Nigerian Stock Exchange gets new CEO Published by Staff Writer on 20 January 2011 Oscar Onyema has been appointed as the new chief executive officer of Nigerian Stock Exchange.
Heineken boosts its Nigerian operations Published by Claude Harding on 20 January 2011 Heineken N.V., the world’s third- largest brewer by volume, has increased its Nigerian footprint through the acquisition of two holding companies from the Sona Group.
Hotel operator pursuing opportunities in Nigeria Published by Jaco Maritz on 20 January 2011 “We look at Nigeria as almost a continent within a continent.”
Nigeria kicks off road shows to woo energy investors Published by Staff Writer on 19 January 2011 Nigeria on Tuesday kicked-off a series of investor road shows for the planned multi-billion dollar privatisation of its power sector, soliciting interest in electricity distribution companies and power stations.
Australian Mines closer to sealing Nigeria gold deal Published by Staff Writer on 19 January 2011 Australian Mines has announced the completion of due diligence by Nigeria Gold Pty Ltd on the firm.
Despite investor interest, 70% of Nigerians still live below poverty line Published by Staff Writer on 18 January 2011 Despite significant investor interest in Nigeria, around 70% of the country’s 150 million people still live below the poverty line.
Nigeria: bailed out banks fail to hold AGMs Published by Staff Writer on 17 January 2011 Eight of Nigeria’s nine banks that received bailout money have failed to hold their annual general meeting (AGM) – one of the financial system statutory requirements for financial institutions – eighteen months after N620 billion was injected.
Dangote Group president outlines reasons for its investment in Zambia Published by Staff Writer on 17 January 2011 Zambia’s high level of urbanisation as well as the government’s efforts to reduce dependence on copper, has motivated Nigeria’s Dangote Group to build a cement factory in the country.
UAC and Tiger Brands conclude joint venture deal Published by Staff Writer on 15 January 2011 UAC of Nigeria (UACN), a Nigerian diversified company, and Tiger Brands, a South African fast-moving consumer goods firm, have concluded a deal to form a strategic partnership.
Nigeria: Goodluck Jonathan wins PDP’s presidential primaries Published by Staff Writer on 14 January 2011 Nigerian President Goodluck Jonathan early this morning defeated his closest rival and former vice president Atiku Abubakar to emerge as the Peoples Democratic Party (PDP) presidential candidate for the April elections.
Nigeria’s south-western states to establish JV for infrastructure development Published by Staff Writer on 10 January 2011 Nigeria’s south-western states (Ekiti, Ondo, Osun and Lagos States) are set to establish a joint venture in a bid to improve infrastructure in the region.
Nigeria: Government to introduce new power tariff Published by Staff Writer on 7 January 2011 Nigeria’s federal government said a new electricity tariff would be announced in April 2011.
Nigeria: Privatised companies struggling to survive Published by Staff Writer on 6 January 2011 Many privatised companies in Nigeria have either collapsed or are struggling to keep their heads above water.
Nigeria: Bread price to rise by 10% Published by Staff Writer on 4 January 2011 Master Bakers and Caterers of Nigeria will increase the price of bread in Nigeria because of the rising cost of baking and doing business in the country.