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All posts by BusinessNews Staff

  • Kano launches Anchor Borrowers Scheme to enhance rice production

    Kano State Government on Thursday in Kano formally launched the state/CBN Anchor Borrowers Scheme in its efforts to diversify agricultural production for food security, job creation and economic diversification. The state Deputy Governor, Professor Hafiz Abubakar, who...

    • Posted June 21, 2016
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  • CAP Plc records improved results, pays N1.645bn dividend

    Shareholders of CAP Plc, a  subsidiary of UAC of Nigeria Plc, are to receive a total dividend of N1.645 billion for the year ended December 31, 2015, following an impressive performance for the year. The dividend, which...

    • Posted June 21, 2016
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  • Banking Index rises 11.9% as investors swoop on stocks

    Apparently aware of the positive impact the new foreign exchange (forex) policy of the Central Bank of Nigeria (CBN) will have on the performance of banks, some investors have increased demand for banking stocks. This development led to...

    • Posted June 21, 2016
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  • Stock Market maintains upward streak, rallies 8% in 3 days

    In response to the release of the flexible foreign exchange framework last Wednesday, the Nigerian stock market continued its rally last Friday as the Nigeria Stock Exchange All-Share Index (NSE-ASI) recorded a total of 7.97 per cent...

    • Posted June 20, 2016
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  • Power sector loses N36bn to gas shortage

    In less than three weeks, Nigeria’s power sector lost over N36bn, primarily as a result of gas shortage caused by the recent bombing of pipelines supplying gas to electricity generation plants. Specifically, between May 27 and June...

    • Posted June 20, 2016
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  • EU woos Nigeria with N1.4tn EPA offer

    The European Union has asked Nigeria to sign the Economic Partnership Agreement with attractive offers including a €6.5bn (about N1.4tn) Development Programme that will enhance the capacity of Nigerian businesses. The Trade Counsellor, EU Delegation to Nigeria...

    • Posted June 20, 2016
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  • NNPC unpaid bills hit $1.8bn

    The drop in the nation’s crude oil production and exports largely in recent months may have drastically worsened the inability of the Nigerian National Petroleum Corporation to meet its cash call obligations to its joint venture partners....

    • Posted June 20, 2016
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  • FG seeks growth in non-oil exports

    The Nigerian Export Promotion Council says Nigerians have yet to explore the opportunities in the non-oil export business, especially in agriculture. It therefore called on chambers of commerce and industries across the South-West to educate their members...

    • Posted June 19, 2016
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  • Naira, stocks soar further on new forex policy

    The naira firmed at the parallel market on Friday, while stocks posted their biggest weekly rally in 14 months as domestic funds snapped up shares following the Central Bank of Nigeria’s currency reforms designed to attract foreign...

    • Posted June 19, 2016
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  • We have approval to spend on roads – Fashola

    The Minister of Power, Works and Housing, Babatunde Fashola, on Thursday said his ministry had received the required authority to spend on road projects. According to him, the government will pay more attention to roads with the...

    • Posted June 18, 2016
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