Day: October 26, 2016

*The listing of 889,981,552 Ordinary Shares of The Initiatives Plc ( TIP) of 50 kobo each at floor of the Nigerian Stock Exchange (NSE) yesterday.

• Photo News

*The listing of 889,981,552 Ordinary Shares of The Initiatives Plc ( TIP) of 50 kobo each at floor of the Nigerian Stock Exchange (NSE) yesterday.

Business Hilights October 26, 2016

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Every 20% rise in ICT equals over 1% jump in GDP—Frank Li, Huawei MD

2 min read

• ICT

Every 20% rise in ICT equals over 1% jump in GDP—Frank Li, Huawei MD

Business Hilights October 26, 2016

The managing director of Huawei Nigeria Limited, Mr. Frank Li has revealed that information and communications Technology...

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Nigeria loss of N127bn to e-Fraud yearly may soar if…DfID Chief

1 min read

• ICT

Nigeria loss of N127bn to e-Fraud yearly may soar if…DfID Chief

Business Hilights October 26, 2016

There are palpable fears that Nigeria may lose higher than the average amount it has been losing...

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DMO warns FG against borrowing above $22.8bn in 2017

2 min read

• Banking/Investments

DMO warns FG against borrowing above $22.8bn in 2017

Business Hilights October 26, 2016

The Debt Management Office (DMO) has advised the Federal Government not to borrow above $22.08 billion in...

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Ambode mulls economic team as Lagos becomes 5th largest economy in Africa

2 min read

• Banking/Investments

Ambode mulls economic team as Lagos becomes 5th largest economy in Africa

Business Hilights October 26, 2016

Lagos State Governor, Akinwunmi Ambode yesterday expressed joy at the emergence of Lagos as the fifth largest...

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MAN seeks special forex allocation status

2 min read

• Industry

MAN seeks special forex allocation status

Business Hilights October 26, 2016

Worried by the inefficiency exhibited by commercial banks in carrying the Central Bank of Nigeria (CBN) directive...

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NASS objects concession of Lagos-Kano rail line

2 min read

• Transport

NASS objects concession of Lagos-Kano rail line

Business Hilights October 26, 2016

Barely one week after the Minister of transportation, Mr. Rotimi Amaechi disclosed that the federal government has...

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Nigeria’s oil production jump to 1.9 million b/d

2 min read

• Energy

Nigeria’s oil production jump to 1.9 million b/d

Business Hilights October 26, 2016

Nigeria’s oil production has risen to 1.9 million b/d, the oil ministry said Tuesday, even as the...

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Niger Delta Avenger hits Chevron pipeline again

2 min read

• Energy

Niger Delta Avenger hits Chevron pipeline again

Business Hilights October 26, 2016

Niger Delta Avengers yesterday claimed that it had attacked a Chevron pipeline as a warning to international...

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OPEC output cut closes in on oil market re-balance, says IEA

2 min read

• Energy

OPEC output cut closes in on oil market re-balance, says IEA

Business Hilights October 26, 2016

Signal has emerged that the oversupplied oil market will be re-balanced earlier than expected if major crude...

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