Don't Miss


All posts by BusinessNews Staff

  • NNPC shuts Warri refinery over vandalism

    Barely a month after it resumed production, the Warri Refining and Petrochemical Company Limited has been shut down again, a situation that may constitute a setback to the new administration’s current efforts at shoring up local supply...

    • Posted September 1, 2015
    • 0
  • 658 Lagos pensioners get N2.27bn

    Lagos State said it had given out Retirement Benefit Bond Certificates worth N2.17bn to 658 retirees in the state as part of efforts to ensure comfortable future for them. A statement obtained from the Lagos State Pension...

    • Posted September 1, 2015
    • 0
  • PHEDC workers will strike every month – Ajaero

    Electricity workers in Port Harcourt have threatened to continue with industrial action every month till the issues affecting workers’ welfare are resolved by the management of the Port Harcourt Electricity Distribution Company. While addressing journalists in Lagos...

    • Posted September 1, 2015
    • 0
  • SEC partners schools to improve investor education

    The Securities and Exchange Commission has said it is ready to collaborate with stakeholders in the education sector as a means of promoting human capital development and investor education. The commission said in a statement on Sunday...

    • Posted September 1, 2015
    • 0
  • Firms urge SON to end 12-year attack by counterfeiter

    The Nigeria Ball Point Pen Industries Plc (NIPPEN), makers of BIC products including shavers and pens, along with Van Morris Links Limited franchise owners of Dorco shavers, has called on the Standards Organisation of Nigeria (SON) to...

    • Posted September 1, 2015
    • 0
  • Anxiety trails Ports infrastructure audit

    It is about nine years since the nation’s seaports were handed over to the private operators under a concession programme. Prior to 2006, the Nigerian Ports Authority (NPA) handled terminal operation, a major statutory function that was...

    • Posted August 31, 2015
    • 0
  • Power firms not ready for commercial market — TCN

    The continued flouting of the contractual demands of the Transitional Electricity Market by power distribution companies is a clear indication that the firms are not prepared for the take-off of TEM, which was declared in February this...

    • Posted August 31, 2015
    • 0
  • Interbank rates ease on cash inflows

    The nation’s interbank lending rates fell sharply to 8.25 per cent on average this week from 40 per cent last week after budgetary allocations to government agencies on Thursday raised liquidity levels in the money market. The...

    • Posted August 30, 2015
    • 0
  • India’s import of Nigeria’s oil hits record high

    Import of Nigerian crude oil by India hit a record high of 20.373 million barrels in April, helping to reverse the drop in Asia’s imports of the nation’s crude, a new report by the Nigerian National Petroleum...

    • Posted August 30, 2015
    • 0
  • FG, US build pharmaceutical warehouse in Lagos

    The United States is set to assist the Federal Government to build its first pharmaceutical warehouse in Nigeria. The US, through the US Agency for International Development, and in partnership with the Global Fund for Acquired Immune...

    • Posted August 30, 2015
    • 0