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All posts by BusinessNews Staff

  • World Bank seeks $135bn for African projects

    The World Bank has asked for the support of members of the African Caucus, in order to raise funds to replenish the International Development Association. The Bank’s Vice-President for Development Finance, Mr. Joachim Von Amsberg, made this...

    • Posted September 5, 2015
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  • e-Fraud: CBN re-appoints Digital Encode as technical partner

    The Central Bank of Nigeria has re-appointed a leading indigenous information security firm, Digital Encode Limited, as the sole technical partner to the Nigerian Electronic Fraud Forum. NeFF, an initiative of the CBN, was set up for...

    • Posted September 5, 2015
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  • Lagos pledges support for manufacturing sector

    Governor Akinwunmi Ambode of Lagos State has pledged support for the manufacturing sector noting that it holds the key to sustainable economic growth and development in the state. According to a statement obtained on Thursday from the...

    • Posted September 5, 2015
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  • Profit taking depresses NSE index by 1.6%

    Profit-taking by investors caused the equities segment of the Nigerian Stock Exchange to close on a negative note for the second straight session on Tuesday. The NSE All-Share Index dipped by 1.6 per cent or 477.09 basis...

    • Posted September 5, 2015
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  • Arik Air rated 3-star by Skytrax

    Skytrax has released its annual world airline star ratings, ranking airlines by the quality of their front-line product and service standards. Nigeria’s Arik Air made 3-star ratings alongside 119 other airlines in the world. Arik Air is...

    • Posted September 5, 2015
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  • IMF may increase members’ interim quota deal

    There is an increasing likelihood that the International Monetary Fund (IMF) will do an interim deal on changes to its quota system, according one of its executives on Friday. Rakesh Mohan, an Executive Director at the IMF,...

    • Posted September 4, 2015
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  • NIMC extends mandatory use of NIN to January 2016

    The National Identity Management Commission (NIMC), the Issuing Authority for National Identification Number (NIN), has extended the date for the commencement of the mandatory use of the National Identification Number (NIN), from September 1, 2015 to January...

    • Posted September 4, 2015
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  • We saved $287m in Port Harcourt Refinery turnaround maintenance – Kachikwu

    The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu, has said Nigeria has saved over $287 million from the turnaround maintenance (TAM) of the Port Harcourt Refinery, Eleme. Kachikwu made...

    • Posted September 4, 2015
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  • States delaying N338bn bailout – CBN

    The Central Bank of Nigeria has said states yet to receive their shares of the N338bn bailout for the payment of workers’ outstanding salaries are responsible for the delay. The CBN said it would approve the release...

    • Posted September 4, 2015
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  • Nigeria’s non-oil export nose-dived in 2014 – NEPC

    Notwithstanding the clamour for the diversification of the Nigerian economy,  the Nigerian Export Promotion Council (NEPC), on Wednesday said the country’s export nose-dived in 2014 as against predictions. Speaking at a forum for Strategic Agricultural Commodities, Executive...

    • Posted September 4, 2015
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