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All posts by BusinessNews Staff

  • LCCI cautions banks against publishing debtors’ names

    The Lagos Chamber of Commerce and Industry has warned banks not to publish the names of their debtors, saying it is unprofessional and capable of undermining the spirit of enterprise in the economy Deposit Money Banks have...

    • Posted July 22, 2015
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  • Oando seeks legislation to boost usage of renewable energy

    Oando Energy Resources (OER), a subsidiary of Oando Group, has called on the three tiers of government in Nigeria to develop legislative and regulatory frameworks to drive the usage of renewable energy in the country. Speaking at...

    • Posted July 22, 2015
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  • Expert proffers ways to restructure NNPC, oil industry

    Following the recent proposal by Kaduna State Governor, Mallam Nasir El-Rufai that President Muhammadu Buhari should scrap and replace the Nigerian National Petroleum Corporation (NNPC) with brand new fit-for-purpose entities, an industry expert, Mr. Dan Kunle has...

    • Posted July 22, 2015
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  • Chicken, turkey scarcity hits market, prices soar by 29%

    A week after the Nigeria Customs Service launched the ‘Operation Hawk Descend’, a special operation against the smuggling of frozen poultry into the country, the prices of foreign poultry have risen by 28.5 per cent, while those...

    • Posted July 22, 2015
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  • Community shuts Shell’s oil field, demands power supply

    The Koroama community, host to Shell Petroleum Development Company’s Gbarain-Ubie Integrated Gas Plant in Bayelsa State, has shut down the gas field. Members of the community carried out the action to demand electricity supply from the power...

    • Posted July 22, 2015
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  • CMC to examine capital market master plan implementation

    The 10-year capital market master plan, which is expected to refocus the market and help double its size, will take the centre stage at the next meeting of the Capital Market Committee, the Securities and Exchange Commission...

    • Posted July 22, 2015
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  • Oil vessel ban will check impunity – Operators

    The ban of 133 oil tankers from the country’s waters by the Presidency through the Nigerian National Petroleum Corporation will check the high level of impunity that has characterised the oil and gas sector, operators have said....

    • Posted July 22, 2015
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  • NNPC raises alarm on diversion of petrol by marketers

    Concerned that the nationwide scarcity of petrol has refused to ease despite its efforts to flood the market with the product, the Nigerian National Petroleum Corporation (NNPC) has raised the alarm over the alleged diversion of trucks...

    • Posted July 21, 2015
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  • Fund managers urged to comply with new capital requirement

    The President, Fund Managers Association of Nigeria (FMAN), Mr. Michael Oyebola, has urged member firms of the association to  comply with the new minimum capital set by the Securities and Exchange Commission (SEC) before the September 30,...

    • Posted July 21, 2015
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  • Naira remains under pressure as MPC meets Thursday

    Economic and currency analysts expect the naira to remain under pressure at the parallel market this week even as the Monetary Policy Committee of the Central Bank of Nigeria meets on Thursday and Friday to take key...

    • Posted July 21, 2015
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