The essential Nigerian business read... http://www.thenigeriabusiness.com/ en-gb Tue, 24 Oct 2006 14:05:01 GMT http://www.thenigeriabusiness.com/rss The Nigeria Business.com ceo@thenigeriabusiness.com webmaster@thenigeriabusiness.com Tue, 24 Oct 2006 14:05:00 GMT In a bid to meet up with the capital base for insurance companies as stipulated by the National Insurance Commission of Nigeria (NAICOM), ACEN Insurance Company Plc has concluded plans to raise N2.1 billion through a Public Offer which commenced on Monday... http://www.thenigeriabusiness.com/banking53.html Thu, 11 Jan 2007 01:15:00 GMT http://www.thenigeriabusiness.com Zenith General Insurance Company Limited a subsidiary of Zenith Bank Plc, has raised its operating capital to N8 billion, beating the February 2007, deadline issued by the National Insurance Commission (NAICOM)... http://www.thenigeriabusiness.com/banking54.html Thu, 11 Jan 2007 01:15:00 GMT http://www.thenigeriabusiness.com Despite the inflow of N270 billion statutory allocation funds into the banking system in the previous week, intense scarcity of funds prevailed at the inter-bank money market last week... http://www.thenigeriabusiness.com/banking52.html Mon, 08 Jan 2007 02:15:00 GMT http://www.thenigeriabusiness.com Nigeria has repaid $1.4bn to the so-called London Club of private creditors, while the rest of the debt will be cleared by March, President Olusegun Obasanjo said on Thursday... http://www.thenigeriabusiness.com/eco34.html Mon, 08 Jan 2007 02:15:00 GMT http://www.thenigeriabusiness.com Nigerian non-oil exports under the African Growth and Opportunity Act (AGOA) have been pegged at $US169m. According to Presidential Adviser On Export Matters Gladys Modupe Sasore, the media have not given accurate information of the position of the country in respect of the agreement... http://www.thenigeriabusiness.com/comm10.html Fri, 01 Dec 2006 11:33:00 GMT http://www.thenigeriabusiness.com Other factors contributing to the market's upward momentum include a decline in the dollar, the currency in which crude oil is traded, and the possibility of further production cuts by the Organization of Petroleum Exporting Countries, which meets next month in Nigeria... http://www.thenigeriabusiness.com/energy19.html Fri, 01 Dec 2006 11:33:00 GMT http://www.thenigeriabusiness.com The state of the nation’s economy on Wednesday dominated proceedings at the meeting of the Federal Executive Council (FEC) as the Governor of Central Bank of Nigeria (CBN), Prof Charles Soludo briefed the Council on progress made so far... http://www.thenigeriabusiness.com/eco21.html Thu, 30 Nov 2006 12:59:00 GMT http://www.thenigeriabusiness.com German engineering giant, Siemens, said on Tuesday it had suspended a number of employees in the ongoing corruption probe as evidence appeared to harden that they might have been involved in possible wrongdoing... http://www.thenigeriabusiness.com/corpgov2.html Thu, 30 Nov 2006 12:59:00 GMT http://www.thenigeriabusiness.com President, African Business Round Table and Chairman, NEPAD Business Group Dr. Bamanga Tukur along with African ambassadors on Tuesday stressed the need to plough back into the continent's economies the gains of the on-going debt relief... http://www.thenigeriabusiness.com/eco20.html Wed, 29 Nov 2006 11:39:00 GMT http://www.thenigeriabusiness.com Conoil Plc is living up to its promise of making Christmas and New Year real good for its numerous shareholders... http://www.thenigeriabusiness.com/invest17.html Wed, 29 Nov 2006 11:39:00 GMT http://www.thenigeriabusiness.com The Nigerian Copyright Commission (NCC) is intensifying efforts to rid Nigeria of pirated materials as its Director General, Adebambo Adewopo on Monday asked for better funding of the Commission... http://www.thenigeriabusiness.com/arts2.html Tue, 28 Nov 2006 10:21:00 GMT http://www.thenigeriabusiness.com African Union (AU) Group of Eminent Persons (GEP) on reparations, has concluded plans to float a bank for all African currency by the year 2010, saying it will boost investment and trade in the continent... http://www.thenigeriabusiness.com/banking33.html Tue, 28 Nov 2006 10:21:00 GMT http://www.thenigeriabusiness.com Board members of the Ajaokuta Steel Company Limited (ASCL) have disclosed they have made trips to Ghana and Sierra Leone to confirm claims by concessionaires of the complex -Global Infrastructures Nigeria Limited (GINL) - that they have commenced importation of steel products to those countrie... http://www.thenigeriabusiness.com/comm8.html Mon, 27 Nov 2006 10:41:00 GMT http://www.thenigeriabusiness.com Schneider Electric, one of the leaders in electrical distribution, power and control with market presence in over 130 countries and turnover in excess of $15 billion, has planned to invest about N2 billion in Nigeria... http://www.thenigeriabusiness.com/energy17.html Mon, 27 Nov 2006 10:40:00 GMT http://www.thenigeriabusiness.com Mobile telecommunications operator, Celtel Nigeria Limited, said it is set to roll out its third generation network popularly known as 3G... http://www.thenigeriabusiness.com/tnit16.html Thu, 09 Nov 2006 07:40:00 GMT http://www.thenigeriabusiness.com The Minister of Science and Technology, Prof. Turner Isoun has said that the national intellectual development policy was to engender the economic advancement of the country... http://www.thenigeriabusiness.com/eco16.html Thu, 09 Nov 2006 07:40:00 GMT http://www.thenigeriabusiness.com Nigeria's quest for more efficient power supply for consumption is set to be realised. Reason: The Federal Government has concluded plans to inject over N100 billion into various projects to resuscitate them and remove clogs in the power distribution networks... http://www.thenigeriabusiness.com/energy11.html Wed, 08 Nov 2006 08:40:00 GMT http://www.thenigeriabusiness.com Access Bank Plc has won this year’s Maritime Quality Service Award with the boosting of the nation’s shipping and other maritime related businesses with its On-Line Shipping Document Tracker... http://www.thenigeriabusiness.com/banking24.html Wed, 08 Nov 2006 08:40:00 GMT http://www.thenigeriabusiness.com Travelex will from November 14, 2006 commence its bureau de change services at the international wing of the Murtala Mohammed Airport in Lagos... http://www.thenigeriabusiness.com/btravel7.html Tue, 07 Nov 2006 08:40:00 GMT http://www.thenigeriabusiness.com Zenith Bank, in collaboration with the United States Agency for International Development (USAID), an agency of the United States government, yesterday launched a mortgage scheme that would make available $10 million (N1.3 billion) for interested Nigerians to own their own homes... http://www.thenigeriabusiness.com/banking23.html Tue, 07 Nov 2006 08:40:00 GMT http://www.thenigeriabusiness.com China – Ministers signed 16 deals with African nations worth a total of 1 Billion pounds at a trade conference in Beijiing, China... http://www.thenigeriabusiness.com/world4.html Mon, 06 Nov 2006 08:40:00 GMT http://www.thenigeriabusiness.com The nation’s foremost bank, First Bank of Nigeria Plc on Friday, confirmed its leadership position in the banking sector when it clinched the prestigious Bank of the Year award at the 2006 annual Bankers’ Dinner in Lagos... http://www.thenigeriabusiness.com/banking21.html Mon, 06 Nov 2006 08:40:00 GMT http://www.thenigeriabusiness.com The Economic and Financial Crimes Commission (EFCC) yesterday said it invaded BankPHB offices in Abuja to obtain “originals of some documents” relating to the Petroleum Technology Development Fund... http://www.thenigeriabusiness.com/banking20.html Fri, 03 Nov 2006 16:05:00 GMT http://www.thenigeriabusiness.com The Managing Director of Zenith Bank Plc, Mr. Jim Ovia provided the rationale for the launching of four new e-products of the bank yesterday... http://www.thenigeriabusiness.com/banking20.html Fri, 03 Nov 2006 16:05:00 GMT http://www.thenigeriabusiness.com The Federal Government has called for a market alliance among oil and gas operators to be able to develop and maximise both the domestic and export markets... http://www.thenigeriabusiness.com/energy8.html Thu, 02 Nov 2006 11:35:00 GMT http://www.thenigeriabusiness.com The CBN has tasked auditors on bank reporting and statements of account declaration as it issued new measures to guide investments in the post-consolidation era... http://www.thenigeriabusiness.com/banking18.html Thu, 02 Nov 2006 11:34:00 GMT http://www.thenigeriabusiness.com Shareholders of Conoil Plc at the weekend approved a gross dividend of N1.7 billion proposed by the company's directors for the financial year ended December 31, 2005... http://www.thenigeriabusiness.com/invest9.html Tue, 31 Oct 2006 11:35:00 GMT http://www.thenigeriabusiness.com The slow rate of growth and development of the Small and Medium