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All posts by BusinessNews Staff

  • Naira now 216 on banks’ dollar rejection

    The naira rose further from 222 to 216 at the parallel market on Monday as Deposit Money Banks continued to reject cash deposits in dollars. The Central Bank of Nigeria had said it supported the move by...

    • Posted August 5, 2015
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  • Forte Oil to boost operations with fresh capital injection

    Additional capital will soon be injected into Forte Oil Plc  that will significantly shore up  shareholders funds and impact its negative working capital. The Group Managing Director  of Forte Oil, Mr. Akin Akinfemiwa, who disclosed this yesterday ...

    • Posted August 5, 2015
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  • Foreign investors woo Bayelsa Government on Atala Oifield

    Following the determination of Governor Seriake Dickson of Bayelsa State to develop the state-owned  Atala oilfield, several foreign investors were said to have indicated interest in the marginal asset, THISDAY has learnt. It was gathered that during...

    • Posted August 5, 2015
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  • Obama challenges Nigeria, others to reverse brain drain

    The United States President, Barack Obama, on Monday said it was the responsibility of Nigeria and other African countries, and not that of his country, to reverse the influx of the continent’s intellectuals and manpower to other...

    • Posted August 5, 2015
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  • Cyber risk, tax top threats for CEOs – PwC

    The findings of two recent reports by PwC that chart the top risks in the global insurance sector and the growth concerns of insurance chief executive officer shows that cyber risk, interest rates and growing tax burden...

    • Posted August 5, 2015
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  • SON raises panel for herbal medicine standardisation

    The Standards Organisation of Nigeria on Monday constituted a committee for the standardisation of herbal medicines. The Director-General, SON, Dr. Joseph Odumodu, while inaugurating the committee, said the move would help boost the demand for herbal products....

    • Posted August 5, 2015
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  • NIMC, PenCom strengthen partnership for development

    The National Pension Commssion has said it will hasten the process of harmonising and integrating the PenCom database with the National Identity database to ensure complete synergy with the National Identity Management Commission. The Director General, PenCom,...

    • Posted August 5, 2015
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  • 62 trainees graduate from Skye Bank Business School

    A total of 62 fresh graduands of the Skye Business School who passed through a very rigorous and thorough academic programme have joined the workforce of Skye Bank Plc after the necessary basic banking training programme. The...

    • Posted August 5, 2015
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  • Cashless policy: CBN directs banks to refund charges in 30 states

    The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs), microfinance banks (MFBs) as well as primary mortgage institutions (PMI) to refund to their customers, charges applied for withdrawals above the stipulated threshold under the...

    • Posted August 4, 2015
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  • Siemens, local firm to build 70MW solar facility in Nigeria

    Siemens, a leading global engineering giant, and CT Cosmos, a Nigerian firm based in Abuja, have concluded a memorandum of understanding to construct a 70MW alternating current (MWac) photovoltaic (solar) power facility estimated at $170 million in...

    • Posted August 4, 2015
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