Don't Miss


All posts by BusinessNews Staff

  • FG issues guidelines to MDAs on budgeting, revenue, expenditure

    In a move designed to rein in more revenue and control spending in Ministries, Departments and Agencies (MDAs), the Federal Government has issued a circular on guidelines vis-a-vis budgeting, revenue and expenditure. The move is aimed at...

    • Posted December 13, 2015
    • 0
  • Importation of petrol: DPR suspends Capital Oil, Folawiyo, Sahara, others

    The Department of Petroleum Resources (DPR), the apex regulator of Nigeria’s oil and gas industry appears to have woken up from its long years of slumber as it has suspended the importation permit of six petrol depots...

    • Posted December 13, 2015
    • 0
  • FG will pay legally contracted, verifiable debts – Fashola

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola says the Federal Government is committed to the payment of all legally contracted and verifiable debts in the power sector. This is coming as the Chairman of...

    • Posted December 13, 2015
    • 0
  • Beware of Wonder Banks – CBN warns public

    The Central Bank of Nigeria (CBN) has warned members of the public to be mindful of the activities of illicit finance houses (Wonder Banks) in order not to fall  prey by losing their hard-earned money in the...

    • Posted December 12, 2015
    • 0
  • NERC to grow power sector’s contribution to GDP through local content regulation

    A new regulation to guard Nigeria’s budding electricity industry from exploitation was yesterday formally pronounced by the Nigerian Electricity Regulatory Commission (NERC). The policy titled: ‘Regulation on National Content Development for the Power Sector,’ was developed by...

    • Posted December 12, 2015
    • 0
  • FG to focus on creating enabling business environment – Osinbajo

    Creating an enabling environment for businesses to thrive and flourish is one of the key priorities of the Buhari administration meant to spur the growth of the economy and create opportunities for gainful employment. This view was...

    • Posted December 12, 2015
    • 0
  • CBN considers ending dollar cash sales to BDCs

    There are strong indications that the Central Bank of Nigeria (CBN) is seriously considering discontinuing its twice-weekly dollar cash sales to bureau de change (BDC) operators as it seeks to sanitise the sub-sector. The move, THISDAY gathered...

    • Posted December 12, 2015
    • 0
  • Nigeria’s economic challenges provide opportunities for innovation – Wigwe

    The Group Managing Director/Chief Executive Officer of Access Bank Plc, Mr. Herbert Wigwe, has said the current economic challenges in Nigeria and other economies across the world present opportunities for new discoveries and innovations. Wigwe, said this...

    • Posted December 12, 2015
    • 0
  • World Bank reviewing activities in Nigeria

    The World Bank has commenced the review of its activities in Nigeria. The leader of the team undertaking the review, Guillemette Jaffrin, said this when his team visited the Bureau of Public Enterprises in Abuja on Wednesday,...

    • Posted December 12, 2015
    • 0
  • Lagos targets 24-hour power supply

    The Lagos State Governor, Akinwunmi Ambode, says 24-hour power supply will boost business and increase the state’s Gross Domestic Product and that his government is ready to achieve the target. The governor also urged individuals, private homes...

    • Posted December 12, 2015
    • 0