Businessday Nigeria Archive for February 2013

Wednesday, February 27, 2013

Nigerian economic outlook still robust - Okonjo-Iweala

Fitch rates Kaduna's economic performance high; says outlook stable

22 Indian textile firms look to Nigeria for export market

Jonathan signs N4.99 trillion budget

CBN extends cashless policy to Rivers, Ogun July 1

New oil licences to await passage of PIB

Pension managers look to safety in investing your money

Tuesday, February 26, 2013

Automobile owners to groan as Lagos closes Ladipo market

Nigeria gets N7.8bn to boost renewable energy

Monday, February 25, 2013

Bright prospect for NSE on the back of fall in US index

Analyst puts CBN on naira watch ahead 2014

Cost, finance may deny Nigeria benefits of cocoa supply deficit

Nigeria losing ground in changing oil world

Made-in-Abia exhibition unveils hidden abilities

Non-passage of PIB may mar Jonathan’s 2nd term ambition

Sunday, February 24, 2013

Banks’ non-performing loans may exceed industry limit of 5%

Food, beverage manufacturers under threat over 60% sugar tariff

Nigerians sceptical over pace of ongoing power reforms

Friday, February 22, 2013

Business Council For Africa tasks investor on genuine deals in Nigeria

Nestle Nigeria to triple sales to $2.2 billion over 10 years

N55m budget bribe: Supreme Court orders Wabara, Osuji, others’ re-trial within 7 days

FG pledges more cities as Eko Atlantic City achieves 5m/sqm land

FG to sanction MDAs for nonpayment of insurance premium

Thursday, February 21, 2013

FG recovers N26bn from subsidy cabal, says Okonjo-Iweala

Expect competitive pricing for power as BPE signs agreements with GENCOs, DISCOs investors

Nigerians now spend more on health than ten years ago

Global economy to grow by 2.6% in 2013

CBN sees fiscal consolidation as key to lower interest rates

Biometric capture delays transfer of pensions by contributors

Wednesday, February 20, 2013

Three telcos lobby for two 2.3GHz spectrum slots

Power asset sale runs into fresh storm

Uncertain business environment, PIB stall $30bn Shell investment

Jonathan orders payment of N384bn severance package to ex-PHCN staff

Customs generates N199.1m in Kebbi

Nestle Nigeria shares hit new highs

CAC registers 20,800 companies in four months

Stakeholders see economic growth, wealth creation in land reform

Onitsha port remains dormant despite N4.6bn investment

Nestle Nigeria shares hit all-time high on dividend hopes

Tuesday, February 19, 2013

Nigeria explores Eurobond option for gas infrastructure finance

US-based firm to stake N22.62bn in Nigeria’s real estate market

Olam, Armajaro, Saro Agro earn N556bn from non-oil exports

Passage of PIB may be derailed - Oando Chief

MTN maintains leadership position as industry crosses 113m active lines

FG turns to Britain for help on oil bunkering

CBN to watch inflation trend as lowest point in 4 years unlikely to be sustained

Nigeria, OPEC influence to wane on US shale oil production

Ogun set to build farm estates, commissions N.5bn implements

FG needs N350bn annually to improve portable water supply

Monday, February 18, 2013

Banks’ demand for pre-confirmed buyers narrows credit to property developers

NCAA mandates airlines to install auto-flight information device on aircraft

Uncertainty over gas supply stalls investment in Brass LNG

'Inflation rate stood at 9 percent in January' - NBS

World Bank sees inflation easing in Nigeria this 2013

FG secures $12bn for real sector development

Agriculture, banking, oil to drive growth at 6.75% - data

Sunday, February 17, 2013

US record trade deficit signals warning for Nigeria

Consumer goods’ producers seek fortune in N15trn market

Telcos target $100bn new wireless market

Friday, February 15, 2013

FG assures steady power supply across the country

Stocks turnover drop by 25.06% on bearish trading

Fall in corporate tax brings down non-oil receipts by 30%

New minister to inaugurate TCN board next week

Thursday, February 14, 2013

New financing options to yield N458.8bn for Nigerian healthcare

President Jonathan faces United opposition, divided party

Growing art auction business fetches N232m in 2012

NSE fines 31 companies N56.3m

Naira appreciates against US dollar as CBN intervenes with $120m

Nigeria lags behind Botswana, Namibia, SA in financial inclusion

Ikazoboh appointed board member of Canada-based IISD

Wednesday, February 13, 2013

Sub-regional gas pipeline project loses N12bn in 5 months

Banks to contribute N81.7bn to AMCON fund in 2013

FG moves to rationalise N1.03trn workforce with Oronsaye report

'Nigeria can stop rice importation by 2015' - AfDB

Bullish run in equities explained

Firm dismantling disused aircraft to realise N480m

10.4 megawatts Alausa IPP ready October, says Fashola

Tuesday, February 12, 2013

FG explores contractor-financed business model to fund transmission infrastructure

AFCON win presents Nigeria N20bn business opportunities

Banks’ operating costs drop by N600 bn in one year

Consumer demand unlikely to worsen - Guinness Nigeria

Monday, February 11, 2013

VP, power sector officials meet on Manitoba, TCN

Unbundle PIB for easy passage, investment

CBN stops Holdco banks from lending to subsidiaries

FG, NASS sort out budget grey areas in a week

Pope Benedict XVI's Resignation: full text

Pope Benedict XVI to resign February end

Sunday, February 10, 2013

Distortions on share purchase agreement may delay negotiations on ALSCON

Bankers call for review of 20% single lending limit

Fidson, Chi, M&B in bid for WHO’s N20bn drug budget

Thursday, February 07, 2013

NCAA won’t compromise aviation rules for any purpose - Demuren

Stakeholders ask Jonathan to sign National Health Bill into law

CAF bitter over loss of N1.2bn Nigeria revenue

Investors' transact 10.94bn shares in January

Vacancy rates in property market rise 30% in 3 years

Credit drought feared on higher banks’ contribution to AMCON’s fund

Wednesday, February 06, 2013

Insecurity knocks down agric sector growth in 2012

Economists in cautious wait for Nigeria’s GDP rebasing

FG abandons Apapa despite N2trn yearly revenues

Tuesday, February 05, 2013

2014 budget will benefit manufacturing sector - Jonathan

Subsidy fund diversion threatens power reforms

APM Terminals plans $135m fresh investment

Optimism trails N2.4bn investment in Nigeria’s e-commerce

Infrastructure hinders N900bn investment in data centres

Banks’ 2012 profits to hit N600bn, investors position ahead year-end results

IFC issues N12bn bond

UPDC responds to investors’ sentiment with first IPO of the year

N61.65bn market awaits Nigeria virtual mobile operators

Citi, Blackstone reveal private banking interest in Nigeria