Don't Miss


All posts by BusinessNews Staff

  • Barclays to cut Nigeria from emerging markets local Bond Index February 2016

    Barclays monday announced that it would remove Nigeria’s sovereign debt from its emerging markets local currency government bond benchmark from February 1, 2016. The announcement came a few weeks after United States investment bank, JP Morgan &...

    • Posted November 11, 2015
    • 0
  • Oando sustains recovery, leads price gainers

    Oando Plc on Monday sustained its bull run at the stock market, gaining the maximum daily 10 per cent to close at N8.50 per share, up from N7.72. The equity had last week appreciated by 28.5 per...

    • Posted November 11, 2015
    • 0
  • AMCON to sell Zenon, Acorn, Aquitaine assets

    A total of 32 petroleum product storage tanks worth several billions of naira have been put up for sale by the Asset Management Corporation of Nigeria, the agency created by the Federal Government to absorb bad loans...

    • Posted November 11, 2015
    • 0
  • BVN: BDCs now comply with Forex limits

    The implementation of the use of the Bank Verification Number (BVN) as a requisite for the purchase of foreign currency from the Bureau De Change (BDC) segment of the market may have compelled the operators to comply...

    • Posted November 11, 2015
    • 2
  • Ongoing reforms in NNPC anchored on NEITI Audit Reports

    The Nigeria Extractive Industries Transparency Initiative (NEITI) has described its yearly investigative reports on the activities of operators in Nigeria’s oil and gas industry as the dominant document with which the federal government is restructuring business and...

    • Posted November 11, 2015
    • 0
  • BoI’s boosts cables manufacturing by 30,000 tonnes

    Having aided the realisation of a local production capacity of about 30,000 metric tonnes in wires and cables in the country, the Bank of Industry (BoI) has emphasised the need for businesses to be innovative and effective...

    • Posted November 11, 2015
    • 0
  • 14 stocks delight investors amidst rampaging bears

    It is not all gloom at the Nigerian stock market as THISDAY checks have revealed that some stocks still boast of positive year-date-return despite the bearish trend in the market. Investors in about 14 stocks have booked ...

    • Posted November 10, 2015
    • 0
  • Total flaws DPR’s closure of Ibafon Depot, restates integrity

    Total Nigeria Plc has faulted the (DPR) over last Thursday’s closure of its Ibafon Depot based on an allegation that it was hoarding petrol due to the absence of loading at the time of it visit to...

    • Posted November 10, 2015
    • 0
  • FG, states, LGs record N1.32tn shortfall in allocations

    The persistent drop in the prices of crude oil in the international market has impacted negatively on allocations to the three tiers of government, with statutory allocations recording a shortfall of N1.32tn in the last one year....

    • Posted November 10, 2015
    • 0
  • Oil companies cut 120,000 jobs

    As a result of the continued fall in oil prices, Nigeria’s oil and gas companies have cut about 120,000 direct and indirect jobs, the immediate past National Industrial Relations Officer, Petroleum and Natural Gas Senior Staff Association...

    • Posted November 10, 2015
    • 0