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Dangcem leads losers, as NSE Index down 0.64%

Dangcem leads losers, as NSE Index down 0.64%

By Bamidele Ogunwusi -  Lagos Building materials’ major, Dangote Cement, on Thursday led 33 others on the decliners’ table when it went down by 394 kobo to close trading at N230.00…

Mortgage financing: FG flags off 10,000 affordable homes

Mortgage financing: FG flags off 10,000 affordable homes

By David Agba  - Senior Correspondent, Abuja   Federal Government on Thursday flagged off the first 10,000 affordable mortgage homes scheme under the Nigerian Housing Finance Programme (NHFP). Addressing stakeholders that…

Skye Bank six months profit dips by 31.2 %

Skye Bank six months profit dips by 31.2 %

The net profit of Skye Bank Plc in the first six months of this year has dipped by 31.16 per cent to N5.81 billion compared with N8.44 billion achieved in…

Oando output hits 50,000bpd with ConocoPhillips assets acquisition

Oando output hits 50,000bpd with ConocoPhillips assets acquisition

By Obas Esiedesa  -  Senior Reporter, Abuja   Following its acquisition of $1.5billion upstream oil and gas assets of ConocoPhillips in Nigeria, Oando Energy Resources Incorporated (OER), a subsidiary of…

Don’t kill cement manufacturing, NLC tells FG

Don’t kill cement manufacturing, NLC tells FG

By Sylvester Enoghase  -  Senior Correspondent   The Nigeria Labour Congress (NLC) yesterday called on  the Federal Government not to concede to any policy adjustment  suggested by the Standard Organisation…

Stakeholders ask NCAA to compel domestic airlines to merge

By Abel Orukpe –  Correspondent, Lagos In a bid to ensure that domestic airlines in the country survive and compete in the global aviation market, aviation professionals have called on…

ZACCIMA expresses concern over N3b CBN loan

By Phillip Oladunjoye  -  Snr Correspondent Lagos   Zamfara Chamber of Commerce, Industry, Mines and Agriculture (ZACCIMA) has expressed fear over move by some members of the state House of…

‘Fast food industry recorded N230b turnover in 2013’

A Pan-African rating agency, Agusto & Co. report has said that the Nigerian fast food industry witnessed a spontaneous growth in 2013, grossing a total of N230 billion in turnovers…

ONEM hands over electricity meters to operators

By Obas Esiedesa –  Senior Reporter, Abuja   The Operator of the Nigerian Electricity Market (ONEM) on Thursday handed over the trading point energy meters across the country to generation,…

ABIMD bemoans annual loss of N300b to bitumen importation

The Association of Bitumen Marketers and Distribution of Nigeria (ABIMD) has said that Nigeria is losing over N300 billion annually to massive importation of bitumen into the country to the…

Rivers to raise N15b funds for SME’s – Amaechi

Rivers Government is to raise N15 billion through the establishment of Equity Fund to provide loans for entrepreneurs in the State. Gov. Rotimi Amaechi of Rivers disclosed this at the…

RMRDC tasks Nigerians on industrial development

The Raw Material Research and Development Council, RMRDC, has urged Nigerians to take the industrial development of the country more seriously. Director General of RMRDC, Dr. Hussein Doko Ibrahim, while…

New Planning Minister picks hole in Vision 20:2020

New Planning Minister picks hole in Vision 20:2020

By Chibuzor Emejor  -  Abuja The new Minister of National Planning Commission, Abubakar Suleiman, said the nation’s Vision 20:2020 lacks the integration of the members of the academia, a situation which…

NSE investors trade 713.6m shares

NSE investors trade 713.6m shares

By Bamidele Ogunwusi / Lagos   As trading resumed after the public holidays, investors at The Nigerian Stock Exchange (NSE) bought and sold a total of 713.642 million shares valued at…

Nigeria aviation industry spent N1tr in two years – Expert

Nigeria aviation industry spent N1tr in two years – Expert

By Abel Orukpe  -  Lagos The former Airport Commandant of the Murtala Muhammed Airport, (MMA), Lagos , Grp. Capt. John Ojikutu has alledged that the Nigerian aviation industry spent over…

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