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All posts by BusinessNews Staff

  • Petrol scarcity returns in Lagos

    Activities at the various petrol depots in the Apapa axis of Lagos and other parts of the country were grounded on Thursday following very poor supply of Premium Motor Spirit (petrol) to them. Petrol tankers looking to...

    • Posted July 4, 2015
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  • Power consumer advocacy network collapses after two months

    The Nigerian Electricity Consumer Advocacy Network, which was inaugurated by the Nigerian Electricity Regulatory Commission about two months ago, has collapsed. While members of the group stated that its collapse was due to NERC’s refusal to provide...

    • Posted July 4, 2015
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  • Manufacturers foresee improved infrastructure under Buhari

    Manufacturers have expressed hope that the government of Muhammadu Buhari will usher in positive change in the area of infrastructure, especially power. They expressed this hope during this year’s luncheon organised by the Ikeja branch of the...

    • Posted July 4, 2015
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  • Ondo residency card scheme will boost IGR – Mimiko

    The Ondo State Government on Thursday in Akure inaugurated the residency card otherwise known as ‘Kaadi Igbeayo’. Governor Olusegun Mimiko said the card would enable the residents of the state to benefit from government’s services and facilities,...

    • Posted July 4, 2015
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  • 70% of air crashes in Nigeria caused by regulatory inefficiency – AON

    Airline Operators of Nigeria (AON) thursday said about 70 per cent of the air accidents that happened in Nigeria were caused by regulatory inefficiency and negligence by government agencies in the industry. This was disclosed by the...

    • Posted July 4, 2015
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  • House of the Week: A beautiful 5-bedroom house for sale at Omole Phase 1, Lagos

    Our featured property of the week is a 5 bedroom house for sale at Omole Phase 1, Lagos. This property has 5 bedrooms, 5 bathrooms, 1 dining area and 1 room BQ. Located in one of the...

    • Posted July 3, 2015
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  • CBN extends Forex curbs to export proceeds, BDCs

    The Central Bank of Nigeria (CBN) on Wednesday stated that beyond the exclusion of funding for 41 items in the interbank forex market, the items cannot also be funded from proceeds of exports as well as the...

    • Posted July 3, 2015
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  • Stakeholders want Tank Farms relocated from Apapa

    Following the last stakeholders’ meeting held at Alausa, to find lasting solutions to the traffic gridlock within Apapa and its environs, stakeholders and residents in the community have concluded that tank farms in the surroundings should be...

    • Posted July 3, 2015
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  • FIRS collects N1.8trn in six months

    The Federal Inland Revenue Service (FIRS) said on Thursday in Abuja that it collected N1.85 trillion as tax from the various sectors of the economy between January and June this year. The Acting Chairman of agency, Mr...

    • Posted July 3, 2015
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  • Oil slump: Expert expects further naira devaluation soon

    The United Bank for Africa Plc says it expects a further devaluation of the naira very soon and predicts that the development may make goods imported into the country more expensive. The Executive Director, Treasury and International...

    • Posted July 3, 2015
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