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Latest Nigeria Retail News

  • Petrol will always sell above N70 per litre in the S/Eastern States unless Chief Anekwe 17 May 2008 06:38 GMT
    ... Independent Petroleum Marketers Association of Nigeria (IPMAN) claims membership of about 10,000, who ... IPMAN members. Anekwe has been in this industry for long. He was the IPMAN Chairman, ... because we control 80% of all the retail outlets in Nigeria. What sharing formula do you ...

  • China buys record tons of Soybeans from US 17 May 2008 05:39 GMT
    ... loss of production by other producers (presumably Nigeria and others). Metals August gold closed up ... .0054 at .9616. Statistics Canada said that retail sales among large retailers totaled C$8.33 billion in March, up 9.4% ...

  • Want Cheaper Gas and Oil? End the Damned Wars! 16 May 2008 23:10 GMT
    ... news events, like a pipeline break in Nigeria, or a closed refinery in California. Politicians, like ... down—in fact it might do nothing, since retailers would be free to just raise prices ... for energy, or supply-demand imbalances in global markets. Whatever the contributory role of these factors, ...

  • AllianceBernstein Income Fund Releases Monthly Portfolio Update 16 May 2008 22:34 GMT
    ... Treasury 12.00% (08/15/13) 2.68% 9) Resolution Funding Corp 0.00% (10/15/20) 2.67% 10) Fannie Mae 5.38% ... 0.37% Broadcasting/Media 0.25% Automotive 0.24% Communications 0.22% Retail 0.21% Insurance 0.17% Air Transportation 0.15% Energy 0.14% ... Netherlands 0.04% El Salvador 0.03% Ireland 0.03% Nigeria 0.03% Dominican Republic 0.02% Costa Rica 0.01% ...

  • ACM Managed Dollar Income Fund Releases Monthly Portfolio Update 16 May 2008 22:34 GMT
    ... - Gas 1.08% Chemicals 1.07% Communications-Mobile 1.04% Retail 0.93% Communications-fixed 0.91% Supermarket/Drug 0.89% Petroleum Products 0.87% ... Pakistan 0.22% South Africa 0.20% Liberia 0.14% Nigeria 0.14% Japan 0.13% France 0.10% Total 100.00% ... Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P. SOURCE ACM ...

  • AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update 16 May 2008 22:34 GMT
    ... 1.34% Broadcasting/Media 1.32% Chemicals 1.31% Cable 1.22% Retail 1.18% Building/Real Estate 1.16% Paper/Packaging 0.93% Basket Index ... Kazakhstan 0.24% United Kingdom 0.24% Germany 0.22% Nigeria 0.22% Singapore 0.21% Pakistan 0.20% Russia 0.20% ... Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P. SOURCE AllianceBernstein ...

  • Licensing of more banks will reduce charges - Finance 16 May 2008 21:37 GMT
    ... financial sector as a whole. Uganda’s banking industry is largely characterised by large presence of ... concentrated in corporate banking as opposed to retail banking while small banks were not so competitive. ... Bank and United Bank of Africa from Nigeria. The Chairperson Budget Committee and also Member ...

  • OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Friday, May 16th MPPC, CABN, PCOP, CPSL, CWSI 16 May 2008 20:48 GMT
    ... a sharp increase in customer acquisitions, excellent industry notices, and continued revenue growth during April." ... fulfillment that is expanding significantly faster than retail, kiosks or any other method of purchasing prints." ... containers. It sells its products in China, Nigeria, Thailand, Indonesia, and the Philippines. China Precision ...

  • IEA: OECD Economies' Oil Demand To Fall 16 May 2008 15:39 GMT
    ... sign of increasing production, now that the market seems able to bear oil prices of ... that political turmoil in places such as Nigeria is preventing increased production. Oil production in ... increasing domestic travel. Hefty government subsidies for retail fuel products shield consumers from rising oil ...

  • Fuda Faucet Announces First Quarter 2008 Results 16 May 2008 12:39 GMT
    ... market, the Company's largest market, through its retail and wholesale center in Dubai. During the first ... normal level is around 20% in this industry. Operating expenses were $0.4 million in the ... faucets in the Middle East, Russia and Nigeria. In the coming months, we plan to ...

  • TABLE-Nigeria fuel retailer AP profit up in Q1 16 May 2008 12:33 GMT
    ... Thomson Reuters is the world's largest international multimedia ... news agency, providing investing news, world news, business news, technology news, headline news, small business ... business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, ...

