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All posts by BusinessNews Staff

  • House of the Week: A tastefully finished 2-bedroom house for sale at Efab Estate, Life Camp, Abuja

    This week, our featured house is a tastefully finished 2 bedroom house for sale at Efab Estate, Life Camp, Abuja. This house is simply beautiful and relatively affordable considering the luxurious neighbourhood it is located in. The...

    • Posted June 26, 2015
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  • Obiano inaugurates ASBA, disburses N1bn MSMEs loans to small businesses

    The Governor of Anambra State, Chief Willie Obiano, has inaugurated the Anambra State Small Business Agency (ASBA) to serve as the catalyst for growth in the MSME sector in the state, assuring the entrepreneurs that the time...

    • Posted June 26, 2015
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  • Emefiele defends new Forex controls, says N1.3tn spent on imports annually

    The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has defended the decision of the central bank to tighten foreign exchange controls by excluding 40 items comprising rice, toothpicks, cement, margarine, palm kernel/palm oil products/vegetable...

    • Posted June 26, 2015
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  • CBN to punish banks for forex rule violation

    The Central Bank of Nigeria has said it will punish Deposit Money Banks and Bureaux de Change that sell foreign exchange to importers of rice, toothpick, tomato paste and private jets, among others, into the country. The...

    • Posted June 26, 2015
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  • Cash-strapped states seek to restructure bank debts to long-term bonds

    As part of measures by the cash-strapped states of the federation to raise funds to pay salary arrears and meet other pressing obligations, the state governors have been given the green light to restructure most of their...

    • Posted June 26, 2015
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  • Nigeria spent N660bn on imported chicken in 2014

    The Poultry Association of Nigeria (PAN) Wednesday revealed that 1.2 million metric tonnes(MT) of frozen chicken valued at N660,000 billion was imported into the country in 2014. This, according to the association, was four times higher than...

    • Posted June 26, 2015
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  • Forex rule: Naira to fall further – Experts

    the Central Bank of Nigeria’s decision to stop foreign exchange sales to importers of 40 items on Tuesday is a good move but it will make the naira to fall further against the dollar, especially at the...

    • Posted June 26, 2015
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  • BPP didn’t object to N929.6m contract, BPE insists

    The end to the controversy surrounding the approval of N929.6m legal contract towards the end of the administration of President Goodluck Jonathan for the liquidation of the Power Holding Company of Nigeria is not near in sight....

    • Posted June 26, 2015
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  • Nigeria’s active oil rigs fall by 26%

    From 38 in January this year, the number of active oil rigs in Nigeria plunged to 28 in April, mostly triggered by the slump in global crude oil prices. Oil prices dropped by more than 60 per...

    • Posted June 26, 2015
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  • Vehicle tracking beyond mobile operators’ mandate – NCC

    Vehicle tracking services are beyond the mandate of digital mobile telecommunications operators, the Nigerian Communications Commission has said. The Head, Legal and Regulatory Services, NCC, Mrs. Yetunde Akinloye, said this at the opening of a workshop for...

    • Posted June 26, 2015
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