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All posts by BusinessNews Staff

  • FG’s agencies unable to trace solid minerals revenues – NEITI

    The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that the relevant government agencies responsible for the management of Nigeria’s solid minerals sector have not been able to trace the whereabouts of billions of naira revenue that...

    • Posted December 16, 2015
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  • Dedicated power to be allocated to customers willing to pay more – Fashola

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola has said that the federal government will encourage the electricity distribution companies to allocate dedicated power to only those consumers who are ready to pay more under...

    • Posted December 16, 2015
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  • Buhari promises new measures to make doing business easy

    President Muhammadu Buhari has said his administration will soon introduce more policies to further ease the process of doing business in Nigeria. A statement by his Senior Special Assistant on Media and Publicity, Mr. Garba Shehu, said...

    • Posted December 16, 2015
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  • Non-delivery of pipes delays Nigeria’s East-West gas pipeline project

    The Chairman and Chief Executive Officer of Oilserv Limited, Mr. Emeka Okwuosa has raised the alarm that the non-delivery of pipes by a contractor has delayed the early completion of the Ob/Ob 3 East-West gas pipeline project...

    • Posted December 16, 2015
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  • CBN, RIMAN seek improved risk management in banks

    The Central Bank of Nigeria will continue to support initiatives aimed at boosting risk management practice in the nation’s financial institutions, the Director, Risk Management, CBN, Mrs. Folakemi Fatogbe, has said. She said plan by the Risk...

    • Posted December 16, 2015
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  • Power generation drops by 1,153MW

    The nation has lost 1,153.66 megawatts of power in the last 20 days, worsening the load shedding arrangement that electricity distribution companies have been subjecting their consumers to. The electricity generated on Sunday, December 13, stood at...

    • Posted December 16, 2015
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  • Oil slump: NNPC will suspend some projects, says Kachikwu

    The Minister of State for Petroleum Resources and Group Managing Director, Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, on Monday declared that the NNPC would not go ahead with some of its planned projects until crude oil...

    • Posted December 16, 2015
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  • Over 36.6m Nigerians in job market – Diaspora Group

    he Association of Nigerian-American Professionals (ANAPIN) has decried the persisting high unemployment rate in the country which has about 36.6 million people jobless. The group said it is worried by the ugly situation and ready to partner...

    • Posted December 15, 2015
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  • Nigeria’s economy not entering recession – CBN

    The Central Bank of Nigeria, CBN, during the weekend  decried the fears being expressed by some stakeholders that the nation’s economy may be entering recession. The apex bank however stated that the nation’s economy is being restructured...

    • Posted December 15, 2015
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  • FG blames weakness of naira on massive looting during PDP’s administration

    The Federal Government on Sunday blamed the poor state of the country’s economy, especially the depreciation in the naira exchange rate, on what it described as incomprehensible mismanagement of the economy under the immediate past administration of...

    • Posted December 15, 2015
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