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Eterna Oil overcomes subsidy gloom as revenue grows

Eterna Oil overcomes subsidy gloom as revenue grows

Eterna Oil plc, a downstream oil and gas company, has overcome the subsidy gloom that…

PublicVine, Nigerian-owned video platform, secures $5m investment

PublicVine, Nigerian-owned video platform, secures $5m investment

PublicVine, a US-based social video platform founded by a Nigerian, Nam Mokwunye, has secured investment…

AVEVA provides integrated engineering, design solutions to Total E&P Nigeria

AVEVA provides integrated engineering, design solutions to Total E&P Nigeria

United Kingdom-based engineering and construction firm AVEVA says Total E&P Nigeria Ltd (TEPNG) has adopted…

Holcim-Lafarge leftover assets seen enticing bidders

Holcim-Lafarge leftover assets seen enticing bidders

Once Holcim Limited and Lafarge SA start shedding assets across the world to complete their…

Huge operating expense hits UBA 1Q14 profits

Huge operating expense hits UBA 1Q14 profits

Background United Bank for Africa plc (UBA) was incorporated on February 23, 1961, and was…

Berger Paints tackles competition, expands customer service centre

Berger Paints tackles competition, expands customer service centre

Berger Paints Nigeria plc has opened a new Colour World Centre in Lekki, Lagos, in…

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Multimedia

  • BusinessDay sits with Zuriel Oduwole
  • INTERVIEW: Bunmi Lawson, Managing Director ACCION Microfinance Bank Limited
  • INTERVIEW: Otunba Bimbola Ashiru; Honorable Commisioner, Ministry of Commerce & Industry Ogun State.
  • INTERVIEW:Olubunmi Adefisayo Research Associate Leap Africa
  • INTERVIEW: Joachim Adenusi CEO Conrad Clark Nigeria – YouTube
  • INTERVIEW:Friday Okpara- Head Public-Private Partnership SMEDAN
  • INTERVIEW:Yvonne Isiche ED Keystone Bank
  • Businessday Conference – Identifying, Understanding & Managing Risks in SMEs
  • By the numbers: NIS Recruitment Disaster
  • Finally a Second Niger Bridge
  • INTERVIEW: Ayodele Joseph, Chairman Apapa LGA
  • INTERVIEW: Participants at the BD Competitive Strategy Master Class
  • INTERVIEW: Hal Gregersen, Professor of Innovation and Leadership, INSEAD
  • INTERVIEW: Frank Aigbogun at BD Competitive Strategy Master Class 2014

Nigeria electricity generation to hit 12,000mw by 2016

Sam Amadi, chairman, Nigeria Electricity Regulatory Commission (NERC), said electricity generation nationwide would hit 12,000 megawatts before the end of 2016. He disclosed this on Monday in Minna at a town hall meeting. Amadi said that this would be made possible as the commission had issued licence to private power plant operators for generation of…

Nigeria electricity generation to hit 12,000mw by 2016

Petroleum Product Marketing Companies’ revenue fell by N53 billion in 9 months of 2013

The nine months of 2013 unaudited results re¬leased by Nigerian Stock Exchange and made available to BusinessDay Research and Intelligent Unit (BRIU) shows that the turnover of six out of the seven quoted petroleum products marketing companies fell by N53 bil¬lon or 6 percent.These companies include Oando Plc; Total Nigeria Plc; Mobil Oil Nige¬ria Plc;…

Petroleum Product Marketing Companies’ revenue fell by N53 billion in 9 months of 2013

Peter Long, ‘grandfather’ of Europe’s travel industry

No business sector is more sensitive to crises than travel. They arrive with alarming frequency and when least expected, sending tour operators, travel agents, airlines and hoteliers into a familiar pattern of cancellations, recovery planning and accounting for lost earnings. So you could excuse Peter Long, Tui Travel’s chief executive, for dismissing out of hand…

Peter Long, ‘grandfather’ of Europe’s travel industry

FEC approves $300m Diaspora bond for Nigeria

The Federal Executive Council (FEC) has approved the floating of a $300 million bond for Nigerians in the Diaspora. This is just as the government has also approved the floating of N80 billion Global Depository Notes (GDN) to create opportunities for foreigners desiring to invest in infrastructural development in Nigeria. Ngozi Okonjo-Iweala, coordinating minister for…

FEC approves $300m Diaspora bond for Nigeria

Former Goldman Sachs chairman invest in Paga

As Paga, Nigeria’s leading Mobile Payments service celebrates its 5th anniversary, founder & CEO Tayo Oviosu made the announcement that the company had acquired a new private investor – former Chairman of Goldman Sachs Asset Management and Chief Economist, Jim O’Neill. O’Neill coined the “BRIC” acronym in 2001, which was derived from his thesis that…

Former Goldman Sachs chairman invest in Paga

Columnists

Markets

Banks and installing anti-skimming devices on ATM terminals… how far?

Banks and installing anti-skimming devices on ATM terminals… how far?

It will not be a surprise to see a bank or banks keep mute over the installation of anti-skimming devices on Automated Teller Machines (ATM) terminals as directed by the Central Bank of Nigeria (CBN) until June 1, 2014 deadline.…

Bankers’ acceptances decline by 0.60% in one month

Bankers’ acceptances decline by 0.60% in one month

The value of bankers’ acceptances (BAs) declined by 0.60 percent to N20.34 billion in January…

Lafarge joins high priced equities on NSE

Lafarge joins high priced equities on NSE

 The Nigerian Stock Exchange (NSE) on Tuesday said that Lafarge Cement Wapco stock has joined…

Residential opportunity where architecture breathes luxury, aesthetics opens

Residential opportunity where architecture breathes luxury, aesthetics opens

By virtue of its location and rich architecture which breathes luxury, quality and uncommon artistry,…

Intelligence

Eco-friendly building: How feasible in Nigeria?

Eco-friendly building: How feasible in Nigeria?

Ordinarily, the idea of green building would have been strange in our largely traditional and…

Indigenous participation critical to oil, gas industry growth

Indigenous participation critical to oil, gas industry growth

The panel of discussants on the issue was led by Scott Aitken, the Co-CEO of…

Ethical responsibilities of the board of directors

Ethical responsibilities of the board of directors

A leader takes people where they want to go. A great leader takes people where…

Fidelity Bank’s dwindling performance highlights restructuring urgencies

Fidelity Bank’s dwindling performance highlights restructuring urgencies

Background Incorporated in 1987, as a private limited company with a merchant banking licence, Fidelity Bank has since evolved to become a publicly listed financial institution aspiring to be a top tier Nigerian bank through organic and inorganic means. In…

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Forecast

Weather for Lagos Nigeria
Today Thursday Friday
It is forcast to be Thunderstorm at 10:00 PM WAT on April 23, 2014
Thunderstorm
32°/25°
It is forcast to be Chance of a Thunderstorm at 10:00 PM WAT on April 24, 2014
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32°/25°
It is forcast to be Chance of a Thunderstorm at 10:00 PM WAT on April 25, 2014
Chance of a Thunderstorm
31°/24°
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