All posts by BusinessNews Staff

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  Recession: Economists advise FG to boost exports

  Economists on Wednesday called on the Federal Government to stimulate the level of exports of goods and services in order to take the country out of recession. The economists said at a monthly round-table in Abuja on...

  • Posted August 5, 2016
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  Immigration laments inadequate facilities to secure seaports

  The Nigeria Immigration Service has said its officials are inadequately equipped to secure the maritime domain. The Assistant Comptroller General Immigration, Border Patrol and Marine Service Headquarters Abuja, Saro-John Uaebari, said this at a three-day capacity building...

  • Posted August 5, 2016
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  Oil firms count losses as militants worsen woes

  Chevron and Eni, two of the global oil majors operating in Nigeria, and their local counterparts such as Seplat and Oando may have been worst hit by the production disruptions occasioned by militant attacks in the Niger...

  • Posted August 5, 2016
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  FG introduces armed guards on Abuja-Kaduna trains

  To ensure the security of lives and property on the Abuja-Kaduna rail, the Federal Government on Wednesday announced that it had introduced armed guards on the trains that ply the rail line. It also stated that it...

  • Posted August 5, 2016
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  Multiple taxes crippling telecoms industry – NCC

  The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta‎ has raised the alarm that multiple taxes on telecommunication infrastructure by the various tiers of government was a major impediment to the growth of...

  • Posted August 5, 2016
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  Dangote Cement reaps benefits of African expansion

  The diversification of Dangote Cement Plc into other part of Africa has started yielding positive results, the Chief Executive Officer of the company, Onne Van der Weijde has said. Weijde, who disclosed this yesterday at the company...

  • Posted August 5, 2016
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  FCMB, Diamond Banks plan fresh capital raising

  Diamond Bank Plc and First City Monument Bank Limited (FCMB) have disclosed plans to raise fresh capital. Diamond Bank said it is considering raising fresh capital and selling some assets in order to strengthen its capital base,...

  • Posted August 5, 2016
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  US firm to build 300MW solar plant in Enugu

  A US-based renewable energy power firm, Motir DuSable Power Investment Limited, is to build 300MW solar plant in Enugu State. The first phase of the project, estimated at about $200million will inject 100mega watts of power into...

  • Posted August 5, 2016
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  LAMATA, Japan to build $1bn Lagos urban rail

  The Lagos State Government says it will partner the private sector, speficically Japan International Cooperation Agency, to construct a $1bn urban rail line. The state Commissioner for Transportation, Dr. Dayo Mobereola, said this during a seminar by...

  • Posted August 4, 2016
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  Ajaokuta: Global Steel abandons arbitration, gets Itakpe

  Global Steel Holdings Limited may have abandoned the arbitration process that it instituted at the Court of International Arbitration, London to reclaim the Ajaokuta Steel Complex from which it was sacked by the Federal Government. The Director-General,...

  • Posted August 4, 2016
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