All posts by BusinessNews Staff

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  Nigeria, others fail to agree on oil freeze deal

  Some of the world’s biggest oil producers, including Nigeria, on Sunday failed to agree on the proposed production freeze for which they converged on Doha, the Qatari capital, in a bid to limit global supply and prop...

  • Posted April 19, 2016
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  Stanbic IBTC expresses commitment to SME development

  Citing capital as the single most important factor for the sustainable growth of small and medium scale enterprises (SMEs), the Head, SME Banking, Stanbic IBTC Bank, Mr. Obinna Ukachukwu, has assured that the bank is committed to...

  • Posted April 19, 2016
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  Airlines may ground flights as fuel scarcity bites harder

  Airline operators have urged passengers to expect more delays or cancelled flights as the scarcity of aviation fuel, known as Jet A1, bites harder, adding that scheduled operations may stop altogether, unless more fuel is delivered in...

  • Posted April 19, 2016
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  2.6GHz will boost spectrum availability for broadband – NCC

  The Nigerian Communications Commission (NCC) has restated the importance of the planned auction of the 2.6GHz spectrum frequency, insisting that it will enhance the availability of spectrum for speedy deployment of broadband services across the country. The...

  • Posted April 19, 2016
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  Why Yuan currency swap will reduce pressure on forex market – Emefiele

  Central Bank of Nigeria (CBN) Governor, Mr. Godwin Ifeanyi Emefiele, has expressed optimism that the agreement reached between Nigeria and China last week on a currency swap will strengthen the naira and help reduce the strong demand...

  • Posted April 19, 2016
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  FG subsidises petrol by N10.31 per litre

  The marginal rise in the price of crude oil in the international market has led to an increase in the actual cost or Expected Open Market Price of the Premium Motor Spirit, popularly called petrol, in Nigeria....

  • Posted April 18, 2016
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  Nigeria doesn’t need IMF loan – FG

  The Federal Government has said the economic challenges currently facing the country are surmountable without it having to take any loan from the International Monetary Fund. The Minister of Finance, Mr Kemi Adeosun, stated this while speaking...

  • Posted April 18, 2016
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  NIPOST to introduce banking services to rural areas — Shittu

  The Nigerian Postal Services will soon introduce banking services to rural areas of Nigeria, Minister of Communications, Adebayo Shittu, has said. Shittu told the News Agency of Nigeria on Sunday in Abuja, that the banking services would...

  • Posted April 18, 2016
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  Fuel queues won’t disappear till May — Marketers

  The queues for petrol in major cities across the country will not disappear completely until next month, oil marketers have said. This is coming as motorists and other petrol seekers still formed queues in front of many...

  • Posted April 18, 2016
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  FG’s $6bn Chinese deal comes with proviso

  Details of the $6 billion dollars investments deal reached with the Chinese Government during President Muhammadu Buhari’s state visit to China last week emerged at the weekend showing that a conditional stipulation that Nigeria must not deal...

  • Posted April 18, 2016
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