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All posts by BusinessNews Staff

  • DG-SEC-Arunma-Oteh
    SEC urges shareholders to focus on long term investment

    A Director and Secretary to the Securities and Exchange Commission (SEC), Mr. Edosa Aigbekaen has urged investors to pay more attention to long term investment in the Nigerian capital market so that companies can grow and create...

    • Posted November 23, 2014
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  • Keystone-Bank-
    Keystone Bank unveils package for Nigerians in Diaspora

    A significant highlight of Nigeria’s participation at the 2014 WTM London was the unveiling of a value added banking product by Keystone Bank, one of the strongest players in the banking sector. According to Yetunde Emmanuel Yusuf,...

    • Posted November 23, 2014
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  • NSE-Building-Lagos
    NSE index sheds 2.09% as 42 stocks fall

    The equities segment of the Nigerian Stock Exchange closed on a negative note on Thursday following a broad sell-off by investors. The NSE All Share Index fell by 2.09 per cent or 717.03 basis points from 34,145.79...

    • Posted November 23, 2014
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  • Joseph Odumodu 1
    SON promises new measures to remove substandard products

    The Director-General, Standards Organisation of Nigeria, Dr. Joseph Odumodu, has promised to continue to devise measures aimed at removing substandard products from the nation’s markets. He made the pledge when he led a facility inspection tour to...

    • Posted November 23, 2014
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  • OIL-INSTALLATION
    Theft, sabotage force oil production down to 2.2mbpd

    Rising cases of oil theft, production disruption and delay in the passage of the Petroleum Industry Bill have forced down the nation’s oil production targets. In the 2013 budget, the country had targeted 2.53 million barrels per...

    • Posted November 23, 2014
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  • Olusegun-Aganga
    Aganga to highlight benefits of Auto Policy at NAJA Awards

    All is now set for the hosting of the 2014 Nigeria Auto Journalists Awards slated for Eko Hotel and Suites, Victoria Island, Lagos, with the Minister of Industry, Trade and Investment, Dr. Olusegun Aganga as the Special...

    • Posted November 23, 2014
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  • Abiola-Ajimobi
    Oyo witnessed $3.49m capital importation in first half of 2014 – Ajimobi

    Governor Abiola Ajimobi of Oyo State has said the amount of capital importation into the state had increased by 69 per cent, approximating $3.49 million, up from $500,000 between the first and second quarter in the year....

    • Posted November 23, 2014
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  • Sonny-Kuku
    Bank directors seek increased remuneration

    The Bank Directors Association of Nigeria (BDAN) has highlighted the need for increased remuneration for their members in view of the role they play in the banking sector. BDAN President, Dr. Sonny Kuku made this call in...

    • Posted November 22, 2014
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  • railway
    Chinese firm signs $12bn deal to build Lagos-Calabar railway line

    A state-owned Chinese company has signed a $12 billion agreement with the federal government to build a railway along Nigeria’s coast that is billed as China’s single largest overseas contract, the state media said on Thursday. China...

    • Posted November 22, 2014
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  • 030614F.Sam-Amadi
    Electricity consumers to pay more from December – NERC

    There are indications that consumers will pay more for electricity from December 1, 2014 when the new price of gas for generating power takes effect. The Nigerian Electricity Regulatory Commission confirmed the development on Thursday in Abuja,...

    • Posted November 22, 2014
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  • Mustapha_Chike_Obi
    Chike-Obi recommends N10tn capital base for NMRC

    In order for the Nigeria Mortgage Refinancing Company Plc (NMRC) to effectively play its role in the economy, the Managing Director/Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON), Mr. Mustapha Chike-obi has suggested a...

    • Posted November 22, 2014
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  • Victoria-Adejoke-Or
    Oil price slump: FG to increase taxes, IGR

    Owing to the slump in oil prices, the federal government on Thursday disclosed that it had mapped out measures to increase taxes and other forms of internally generated revenue (IGR) in the country. The Lagos State Deputy...

    • Posted November 22, 2014
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