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20 Jan 2015
THE Planning Committee of the 2015 Nigerian Maritime Expo (NIMAREX) said at the weekend that the event would focus on trade promotion and on issues that would impact on industry operators. Its Chairman, Ayorinde Adedoyin, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos. He said though the event might…
--Aganga
20 Jan 2015
Manufacturing has linkages with all other sectors of the economy. The progress of manufacturing still sets the tone for the overall business cycle while the health of this sector is very much at the core of the sustainability of any viable economy. Manufacturing has large stakes involved, not just because the sector employs an appreciable…
Oilpalm-
20 Jan 2015
The truism that Malaysia owes its success in oil palm sector to the West African region, especially Nigeria where the seeds for the commodity were obtained, has not been disputed. However, the need for Nigeria to reclaim its dominant position in the industry requires committed investments in the sector as well as government’s political will…
20 Jan 2015
BERVIDSON International Limited, a training and consultancy group in West Africa and convener of the Retail Leaders Conferences, Nigeria has signed a global Memorandum of Understanding (MOU) with a Turkish training and consultancy company, Mia Organizasyon Restorasyon Yayıncılık Ltd. Şti to drive the growth of retail businesses in the country.    The purpose of the…
20 Jan 2015
CFAO NIPEN, manufacturers of BiC ballpoint pens, BiC shavers, Premium Touch pens and other plastic products has announced a turnover of N4.453 billion for the 2013 financial year, representing a growth of 16 per cent.    The company’s operational profit also grew from N1.3 billion to N1.5 billion representing an increase of 17.6 per cent…
20 Jan 2015
EQUITY transactions on the floor of the Nigerian Stock Exchange yesterday sustained rising profile, following price gains recorded by major bluechip companies, as the market capitalisation of listed equities appreciated by N15 billion.     Specifically, at the closed of transactions yesterday, market capirtalistion increased by 0.15 per cent to N9.321 trillion from N9.917 trillion recorded…
20 Jan 2015
FSDH Asset Management Limited has stated  that Nigeria’s housing challenges will be partly addressed with increased investment in Real Estate Investment Trust, REIT, as it is currently enabling the construction of properties for different classes of individuals and corporate organisation in different parts of the country. According to the firm, given the huge capital that…
Johnson
20 Jan 2015
•Tasks Nigeria’s 17m SMEs on technology acquisition •Fidelity Bank to raise stake on SME financing TO further drive the growth of software development in Nigeria, the Federal Government, through the Ministry of Communications Technology has raised a venture capital fund of about $16.2 million (N2.71 billion) to be disburse to any qualified start-ups with innovative…
20 Jan 2015
INVESTORS and technical partners have expressed concern over the delay in the approval for the Enugu Power and Energy Free Trade Zone (ENPOWER FTZ).   Indeed, the financial commitment of the investors that run into billions of dollars have been laid dormant with accumulating costs, investment proposals for coal fired power projects and other coal…
20 Jan 2015
THE International Energy Agency (IEA) expects crude oil production growth in 2015 to be 350,000 barrels per day, lower than previously expected 950,000 barrels per day.    Though, supply will still grow significantly in 2015, it would however, not as much as previously thought, the agency said in its monthly report released recently.    …
20 Jan 2015
FIRSTBANK has achieved the recertification of the Payment Card Industry Data Security Standard   (PCI DSS) in 2014, having been one of the first top-tier banks in Nigeria to obtain the certification 2013.     The certification is renewable yearly as demanded by the standard and regulators following a rigorous audit of the bank’s payment…
19 Jan 2015
THE equities market closed yesterday on a positive note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] appreciated by 2.54 per cent  to close at 29,773.40 basis points, compared with the 0.78 per cent appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 14.09 per cent.   Market breadth closed positive as Guaranty…

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3 hours ago
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