All posts by BusinessNews Staff

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  GTBank expects further rise in inflation this year

  Guaranty Trust Bank Plc says it expects a further rise in inflation to the lower double digits in 2016. The position of the bank was made known by its Chairman, Mrs. Osaretin Demuren, at the 26th Annual...

  • Posted April 7, 2016
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  Blackout: Shiroro, Sapele power plants shut

  The nation’s electricity woes worsened on Tuesday as two additional power generating plants were shut down, bringing the total number of plants not generating any megawatts of electricity to 10. The two shut plants are Shiroro Power...

  • Posted April 7, 2016
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  Buhari will get budget details this week – Rep

  A member of the House of Representatives, representing Agege Federal Constituency, Lagos State, Taofeek Adaranijo, on Tuesday said the full details of the 2016 Appropriation Bill would be forwarded by the National Assembly to President Muhammadu Buhari...

  • Posted April 7, 2016
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  Shareholders demand better returns from insurance sector

  Shareholders, under the aegis of Progressive Shareholders Association of Nigeria (PSAN) have called on the  National Insurance Commission (NAICOM) to put in place policies that would increase insurance penetration and enhance  investors’ returns. The shareholders, who also decried...

  • Posted April 7, 2016
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  Port Harcourt Chamber calls for flexible exchange regime

  The Port Harcourt Chamber of Commerce has stressed the need to have a flexible forex regime in the country. This, the Chamber said can apparently be achieved with an aggressive pursuit of an export-based economy to earn...

  • Posted April 7, 2016
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  Economic diversification: FG urged to invest in cruise industry

  The Managing Director, Cruises International, Mr. George Argyropoulos has called on the federal government to tap into the fortunes of the global cruise industry as a way of diversifying the economy and creating job opportunities for Nigerians....

  • Posted April 7, 2016
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  Market sheds N1.1tn in three months on bleeding banking stocks

  The Nigerian stock market shed N1.1 trillion in the first quarter of 2016 as banking stocks bled following investors’ negative reactions to profit warnings and huge impairment charges recorded by banks for the 2015 financial year. The...

  • Posted April 7, 2016
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  FirstBank records 45% of bills payment services on ATM

  First Bank of Nigeria Ltd, a subsidiary of FBN Holdings presently accounts for 45 percent of bills payment services on ATM in the nation’s banking industry as at December 2015. As at December 2015, about 275,000 bill...

  • Posted April 7, 2016
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  Kachikwu’s directive on errant petrol stations still in force – DPR

  The Department of Petroleum Resources (DPR) has reminded petroleum marketers that the directive by the Minister of State for Petroleum, Dr. Ibe Kachikwu that retail outlets hoarding petrol should be sealed and their product given out for...

  • Posted April 6, 2016
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  Dangote Group, an emerging global player from Africa – ECCIMA

  The Enugu Chamber of Commerce, Industry, Mines and Power (ECCIMA),has commended Dangote Group for African industrialisation. Dangote Group’s giant strides in establishing cement plants across Africa has attracted commendation of the ECCIMA), which described the conglomerate as...

  • Posted April 6, 2016
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