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All posts by BusinessNews Staff

  • NNPC cancels crude oil delivery contracts to refineries

    The Nigerian National Petroleum Corporation on Thursday announced the cancellation of the terms of contract for the delivery of crude oil to the refineries in Warri, Port Harcourt and Kaduna. The corporation also announced the termination of...

    • Posted August 28, 2015
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  • CBN fixes time limit for resolution of customers’ complaints

    The list of groundbreaking feats of the new Nigeria Football Federation (NFF) administration climbed yesterday as the federation President, Amaju Pinnick, glowed at the 55th Annual General Conference of the Nigeria Bar Association in Abuja. Presenting a...

    • Posted August 28, 2015
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  • UBA board meets to consider audited results, interim dividend

    Shareholders of United Bank for Africa (UBA) Plc are to receive an interim dividend if the plan of the Board of the bank is approved. THISDAY gathered that following the successful audit of its 2015 half year...

    • Posted August 28, 2015
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  • NCC seeks subscribers’ understanding on SIM deactivation

    The Nigerian Communications Commission (NCC) has called for more understanding among telecoms subscribers over the challenges they are currently passing through, as a result of its directive to telecoms operators to deactivate every improperly registered and unregistered...

    • Posted August 28, 2015
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  • Bailout: Release funds to states – CBN orders banks

    The Central Bank of Nigeria said on Wednesday that it had given approval to the request by the Deposit Money Banks to provide funds for state governments to enable them to pay the backlog of salaries of...

    • Posted August 28, 2015
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  • BEDC to supply 100,000 prepaid meters per annum

    The Benin Electricity Distribution Company says it has the target of supplying 100,000 prepaid meters to its numerous customers in Edo, Delta, Ondo and Ekiti states every year. The Chief Executive Officer of the company Mrs. Funke...

    • Posted August 28, 2015
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  • World Bank offers FG N27.58bn for community projects

    The World Bank on Wednesday said it would soon start the disbursement of $140m (N27.58bn) under its assisted Community and Social Development Project to 26 states and the Federal Capital Territory. The bank, in a statement issued...

    • Posted August 28, 2015
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  • NCC to adopt ITU parameters to address dwindling telecoms service

    The Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, Tuesday said the commission would address the dwindling quality of service in the telecommunications sector using the internationally acceptable standards as set by the International Telecommunications...

    • Posted August 27, 2015
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  • NNPC sets new terms for crude swaps

    Following President Muhammadu Buhari’s approval to the Nigerian National Petroleum Corporation (NNPC) for the cancellation of the offshore process contracts and crude oil swaps, the state-run oil firm has started the process of setting out new terms...

    • Posted August 27, 2015
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  • Nigeria may miss $400bn global support fund

    The South-West Coordinator of the Department for International Development, Dr. Adesina Fagbenro, has warned that Nigeria may not benefit from the $400bn global fund support set aside by international financing agencies if the country fails to align...

    • Posted August 27, 2015
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