All posts by BusinessNews Staff

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  Lagos light rail ready in December — Ambode

  Governor Akinwunmi Ambode of Lagos State says Lagosians will start using the blue line of the light rail project by December 2016. Ambode spoke during the 5th Lagos Corporate Assembly, a forum for public-private sector engagement, at...

  • Posted February 20, 2016
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  FG may further cut petrol price – PPPRA

  The continued fall in crude oil price may lead to a further cut in the pump price of petrol by the Federal Government any time soon, the outgoing Executive Secretary of the Petroleum Products Pricing Regulatory Agency,...

  • Posted February 20, 2016
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  We’ve had enough of imports – Aisha Buhari

  The wife of the President, Hajiya Aisha Buhari, has remarked that Nigeria has had enough of importation, adding that it is time to look inwards and start producing things locally. She made the remark during the launching...

  • Posted February 20, 2016
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  Bua, Chinese firm plan N374bn steel, cement plants

  An indigenous conglomerate, the Bua Group, has resumed discussions with a Chinese firm, Sinoma International Engineering Company, on plans to construct a steel plant in Nigeria and two cement factories in East Africa. The Chairman, Bua Group,...

  • Posted February 20, 2016
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  EU pledges to assist Nigeria diversify economy

  The European Union (EU) has promised to assist Nigeria attract the requisite investments that could aid ongoing efforts to diversify her economy as crude oil prices continue to fluctuate. Head of Delegation and EU Ambassador in Lagos,...

  • Posted February 20, 2016
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  Fitch upgrades Access Bank ratings

  Global rating agency, Fitch Ratings has upgraded Access Bank’s long-term national ratings with a stable outlook. The global credit ratings and research firm also affirmed the Long-term IDRs of Access Bank and National Ratings. The National Rating...

  • Posted February 20, 2016
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  FG earmarks N120bn for Lagos-Kano-Calabar standard railway tracks

  The Minister of Transportion, Rotimi Amaechi, on Thursday said the federal government would spend an aggregate of N120 billion for its two new standard (guage) railway tracks to be constructed on the Lagos-Kano and Lagos-Calabar rail corridors...

  • Posted February 20, 2016
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  FG urged to expand sources of Forex inflow

  The Chief Executive Officer, Cowry Asset Management Limited, Mr. Johnson Chukwu, has advised the federal government to implement policies that would stimulate foreign direct investments (FDI) in the country so as to grow its sources of foreign...

  • Posted February 20, 2016
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  Firm gets licence for oil refinery in Lagos

  The Chairman of Integrated Oil and Gas Limited, Capt. Emmanuel Ihenacho (retd), has said the company has received a licence to establish an oil refinery along the coast of Lagos. At a press briefing in Lagos on...

  • Posted February 19, 2016
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  Oil projects in Nigeria, others face longer delays

  Nigeria and its counterparts in the West African region may continue to see delays in investment even after a rebound in the global oil markets, where low prices have forced firms to put major projects on hold....

  • Posted February 19, 2016
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