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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

Tecno sues for dialogue as brand war gets underway at Computer Village

Codewit Correspondent Codewit CorrespondentAugust 21, 2013
While the market for mobile phone continues to grow in geometric progression in Nigeria where the demand is so high, there appears to be fresh battle for market supremacy among...
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Business

First Watch: Cashlite and cashless …CBN to the rescue

Codewit Correspondent Codewit CorrespondentAugust 21, 2013
Currency notes issued by the Central Bank of Nigeria, CBN, in the denominations of N200, N100, N50, N20, N10 and N5 are currently not readily available on demand in banks...
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Business

NIGERIA: Stakeholders advocate PPP in health insurance

Codewit Correspondent Codewit CorrespondentAugust 21, 2013
Stakeholders in the health, finance, industrial and oil and gas sectors have called for the adoption of the Public Private Partnership, PPP, model in reaching the grassroots and in  sustaining...
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Business

Apple preparing standard and cheap iPhones for upcoming launch

Codewit Correspondent Codewit CorrespondentAugust 20, 2013
Sydney: Software giant Apple has reportedly asked its Taiwan-based supplier to start shipping the two new versions of its flagship iPhone for the upcoming launch in September.    Sources said...
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Business

Alison–Madueke tasks operators on nuclear regulations

Anthony Claret Anthony ClaretAugust 20, 2013
The Minister of Petroleum Resources,Mrs. Diezani Alison-Madueke, has called on operators and service providers in the oil and gas industry to cooperate with the Nigerian Nuclear Regulatory Authority, NNRA, in...
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Business

Shell, Chevron, ExxonMobil ,others declare $38.76bn dividend

Anthony Claret Anthony ClaretAugust 20, 2013
Nigerians were once again the losers, as six international oil companies — Royal Dutch Shell, ConocoPhilips, Chevron, Total, Eni and ExxonMobil — paid their shareholders a dividend of $38.76 billion...
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Business

NIGERIA: Onitsha water supply comes alive as EU envoy visits

Codewit Correspondent Codewit CorrespondentAugust 17, 2013
Joy was the mood of Onitsha town Friday when, after 13 years of dry taps in the town, water is set to run again with the payment of 1.8 Billion...
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Business

NIGERIA: ‘Made-in-Abia product exhibition’ elicits fresh confidence in locally made goods

Codewit Correspondent Codewit CorrespondentAugust 14, 2013
Aba, the commercial hub of Abia State, has one of the largest concentrations of micro, small and medium enterprises (MSMEs) and a good number of them are engaged in leather...
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Business

NNPC to enforce N50/litre kerosene price; allays fears of scarcity

Anthony Claret Anthony ClaretAugust 7, 2013
LAGOS — The Nigerian National Petroleum Corporation, NNPC, and its downstream subsidiary, the Pipelines and Products Marketing Company, PPMC, yesterday, threatened to sanction marketers and other stakeholders engaged in the...
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Business

NEITI audit: FG earns $143.5bn in 3yrs

Codewit Correspondent Codewit CorrespondentAugust 6, 2013
The sum of $143.5 billion was the total financial flow to the federation and other government entities from 2009 to 2011, the Nigeria Extractive Industries Transparency Initiative, NEITI, report assessing...
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