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All posts by BusinessNews Staff

  • Electricity: FG seeks N45bn to reach 8,000MW

    The Federal Government needs N15bn annually to generate 8,000 megawatts of electricity in three years, the Transmission Company of Nigeria has said. And for a space of three years, the country would need a total of N45bn...

    • Posted September 7, 2015
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  • Ease of doing business: World Bank ranks Nigeria 170th

    The reforms effort of the immediate past administration of President Goodluck Jonathan may have yielded some dividend as Nigeria moved up five places in the latest ranking by the World Bank Group on the ease of doing...

    • Posted September 6, 2015
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  • SIM validation: MTN apologises to customers

    The management of MTN Nigeria has apologised to its teeming customers over the noticeable congestion in its service outlets across the country as a result of the ongoing SIM validation exercise. In a statement signed by MTN’s...

    • Posted September 6, 2015
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  • FRSC, LCCI, others propose separate route for trailers

    The Federal Road Safety Corps and other stakeholders have called for the creation of separate routes for trailers to curb incessant fatal accidents involving articulated vehicles and other road users. This follows the accident on Wednesday in...

    • Posted September 6, 2015
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  • Poor refineries: FG issues supplementary import permit for petrol

    The Federal Government has issued supplementary import permit to oil marketers for the importation of petrol into Nigeria due to the fact that the output of the country’s refineries is still poor. It was learnt that the...

    • Posted September 6, 2015
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  • Benin Airport reopens for flight operations

    Close to three months after the Benin Airport suspended flight activities, the management of the airport on Thursday announced its reopening as duly certified by the Nigeria Civil Aviation Authority (NCAA). Flight operations were suspended at the...

    • Posted September 5, 2015
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  • Completion of airports remodelling project to gulp N100billion

    The federal government would need not less than N100 billion to be able to complete the on-going airports remodelling project, a top official of the Federal Airports Authority of Nigeria (FAAN) has revealed. The official said this...

    • Posted September 5, 2015
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  • Dangote, Elumelu champion FDI in Africa

    Nigerian entrepreneurs are pushing the frontiers of Foreign Direct Investment on the African continent. Banker, Tony Elumelu, whose $100m entrepreneurship foundation has already benefited young people in 54 African countries and businessman, Aliko Dangote, whose investments `...

    • Posted September 5, 2015
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  • UBA profit rises 40% as half year earnings hit N167billion

    Pan-African financial services group, United Bank for Africa Plc, has announced its audited 2015 half year financial results. The results showed strong growth in earnings and profits, as the Bank continued to benefit from its determination to...

    • Posted September 5, 2015
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  • SMEDAN key to economic development – Osinbajo

    The Vice-President, Prof. Yemi Osinbajo, on Thursday said promotion of small and medium scale enterprises (SMEs)  was one surest way of achieving economic development. The vice-president said this at a meeting with the officials of the Small...

    • Posted September 5, 2015
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