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All posts by BusinessNews Staff

  • Nigeria Customs Service_0
    Anxiety trails Ports infrastructure audit

    It is about nine years since the nation’s seaports were handed over to the private operators under a concession programme. Prior to 2006, the Nigerian Ports Authority (NPA) handled terminal operation, a major statutory function that was...

    • Posted August 31, 2015
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  • 170812N-Power-Plant
    Power firms not ready for commercial market — TCN

    The continued flouting of the contractual demands of the Transitional Electricity Market by power distribution companies is a clear indication that the firms are not prepared for the take-off of TEM, which was declared in February this...

    • Posted August 31, 2015
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  • CBN
    Interbank rates ease on cash inflows

    The nation’s interbank lending rates fell sharply to 8.25 per cent on average this week from 40 per cent last week after budgetary allocations to government agencies on Thursday raised liquidity levels in the money market. The...

    • Posted August 30, 2015
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  • OIL-INSTALLATION
    India’s import of Nigeria’s oil hits record high

    Import of Nigerian crude oil by India hit a record high of 20.373 million barrels in April, helping to reverse the drop in Asia’s imports of the nation’s crude, a new report by the Nigerian National Petroleum...

    • Posted August 30, 2015
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  • Drugs01
    FG, US build pharmaceutical warehouse in Lagos

    The United States is set to assist the Federal Government to build its first pharmaceutical warehouse in Nigeria. The US, through the US Agency for International Development, and in partnership with the Global Fund for Acquired Immune...

    • Posted August 30, 2015
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  • nimasa
    NIMASA introduces new medical certification

    The Nigerian Maritime Administration and Safety Agency (NIMASA) has introduced new Seafarer’s Medical Certification Documents in compliance with extant requirements of the Maritime Labour Convention (MLC) 2006 and Standards of Training, Certification and Watch keeping (STCW) 1998...

    • Posted August 30, 2015
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  • CBN HQ, FCT
    CBN’s forex ban will boost naira stability – Expert

    The decision of the Central Bank of Nigeria to deny importers of 41 items access to the nation’s foreign exchange markets through Deposit Money Banks is paying off and is in the right direction, a financial expert...

    • Posted August 29, 2015
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  • 2nd-Niger-Bridge-0908
    We’ve committed $2.2m to Second Niger Bridge – NSIA

    The Nigerian Sovereign Investment Authority has put its total commitment to the construction of the Second Niger Bridge at $2.21m (N435.4m). The project is structured as a Public Private Partnership and will be constructed and operated on...

    • Posted August 29, 2015
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  • Shell logo
    Shell declares force majeure on Bonny Light exports

    Barely a week after it resumed gas supplies to the Nigeria LNG Limited from the Eastern Gas Gathering System, Shell Petroleum Development Company has declared force majeure on Bonny Light crude oil exports. Bonny Light is one...

    • Posted August 29, 2015
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  • Saraki 1
    Senate probes Customs, FIRS over N567bn scam

    The Senate on Thursday commenced investigation into the alleged unauthorised spending of N567bn being the cost of tax collected by the Nigerian Customs Service and the Federal Inland Revenue Service from January 2005 to July 2015. A...

    • Posted August 29, 2015
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