Don't Miss


All posts by BusinessNews Staff

  • NLNG subsidiary cuts workers’ salaries by 50%

    Seafarers in the employ of the Nigerian Liquefied Natural Gas Ship Management Limited, a subsidiary of the Nigeria LNG Limited, will from September 1 receive half of their current salaries. The decision is said to be in...

    • Posted August 12, 2016
    • 0
  • Apapa, Tincan Customs generate N158.1bn

    The Apapa and Tincan commands of the Nigeria Customs Service have generated a total of N130.7bn in the last seven months. While the Apapa Command generated N27.4bn in June, its highest revenue since the start of the...

    • Posted August 12, 2016
    • 0
  • NEPC targets $150bn forex reserves with new strategy

    The Nigerian Export Promotion Council said on Tuesday that the effective implementation of its new strategy on non-oil export would enable the country to increase its foreign exchange reserves to $150bn within the next 10 years. The...

    • Posted August 11, 2016
    • 0
  • Petrol should sell for N151.87/litre – Marketers insist

    Though attempts have been made to assure Nigerians that there are no plans to increase the pump price of Premium Motor Spirit, popularly referred to as petrol, The PUNCH has gathered that the actual price at which...

    • Posted August 11, 2016
    • 0
  • Consumers turn to charcoal as kerosene price rises

    Charcoals sellers in FCT are now smiling to banks due to recent increase in the price of Kerosene. The price of kerosene in the area has risen from N50 to N300 per litre. Some charcoal sellers in...

    • Posted August 11, 2016
    • 0
  • Shell declares force majeure on gas supply to NLNG

    Shell Petroleum Development Company of Nigeria Ltd has declared force majeure on gas supply to the Nigeria LNG’s export facility on Bonny Island. Force majeure is a legal clause that allows companies to cancel or delay deliveries...

    • Posted August 11, 2016
    • 0
  • Lagos pays N16.33bn to retirees in 12 months

    The Lagos State Government said it paid N16.33bn to 3,924 retirees as accrued pension rights through the Lagos State pension Commission from August 2015 to July this year. The Director-General, LASPEC, Mrs. Folashade Onanuga, disclosed this while...

    • Posted August 11, 2016
    • 0
  • 10 broking firms facilitate N414bn investment in equities

    Ten top stockbrokers facilitated the trading of 78.189 billion equities worth N414.11billion on the Nigerian bourse between January and July 2016, THISDAY investigation has revealed. The performance represents 58.3 per cent of the total transactions for the...

    • Posted August 11, 2016
    • 0
  • Access Bank upgrades its digital solution, PayWithCapture

    Determined to make its digital banking application fast, convenient and hassle-free, Access Bank Plc has refreshed the revolutionary lifestyle solution, PayWithCapture to a more illimitable version. The latest version, PayWithCapture 5.0, according to a statement from the...

    • Posted August 11, 2016
    • 0
  • Concerns grow over Nigeria’ rising Misery Index

    Nigeria’s misery index, which has risen to an all-time high of 47.7 per cent, has sparked Nigerians panic about the state of the economy. The Managing Director/Chief Executive Officer, of Financial Derivatives Company Limited (FDC), Mr. Bismarck...

    • Posted August 11, 2016
    • 0