Don't Miss


All posts by BusinessNews Staff

  • Money market awaits N890billion liquidity inflow

    A total inflow of about N890 billion is expected to hit the money market from the various maturing government securities and Federation Account Allocation Committee (FAAC) this month, a report by FSDH Merchant Bank Limited has revealed....

    • Posted December 15, 2015
    • 0
  • Nigeria, South Africa e-Commerce boosting international trade – Experts

    A leading e-commerce payment gateway,‎ PayU Nigeria, has stated that e-commerce in Nigeria and South Africa is increasing trade across nation’s borders and opening more people to active trade in the two nations and beyond. ‎ According...

    • Posted December 15, 2015
    • 0
  • FG retraces step with TCN structural reversals

    Industry experts have described the decision of the federal government last week to reverse the structural splitting of the Transmission Company of Nigeria (TCN) which was done in the last days of former President Goodluck Jonathan’s administration,...

    • Posted December 14, 2015
    • 0
  • Investors lose N146.2bn to massive sell-off

    Equity performance on the Nigerian Stock Exchange was negative for the most part of last week as the All Share Index (ASI) gained on three out of five trading days with the greatest year-to-date loss being the...

    • Posted December 14, 2015
    • 0
  • Sahara Energy faults DPR’s suspension order, seeks review

    The management of Sahara Energy Resources Limited has said the Department of Petroleum Resources (DPR) did not give the company an opportunity to provide available documentary evidence that would have addressed allegations bordering on compliance with approved...

    • Posted December 14, 2015
    • 0
  • Banks not doing enough to support SMEs – Emefiele

    The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday said banks in the country were not doing enough to encourage lending to Small and Medium Enterprises in the country. Emefiele said this at in Lagos...

    • Posted December 14, 2015
    • 0
  • N1tn fine: MTN may sack more workers

    Feelers emanating from MTN Nigeria on Thursday indicated that the telecommunications firm might be nurturing plans to reduce its workforce by sacking a sizeable number of its junior employees. This is coming one week after the first...

    • Posted December 14, 2015
    • 0
  • Forex ban threatens 100,000 tomato processing jobs

    There are indications that the listing of tomato paste among the 41 items banned from accessing foreign exchange from the official window by the Central Bank of Nigeria is endangering the jobs of 100,000 workers in the...

    • Posted December 14, 2015
    • 0
  • FG spends N3.42tn in nine months

    In the first nine months of the year, the Federal Government had spent N3.42tn out of the total N4.493tn spending approved in the 2015 budget. These figures are contained in the Medium Term Expenditure Framework and Fiscal...

    • Posted December 14, 2015
    • 0
  • Spain, Nigeria trade hits 6.2bn euros

    The Spanish Ambassador to Nigeria, Mr. Alfonso Barnuevo Sebastian de Erice, on Friday disclosed that the volume of trade between his country and Nigeria, which is mainly in oil and gas, is now 6.2 billion Euros. In...

    • Posted December 13, 2015
    • 0