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May and Bakers FY13 profits down125 percent on costs

May and Bakers FY13 profits down125 percent on costs

Background May & Baker Nigeria Plc was founded on September 4, 1944 as Nigeria’s first…

Nobel laureates to headline Covenant University inaugural African development conference

Nobel laureates to headline Covenant University inaugural African development conference

Two prominent Nobel laureates in Economics, Professor Thomas Sargent of New York University and Professor…

Premium Pensions to manage Niger State retirement redemption bond

Premium Pensions to manage Niger State retirement redemption bond

Premium Pension Limited, a leading Pension Fund Administrator (PFA) in the country has secured the…

Lack of formal market swell retail mall developers appetite

Lack of formal market swell retail mall developers appetite

Nigeria’s informal market structure might be changing with the urge for modern organised markets such…

100 plus corporate organizations, state govts expected at FDI exhibition

100 plus corporate organizations, state govts expected at FDI exhibition

Over 100 corporate organizations, state governments and individuals are participating in the Foreign Direct Investment Opportunities…

Custodian and Allied Insurance spur growth with merger synergies

Custodian and Allied Insurance spur growth with merger synergies

Background Custodian and Allied Insurance Plc (CAI), is a general insurance business. The principal activities…

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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

Seven Energy secures $255 million additional equity capital

Seven Energy International Limited, the indigenous integrated oil and gas development,production and gas distribution company with interests in Nigeria, has announced that it has secured US$255 million of new equity capital, enabling the Group to further develop gas supply opportunities in Nigeria’s domestic energy market. Temasek, the Singapore investment company, has committed US$150 million, the…

Seven Energy secures $255 million additional equity capital

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

Osun enrols 350,000 students in fresh e-government drive

To improve planning and proper allocation of resources to the education sector in the State of Osun, biometric enrolment of students of government schools is in progress across the 30 Local Government Areas (LGA) of the state. The project, being executed by Chams plc, is expected to provide the government of the State of Osun…

Osun enrols 350,000 students in fresh e-government drive

Columnists

Markets

Naira falls on increased dollar demand

Naira falls on increased dollar demand

The naira weakened against the dollar on the interbank market on Wednesday, with the dollar in demand as importers sought to meet their foreign exchange needs. The local unit closed at N162.30 to the dollar, weaker than N161.75 Tuesday’s closed.…

Naira falls against dollar on demand pressure

Naira falls against dollar on demand pressure

The nation’s currency, the naira, yesterday weakened against the US dollar, losing N0.71k at the…

Skye Bank appoints Timothy Oguntayo as new GMD/CEO

Skye Bank appoints Timothy Oguntayo as new GMD/CEO

Skye Bank Plc has appointed Timothy Oguntayo as the new managing director/ chief executive officer of the bank. It has…

FBN Microfinance Bank leverages technology for growth expansion

FBN Microfinance Bank leverages technology for growth expansion

FirstBank Microfinance Bank Limited, with 23 branches in Lagos, seeks to expand its operations to…

Intelligence

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…

The wasteful budget culture

The wasteful budget culture

Over the years, annual budgets have not positively impacted the lives of Nigerian citizens. While…

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 relatively conservative environment, but with the climate change phenomenon and high energy cost, nothing could be more desirable now. A green building is a structure…

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It is forcast to be Partly Cloudy at 10:00 PM WAT on April 17, 2014
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