All posts by BusinessNews Staff

• 
  Sterling Bank, GTB’s half-year profits rise

  Sterling Bank Plc and Guaranty Trust Bank Plc on Thursday filed their results for the half year ended June 30, 2015 with the Nigerian Stock Exchange with both banks reporting increases in earnings and profits. Sterling Bank’s...

  • Posted August 22, 2015
  • 0
• 
  Nigeria can earn N5tn from agriculture – Shonga GM

  Nigeria can achieve national food security and earn about N5tn foreign exchange from agricultural exports as well as create massive employment with the adoption of commercial agriculture, the General Manager, Shonga Farm Holdings Limited, Mr. Adebayo Sangobiyi,...

  • Posted August 22, 2015
  • 0
• 
  CSOs recommend probe of dollar deposits in banks

  A coalition of Civil Society Organisations has called on the Central Bank of Nigeria and security agencies to trace the source of the huge dollar deposits in commercial banks, noting that they could be illicit funds being...

  • Posted August 22, 2015
  • 0
• 
  IFMA, Law Union partner on compulsory insurance

  Law Union and Rock Insurance Plc is to partner with the International Facilities Managers Association to deepen insurance penetration in Nigeria. The Managing Director and Chief Executive Officer, Law Union, Mr. Jide Orimolade, disclosed this during a...

  • Posted August 22, 2015
  • 0
• 
  Import duty evasion: Firms move to offset N23bn outstanding charges

  Defaulting importers in the N23 billion import duty evasion have begun moves to offset their debts. The firms, which include the Stallion Group, Olams Farms, and Conti Agro Nigeria Limited are said to be owners of a...

  • Posted August 22, 2015
  • 0
• 
  NCC, Telcos spent N46.1bn on SIM card registration in five years

  The Nigerian Communications Commission (NCC) and the four operators of Global System for Mobile Communications (GSM), spent about N46.1 billion on SIM card registration from 2010 to 2015, THISDAY investigation has revealed. The breakdown of the figure...

  • Posted August 21, 2015
  • 0
• 
  NBC begins work on N80bn mega plant project in Imo

  Management of the Nigerian Bottling Company (NBC) Limited has disclosed that work would soon commence on its mega plant project at Okigwe in Imo State which is expected to cost the company N80 billion. Also, the bottling...

  • Posted August 21, 2015
  • 0
• 
  BVN: CBN provides guidelines for Nigerians abroad

  The Central Bank of Nigeria says it has finalised the guidelines for Nigerians in the Diaspora to enroll for the Bank Verification Number. The Director, Banking and Payment System Department, CBN, Mr. Dipo Fatokun, said this in...

  • Posted August 21, 2015
  • 0
• 
  Recapitalisation: SEC extends reclassification notification to August 31

  The Securities and Exchange Commission (SEC) has granted an extension to capital market operators (CMO), who intend to reclassify their functions or merger their businesses in view of the recapitalisation exercise by one month. SEC had last...

  • Posted August 21, 2015
  • 0
• 
  SIM deactivation: Angry subscribers storm network centres

  Following the commencement of deactivation of all unregistered and improperly registered SIM cards across telecoms networks, as directed by the Nigerian Communications Commission (NCC), irate subscribers whose phone lines have either been barred or deactivated, yesterday stormed...

  • Posted August 21, 2015
  • 0