All posts by BusinessNews Staff

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  Electricity consumers paying outrageous bills – NERC

  The Nigerian Electricity Regulatory Commission on Thursday said it had commenced investigations into the various metering claims presented to it by power distribution companies. It also stated that it had set up task forces to monitor the...

  • Posted April 30, 2016
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  Create jobs to fight unemployment – FG tells Nigerians

  The Federal Government has called on Nigerians to fight unemployment through employment generation, entrepreneurship development, mentoring and all other ventures that seek to promote self-reliance and development. The Minister of Labour and Employment, Dr. Chris Ngige, made...

  • Posted April 30, 2016
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  International airlines operators in Nigeria earn N302bn from ticket sales

  Airlines that operate international destinations from Nigeria made over N302 billion ($15 billion) from ticket sales in 2015. The airlines included European mega carriers, US carriers, African and indigenous operators. Among the major carriers emirates earned the...

  • Posted April 30, 2016
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  Stanbic IBTC stockbrokers unveil e-trading platform on NSE

  Nigeria’s largest stockbroking firm and member of Stanbic IBTC Holdings PLC, Stanbic IBTC Stockbrokers Limited has launched an online stockbroking service on the Nigerian Stock Exchange (NSE) with real-time processing capacity. The Stanbic IBTC E-Trade provides investors...

  • Posted April 30, 2016
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  LIRS engages 1,200 tax audit professionals

  In its drive to ensure full maximisation of its revenue generating potential and to commence tax audit exercise of 2016 in earnest, the Lagos State Internal Revenue Service ((LIRS) has engaged 1,200 members of the Chartered Institute...

  • Posted April 30, 2016
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  Buhari promises States more money

  President Muhammadu Buhari on Thursday promised to make more money available to states to tide them over the prevailing financial difficulties that have made it impossible for them to pay their workers’ salaries for months. The president made...

  • Posted April 30, 2016
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  Buhari seeks World Bank’s help to revive economy

  The Managing Director and Chief Operating Officer of the World Bank, Sri Mulyani Indrawati, held talks with President Muhammadu Buhari in Abuja on Wednesday on how the bank could help Nigeria overcome an economic crisis caused mainly...

  • Posted April 29, 2016
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  NNPC restructuring ongoing – Kachikwu

  The restructuring at the Nigerian National Petroleum Corporation has not ended but is ongoing, the Minister of State for Petroleum Resources and Group Managing Director of the oil firm, Dr. Ibe Kachikwu, has said. According to Kachikwu,...

  • Posted April 29, 2016
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  Lagos ports idle as imports tumble

  Activities at the Lagos ports have gradually come to a grinding halt as the foreign exchange restrictions announced last year by the Federal Government takes a heavy toll on the nation’s economy. This situation has left many...

  • Posted April 29, 2016
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  FG to address challenges in insurance sector

  The Minister of Finance, Mrs. Kemi Adeosun, has said that the Federal Government will address the low performance of the insurance sector. She said this during the West African Insurance Companies’ Association educational conference in Lagos on...

  • Posted April 29, 2016
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