Businessday Nigeria Archive for March 2013

Sunday, March 17, 2013

Appetite for FGN bonds wanes as DMO records lowest bids in 4 months

BPE considers five firms for NITEL liquidation

High expectation on interest rate cut as MPC meets today

Friday, March 15, 2013

Bank loans to grow 30 percent in 2013 - S&P

FG cassava policy pushes wheat imports down to 3.7m metric tons

Government hinges transformation agenda success on infrastructure development

Thursday, March 14, 2013

Lagos, Abuja among top 4 most expensive cities in Africa – EIU

UPDC veers into retail, builds Festival Mall

Power investors pay 25% of offer ahead deadline

Global economic losses from disasters exceed $100bn in 2012

DMO sells N155bn in bonds

Aero loses N1.96m as unions ground domestic operations

Wednesday, March 13, 2013

Gains by Julius Berger, PZ, UBA highest among blue-chips in two months

Nigeria’s annual offshore drilling expenditure to reach $2.26bn by 2016

African cities driving online consumption and growth

NSE moves 306.9m shares worth N3.3bn

Bharti Airtel raises stake in Nigeria unit by 13.36 percent

CEOs express optimism on improved power supply in 2013

Oil thefts blight life in subsistence fishing communities

Tuesday, March 12, 2013

Who controls Nigeria’s oil wealth?

Construction, pharmaceutical, insurance, packaging stocks turn investors’ ‘goldmine’

Controversial EEG scheme comes under review as FEC meets today

Banks dump commercial papers over CBN’s reporting policy

FSDH forecasts 0.3 percent rise in inflation

Nigeria earns $900m from export of cocoa products in 2012

Lagos reels out conditions as it reopens Ladipo market

Monday, March 11, 2013

Contractors to indemnify FG for non-completion of projects

Africa on the move

NEXIM Bank to establish buyer credit facility by 2015

Consumer-spend within 8km of Ikeja City Mall put at $18bn/pa

Sub-Saharan Africa to see 5.8 percent growth this year - AfDB

Planned hotel rooms up 16% as Nigeria expects 7,460 rooms in 2013

FG assures investors in sugar sector of protection

Sunday, March 10, 2013

Business nervous over Presidency role in waiver deals

Rebasing may show personal consumption larger than GDP

Legislators’ pay rising faster than Nigeria’s capital expenditure

Thursday, March 07, 2013

Budget 2013: President to send an amendment bill to NASS soon

Abuja, Lagos vie to attract Nigeria’s wealthy elite

New private jet policy traps $600m abroad

Budget: FG to save less on oil revenue, deficit falls to 1.85% of GDP

62 Indian pharmaceutical companies storm Lagos

Wednesday, March 06, 2013

Trading band expansion to boost liquidity at stock market

Presidency, MoF dispense waivers in multiple incentive schemes

European, Asian, American airlines earn N158bn from Nigeria in 2012

NSE surge seen gaining momentum over 2013

Zenith Bank expects LSE listing this month

Tuesday, March 05, 2013

Nigerian oil thieves return to decimate output

FGN Bond rally to continue on Barclays’ index inclusion

How FG grants discretionary duty waivers to companies

NSE places BAGCO shares on suspension

Stakeholders fault Okonjo-Iweala on 7 days cargo clearance

FG evolves new initiative to deepen economy, targets 5m jobs

DMO to release Nigeria’s comprehensive debt profile in weeks

Monday, March 04, 2013

Bond rally, falling yields send Nigeria borrowing costs to 2 year low

Non-oil imports hit 344.4m metric tons in 5 years

Nigeria loses N40bn from duty waivers on steel

Africa's food market can hit $1 trillion value by 2030 - World Bank

AYC: Flying Eagles to end preparation with Esperance U-20, Club Africain friendlies

Sunday, March 03, 2013

Poor operating environment stifles N1.9trn investment in telecoms

Rebasing to reduce Nigeria’s GDP rate by 50%

Nigeria behind in contract approvals among oil peers

Saturday, March 02, 2013

Nigeria sees increasing investment, but poverty remains

Address cashless policy challenges before expansion - Expert tells CBN

Friday, March 01, 2013

NSE's market capitalisation increases by N35bn

4 telecom operators to pay N22m for contravening NCC’s ban on promo

Commonwealth scribe visits Nigeria

Thursday, February 28, 2013

Oil Operators fear 2015 elections may affect PIB

Manufacturing stages 7.7 % growth rebound on power supply boost

Firms invest N500m in Nigerian celebrities for brand reach