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Category: Business

codewit.com publishes an up-to-the-minute report of business and Nigeria financial news with personalized stock quotes as well as investing tools and tips.

Business

Sokoto: Wajeke Community Gets Boost to Curb Infant and Maternal Mortality

Maris Naomi MarisJune 19, 2014
 The Cement Company of Northern Nigeria (CCNN) has donated assorted drugs worth N2.5 million to the Community Clinic in Wajeke village of Wamakko local government area of Sokoto state. Speaking...
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Business

British Airways’ perspective on Africa

Maris Naomi MarisJune 19, 2014
 British Airways considers Africa an important growth market and the acquisition of bmi and new aircraft coming into the feet are enabling us to expand our network on the continent....
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Business

N10bn Jets Probe: Alison-Madueke, NNPC, PPMC to Defy PAC Summons

Maris Naomi MarisJune 18, 2014
The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, the Nigeria National Petroleum Corporation (NNPC) and the Petroleum Products Marketing Company (PPMC) have officially written to the House of Representatives  Public...
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Business

FG, Investors to Negotiate Share Sale Agreement on 7 NIPP Plants

Maris Naomi MarisJune 17, 2014
 The federal government, through the Joint Transaction Board (JTB) comprising the National Council on Privatisation (NCP) and the Niger Delta Power Holding Company (NDPHC), owners of the National Integrated Power...
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Business

60% Nigerians Lacks Access to Electricity, Says Nebo

Maris Naomi MarisJune 17, 2014
 The Minister of Power, Prof. Chinedu Nebo, has stated that about 60 per cent of Nigerians or 80 million of the country’s population are not connected to the national grid,...
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Business

General Electric Deploys 75mw Gas Turbines to PH Refinery

Maris Naomi MarisJune 17, 2014
 As part of the efforts to overcome power outages at Port Harcourt Refinery, General Electricity has supplied GEL Utility Limited with three 25-megawatt (MW) trailer-mounted TM2500+ aero-derivative gas turbines to...
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Business

Establishment of Instant Noodles Producing Plant

Maris Naomi MarisJune 17, 2014
The meal of instant noodles was scarcely popular in Nigeria until a few years back when it was introduced. By then the 70gm pack sold for just N2.50 but now...
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Business

NPDC and Enhanced Local Participation in Oil Output

Maris Naomi MarisJune 17, 2014
It is true that when progress comes, there is propensity by those who are afraid of change to challenge it. For the past four years that the Minister of Petroleum...
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Business

Diamond Bank Applies to Raise N50.37bn through Rights Issue

Maris Naomi MarisJune 17, 2014
 Diamond Bank Plc last week submitted an application to the Nigerian Stock Exchange (NSE) to raise about N50.374 billion via a rights issue  as part of the bank’s capital raising...
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Business

NIGERIA: Swift Oil Acquires Chorus Energy

Maris Naomi MarisJune 17, 2014
 A major downstream player in Nigeria’s oil and gas industry, Swift Oil Limited, has made inroads into the upstream sector through the acquisition of Chorus Energy Limited, a marginal field...
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