All posts by BusinessNews Staff

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  Operators call for establishment of aircraft maintenance facility in Nigeria

  The Managing Director/CEO of Toucan Aviation Support Services, Achuzie Ezenagu has called on the federal government and stakeholders in the industry to urgently establish a major Maintenance, Overhaul and Repair (MRO) facility in Nigeria. Ezenagu, who made...

  • Posted March 22, 2016
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  With $24.547m, Zenith records highest forex allocation from CBN

  For the second time since banks started publishing their returns on foreign exchange (forex) utilisation purchased from the Central Bank of Nigeria (CBN), Zenith Bank Plc got the highest allocation garnering a total of $24,547,235.36 million. Zenith...

  • Posted March 22, 2016
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  Concerns over government’s undue interference in NCC’s role

  Telecoms industry stakeholders have expressed concerned that the Presidential arm of government is making too much incursion into the activities of the Nigerian Communications Commission (NCC). They have expressed worries that such action could usurp the powers...

  • Posted March 22, 2016
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  Stakeholders canvass for economic policy, expanded management team

  The disclosure that the country’s inflation rate has entered the double-digit level has attracted a twin call on the federal government to “expand the economic management team to include more private sector operators” and “come up with...

  • Posted March 21, 2016
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  All-Share Index drops 1.13% despite hike in trading

  Activities on the floor of the Nigerian Stock Exchange improved last week, which ended on Friday, as a total of 11.907 billion shares were traded for N18.338 billion in 19,508 deals compared with a total of 1.111...

  • Posted March 21, 2016
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  Rising inflation, forex volatility key issues as MPC meets

  Rising inflation, foreign exchange volatility, and stunted economic growth are key issues that will be discussed at the meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), which begins tomorrow, analysts have...

  • Posted March 21, 2016
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  Naira devaluation: Investors proffer alternatives

  Rather than weaken the local currency, which will further harm the already hard-hit economy, investors in the country have advised the Federal Government to look at other options of strengthening the economy. According to the Chairman of...

  • Posted March 20, 2016
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  S&P revises Nigeria’s outlook to B+ Negative, foreign trade drops to N3.65tn

  One of the biggest global rating agencies, Standards & Poor’s (S&P) has revised Nigeria’s sovereign credit outlook to negative, from the stable it was previously. Nigeria currently has a B+ rating by the agency. It also emerged...

  • Posted March 20, 2016
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  FG plans huge investment in shipping to diversify economy

  The federal government is set to invest heavily in shipping in line with its diversifying programme. The government has also promised to invest in capacity building by equipping port state control (PSC) inspectors working in the Nigerian...

  • Posted March 19, 2016
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  Access Bank grows profit by 53% to N66bn, pays 30kobo final dividend

  Access Bank Plc on Thursday excited the capital market community with an impressive financial performance for the year ended December 31, 2015. The bank reported growth in all performance indicators despite the economic headwinds. Gross earnings rose by...

  • Posted March 19, 2016
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