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All posts by BusinessNews Staff

  • NSE: Top 10 stockbrokers handled N104.115bn transactions in August

    The Nigerian Stock Exchange has disclosed that the activities of top 10 stock broking firms were responsible for 71.32 per cent of the total value of transactions recorded on the exchange for the month of August. The...

    • Posted September 21, 2015
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  • Sokoto to continue with fertiliser subsidy – Tambuwal

    Considering its importance in the agricultural value chain, Sokoto State government has said it would continue with the policy of providing fertiliser subsidy to farmers across the state. This, according to Governor Aminu Waziri Tambuwal, is aimed...

    • Posted September 21, 2015
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  • ExxonMobil accuses FG of defaulting in partnership agreement

    The partnership between ExxonMobil and the Federal Government over oil and gas activities in Nigeria is being threatened as the latter is accused of defaulting in meeting its side of financial obligations to the operation, business and...

    • Posted September 21, 2015
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  • 104,161 ex-workers withdraw N33.9bn fr­om pension savings

    No fewer than 104,161 ex-workers, who contributed about N135.6bn to the Contributory Pension Scheme, have withdrawn N33.9bn from their Retirement Saving Accounts as of the end of March. Data obtained by our correspondent from the National Pension...

    • Posted September 21, 2015
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  • Power generation falls by 356.8MW in three weeks

    The modest gains recorded in the power sector over the past three months are being threatened by the activities of pipelines vandals, which have led to the fall in electricity generation by 356.8 megawatts within the last...

    • Posted September 21, 2015
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  • Concrete road cheaper, durable – Dangote

    Chairman of Dangote Cement, Aliko Dangote over the weekend reiterated his plea to the Federal Government to urgently consider the use of concrete roads in the country. In a chat with newsmen over the weekend, the African...

    • Posted September 20, 2015
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  • Emefiele expresses satisfaction with S&P Rating on Nigeria

    Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has expressed satisfaction with the B+rating and stable outlook that was assigned to the country by global ratings agency, Standard & Poor’s (S&P). “I am very pleased with...

    • Posted September 20, 2015
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  • Marketers, banks groan under unpaid N500bn subsidy slaim

    Federal Government’s failure to meet its obligations on petrol subsidy claims, which has accumulated to over N500 billion is putting pressure on the marketers and the banks, THISDAY’s investigation has revealed. THISDAY gathered that the current administration...

    • Posted September 20, 2015
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  • There will be consequences if Governors divert bailout – CBN

    On no account should states divert the bailout they have just received to pay the backlog of their workers’ outstanding salaries, the Central Bank of Nigeria warned on Friday. The apex bank said there would be consequences...

    • Posted September 20, 2015
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  • Nigerian banks, the most regulated in the world – CBN

    The Deputy Governor of the Central Bank of Nigeria (CBN) in charge of economic policy, Mrs. Sarah Alade, has said banks operating in Nigeria are one of the most regulated in the world and expressed optimism that...

    • Posted September 19, 2015
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