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All posts by BusinessNews Staff

  • Shareholders of five banks to share N149bn in dividends

    Shareholders of five banks will receive a sum of N149 billion in dividends for the 2015 financial despite the poor state of capital market in 2015. The Nigerian Stock Exchange (NSE) All-Share Index, which measures the aggregate performance...

    • Posted March 31, 2016
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  • Fidelity Bank partners NEPC, LBS to build capacity for exporters

    As part of efforts to promote activities in the non-oil sector and also empower exporters in the country, Fidelity Bank Plc has gone into a partnership with the Nigerian Export Promotion Council (NEPC) and the Lagos Business...

    • Posted March 31, 2016
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  • Nigeria’s Business Confidence Index down to 12-month low

    Nigeria’s inflationary pressures intensified in the month of March, pushing all five parameters of the Sales Managers Index to a 12-month low. A new set of data released on Monday by the London-based World Economics shows Nigeria’s...

    • Posted March 31, 2016
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  • Oil price slump reduces sector’s output by N3.6tn

    The massive drop in global oil prices impacted negatively on the performance of the Nigerian oil and gas sector, which recorded a decline of N3.6tn in output in the 2015 fiscal period. A report showing the performance...

    • Posted March 30, 2016
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  • MSMEs have lost N30bn to fuel scarcity – ACCI

    About N30bn has been lost by Micro, Small and Medium-scale Enterprises in the last 30 days owing to the persistent fuel scarcity being experienced across the country. The President, Abuja Chamber of Commerce and Industry, Mr. Tony...

    • Posted March 30, 2016
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  • Most NSE stock prices not fair value – Shareholders

    The prices of most stocks quoted on the floor of the Nigerian Stock Exchange have been described as ‘not fair’ considering the positions of the firms in question and the level of investment in them by shareholders....

    • Posted March 30, 2016
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  • Fashola secures release of 300,000 legally encumbered PHCN meters

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola has disclosed that he has secured the release of about 300,000 electricity meters which belonged to defunct Power Holding Company of Nigeria (PHCN) but were locked up...

    • Posted March 30, 2016
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  • NNPC unveils strategies to end current fuel scarcity in next few days

    Apparently miffed by the controversy generated by the declaration of the Minister of State for Petroleum, Dr. Ibe Kachikwu, that the current petrol shortages could last up to two months, the Nigerian National Petroleum Corporation (NNPC) has...

    • Posted March 30, 2016
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  • Shell increases gas production in Eastern Niger Delta

    Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture has announced that more gas is being produced from Agbada field in the Eastern Niger Delta in support of federal government’s aspiration of increasing domestic gas production...

    • Posted March 30, 2016
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  • Zenith maintains lead in forex allocation from CBN

    For the second week in a row, Zenith Bank Plc has maintained its lead with the highest allocation of foreign exchange from the Central Bank of Nigeria (CBN), the returns on utilisation of forex published by banks...

    • Posted March 30, 2016
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