Enterprises (SMEs) sub-sector has been linked with frequent changes in government policies... http://www.thenigeriabusiness.com/smmedbus4.html Mon, 30 Oct 2006 08:20:00 GMT http://www.thenigeriabusiness.com Citing inadequate sales volume, Toyota Nigeria Limited (TNL), has ruled out the possibilities of establishing an assembly plant in Nigeria for now... http://www.thenigeriabusiness.com/eco10.html Fri, 27 Oct 2006 08:20:00 GMT http://www.thenigeriabusiness.com The Federal Government of Nigeria is to train 30,000 civil servants to implement the e-Government initiatives, according to a senior official... http://www.thenigeriabusiness.com/tnit12.html Fri, 27 Oct 2006 08:20:00 GMT http://www.thenigeriabusiness.com Following an announcement that Abu Dhabi National Oil Corporation will export 5 percent less oil next month, crude oil prices experienced a slight increase.... http://www.thenigeriabusiness.com/energy6.html Thu, 26 Oct 2006 06:00:00 GMT http://www.thenigeriabusiness.com United Parcel Service has set up a team to evaluate its multi-billion dollar purchase of Airbus A380 freighters, saying all options remain open... http://www.thenigeriabusiness.com/btravel4.html Thu, 26 Oct 2006 06:00:00 GMT http://www.thenigeriabusiness.com Sub-Saharan Africa's biggest cellular operator MTN has not received any takeover approaches recently, a top executive has said, shrugging off talk MTN may become a target as rich Middle Eastern firms expand on the continent... http://www.thenigeriabusiness.com/tnit11.html Wed, 25 Oct 2006 11:50:00 GMT http://www.thenigeriabusiness.com The Federal Government has disclosed that it realised a total of three million US dollars from the sales of grains to the United Nations World FOOD Programme (WFP) last year... http://www.thenigeriabusiness.com/comm4.html Wed, 25 Oct 2006 11:50:00 GMT http://www.thenigeriabusiness.com An estimated sum of $4.2 billion (about N537.6 billion) has been invested by the Federal Government in the power sector reforms which begun about four years ago... http://www.thenigeriabusiness.com/eco9.html Tue, 24 Oct 2006 09:00:00 GMT http://www.thenigeriabusiness.com Bank PHB has introduced a scheme that allows Nigerians abroad to operate bank accounts at home from their foreign locations... http://www.thenigeriabusiness.com/banking13.html Tue, 24 Oct 2006 09:00:00 GMT http://www.thenigeriabusiness.com Alcatel and Globacom, Nigeria's second national operator confirmed the successful commercial launch of BlackBerry services in Nigeria... http://www.thenigeriabusiness.com/tnit9.html Mon, 23 Oct 2006 09:00:00 GMT http://www.thenigeriabusiness.com Federal Government at the weekend denied lifting ban on importation of textile and furniture into the country... http://www.thenigeriabusiness.com/eco8.html Mon, 23 Oct 2006 09:00:00 GMT http://www.thenigeriabusiness.com Zenith Bank's gross earnings topped N19.6 billion in the first quarter of 2006/2007, an increase of 58 per cent over N12.4 billion it posted in the corresponding period of the last financial year.... http://www.thenigeriabusiness.com/invest6.html Wed, 11 Oct 2006 09:00:00 GMT http://www.thenigeriabusiness.com ELF Petroleum Nigeria Limited, (EPNL), a subsidiary of Total Plc announced the discovery of fresh hydrocarbon resources in its Usan field located in deepwater Oil Prospecting License (OPL) 222 offshore Niger Delta. Total issued a statement as follows: "the well would produce 5,800 barrels of oil or more per day under a restricted flow conditions". http://www.thenigeriabusiness.com/top.html#8 Mon, 25 Sep 2006 09:00:00 GMT http://www.thenigeriabusiness.com The Central Bank of Nigeria (CBN) has recorded a budget surplus of $6.99bn (about 88.8bn naira) for the first six months of this year, against a projected budget deficit of $7.4bn (94.5bn naira) for the same period. http://www.thenigeriabusiness.com/eco2.html Sat, 16 Sep 2006 09:00:00 GMT http://www.thenigeriabusiness.com Despite the challenges in the operating environment in Nigeria, Standard Trust Assurance (STACO) Plc achieved a gross premium income in excess of... http://www.thenigeriabusiness.com/banking2.html Sat, 16 Sep 2006 09:01:00 GMT http://www.thenigeriabusiness.com Primary Dealers in Money Market Instruments are to be selected by The Central Bank of Nigeria. http://www.thenigeriabusiness.com/banking1.html Sat, 16 Sep 2006 18:37:00 GMT http://www.thenigeriabusiness.com/banking1.html