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All posts by BusinessNews Staff

  • Tambuwal-360x225
    Sokoto uncovers 13,415 ghost workers

    The Sokoto State Government Thursday said no fewer than 13,415 ghost workers were uncovered and removed from the payroll during the last verification exercise in the state. He also said the state government saved over N300 million...

    • Posted May 26, 2017
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  • Aliko-Dangote-1005
    Dangote Cement’s N144.8bn dividend delights shareholders

    Shareholders of Dangote Cement Wednesday were full of praises for the board, management and staff of the company after approving the dividend payout of N144.8 billion, which translated to N8.50 kobo per share as against N8 per...

    • Posted May 26, 2017
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  • General-Electric
    FG concessions rail lines to GE, Multinational to invest over $2.2bn

    The federal government Wednesday handed over the letter of award appointing General Electric (GE) as the concessionaire for two narrow gauge rail lines in the country, after the company’s emergence as the preferred bidder for concessions. The...

    • Posted May 26, 2017
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  • Ambode2
    Ambode condemns Lekki unrest, laments threat to $15bn investment

    Lagos State Governor, Mr. Akinwunmi Ambode, Thursdaycondemned the communal conflict that resulted in the death of a police inspector and siblings at Lekki communities at the weekend, saying he will not entertain any threat to the $15...

    • Posted May 26, 2017
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  • Osinbajo_224556343
    Summit will complement FG’s recovery plan – Osinbajo

    Acting President, Mr Yemi Osinbajo has said, the 2nd Kano Economic summit would complement the federal government agenda of revitalizing the nation’s economy. Speaking at the summit through the Minister of Internal Affairs, General Abdulrahman Bello Dambazau...

    • Posted May 25, 2017
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  • CBN-Governor-Mr.-Godwin-Emefiele1
    New investors’ window attracts $1.4bn FX inflow – Emefiele

    The recently created Central Bank of Nigeria (CBN) Investors’ and Exporters’ FX Window has attracted $1.4bn in four weeks, the Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele has said. Mr. Emefiele disclosed this while fielding...

    • Posted May 25, 2017
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  • Comptroller-General-of-Customs-Col-Hammed-Ali-retd
    Customs attains 75% automation, cuts inspection hour – Ali

    The Comptroller General of Customs, Col. Hameed Ali (Rtd) said Customs has attained 75 per cent automation level while cutting down inspection hours of imported items and papers processing at ports and airports to ease business operations....

    • Posted May 25, 2017
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  • CBN
    Senate queries CBN over non-circulation of coins

    The Senate yesterday frowned at the non-circulation of coins in the country, urging the Central Bank of Nigeria (CBN) to intensify efforts at addressing the situation. This followed a motion sponsored by Senator Mustapha Bukar (APC, Katsina)...

    • Posted May 24, 2017
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  • CBN
    CBN seeks to ease Naira pressure with $100 million auction

    The Central Bank of Nigeria (CBN) plans to sell $100 million at a special wholesale spot and forwards auction on Monday as it tries to improve dollar liquidity and ease pressure on the Naira. Africa’s largest economy,...

    • Posted May 23, 2017
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  • Ibe Kachikwu 2
    I’ll resign if Nigeria continues fuel importation by 2019 – Kachikwu

    Minister of state for Petroleum Resources Dr. Ibe Kachikwu said he will quit from the government if he fails to deliver on the promise to end fuel importation in Nigeria by 2019. Speaking in an interview on...

    • Posted May 23, 2017
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