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All posts by BusinessNews Staff

  • BoI, Kaduna Government target 20,000 jobs in Entrepreneurial Development Scheme

    The Bank of Industry (BoI) in conjunction with the Kaduna State government and Kaduna Business School have launched a business development plan in which they seek to create about 20,000 jobs within the initial four years of...

    • Posted December 5, 2015
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  • Again, naira falls on parallel market

    The naira fell 1.22 percent against the dollar on the unofficial market on Thursday after nearly half of bureaux de change operators failed to secure dollars at a Central Bank of Nigeria sale due to incomplete documentation,...

    • Posted December 5, 2015
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  • We will reduce substandard goods to 15% – Odumodu

    The influx of substandard goods into the country would be reduce to 15 percent, the Director General of Standard Organisation (SON), Dr. Joseph Odumodu has said. While decrying the high level of substandard products in the country...

    • Posted December 5, 2015
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  • FMDQ OTC Securities Exchange promises stakeholders better deal

    FMDQ OTC Securities Exchange (FMDQ) has assured stakeholders in the over-the-counter (OTC) fixed income securities market of better deal.  The Managing Director/Chief Executive Officer of FMDQ OTC, Mr. Bola Onadele. Koko gave the assurance while speaking at...

    • Posted December 5, 2015
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  • Gloom as NPA moves to lay off 5,000 dockworkers

    Palpable fear has gripped employees of the Nigerian Ports Authority (NPA), following reports that about 5,000 dockworkers would be laid off  by December 15, 2015. The list of the affected dockworkers who are members of the Maritime...

    • Posted December 5, 2015
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  • FG to monitor crude oil movement electronically

    The Federal Government on Tuesday said that it would be able to monitor the movement of crude oil and gas out of the country through the implementation of the e-Government Master Plan 2020. It said that since...

    • Posted December 4, 2015
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  • We can save N985bn from 450 agencies – Adeosun

    The Minister of Finance, Mrs. Kemi Adeosun, says she can save up to $5bn (N985bn) annually by cracking down on waste and leakages in over 450 Federal Government Ministries, Departments and Agencies. The strategy, according to a...

    • Posted December 4, 2015
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  • FG funding Lagos-Ibadan Expressway project – ICRC

    The Infrastructure Concession Regulatory Commission has said that there is no new concession arrangement for the reconstruction of the Lagos-Ibadan Expressway. It faulted reports that the Federal Government has granted a new concession over the road through...

    • Posted December 4, 2015
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  • World Bank supports transformation of Nigerian Capital Market

    The Vice-President and Treasurer of the World Bank, Ms. Arunma Oteh, on Wednesday gave assurance that the World Bank Group would support efforts to make Nigerian capital market world class market. The former Director General of the...

    • Posted December 4, 2015
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  • Nigeria’s Forex reserves drop to $29.88billion

    Nigeria’s foreign reserves fell below $30 billion for the first time in more than four months, putting more pressure on the Central Bank of Nigeria’s (CBN) bid to defend the naira and avoid a devaluation. Gross reserves...

    • Posted December 4, 2015
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