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All posts by BusinessNews Staff

  • Pre-registered SIM cards: MTN vows sanction against non-compliant trade partners

    Following the recent directive by the Nigerian Communications Commission (NCC) to telecoms operators to deactivate all pre-registered SIM cards on their networks or face sanctions, MTN, who wants to maintain its integrity as market leader, has in...

    • Posted August 14, 2015
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  • Inflation rate remains 9.2%

    The National Bureau of Statistics on Wednesday released the Consumer Price Index for July 2015, stating that the nation’s inflation rate had remained unchanged at 9.2 per cent. The actual CPI released by the bureau came against...

    • Posted August 14, 2015
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  • Egbin Power boosts electricity generation by 1,100MW

    The Chief Executive Officer of Egbin Power Plc, Mr. Dallas Peavey, has stated that the plant has hit a generation capacity of 1,100 megawatts, thus accounting for almost one-third of the current improvement in power supply across...

    • Posted August 14, 2015
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  • Naira firms on parallel market as CBN sells dollars

    The Central Bank of Nigeria (CBN) sold $80 million to bureaux de change (BDC) operators on Wednesday at N197 to a dollar. This helped to strengthen the nation’s currency on the parallel market, the president of the...

    • Posted August 14, 2015
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  • CBN implementing ‘panicky’ policies — ECCIMA

    The Director-General, Enugu Chamber of Commerce, Industries, Mines and Agriculture, Mr. Emeka Okereke, has said policies introduced by the Central Bank of Nigeria to stop the slide in the value of the naira are “panicky” measures that...

    • Posted August 14, 2015
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  • Gas producers seek better pricing, improved regulation

    Amid growing demand for natural gas in the country, especially for power generation, gas producers have said that the current gas pricing in the country remains a significant drawback to investment. The gas producers including Shell, Frontier...

    • Posted August 14, 2015
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  • Oil sector accounts for 80% Nigeria’s corruption — IPMAN

    Nigeria’s oil and gas sector accounts for about 80 per cent of the total corruption-related issues across the country, the Independent Petroleum Marketers Association of Nigeria has said. According to IPMAN, although some cases of corruption may...

    • Posted August 14, 2015
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  • Telcos lament 50% revenue loss to WhatsApp, Skype

    The increasing takeover of calling and Short Message Service by over-the-top players, or apps, such as WhatsApp and Skype, is eating deep into voice revenue of telecommunications companies in Nigeria by as much as 50 per cent,...

    • Posted August 14, 2015
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  • 95% of MSMEs in Africa don’t have access to loan – Report

    A recent report that focused on micro, small and medium-sized enterprises (MSMEs) across Africa, has revealed that more than 95 per cent of MSMEs, operate with personal cash, which is untraceable, costly to handle and unsafe. Operating...

    • Posted August 14, 2015
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  • Stakeholders urge NNPC’s new GMD to promote professionalism

    Stakeholders in Nigeria’s oil and gas industry have called on the newly-appointed Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) to shun politics and embrace professionalism in the running of the affairs of the national...

    • Posted August 13, 2015
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