All posts by BusinessNews Staff

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  PENGASSAN faults El-Rufai on call to disband NNPC

  Oil workers under the auspices of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have condemned the Kaduna State Governor, Mallam Nasir El-Rufai, over his recent call for scrapping of the Nigerian National Petroleum...

  • Posted July 17, 2015
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  NSE loses N1.3tn in market capitalisation

  As bearish sentiment in the Nigerian stock market held sway last week, the market capitalisation of equities listed on the Nigerian Stock Exchange has fallen by N1.3tn from a high of N12.135tn recorded in April. The equities...

  • Posted July 14, 2015
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  Akwa Ibom to assemble luxury cars, others

  Akwa Ibom State will on Monday begin the construction of a plant to assemble luxury cars, ambulances and fire trucks in the state. The move, according to a statement on Friday, is part of the efforts of...

  • Posted July 14, 2015
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  E-payment transactions hit N35.1tn – Heritage Bank CEO

  The Managing Director and Chief Executive Officer, Heritage Bank Limited, Mr. Ifie Sekibo, said electronic payment transactions in the country grew from N18.1tn in 2012 to N35.1tn in 2014. He said innovation was inevitable for the banking...

  • Posted July 14, 2015
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  Government to write CBN over high loan collaterals

  The Federal Government has expressed concern over the inability of women farmers to access loans and micro-credit schemes from banks due to high collateral. Already, the Permanent Secretary in the Ministry of Women Affairs, Mr. Ezekiel Oyemomi,...

  • Posted July 13, 2015
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  GTBank named ‘Best Bank in Nigeria’

  Guaranty Trust Bank Plc has been named ‘Best Bank in Nigeria’ by Euromoney. The lender won the award during the 2015 Euromoney Awards held at the Natural History Museum in London on Thursday, a statement by the...

  • Posted July 13, 2015
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  Forex rule: CBN backs oil palm sector revamp

  The Central Bank of Nigeria on Friday said it would do everything within its powers to support the revitalisation of the oil palm sector in Nigeria in order to provide jobs for Nigerians. The CBN Governor, Mr...

  • Posted July 13, 2015
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  Miners association’s Microfinance Bank to commence operations in 2016

  (NAN) Alhaji Sani Shehu, the National President, Miners Association of Nigeria, said on Sunday that the Miners Microfinance Bank for small-scale miners would no longer be established this year, as earlier proposed. Shehu, in an interview with...

  • Posted July 13, 2015
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  LCCI wants CBN to review foreign exchange policy

  (NAN) The Lagos Chamber of Commerce and Industry (LCCI) has called on the Central Bank of Nigeria (CBN) to review its foreign exchange policy for imported goods. The LCCI made the call in a statement signed by...

  • Posted July 12, 2015
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  Nigeria’s active telecoms subscribers increase to 146million

  (NAN) The Nigerian Communications Commission (NCC) on Sunday said the active lines in the nation’s telecommunications industry stood at 146,561,744 in the month of May. The commission made this known in its Monthly Subscriber Data which was...

  • Posted July 12, 2015
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