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All posts by BusinessNews Staff

  • GNI partners Interswitch on premium payment

    Great Nigeria Insurance Plc has introduced PayDirect and Quickteller payment solutions to make it easier for customers to pay for their insurance premiums at any Deposit Money Bank nationwide. The firm, in a statement by its Corporate...

    • Posted February 19, 2016
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  • Investors trade N1.9bn shares amidst continuing bear run

    The performance of the stock market was mixed on Wednesday as the volume of trading rose while the value of trading declined. Also, the bears that returned after six days of absence consolidated their hold on the...

    • Posted February 19, 2016
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  • Suspending electricity tariff hike will be costly for Nigeria – Discos tell Senators

    The 11 electricity distribution companies (Discos) in the power sector wednesday warned that the order by the Senate asking the Nigeria Electricity Regulatory Commission (NERC) to suspend the electricity tariff hike would come with consequences that the...

    • Posted February 19, 2016
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  • FirstBank, Zenith lead in forex allocation from CBN

    THISDAY’s review of the latest returns on utilisation of foreign exchange bought by 14 commercial banks from the Central Bank of Nigeria (CBN) has shown that First Bank of Nigeria Limited (FirstBank) with a total of $25,701,921.17...

    • Posted February 19, 2016
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  • Nigeria’s external reserves fall to $27.840billion

    Nigeria’s external reserves stood at $27.840 billion as at last Thursday. The latest position of the reserves showed that it has depreciated by $251 million this month, compared with the $28.091 billion it was at the beginning...

    • Posted February 18, 2016
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  • Budget: FG’s planned borrowings to increase debt stock to 12.8% of GDP

    The projected net borrowings in the federal government’s 2016 budget proposals will increase the government’s debt stock by a further 1.8 per cent, taking Nigeria’s total debt to 12.8 of gross domestic products (GDP), THISDAY checks have...

    • Posted February 18, 2016
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  • Profit-taking halts six-day gaining streak at Stock Market

    The Nigerian stock market shed 1.26 per cent on Tuesday as profit taking by  some investors halted  its six-day gaining streak. The market has been bullish for the past few days as investors reacted to corporate earnings...

    • Posted February 18, 2016
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  • Kachikwu’s shuttle diplomacy may pay off, Russia, Saudi Arabia agree to freeze oil output

    The push by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to get major oil producers such as Saudi Arabia and Russia to agree to production cuts in order to shore up oil prices, may...

    • Posted February 18, 2016
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  • FirstBank boss seeks increased financial inclusion

    As part of efforts to drive financial inclusion, the Deputy Managing Director -designate, FirstBank Nigeria Limited, Mr. Gbenga Shobo will be delivering a lecture themed: “Financial Inclusion: Unleashing the Potential in the Informal Sector, at a  session...

    • Posted February 18, 2016
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  • Customs release new guidelines on seized goods disposal

    The Nigeria Customs Service has approved a new procedure for the disposal of seized and overtime goods in its bid to address some of the perceived irregularities relating to the system, including fake online auctions. The NCS...

    • Posted February 18, 2016
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