The Federal Government has activated a $500 million African Development Bank (AfDB) loan aimed solely for intervention in the power sector.
Headline News
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In a bid to meet the need for an aggressive expansion of the gas pipeline infrastructure required to assure constant supply of the nation’s vast natural gas resources to boost power supply and... |
Cost of doing business at the port
The major problem in Nigerian ports is the absence of a regulator and inadequacy of port administration. This has afforded the service providers the... |
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United Arab Emirates (UAE) owned telecommunications firm, Etisalat Nigeria, on Tuesday signed a US$1.2 billion medium term syndicated loan facility with 13 Nigerian banks. According to Steve Evans,... |
APM Terminals’ overall Lost-Time Injury Frequency (LTIF) Rate declined by 43 percent in 2012 to 2.47 Lost-Time Injuries per million man-hours worked, from 3.54 in 2011. The combined port and... |
Markets
Analysis
Beginning from the early 1980s, the income gap in the Nigerian society began to widen. This widening income gap gave birth to a kind of skewed socio-economic structure that led to the virtual disappearance of the middle class. Before they departed the country at independence in 1960, the colonial masters did leave behind well-structured social...
Multimedia
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iStore Ikeja, Apple's flagship retail store in Nigeria has announced the immediate commencement of its weekend super bonanza to reward and bond with loyal customers in Nigeria especially in... |
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The Honda Place Nigeria has joined the rest of the world to unveil the ninth-generation Honda Civic that was recently face-lifted to incorporate upscale features such as sleek, energetic and aerodynamic design with new ECON button that adjusts...
With Nigeria as the most promising destination to make investment, CC Auto FZE, is making plans to establish a trucks spare parts centre in Nigeria. With October this year slated as the date for the commissioning, the spare parts centre will be...
Jaguar Land Rover (JLR) sales in April increased 12% to 28,503 units and 16% during the first four months of the year. JLR announced that its sales were up 12% last month and retail sales made the month the best April ever.
The company said that...
Zahav Automotive Nigeria Limited, a Lagos-based vehicle manufacturing company, has donated two units of specially built and fully equipped pick-ups to the Nigeria Police Force. The double-cabin Zahav pick-ups built at the company’s plant in...
For some time now, keen industry watchers believe that the Suzuki brand has been silent, leaving car freaks guessing as to what is happening to the Japanese brand launched about five years ago to battle rivals. At the moment, the good news is that C...
The Japanese based automaker Subaru has recently announced a recall for some of the Outback and Legacy vehicles because of a problem with the steering.
According to the National Highway Traffic Safety Administration, a total of 5,379 units of the...
Hyundai Motor Company has announced 2013 first-quarter earnings results. Despite various unfavourable internal and external factors, the company’s continued sales growth overseas led to a 6 percent increase in sales revenue, compared to the...
As the market dynamics gets tougher and more challenging, latest figures last month showed that Mercedes managed to surpass its rivals BMW and Audi thanks to its new versions of the A and B-Class compact vehicles.
During the month, Mercedes...
Toyota has simplified the Yaris range with the application of the KISS principle (Keep It Sweet and Simple) to its Yaris hatch range. Toyota fine-tuned its Yaris line-up for 2013, focusing on the more popular models, and dropping the three-door...
BusinessDay conducted a sample survey over a four week period to understand whether Nigerians are willing to change their phone service provider with the introduction of number portability by the Nigerian Communication Commission (NCC).
More...
One of the most difficult things to figure out in investing is when to sell something. The decision to switch things up can be a difficult one to make. What if you get rid of an investment, and it takes off? You’ve just lost out on big...
Starting any skill, occupation or career at a young age is an added advantage, as it affords one the opportunity to make gains and even recoup returns as many times as possible for a long period before tiring out. The same applies to investing....
The Nigerian banking sector has been largely transformed, after the Central Bank of Nigeria’s (CBN) intervention, and the subsequent reform has reshaped the industry and increased competition.
The CBN in 2009 initiated banking reforms and set...
Intelligent Energy, the global power technology company, has announced collaboration with world-leading telecommunications company, Etisalat Nigeria, starting immediately. The two companies will work together to test personal energy...
Zinox Technologies Group, Africa’s information communications technology (ICT) group, on Monday said it has completed the installation of a digital personal computer (PC) and phones assembly plant, ahead of the end of May 2013 deadline set...
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