All posts by BusinessNews Staff

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  How Calabar-Lagos rail project was left out of Budget

  More facts have emerged on how the funds proposed for the Calabar-Lagos railway project in the 2016 budget estimates were taken out of the Appropriation Bill by the National Assembly. THISDAY learnt that in the amended budget...

  • Posted April 12, 2016
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  Cocoa farmers await government policy support

  One year on from the election of President Muhammadu Buhari, Nigeria is still awaiting the promised policies to boost the cocoa sector, whose growth is seen as vital to offset a slump in oil revenue that has...

  • Posted April 12, 2016
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  Dangote commences work on Okpella cement plant

  Dangote Cement Plc on Saturday began the construction of a new cement plant in Okpella, Edo State. The new cement plant and others in the pipeline, estimated to cost $1bn, are expected to increase the $3bn the...

  • Posted April 12, 2016
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  FG eyes N1tn JV funds to finance budget deficit

  The Federal Government may use money set aside for funding joint venture projects with foreign and local oil firms to make up any shortfall in the 2016 budget if its revenue projections are not met, the Minister...

  • Posted April 12, 2016
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  Fuel scarcity persists in Lagos, Abuja, others

  Fuel scarcity continued across the country on Sunday as hundreds of motorists and other petrol users formed long queues at the filling stations that dispensed the product. This is contrary to the promise by the Minister of...

  • Posted April 12, 2016
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  e-Dividend: SEC seeks monarch’s support

  The management and staff members of the Securities and Exchange Commission have visited the Oba of Lagos, Oba Rilwan Akiolu, as part of the electronic dividend sensitisation campaign in Lagos. In a statement on Sunday, the Director-General,...

  • Posted April 12, 2016
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  Job losses loom at airports over high tariffs

  There are fresh concerns among airlines, ground and cargo handling companies and other business operators across the nation’s airports with respect to cost of operation and ease of doing business within and around the facilities. The concerns...

  • Posted April 11, 2016
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  Refineries lose N14bn in one month

  The amount of crude oil processed by Nigeria’s three refineries slumped by 224,342 metric tonnes between January and February 2016, the latest financial and operations report of the Nigerian National Petroleum Corporation indicated. It also showed the...

  • Posted April 11, 2016
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  Fiscal crisis: Ambode proposes strategies for national recovery

  Lagos State Governor, Mr. Akinwunmi Ambode at the weekend proposed four key strategies to reverse the prevailing economic challenges currently confronting Nigeria. He said that for Nigeria’s economy to improve substantially, its leaders at the national and...

  • Posted April 11, 2016
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  Scarcity: FG releases 7,000 outstanding petrol loading tickets of independent marketers

  The federal government has begun to release to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) trucks of petrol to offset about 7,000 of their  loading tickets which they said had been outstanding at products...

  • Posted April 11, 2016
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