populace. Nowadays a wide ...
Ecobank Transnational Incorporated (ETI) has announced further details regarding the acquisition of Oceanic Bank Plc. ETI which signed a Transaction Implementation Agreement in relation to the acquisition and recapitalisation...
Correspondents’ Chapel of the Nigerian Union of Journalists (NUJ) in Rivers State has called on the federal government to take precaution in the choice of new appointees for the board and management of the Niger Delta Development Commissio...
Hyundai Motors Nigeria Limited has launched precision-engineered Hyundai HD Series special vehicles to boost the acquisition of value-driven commercial vehicles in Nigeria. Managing Director, Hyundai Motors Nigeria Limited, Mr. Pavir Singh, at t...
The Chairman of Heir Holdings and former Group Managing Director of United Bank for Africa (UBA) Plc,has emerged as chairman, board of directors of Transnational Corporation of Nigeria(Transcorp),Abuja. Shareholders...
The Minister of Trade and Investment, Olusegun Aganga, has reiterated the present administration’s commitment to grow and develop the nation’s textile sector in view of the comparative advantage it has in this area. The m...
After a day rise in the market indices on the Nigerian Stock Exchange (NSE),Wednesday, trading activities returned to the trenches yesterday as losses by some highly capitalised stocks resulted in market indices depleting by N13 billion. The mar...
Incompetent and ineffective electricity distribution companies (Discos) would be excluded from participating in the new electricity tariff regime scheduled to be announced in January 2012, the Nigerian Electricity Regulatory Commission (NERC) has said....
Governor Patrick Ibrahim Yakowa of Kaduna State has assured of his administration’s readiness to partner with the Kaduna State Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA) to provide the needed development for the state. ...
Central Bank of Nigeria (CBN) will soon come up with directives that would hinder banks from lending to oil companies that do not adhere to environmental standard. The Governor of the CBN, Sanusi Lamido Sanusi who made this statement on Friday at a fin...
Some banks recently raised their minimum account balances and also introduced different charges as part of measures to encourage the electronic system of payment in the country. These new steps have continued to generate a lot of controversy amon...
Financial experts have said that the only way to eradicate poverty and boost the nation’s economic growth is for the government, organisations and individuals to put resources together to develop the microfinance sub-secto...
The recapitalisation exercise of the rescued banks initiated by the Central Bank of Nigeria (CBN) might have raised a lot of concerns among stakeholders and shareholders but the whole process is expected to be brought to its logical conclusion come Sep...