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All posts by BusinessNews Staff

  • Osun Osogbo Festival to be listed on the Nigerian Stock Exchange

    Mr Ayo Olumoko, the organiser of Osun Osogbo Festival on Tuesday said plans were underway to list it on the Nigerian Stock Exchange (NSE). Olumoko said this while addressing newsmen during the unveiling of the 2015 edition...

    • Posted July 29, 2015
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  • FG’s gross revenue hits N485bn in June

    The gross revenue of the Federal Government rose for the second month in June, hitting N485.95bn ($2.44bn), Reuters reported on Monday quoting the Ministry of Finance. The amount is 33 per cent higher than the amount the...

    • Posted July 29, 2015
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  • Import quota: FG moves against defaulters, seals four warehouses over N23bn debt

    Nigeria Customs Service has commenced the sealing up of warehouses of four defaulting Rice Importers. “The action is intended to give a bite to several letters of warming and ultimatum to the beneficiaries of rice import quota...

    • Posted July 29, 2015
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  • Only 36% Nigerians experience improvement in electricity

    A recent poll results on the level of public electricity services to Nigerians have revealed that only about 36.4 per cent of the country’s 160 million people have seen some improvements in electricity supply in the last...

    • Posted July 29, 2015
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  • Nigeria’s gas reserves life index stands at 79 years – DPR

    The Department of Petroleum Resources (DPR) has stated that Nigeria’s gas reserves of 188 trillion cubic feet (TCF) would be exhausted within 79 years from January 1, 2015. Speaking at a recent meeting of the Nigerian Gas...

    • Posted July 29, 2015
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  • Oil falls below $54, threatens Nigeria’s savings

    The global benchmark Brent crude hit a four-month low of $53.33 per barrel on Monday, thereby threatening the expected accretion to Nigeria’s Excess Crude Account this year. The steep decline in oil prices had forced the National...

    • Posted July 29, 2015
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  • NSE emerges top African regulator

    The Nigerian Stock Exchange has been named the African Regulator of The Year at the 6th African Business Leadership Forum and Awards, the Exchange said on Monday. The Chief Executive Officer, NSE, Mr. Oscar Onyema, was also...

    • Posted July 29, 2015
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  • BVN: NIBSS partners foreign firm for Nigerians abroad

    The Nigeria Inter-Bank Settlement System Plc says it has collaborated with a foreign company, Online Integrated Solutions, to enable it carry out a biometric registration of Nigerians in the Diaspora. The Managing Director, NIBSS, Mr. Ade Shonubi,...

    • Posted July 29, 2015
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  • States to repay bailout loans from allocations

    The bailout package being prepared by the Central Bank of Nigeria for the 36 states of the federation is to be deducted from their statutory allocations, findings have revealed. Investigations on Monday revealed that some state governors...

    • Posted July 29, 2015
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  • WACOT: Nigeria gets $32m non-oil revenue from sesame export

    The General Manager, West African Cotton Company Limited (WACOT) Pankaj Chawla, said ‎Nigeria has non-oil revenue of $320 million from exports of sesame, representing 10 per cent of the total sum of $3.2 billion global trade of...

    • Posted July 29, 2015
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