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All posts by BusinessNews Staff

  • Nigeria gets N9.4tn investments in 30 months

    A total sum of $47.4bn (about N9.4tn) was invested in the Nigerian economy by local and foreign investors between January 2013 and June this year, figures obtained from the National Bureau of Statistics indicated. The bureau in...

    • Posted August 24, 2015
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  • Job creation drops by 69% in three months

    The National Bureau of Statistics on Friday released its job creation report for the second quarter of 2015, stating that the economy created a total of 141,368 jobs within the period. The bureau, in the report, stated...

    • Posted August 23, 2015
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  • Establish farmers’ intervention fund – Group urges FG

    The Federal Government under President Muhammadu Buhari has been urged to establish a N100bn intervention fund for women farmers in Nigeria. The Kwara State Coordinator, Country Women Association of Nigeria, Alhaja Bosede Anifowose; and the Kwara State...

    • Posted August 23, 2015
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  • NNPC to explore community policing of oil pipelines

    The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu has hinted that the corporation may settle for the option of community based policing to protect the vast  network of oil and...

    • Posted August 23, 2015
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  • Dissolution of APCON Council may stall reforms

    The dissolution of the Advertising Practitioners Council of Nigeria (APCON) along with government parastatls by President Muhammadu Buhari has once again thrown spanner in  the works in the affairs of the advertising regulatory body. Just when the...

    • Posted August 23, 2015
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  • Aviation Ministry alleges airlines owe agencies N100billion

    The Ministry of Aviation has alleged that the debts owed to the aviation agencies by Nigerian airlines have risen to about N100 billion. These debts are owed to the Federal Airports Authority of Nigeria (FAAN), the Nigerian...

    • Posted August 22, 2015
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  • Access Bank grows profit by 44% to N39bn, declares interim dividend

    Access Bank Plc thursday reported an impressive half year results, showing significant increases and deliver an interim dividend of 25 kobo per share despite the headwinds in the banking sector. The audited results for the half year...

    • Posted August 22, 2015
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  • CBN, NIBSS seek increased adoption of e-payment

    The Executive Director, Nigeria Inter-Bank Settlement System Plc, Mrs. Christabel Onyejekwe, says the company has collaborated with the Central Bank of Nigeria to introduce an industry-wide incentive to encourage Nigerians to adopt electronic payment for financial transactions....

    • Posted August 22, 2015
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  • CBN vows to fight speculators betting on naira devaluation

    Meanwhile, the CBN has vowed to fight off speculators taking bets that the naira will be devalued after Kazakhstan became the latest country to abandon control of its currency. “We haven’t seen any reason so far to...

    • Posted August 22, 2015
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  • Analysts highlight remedy for stable naira

    Analysts at the Financial Derivatives Company Limited (FDC) have argued that the perennial volatility recorded by the naira in the parallel market will continue unless the supply-demand dynamics are adjusted and the domestic manufacturing industry becomes competitive...

    • Posted August 22, 2015
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