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Ashaka Cement Plc released its financial results for the year end 31 December 2015. The result showed that revenue dropped by 17.60% from N21 billion in 2014 to N17.4 billion in 2015. The company reduced operating expenses by 17% from N4 billion in 2014 to N3.3 billion in 2015. Profit before tax however dipped by […]

The House of Representatives yesterday began an investigation into the alleged ‘secret’ recruitment of 909 employees by the Central Bank of Nigeria. The controversial recruitment was reportedly carried out by the apex bank on the directive of the Governor, Mr. Godwin Emefiele, who was said to have dispensed political favours through job offers to select […]

President Muhammadu Buhari has said that his administration will implement policies to revive Nigeria’s agricultural sector and re-position it as the mainstay of the economy. The president’s Special Adviser on Media and Publicity, Femi Adesina, said in a statement on Thursday that Buhari said this when Bulgaria’s new Ambassador to Nigeria, Vesselin Blagoer Delcher, paid […]Read More

More Indonesian investors will be educated on the need and importance on why they should partner with Nigerian businessmen. Indonesian Ambassador to Nigeria, Harry Purwanto made this disclosure in Umuahia, the Aba State capital on Thursday. The ambassador was guest lecturer at an event hosted by the Aba Chamber of Commerce, mines and Agriculture (ACCIMA) […]

The Federal Government has given approval to twenty-seven shipping associations to operate in the country. Executive Secretary Nigerian Shippers Council (NSC), Mr. Hassan Bello gave this hint at a two-day National Shippers deliberation held in Lagos. Bello was quick to note that the establishment of these associations is good for cargo protection nationwide. He stressed […]

Tiger Branded Consumer Goods Plc has confirmed the appointment of Mr. Assue Ighodalo as the Chairman of the company which will take effect from 15th March 2016. Mr. Assue Ighodalo is a founding partner of Banwo and Ighodalo, a multidisciplinary firm which provides first-class legal advice on numerous aspects of corporate and commercial Nigerian law. […]

Minister of Transport and former governor of Rivers State has appealed to residents of the state to come out on Saturday to cast their votes in the election rerun for the House of Assembly and National Assembly, noting that President Muhammadu Buhari has vowed to ensure that the election was peaceful. In a broadcast to […]

A group, AMBSAM Memorial Foundation on Thursday said it would establish a life jacket manufacturing plant in honour of five persons who died in a boat mishap which occurred on 28th March  2015 in Epe area of Lagos State.‎The victims had met their tragic death while on an assignment to monitor the 2015 Presidential and […]

Barely 48 hours to the election re-run into the Rivers State House of Assembly as well as the National Assembly, an Army Major and three other soldiers are said to have been killed in the state by gunmen. The soldiers were killed on Thursday in Abonnema, Akuku-Toru Local Government Area, according to the opposition All […]

Trump and Sanders have whipped up a lot of popular support by opposing “free trade” agreements. But it’s not just politics and populism … mainstream experts are starting to reconsider their blind adherence to the dogma that more globalization and bigger free trade agreement are always good. UC Berkeley Economics professor Robert Reich – Bill […]

By EconMatters Is a rising inflation problem going to force the Fed`s hand into raising interest rates faster than the financial markets currently have priced in with many asset classes from bonds, the U.S. Dollar, and equities. [embedded content] Average: Your rating: None Average: 5 (1 vote)

United Bank for Africa (UBA) expects loan growth of 10 to 15 per cent this year, which will reverse the 3.3 percent decline last year, the bank said. UBA had originally forecast loan growth last year of between 5 and 8 percent, but that figure did not materialise as loans grew by 14 percent in […]