All posts by BusinessNews Staff

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  Ayodele Somefun appointed new Unity Bank MD

  Unity Bank Plc has appointed Mrs. Oluwatomi Ayodele Somefun, as its new Managing Director. Effective 11th August 2015, she succeeds erstwhile Managing Director, Mr. Henry James Semenitari. Before her appointment, Mrs. Somefun was an Executive Director at...

  • Posted August 12, 2015
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  Oil theft: CSOs ask Buhari to tighten vessel clearance practices

  A coalition of organised Civil Society Organisations (CSOs) has asked President Muhammadu Buhari to take further measures other than just identifying and locating actors in the acts and their proceeds. The CSOs under the auspices of Civil...

  • Posted August 12, 2015
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  Stop political interference in NNPC — PENGASSAN

  The Petroleum and Natural Gas Senior Staff Association of Nigeria has urged President Muhammadu Buhari to halt political interference in the operations and activities of the Nigerian National Petroleum Corporation, as part of the ongoing reforms in...

  • Posted August 12, 2015
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  NERC, SON sign agreement on safe, reliable electricity usage

  The Nigerian Electricity Regulatory Commission (NERC) has signed a fresh agreement with the Standards Organisation of Nigeria (SON) to ensure strict adherence to safety and reliability standards in the generation, transmission, distribution and consumption of electricity in...

  • Posted August 12, 2015
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  Dangote Cement declares N121.8bn half-year profit

  Dangote Cement posted a profit after tax (PAT) of N121.808 billion in the six-month period ended June 30, 2015, indicating a 21.65 per cent increase over the N95.440billion announced for the same period of 2014. According to...

  • Posted August 12, 2015
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  Economic growth to slow on Buhari’s cabinet delay

  Renowned economist and Chief Executive Officer, Financial Derivatives Company Limited, a research and investment advisory firm, Mr. Bismarck Rewane, says economic activities will remain slow in the second half of the year until the Muhammadu Buhari-led administration...

  • Posted August 12, 2015
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  We have capacity to secure airspace – NAMA

  The Nigerian Airspace Management Agency says it has the technical capacity and competence to secure the nation’s airspace over the Gulf of Guinea. The agency’s acting General Manager, Public Affairs, Mrs. Olajumoke Adetona, told the News Agency...

  • Posted August 12, 2015
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  Massive fuel imports continue as refineries fail

  Despite claims that Nigeria’s refineries are now operational, the country will have to depend largely on imported petrol in the third quarter of 2015. It was learnt on Monday that import allocation for petrol was given to...

  • Posted August 12, 2015
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  PenCom recovers N6.7bn from defaulting employers

  The National Pension Commission has recovered N6.7bn from employers who have been deducting pension contributions from their workers’ monthly salary but not remitting the same to the employees’ Retirement Savings Accounts. A report obtained by our correspondent...

  • Posted August 12, 2015
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  Power Bulk Trader to cut PPAs negotiations timeline to six months

  The Nigeria Bulk Electricity Trading (NBET) Plc said it has made some major improvements in the content of Power Purchase Agreements (PPAs) to be negotiated and deployed by potential investors for setting up greenfield power generation plants...

  • Posted August 12, 2015
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