All posts by BusinessNews Staff

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  FG targets $150bn from non-oil export in 10years

  The Federal Government is targeting $150 billion extra earning from non-oil exports as part of the country’s Zero Oil Plan (ZOP). At the inaugural meeting of the National Economic Council (NEC) Committee on Export Promotion held in...

  • Posted October 17, 2017
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  Nigeria can’t achieve much without stable energy – IMF

  Without energy, it’s difficult for Nigeria to achieve higher productivity in many sectors of the economy, Mr. Abebe Aemro Selassie, the Director of the International Monetary Fund (IMF’s ) African Department has said. Briefing newsmen over the...

  • Posted October 17, 2017
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  NNPC lures investors to establish refinery in Akwa Ibom

  The Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC) Dr. Maikanti Kacalla Baru, has said that he has engaged investors to establish a refinery in Akwa Ibom State. The NNPC GMD, who said this during...

  • Posted October 16, 2017
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  PZ Cussons shareholders approve N1.9bn dividend

  Shareholders of PZ Cussons Nigeria PLC have unanimously approved a dividend payout of N1.985 billion at a rate of 50 kobo per share yesterday. The approval followed the recommendation of the Board of Directors after considering the...

  • Posted October 16, 2017
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  NNPC shuts Kaduna, Warri refineries over operation costs, TAM

  The Nigerian National Petroleum Corporation (NNPC) has indefinitely shut down two of the nation’s three refineries due to increase in their operation costs and several maintenance interventions. A top official of the corporation told Daily Trust, yesterday,...

  • Posted October 15, 2017
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  Bi-Courtney denies owing FAAN N2bn

  Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport private terminal known as MMA2 has denied owing the Federal Airports Authority of Nigeria (FAAN) N2bn. The National Union of Air Transport Employees (NUATE), Air Transport...

  • Posted October 14, 2017
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  NPA boss wants state of emergency declared at ports

  The Managing Director/CEO of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has called on the Federal Government to declare a state of emergency in the Nigerian ports to accelerate ports infrastructure and intermodal transportation infrastructure development....

  • Posted October 14, 2017
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  Reps query CBN, banks over excess charges on stamp duty

  A House of Representatives panel has queried the Central Bank of Nigeria (CBN) and some commercial banks for allegedly charging extra amount out of the approved N50 stamp duty collected on behalf of the government. The committee...

  • Posted October 13, 2017
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  N37bn loans to farmers, SMEs in default – BOA MD

  The Managing Director and Chief Executive Officer of the Bank of Agriculture (BOA), Kabir Mohammed Adamu has said N37,449,480,101.02 equivalent to 78.4 percent of the bank’s current loans portfolio is in default. According to him, the bank’s...

  • Posted October 13, 2017
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  Senate halts consideration of immigration budget

  The Senate yesterday suspended consideration on the 2017 budget of the Nigerian Immigration Services (NIS) over passport contracts sharing formula. The suspension was after the report of the Senate committee on Interior on the budget was presented...

  • Posted October 13, 2017
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