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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

Finland: Asset Bubble Tests Sends Nordea Chairman on House Hunt

Anthony Claret Anthony ClaretMarch 27, 2013
The chairman of Scandinavia’s biggest bank is putting his money where his mouth is. Bjoern Wahlroos of Nordea Bank AB (NDA) says there’s no housing bubble in Sweden. So he...
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Business

NIGERIA: Bonny Gas finalises deal for N254bn vessels’ acquisition

Maris Naomi MarisMarch 26, 2013
Bonny Gas Transport, BGT, a subsidiary of Nigeria LNG Limited, NLNG, yesterday, finalised the deal for the acquisition of six new vessels valued at N254.4 billion ($1.6 billion). According to...
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Business

Lagos economy rated above Ghana, UK – Fashola

Anthony Claret Anthony ClaretMarch 12, 2013
Lagos State Governor Babatunde Fashola has said the economy of the state is rated above Ghana and the United Kingdom. He also said his administration is currently executing about 1,966...
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Business

NIGERIA: Lagos reopens Ladipo Market

Maris Naomi MarisMarch 12, 2013
Two weeks after the popular Ladipo Auto Spare Parts Market in Mushin local government was shut over violation of environmental laws, the Lagos state government, Monday, ordered the re-opening of...
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Business

NIGERIA: Airtel unveils data plan for BlackBerry 10

Maris Naomi MarisMarch 9, 2013
Shortly after becoming the first operator to sell the flagship BlackBerry 10 in its shops nation-wide, leading telecommunications service provider, Airtel Nigeria has unveiled special data bundled packages exclusively for...
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Business

Korean Firm Pays 25% Bid Price for Electricity Distribution Company in Nigeria

Maris Naomi MarisMarch 6, 2013
Korean and indigenous consortium, KEPCO/NEDC has paid the sum of $32.7million, being 25 percent of its bid price of $131million for the Ikeja Electricity Distribution Company, in which it emerged...
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Business

NIGERIA: Delta indigenes in the US shocked by flow station relocation

Maris Naomi MarisMarch 3, 2013
Indigenes of Delta North senatorial district based in the United States and Europe, is dismayed over the decision by Pan Ocean Oil Corporation to relocate the flow station on OPL...
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Business

NIGERIA: Boxing day inferno, traders want panel to act fast

Maris Naomi MarisMarch 1, 2013
Okoya/Ojogiwa Traders Association has called on the three-man panel set up by the Lagos State government to act fast in ascertaining the cause(s) of the inferno that has crippled the...
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Business

Nigeria FG grants N60bn loan to farmers

Maris Naomi MarisMarch 1, 2013
IN order to boost agricultural production, Federal Government has provided N60 billion loan for agro-dealers at 9 per cent interest rate across the country. FG made the loan available through...
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Business

NIGERIA: Lagos lawmakers to investigate market row

Maris Naomi MarisFebruary 28, 2013
Members of the Embroidery Dealers Association of Nigeria and Association of Nigeria Marketers and some market women and men in their hundreds besieged the Lagos State House of Assembly protesting...
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