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All posts by BusinessNews Staff

  • SEC pays N30m to investors of failed market operators

    The Director General, Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo  on Wednesday disclosed that over N30 million had been paid to about 530 investors of failed companies in the capital market under the National Investor Protection...

    • Posted February 26, 2016
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  • Nigeria, Qatar push for oil output cuts to raise prices

    Following Tuesday’s meeting between President Muhammadu Buhari and the ruler of Saudi Arabia, King Salman Bin Abdulaziz Al Saud, during which they both committed to work towards a stable oil market and a “rebound of oil prices”,...

    • Posted February 26, 2016
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  • Budget: House Committees to submit reports latest Friday

    The standing committees of the House of Representatives have been directed to submit their reports from the budget defence of the ministries, departments and agencies (MDAs) over which they had oversight to the committee on appropriation latest...

    • Posted February 26, 2016
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  • FBN shares fall to 13-year low on earnings warning

    Shares of FBN Holdings Plc fell to  its lowest level in almost 13 years on Wednesday after  Nigeria’s largest lender by assets warned that  earnings for the full year  ended December 31, 2015,  would  be lower than...

    • Posted February 26, 2016
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  • Maintenance work on LNG train to last till April

    The Nigeria LNG Limited says it is carrying out scheduled maintenance work on one of its six Liquefied Natural Gas trains. The maintenance of the train would last till the first week of April, the company said...

    • Posted February 25, 2016
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  • FG set to revoke 1,500 mining licences

    The Federal Government is set to revoke at least 1,500 mining licences and leases on account of dormancy, The PUNCH has learnt. This indication emerged on Tuesday just as the Ministry of Solid Minerals Development said it...

    • Posted February 25, 2016
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  • We will pay states for verified road projects – Fashola

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday said President Muhammadu Buhari had established an inter-ministerial committee to verify claims by state governments of money spent on federal roads. He stated that the...

    • Posted February 25, 2016
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  • NSE extends Onyema’s tenure as CEO for another five years

    The National Council of the Nigerian Stock Exchange (NSE) has renewed the  employment contract of  Mr. Oscar  Onyema  as the chief executive officer for the exchange  for another  term of five years effective immediately. Onyema has been...

    • Posted February 25, 2016
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  • CBN moves to strengthen DFIs, launches final operating guidelines

    The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday reiterated the bank’s commitment towards making the Development Finance Institutions (DFIs) in the country more pro-active and better equipped to support the present...

    • Posted February 25, 2016
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  • Discos insist on electricity tariff increase

    Power distribution companies met briefly with the Nigerian Electricity Regulatory Commission on Monday and insisted that the increase in electricity tariffs across the country would be implemented regardless of a resolution by the Senate mandating them to...

    • Posted February 24, 2016
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