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All posts by BusinessNews Staff

  • NERC targets 2,000MW from renewable energy with new regulation

    The Nigerian Electricity Regulatory Commission (NERC) has approved the application of a new regulation to stimulate investments that would give Nigeria up to 2000 megawatts (MW) of electricity generated from renewable energy sources in the next five...

    • Posted November 3, 2015
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  • CBN lists benefits of IFRS

    The Deputy Governor (Economic Policy), Central Bank of Nigeria (CBN), Dr. Sarah Alade, has highlighted the benefits of adopting the International Financial Reporting Standards (IFRS) to the banking sector as well as the economy. Alade stated this...

    • Posted November 3, 2015
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  • Telecoms will surpass 25% contribution to GDP by 2025 – NCC

    The Nigerian Communications Commission (NCC), the telecoms industry regulator, has predicted that the telecoms sector’s contribution to the Gross Domestic Product (GDP) will surpass 25 per cent by 2025. The NCC made the predictions based on the...

    • Posted November 3, 2015
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  • Stanbic IBTC Group records N104.4bn gross earnings in nine months

    Stanbic IBTC Holdings, a member of Standard Bank Group, has announced gross earnings of N104.4 billion for the nine months ended September 30, 2015, an increase of 10 per cent N94.6 billion earned in the same period...

    • Posted November 3, 2015
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  • Regulatory sanctions, unimpressive earnings trigger sell-off on NSE

    The sequence of “bad news” relating  to unimpressive earnings announced by companies and regulatory sanctions on   three banks significantly eroded investors’ confidence in the Nigerian  stock market last week,  leading to a season of sell-offs on the...

    • Posted November 2, 2015
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  • AfDB unveils plan to empower Nigerian women in agriculture

    The office of the Special Envoy on Gender (SEOG) and the Department for Agriculture and Agro-industry (OSAN) of the African Development Bank (AfDB) has unveiled a report, ‘Economic Empowerment of African Women through Equitable Participation in Agricultural...

    • Posted November 2, 2015
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  • POS, ATM, Mobile Banking easy target for cyber criminals – EFCC

    As the Central Bank of Nigeria and other regulators in the Nigerian financial landscape continue to push forward in the campaign for the adoption of electronic payment system, the Economic and Financial Crimes Commission (EFCC) has disclosed...

    • Posted November 2, 2015
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  • NBCC, NEPC target 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 6thNovember, 2015....

    • Posted November 1, 2015
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  • FG launches capacity building for oil and gas entrepreneurs

    The Nigeria Content Development and Monitoring Board (NCDMB) have designed and is launching its first “Nigeria Content Master Class” designed to increase the capacity of Nigerian firms operating the oil and gas industry. The training is scheduled...

    • Posted November 1, 2015
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  • FRC exceeded its powers – Standard Bank

    Standard Bank Group Limited, the South African lender that operates Stanbic IBTC Holdings Plc, has said the Financial Reporting Council of Nigeria (FRC) exceeded its powers when it ruled that the bank’s West African unit had made...

    • Posted November 1, 2015
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