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All posts by BusinessNews Staff

  • NIMASA introduces new medical certification

    The Nigerian Maritime Administration and Safety Agency (NIMASA) has introduced new Seafarer’s Medical Certification Documents in compliance with extant requirements of the Maritime Labour Convention (MLC) 2006 and Standards of Training, Certification and Watch keeping (STCW) 1998...

    • Posted August 30, 2015
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  • CBN’s forex ban will boost naira stability – Expert

    The decision of the Central Bank of Nigeria to deny importers of 41 items access to the nation’s foreign exchange markets through Deposit Money Banks is paying off and is in the right direction, a financial expert...

    • Posted August 29, 2015
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  • We’ve committed $2.2m to Second Niger Bridge – NSIA

    The Nigerian Sovereign Investment Authority has put its total commitment to the construction of the Second Niger Bridge at $2.21m (N435.4m). The project is structured as a Public Private Partnership and will be constructed and operated on...

    • Posted August 29, 2015
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  • Shell declares force majeure on Bonny Light exports

    Barely a week after it resumed gas supplies to the Nigeria LNG Limited from the Eastern Gas Gathering System, Shell Petroleum Development Company has declared force majeure on Bonny Light crude oil exports. Bonny Light is one...

    • Posted August 29, 2015
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  • Senate probes Customs, FIRS over N567bn scam

    The Senate on Thursday commenced investigation into the alleged unauthorised spending of N567bn being the cost of tax collected by the Nigerian Customs Service and the Federal Inland Revenue Service from January 2005 to July 2015. A...

    • Posted August 29, 2015
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  • Fitch: Nigerian banks heading into storms

    Fitch Rating has warned that Nigerian banks are heading into financial and operational storms in view of what it called the increasingly difficult conditions under which they are operating. It made it clear that the difficult times...

    • Posted August 29, 2015
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  • NNPC reduces list of potential oil lifters from 43 to 16

    In a novel move to instill transparency and probity in the award of the annual crude oil term contracts, the Nigerian National Petroleum Corporation (NNPC) on Thursday mapped out measures to execute the 2015/2016 award of contracts...

    • Posted August 29, 2015
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  • CBN, IFC seek improved credit system

    The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a member of the World Bank Group, have said that the current difficulties being faced by the country’s micro, small and medium enterprises (MSMEs) in...

    • Posted August 29, 2015
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  • NCS boss tasks officers on revenue generation

    The Customs High Command has issued a marching order to men and officers of the service to increase their revenue generation or get the butts. The order was issued amidst the fears that the Nigeria Customs Service...

    • Posted August 29, 2015
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  • Equities value falls by N571bn in three days

    The market capitalisation of the listed equities on the Nigerian Stock Exchange fell by N571bn or 5.57 per cent between Monday and Wednesday as investors, spooked by uncertainty about economic policies and the global sell-off in equities...

    • Posted August 28, 2015
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