Nigeria’s capital importation hits $6.30million in first quarter – NBS
May 11, 2018 The National Bureau of Statistics (NBS) says Nigeria’s capital importation in the first quarter stood at 6,303.63 million dollars. The NBS stated this in the Nigerian Capital…
FBN General Insurance records impressive business performance in 2017
May 10, 2018 Mr Bode Opadokun, Managing Director, FBN General Insurance, on Thursday said its shareholders’ fund grew to N4.45 billion following the company’s impressive business performance in 2017. Opadokun…
Cyber security damage to top $6trn by 2021 – US envoy
Cyber security ventures are suggesting that damage by global cybercrime would hit six trillion dollars annually by 2021, Mr John Bray, U.S. Consul-General in Nigeria, has said. Bray made the…
NSE: Oando leads 7 other companies with 52.75% growth in April
May 9, 2018 Oando Plc and seven other companies outperformed stocks on the Nigerian Stock Exchange (NSE) in April to emerge as top performing equities in percentage terms. The News…
NNPC to open more stations, now controls 14% of retail market – Baru
Dr Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), says the corporation’s downstream subsidiary, NNPC Retail Limited, now holds 14 per cent of the share of…
CBN comes hard on banks over illegal deductions as ATM users fume
The Central Bank of Nigeria (CBN), said any bank that deducts monies illegally from a customer’s account for products and services would be forced to refund the money to the…
Chinese firm joins Nigerian firms, others among companies debarred by AfDB
The African Development Bank (AfDB) Monday debarred CHINT Electric Co., Ltd. for 36 months for lying about its qualifications and experience in multiple bids for ADB-financed projects. It now joins…
Zinox scores another first with robotics, expands assembly plant
Zinox Technologies Limited, Sub-Saharan Africa’s foremost tech giant has announced the expansion of its hardware assembly and production capacity with the acquisition of a 129,166.925 square feet warehouse. In addition,…
Metering: Reps inspect Sabrud, move to protect local manufacturers- to curb excessive billing
The Federal House of Representatives has said it is determined to strengthen the operations of indigenous meter manufacturers and curb cases of estimated billing in the country. Mr Isreal…
Nigerian Stock Exchange: Indicators down by 0.48%
May 3, 2018 Activities on the Nigerian Stock Exchange (NSE) ended negatively on Thursday with the indicators shedding 0.48 per cent. The News Agency of Nigeria (NAN) reports that…