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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

NIGERIA: Policies Cost FG N603bn Loss in Revenue

Codewit Correspondent Codewit CorrespondentNovember 5, 2013
The Nigeria Customs Service (NCS) yesterday disclosed that certain government policies and bilateral agreements led to a revenue loss of N603.2billion for the country in 2013. Speaking during a joint...
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Business

New Asset Owners to Allow Electricity Unionism

Codewit Correspondent Codewit CorrespondentNovember 5, 2013
It has emerged that the owners of the privatised generation and distribution companies of the defunct Power Holding Company of Nigeria (PHCN) are expected to accommodate vibrant unionism in their...
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Business

Rwanda Dancers Thrill As S’Africa Wins Best Country Stand at Akwaaba Travel Fair

Codewit Correspondent Codewit CorrespondentNovember 3, 2013
 This time last week, the 9th edition of the Akwaaba Africa Travel Market was in full flow with the three-day event attracting exhibitors from across Africa and beyond. Exhibitors from...
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Business

NIGERIA: FG May Abandon Airport Remodelling Projects

Codewit Correspondent Codewit CorrespondentNovember 1, 2013
There are indications that the federal government may stop  the ongoing remodelling work at some of the nation’s airports because of the high cost of completing the upgrade and expansion...
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Business

Customs Impounds Contraband Worth N265m

Codewit Correspondent Codewit CorrespondentNovember 1, 2013
The Federal Operations Unit (FOU), Nigeria Customs Service (NCS) Zone ‘C’ Owerri, Imo State, has made a total of 31 seizures of contraband.   The seizures which include 2 by...
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Business

BBM Attracts over 20m New Active Users in First Week

Codewit Correspondent Codewit CorrespondentNovember 1, 2013
Blackberry has said the BBM community, which is a private social network for real and active conversations, has grown to more than 80 million active users across BlackBerry, Android and...
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Business

FG Restates Commitment to Science, Technology Development

Codewit Correspondent Codewit CorrespondentNovember 1, 2013
Federal Government has restated its readiness to revamp, the Project Development Initiative (PRODA), Enugu in order to realise its core mandate of piloting initiatives that would help in promoting the...
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Business

Lagos Targets N20bn Monthly Internally Generated Revenu

Codewit Correspondent Codewit CorrespondentOctober 28, 2013
The Lagos State Government has disclosed that its target is to raise its monthly Internally Generated Revenue (IGR) from N18 billion to N20 billion.   The Commissioner for Economic Planning...
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Business

Dufil Food’s Power Oil Gets NSN, NHF Endorsement

Codewit Correspondent Codewit CorrespondentOctober 28, 2013
In what can best be described as proof of its wholesome quality, Power Oil,  the cholesterol-free vegetable oil from the stables of Dufil Prima Foods, makers of Indomie Instant Noodles,...
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Business

LG Unveils anti-Mosquito Air Conditioner

Codewit Correspondent Codewit CorrespondentOctober 26, 2013
In its effort to combat malaria scourge in Nigeria, LG Electronics (LG) has launched a residential air conditioner model, the Mosquito Away, into Nigerian market. Specifically designed and built for...
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