All posts by BusinessNews Staff

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  Okowa calls for revamping of Nigeria’s steel industry

  Delta State Governor, Dr. Ifeanyi Okowa, has called for concerted efforts to revamp the steel sector for the overall development of the country. Speaking yesterday at Asaba when he received the National President and members of Iron...

  • Posted December 24, 2015
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  Yultide: FAAN strategises to check gridlock at airports

  The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mr. Saleh Dunoma, has said that the authority is putting all necessary arrangements in place to handle the envisaged usual gridlock across the nation’s airports. Fielding...

  • Posted December 24, 2015
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  FG gives idle mining operators March 1 ultimatum

  The Federal Government on Monday issued a March 1, 2016 ultimatum to operators in the mining industry to utilise their leases and licences or risk the revocation of such. The Minister of Solid Minerals Development, Dr. Kayode...

  • Posted December 23, 2015
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  Kaduna refinery resumes production

  The Kaduna refinery has resumed production following its closure three months ago, the Managing Director, Kaduna Refining and Petrochemical Company Limited, Mr. Seidu Muhammed, has said. Three of the nation’s four refineries in Warri, Kaduna and Port...

  • Posted December 23, 2015
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  CBN closes interbank forex market till 2016

  The Central Bank of Nigeria has closed the interbank foreign exchange market till January 4, 2016. The closure, which is the norm in the banking sector, was expected to have been done not later than Monday, considering...

  • Posted December 23, 2015
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  Nigeria’s gold to triple Ghana’s – Fayemi

  Ghana, once known as Gold Coast, and a leading producer of gold, will not only be bested by Nigeria in the production of the commodity, but Africa’s most populous country will do so three times over once...

  • Posted December 23, 2015
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  NACCIMA kicks as FG increases electricity tariff

  The National Association of Chambers of Commerce and Industry, Mines and Agriculture (NACCIMA) has cautioned the Federal Government against the increase in electricity tariff. The National Vice President of NACCIMA, Prince Billy Gillis-Harry, who gave the warning...

  • Posted December 23, 2015
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  Kachikwu orders NNPC staff to petrol stations as scarcity grinds harder

  The NNPC GMD, Dr. Ibe Kachikwu, has ordered the deployment of the corporation’s staff to filling stations across the country for effective monitoring of the distribution system. NNPC’s Group General Manager Public Affairs, Ohi Alegbe said in...

  • Posted December 23, 2015
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  Nigeria’s oil faces competition as US begins export

  Nigeria’s crude oil, which has been struggling to sell in recent months, may suffer further setbacks in the global market following the lifting of the ban on the United States oil exports. The US Congress had on...

  • Posted December 22, 2015
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• 294 Lagos retirees get N1.9bn benefits

  Lagos State Government has paid N1.9bn retirement benefits to another set of 294 retirees under the Contributory Pension Scheme. The Commissioner for Establishment, Training and Pensions, Dr. Akintola Oke, disclosed this during the presentation of the retirement...

  • Posted December 22, 2015
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