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All posts by BusinessNews Staff

  • Buhari to continue fine tuning electricity reforms

    The federal government monday disclosed that it would rather continue with the ongoing electricity reforms that was initiated and started by the previous governments of Presidents Olusegun Obasanjo and Goodluck Jonathan than abandon it as is being...

    • Posted September 16, 2015
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  • JP Morgan: Nigerian bonds face downgrade risk

    Federal Government bonds are facing the risk of credit rating downgrade following the expulsion of Nigeria from the JP Morgan Government Bond Index-Emerging Markets, Reuters has reported. Standard & Poor’s, which rates Nigeria four levels below investment...

    • Posted September 16, 2015
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  • External reserves fall to $30.794bn, inflation inches to 9.3%

    Nigeria continued to reel from the impact of the decision by US investment bank JP Morgan & Chase to phase out Nigerian bonds from its indexes, as the country’s external reserves fell to $30.794 billion. The value...

    • Posted September 16, 2015
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  • BPE disburses N17bn to 68% of defunct PHCN’s retirees

    The Bureau of Public Enterprises (BPE) has said a total of N17 billion has so far been disbursed in settlement of the retirement benefits of 68 per cent of the 4,307 retired workers of defunct state-owned electricity...

    • Posted September 16, 2015
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  • NNPC issues guidelines for sale, purchase of Nigeria’s crude

    In its renewed bid to ensure transparency in all commercial activities relating to petroleum operations in Nigeria, the Nigerian National Petroleum Corporation (NNPC) has released the guidelines for the participation of local and foreign companies in the...

    • Posted September 16, 2015
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  • PENGASSAN protests as SAPETRO fires workers

    South Atlantic Petroleum, an indigenous oil and gas exploration and production company, has sacked 10 of its workers who were assigned to work on the Sèmè oilfield, offshore the Republic of Benin. The re-development of the field...

    • Posted September 16, 2015
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  • Transport ministry reviews recruitment at NIMASA

    The Federal Ministry of Transport has begun a review of recruitment, placements and promotions embarked upon by the Nigerian Maritime Administration and Safety Agency since 2010. A statement by NIMASA’s Head of Public Relations, Hajia Lami Tumaka,...

    • Posted September 16, 2015
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  • Tax remittance will increase within one week – FG

    The number of taxpayers across the country will increase within the next one week, the Federal Government has said. According to the government, the requisite measures needed to actualise this feat have been made possible in partnership...

    • Posted September 16, 2015
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  • NSE’s zero tolerance for market infractions yields more results

    The  Nigerian Stock Exchange (NSE)’s zero tolerance  for infractions in the stock market has begun to yield more  positive results  as it has recorded 100 per cent compliance rate by Dealing Members. According to the NSE, the...

    • Posted September 15, 2015
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  • NIBSS, Telcos collaborate on BVN registration

    The Nigeria Interbank Settlement System (NIBSS) said it has gone into a partnership with Nigeria’s major telecommunication firms to enhance the bank verification number (BVN) registration. The partnership allows bank customers that had enrolled for the BVN...

    • Posted September 15, 2015
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