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All posts by BusinessNews Staff

  • Emir Sanusi urges states, FG to encourage investment in power sector

    The Emir of Kano, Alhaji Muhammadu Sanusi II has called on both the Federal and State Governments to encourage private entrepreneurs to invest in the power sector. He made the call while delivering a keynote address at...

    • Posted May 22, 2017
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  • MPC meeting: MAN urges CBN to reduce lending rate from 14%

    The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to drop the lending rate from 14 per cent to accelerate productivity and economic growth. The President of MAN, Mr Frank Jacobs,...

    • Posted May 22, 2017
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  • Sokoto State Government to sell houses to civil servants

    The Sokoto State Government says it will sell its houses to civil servants occupying them on owner-occupier basis. Alhaji Bello Gwiwa, the Commissioner for Lands, Housing and Survey, disclosed this in Sokoto on Sunday, at a ministerial...

    • Posted May 22, 2017
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  • Private sector part of Nigeria’s problems – Amaechi

    Minister of Transportation Rotimi Amaechi yesterday declared that the private sector players cannot extricate themselves from the failings of the Federal Government in delivering an efficient transportation sector to the country. The minister spoke during a Government...

    • Posted May 20, 2017
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  • PENGASSAN calls for Exxon Mobil shutdown in Niger Delta

    A Nigerian oil labour union on Friday called for the shutdown of all Exxon Mobil Corp facilities in the Niger Delta, a union representative said. Reuters was unable to independently verify whether union members had shut down...

    • Posted May 20, 2017
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  • FG directs customers to buy electricity from GenCos

    The Federal Government has directed that certain customers can now buy electricity directly from Generation Companies (GenCos). The Minister of Power, Works and Housing, Babatunde Fashola declared the Customers Eligibility in a statement issued by the Nigerian...

    • Posted May 20, 2017
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  • Senate gives Osinbajo two weeks to submit CBN, NNPC budgets

    The Senate yesterday issued a two-week ultimatum to Acting President Yemi Osinbajo to submit the budgets of the Central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC), Federal Inland Revenue Service (FIRS) and 35 other federal...

    • Posted May 19, 2017
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  • Senate proposes compulsory health insurance

    All countries that have made substantial progress towards universal health coverage have done so because they have made it mandatory,” he said. Tejuosho, however said making health insurance compulsory without sufficient arrangements for subsidization will not work....

    • Posted May 19, 2017
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  • U.S increases import of Nigerian crude

    US crude imports from Nigeria rose by 13.6 per cent to 325,000 barrels per day from 286,000 b/d the most since March, preliminary data released by the US Energy Information Administration (EIA) for week ended May 12,...

    • Posted May 19, 2017
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  • One million telecom consumers activate 2442 code – NCC

    Prof. Umar Danbatta, the Executive Vice Chairman, the Nigerian Communications Commission (NCC), has said more than one million consumers activated the 2442 Do-Not-Disturb code within two months. Danbatta made this known during the Lagos Launch of 2017...

    • Posted May 18, 2017
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