  • BUSINESS IN BRIEF 16/5 16 May 2008 11:41 GMT
    ... to stabilize south market The Vietnam Cement Industry Corporation (Vicem) shifted 30,000-50,000 tonnes of cement ... 53,500 VND per bag (50kilo/bag), while the retail cement price on the black market stands at ... earlier this week. SCC sends perfume to Nigeria, looks at Japan Saigon Cosmetic Joint Stock ...

  • Should you buy NEF's cheaper MTN shares? 16 May 2008 04:58 GMT
    ... get out of the scheme which will retail at a minimum subscription of R2 000, ... Iran is the second biggest market to Nigeria for MTN - so it's very big. ... that he would have gotten a monopoly business between a nine- 12x price:earnings (PE) ratio, ...

  • MARKET WATCH: Crude prices fall after mixed inventories report 15 May 2008 18:13 GMT
    ... Gas Journal, May 15, 2008, 12:38 PM) MARKET WATCH: Crude prices fall after mixed inventories ... American Automobile Association reported the average US retail price for regular unleaded gasoline climbed to ... previous month due to production disruptions in Nigeria and Iraq. Energy prices The June contract ...

  • VeriFone Announces Contractual Agreements Signed with Ferlo and Byte Tech. 15 May 2008 18:10 GMT
    ... Africa have become increasingly important to VeriFone’s business in the Europe, Middle East and Africa ... banks in South Africa, East Africa and Nigeria. “VeriFone’s advanced GPRS technology payment systems are ... and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. ...

  • Wall Street in Flux 15 May 2008 15:18 GMT
    ... deal to buy CNET Networks (CNET). Also, retailer J.C. Penney (JCP) made headlines by issuing ... record territory on more supply concerns in Nigeria. Earlier this morning there was an explosion at ... as GE has been in the appliance business for 120 years and is considered the ...

  • Nigeria: Fertiliser Association Commends FG On Policy 15 May 2008 12:12 GMT
    ... subsidy which, according to them, distorts the market. They therefore, want the government to address ... the government to address the absence of retail outlets where farmers can conveniently walk to ... national policy and strategy on fertiliser for Nigeria. ...

  • Fertiliser Association Commends FG On Policy 15 May 2008 10:36 GMT
    ... subsidy which, according to them, distorts the market. They therefore, want the government to address ... the government to address the absence of retail outlets where farmers can conveniently walk to ... national policy and strategy on fertiliser for Nigeria. ...

  • Key Challenges and Issues facing the World Contraceptives Markets 15 May 2008 09:51 GMT
    ... A Whole New Dimension II-4 Manufacturers & Retailers Work in Sync to Accelerate Sales II-4 ... Kenya, NE Brazil, Pakistan, Senegal, Turkey, Colombia, Nigeria, Egypt, Indonesia and Morocco (includes corresponding Graph/Chart) ... Market for Male Contraceptives: Percentage Breakdown of Retail Dollar Sales of Key Players for the Year ...

  • Asset managers look to Africa  15 May 2008 07:46 GMT
    ... group JHI. Wayne Wright, JHI’s director of business development for Africa and international regions, said ... properties in certain other African countries, including Nigeria, Ghana, Zambia and Angola. He said the ... mix of properties being sold, including offices, retail and industrial properties. Although the property market ...

  • Boycotting: The only answer to oil prices? 15 May 2008 06:52 GMT
    ... to be traded. A prime minister in Nigeria can burp and the speculators will use this ... pump and go. Everything brought to major retailers is brought in by diesel truck. If ... stuck to it, I believe that oil company would see the light of day in ...

  • Gold Remains Lackluster Within Range 14 May 2008 17:16 GMT
    ... limited. Oil remains well bid as the market awaits EIA data this morning. While both ... may cut production and the report that Nigerian gunmen hijacked a US ship contracted by ... spurred by a better than expected ex-auto retail sales number. However, the dollar is lower ...

  • I'm not Lamberti ' Basson 14 May 2008 14:37 GMT
    ... bureaux. Creditors also cannot backdate interest. The retailers have complained to government but have been ... issue in Africa. I like going to Nigeria because then I get security guards who walk ... "The Lion King" worth R170m. The pharmacy business is doing well, even though prescriptions are ...

  • Companies to start hurting in next 2 years ' Absa 14 May 2008 13:37 GMT
    ... lag effect with the corporate and commercial business 18 to 24 months after the retail cycle," CEO Steve Booysen said in an ... in Africa outside its home market, including Nigeria, after plans to buy the African units ...

  • JSE's weakest and strongest links 14 May 2008 12:57 GMT
    ... degeared Woolworths quite nicely but simultaneously the retailer is to pay out R2,2bn to shareholders. ... of its UK properties urgent. Oando, the Nigerian oil company, reported operating profit of R6,4bn but an ...


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