Don't Miss


All posts by BusinessNews Staff

  • NECA, Ngige disagree over retrenchment in oil sector

    The Nigeria Employers’ Consultative Association on Friday said it disagreed with the directive by the Minister of Labour and Employment, Dr. Chris Ngige, asking oil and gas companies not to sack their workers. The Director-General of NECA,...

    • Posted February 14, 2016
    • 0
  • Interbank rate drops after liquidity rise

    The overnight interbank lending rate eased to an average of 0.75 per cent on Friday from around three per cent midweek after the Central Bank of Nigeria let cash flow into the market from matured treasury bills,...

    • Posted February 14, 2016
    • 0
  • Why FG wants multinationals in ICT sector – Shittu

    The Minister of Communications, Mr. Adebayo Shittu, on Thursday said federal government present policy in Information Communications and Technology (ICT) sector is targeted at encouraging multinationals and foreign investors to come in as players, “because Nigeria cannot...

    • Posted February 14, 2016
    • 0
  • NIPEN grows assets by 15%, invests N186m

    The Nigerian Ball-Point Pen Industries (NIPEN), manufacturers of BiC pens, Premium pens, BiC shavers and other plastic products has said it was able to grow its assets by 15.9% through additional investment of N186 million in property,...

    • Posted February 14, 2016
    • 0
  • Eko Disco targets 200,000 meters this year

    Eko Electricity Distribution Company Plc has said the number of smart prepaid meters supplied to its customers will reach 200,000 by the end of this year. The company, which is one of the 11 distribution companies in...

    • Posted February 12, 2016
    • 0
  • MDAs spent N825bn on travels, stationery, others – FG

    The Efficiency Unit of the Federal Ministry of Finance on Wednesday said the government’s Ministries, Departments and Agencies spent a total of N825bn on travels, maintenance, local and international training, welfare and office stationery/computer consumables between 2012...

    • Posted February 12, 2016
    • 0
  • Apapa Customs moves against extortion during cargo examination

    The Apapa Customs Command has said that all government agencies involved in the examination of cargo at the Apapa Port must endorse the examination forms at the base. The Customs Area Controller of the command, Mr. Willy...

    • Posted February 12, 2016
    • 0
  • Shut refineries to resume operations by February ending – NNPC

    The Nigerian National Petroleum Corporation (NNPC) has said the country’s four refineries in Kaduna, Warri and Port Harcourt are expected to restart production before the end of the month after attacks on their feedstock pipelines forced their...

    • Posted February 12, 2016
    • 0
  • FG will suspend withdrawals from TSA in March – Adeosun

    Minister of Finance, Mrs. Kemi Adeosun, tuesday disclosed that the federal government would suspend all withdrawals by ministries, departments and agencies (MDAs) from the Treasury Single Account (TSA) at the end of March. The minister who made...

    • Posted February 12, 2016
    • 0
  • FG to initiate more reforms in civil service

    The federal government on Wednesday said  more holistic reforms of the Nigeria’s civil service would  be initiated. The Head of Service, Mrs. Oyo- Ita, disclosed this during a reception organised by her friends in honour of her...

    • Posted February 12, 2016
    • 0