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All posts by BusinessNews Staff

  • Nigeria needs full implementation of broadband plan – Ndukwe

    Optimistic that Nigeria will meet and even surpass the projected 30 per cent Broadband penetration by 2018, as contained in the National Broadband Plan, a former Executive Vice Chairman of the Nigerian Communications Commission (NCC), Ernest Ndukwe...

    • Posted November 6, 2015
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  • MTN wants $5.2bn fine slashed by 80%

    MTN Group Ltd in South Africa is making some moves to get the $5.2 billion fine imposed by the Nigerian Communications Commission (NCC) reduced by as much as 80 per cent and it is considering borrowing money...

    • Posted November 6, 2015
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  • Airport facilities obsolete – FAAN MD tells Senate

    The Managing Director of the Federal Airports Authority of Nigeria, Mr. Saleh Dunoma, told the Senate Ad-hoc Committee on Aviation on Tuesday that most of the facilities and equipment at the nation’s airports were obsolete as most...

    • Posted November 6, 2015
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  • Rice investors brace for the worst as smugglers prosper again

    Smuggling of rice across the Nigerian borders has reached prohibitive levels, with hundreds of trailers plying back and forth from neighbouring countries carrying illegal shipments of the staple food, THISDAY has learnt. The nation’s supply gap was...

    • Posted November 6, 2015
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  • Court restrains FRC as Standard Bank Group backs Nigerian unit

    The Federal High Court in Lagos on Wednesday restrained the Financial Reporting Council of Nigeria (FRCN) from interfering with the operations of Stanbic IBTC Holdings (SIBTCH), Plc. Also, the Standard Bank Group reiterated its support for SIBTCH,...

    • Posted November 6, 2015
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  • FG to lead purchase of made-in-Nigeria cars

    Top functionaries of the Federal Government may be compelled to buy made-in-Nigeria vehicles as official cars and other uses as a part of measures to boost local production of automobiles. Vice-President Yemi Osinbajo made the declaration in...

    • Posted November 6, 2015
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  • NNPC abandons OPAs for direct crude oil sales

    About 18 days after opening the technical bids submitted by 101 companies for consideration in its crude oil Offshore Processing Agreement (OPA), the Nigerian National Petroleum Corporation (NNPC) on Tuesday disclosed that it had abandoned the OPA...

    • Posted November 5, 2015
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  • FG, World Bank launch initiative to boost MSMEs

    The federal government, in partnership with the World Bank on Tuesday launched the Growth and Employment (GEM) Equity Window, a grant scheme to support micro, small and medium scale enterprises (MSMEs) in the country. The World Bank...

    • Posted November 5, 2015
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  • Nigeria eyes foreign investment at UK Trade Mission

    Nigerian-British Chamber of Commerce (NBCC) and the Nigerian Export Promotion Council (NEPC) have concluded plans to lead a delegate of 40 business executives on a five-day Trade Mission to the United Kingdom from 2nd to 6th November,...

    • Posted November 5, 2015
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  • Recapitalisation: SEC to release final list of compliant operators December

    Strong indications emerged on Monday that the Securities and Exchange Commission (SEC) will in December, release the final list of market operators, who have complied with the new minimum capital requirement. SEC had in 2013 announced new...

    • Posted November 5, 2015
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