All posts by BusinessNews Staff

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  NCC blocks 10.7 million telephone lines

  The Nigerian Communications Commission has blocked 10.7 million mobile telephone lines in the last one week (since August 11) for improper registration. It said on Tuesday that at the completion of a “strict monitoring of mobile operators...

  • Posted August 20, 2015
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  NNPC to publish transactions from September

  The financial transactions of the Nigerian National Petroleum Corporation will be published periodically to ensure transparency beginning from next month, the Group Managing Director, NNPC, Dr. Ibe Kachikwu, has said. According to Kachikwu, the move is part...

  • Posted August 20, 2015
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  LCCI wants government to encourage embedded power

  The Lagos Chamber of Commerce and Industry has highlighted the need for the government to spur investment in embedded power generation by providing an enabling environment for the private sector. The LCCI said the private sector must...

  • Posted August 20, 2015
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  Investors seek compensation for N1.69bn loss

  A total of 379 investors, who lost N1.69bn on the Nigerian Stock Exchange, have sought claims from the Investor Protection Fund, data provided by the IPF Board of Trustees, show. The IPF is a statutory fund established...

  • Posted August 20, 2015
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  Crude exporters, firms downsize with oil at six-year low

  Other than Nigeria’s plummeting finances, oil companies in the country’s oil and gas sector, as is the case with oil producers worldwide, have been forced to scale down on investments, slash their budgets and lay off staff...

  • Posted August 20, 2015
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  SON seeks law against exportation of uncertified products

  the Standards Organisation of Nigeria on Monday said there was a need to put in place a law that would prohibit the exportation of products not duly certified by the appropriate authorities. The Director-General, SON, Dr. Joseph...

  • Posted August 19, 2015
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  Consumers without electricity won’t pay fixed charge — NERC

  Power consumers who do not receive electricity supply will stop paying the fixed charge, the Nigerian Electricity Regulatory Commission has said. According to NERC, power distribution companies have agreed to review the fixed charge in a way...

  • Posted August 19, 2015
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  Regulator bars insurance firms from offshore investment

  The National Insurance Commission has barred insurance companies from investing in any business outside the country. Insurance firms are also prohibited from investing their income in their parent’s companies, according to a new policy by the regulator....

  • Posted August 19, 2015
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  Why Senate demands fresh bailout for aviation — Ndume

  Senate Leader, Senator Ali Ndume, on Monday, explained why his colleagues in the upper chamber were pushing for fresh bailout for the domestic airlines operators in the country despite the fact that the previous one granted to...

  • Posted August 19, 2015
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  Electricity workers begin strike in Rivers, three others

  Residents in four states in the South-South will experience blackout from today as workers of the Port Harcourt Electricity Distribution Company commence an indefinite strike over alleged unfair labour practices. The PHEDC supplies electricity to Rivers, Cross...

  • Posted August 19, 2015
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