NGX: Investors lose N21bn as transactions value sheds 15%
The value of transactions on the Nigerian Exchange Ltd. (NGX) dropped by 15 per cent during the week, resulting in a loss of N21 billion for investors compared to the previous week.
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NERC, SON sign MoU on electricity standards
ELECTRICITY Regulatory Commission (NERC) and Standard Organisation of Nigeria (SON) entered into a Memorandum of Understanding to ensure adherence to safety and reliability standard in the consumption, distribution, transmission and generation of
AU, ARSO strategise to achieve CFTA 2017 timeline
Preparatory to the 2017 timeline for the establishment of a Continental Free Trade Area (CFTA) in Africa, standards bodies in the continent have commenced plans to review commitments and collaborations that will
Egbin drives Nigeria’s steady power supply by 1,100MW
The recent improvement in power supply across the country may be driven by sustained generation of Egbin Power Plc, as the nation’s largest power plant hits a record 1,100 Mega Watts (MW)
Govt to save $5.33m daily from Kaduna refinery
There are indications that Nigeria may be saving about $5.33 million daily from the Kaduna refinery when it reaches capacity utilization of 90 percent production.
Nigeria national carrier: To be or not!
President Muhamadu Buhari last week issued a directive to the Federal Ministry of Aviation to expedite action towards refloating the Nigeria national carrier.
European shares rally after China calms yuan fall
EUROPEAN shares bounced on Thursday after a 4 percent fall this week, tracking a late rally on Wall Street and gains in Asia on efforts by China’s central bank to slow the
MTN claims N10b expenses on SIM registration
ALTHOUGH the Nigerian Communications Commission (NCC) under the former Executive Vice Chairman, Dr. Eugene Juwah, expended about N6.1 billion to register Subscribers Identification Module (SIM) cards in the country, Mobile Network Operator
BoI unveils N1b fashion fund to boost production of made-in-Nigeria items
TO further deepen its market penetration and intervention to specific SME clusters, the Bank of Industry (BoI), has unveiled a N1 billion fund to support Nigeria’s fashion industry. According to the bank,
Berger paints unfolds plan to enhance profitability
AS a strategic move to boost its earnings and enhance shareholder value, Berger Paints Nigeria Plc has assured investors that the newly acquired ultra modern factory would be completed in March 2016. The
Investors’ wealth depreciates further by N55 billion
nsePRICE losses incurred by virtually all the blue chip companies on the trading floor of the Nigerian Stock Exchange yesterday pulled market capitalisation by N55 billion. Specifically, at the closed of trading