Don't Miss


All posts by BusinessNews Staff

  • El-Rufai canvasses favourable policies to uplift local airlines

    Kaduna State Governor, Mallam Nasir El- Rufai has called on the federal government to adopt policies geared towards boosting the growth of indigenous airlines. Specifically, the governor said such policies should be favourable to the local operators...

    • Posted March 8, 2016
    • 0
  • Investors shun cheap bank stocks on anticipated poor earnings

    Investors seem not to be willing to stake their funds on equities listed on the banking sub-sector of the Nigerian Stock Exchange (NSE) due to the expectations of poor full year 2015 earnings from the commercial banks...

    • Posted March 8, 2016
    • 0
  • Nigerians to spend N27.5bn on imported textiles by Q4 2016

    About $140 million (N27.5 billion) would be spent on imported textiles by the end of the year, THISDAY findings have revealed. Foreign textiles are among the 41 items that will not benefit from official foreign exchange from...

    • Posted March 8, 2016
    • 0
  • FG will punish banks, importers caught round-tripping – Buhari

    President Muhammadu Buhari has said that banks, importers and individuals involved in round-tripping of dollars they buy from the Central Bank of Nigeria’s (CBN) official market and resell in the parallel market will be made to face...

    • Posted March 8, 2016
    • 0
  • SEC to implement judges’ recommendations on dispute resolution

    The Securities and Exchange Commission (SEC) is making moves to implement the decision reached at the recent 2016 judges’ workshop on effective dispute resolution. The 2016 edition of the SEC Judges workshop was held from 24th to...

    • Posted March 8, 2016
    • 0
  • Refineries record first profit in 12 months

    Nigeria’s three refineries, for the first time since February 2015, were able to make profit at the close of business in January this year, latest figures from the financial and operations report of the Nigerian National Petroleum...

    • Posted March 8, 2016
    • 0
  • Investment inflow into Nigeria drops by N2.3tn

    Over the past three years, the flow of investment into the country has been declining due to issues in the economy, which have made Nigeria not to be the darling of foreign investors again, IFEANYI ONUBAwrites The...

    • Posted March 8, 2016
    • 0
  • Lagos airport passes US security audit

    The United States Transportation Security Administration has passed a vote of confidence in the Murtala Muhammed International Airport, Lagos following the conclusion of a five-day security assessment of the facility. The four-man TSA team expressed satisfaction with...

    • Posted March 8, 2016
    • 0
  • FG to empower 740,000 youths in agriculture

    In its determination to reduce the level of youth unemployment, the Federal Government has unveiled plans to empower 740,000 young agricultural producers in rural areas under its Youth Employment in Agriculture Programme. According to a statement from...

    • Posted March 7, 2016
    • 1
  • Dollar scarcity: Importers explore timber, solid minerals export

    Due to the foreign exchange scarcity and the declining value of the naira, many Nigerian importers have shifted their focus to the export trade, mainly timber and solid minerals. The President of the Shippers Association of Lagos...

    • Posted March 7, 2016
    • 0