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All posts by BusinessNews Staff

  • FG to grant refineries semi-operational autonomy

    The federal government yesterday disclosed that it was working out a new operational model with which Nigeria’s four refineries would run starting from 2016. The government, through the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu,...

    • Posted December 8, 2015
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  • Naira drops to 251/dollar, external reserves now $29.7bn

    The naira crashed further against the dollar from 247 last Thursday to 251 on Saturday at the parallel market. This came barely one week after the Central Bank of Nigeria cut foreign exchange supply to Bureau De...

    • Posted December 8, 2015
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  • NAICOM removes 108 insurance brokers from list

    The National Insurance Commission has removes 108 insurance brokers, out of the list of 421 licensed practitioners operating in the country, for failing to renew their licences. Sources from NAICOM told our correspondent on Sunday that the...

    • Posted December 8, 2015
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  • Senate to meet Emefiele on oil marketers’ access to Forex

    The Senate Committee on Petroleum (Downstream) will meet with the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to find a lasting solution to the challenges oil marketing firms encounter accessing foreign exchange (forex) for...

    • Posted December 8, 2015
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  • Udom seeks improved innovation to drive e-Payment

    Governor Emmanual Udom of Akwa Ibom State has called for more innovation to drive adoption of electronic payment in Nigeria. He made this call at the annual retreat of the Committee of E-Banking Industry Heads (CeBIH) in...

    • Posted December 8, 2015
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  • Infrastructure funding: Analysts ponder taxation revenue as option

    Plans by the federal government to bridge the huge infrastructure deficit in the country next year has continued to attract interests from analysts and economists as they debate funding options available to the government given the current...

    • Posted December 7, 2015
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  • NSE: 13 active dealing members have insufficient shareholders funds

    The Nigerian Stock Exchange has disclosed that two months after the curtains were drawn on the recapitalisation of capital market operators, not less than 13 dealing members of the exchange are operating with insufficient shareholders’ funds. The...

    • Posted December 7, 2015
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  • Experts blame wrong appointments for fraud

    Experts have condemned the practice of wrong delegation of role in work place environment which is said to be the order of the day in both the public and private sectors. Speaking at a one day seminar...

    • Posted December 6, 2015
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  • Nigeria’s debt management model excites African countries

    The Nigerian Debt Management Office, (DMO) touted as a model in Africa, has become a major destination for out-sourced debt management skills and services in nearly two decades of its existence. The DMO under the leadership of...

    • Posted December 6, 2015
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  • Minimum wage: NLC, NGF set for showdown as Fayose dissociates self

    The Nigerian Labour Congress (NLC) and the Nigerian Governors Forum (NGF) appeared set for a showdown following plans by the governors to reduce the N18, 000 minimum wage or retrench workers as a palliative measure to curb...

    • Posted December 6, 2015
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