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All posts by BusinessNews Staff

  • Government owes us N600bn – Construction firms lament

    The three tiers of government currently owe operators in the construction industry over N600bn, key players in the sector have said. It was learnt that over 80 per cent of the sum was owed by the Federal...

    • Posted June 25, 2015
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  • 307 Capital Market operators meet new capital requirement

    About three months to the deadline for the new capital base requirement, 307 capital market operators have complied, THISDAY checks have revealed. The Securities and Exchange Commission(SEC)  had set a new minimum capital base for capital market...

    • Posted June 25, 2015
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  • Nigeria still gives power to Niger, Republic of Benin – Nnaji

    Despite the acute power deficit in Nigeria, the country still gives undisclosed quantity of electricity to Niger and Republic of Benin, as part of the government-to-government efforts to boost regional integration in the West African sub-region. Speaking...

    • Posted June 24, 2015
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  • NSE plans to trade naira future as market opens positively

    Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema  has said the Exchange  plans to start trading naira futures that will help investors hedge against movements in the local currency. Speaking in an interview...

    • Posted June 24, 2015
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  • Seplat eyes NNPC stakes in oil, gas JVs

    The Chairman, Seplat Petroleum Development Plc, Mr. Ambrosie Orjiako, has lent his voice to the growing calls on the Federal Government to sell its stakes in oil and gas joint ventures, adding that his company would be...

    • Posted June 24, 2015
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  • Dawodu appointed CEO of Citi Nigeria

    Citi has named Mr. Akin Dawodu as the chief executive officer (CEO) of Citi Nigeria, with a charge for him to grow the bank’s business in the key African market. Prior to his appointment, the new CEO...

    • Posted June 24, 2015
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  • Customers besiege banks for BVN enrolment

    Many bank customers in Makurdi on Monday besieged their banks to enroll for the bank verification number (BVN) about a week to the deadline of the exercise. The BVN is an initiative aimed at protecting bank customers...

    • Posted June 24, 2015
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  • Manufacturers lament as power firms shun local meters

    Indigenous meter manufacturers have raised the alarm over what they described as deliberate neglect of their products by power distribution companies. The manufacturers said they were not recording bulk purchases from the Discos despite the wide metering...

    • Posted June 24, 2015
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  • We will work with CPC on consumer rights – MultiChoice

    MultiChoice Nigeria, promoters of DStv, has promised to cooperate with the Consumer Protection Council, which recently announced its intention to probe alleged consumer rights violations by the pay-TV company. MultiChoice was responding to reports on Monday that...

    • Posted June 24, 2015
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  • RMAFC’s pay review committee begins work

    The committee set up by the Revenue Mobilisation Allocation and Fiscal Commission for the downward review of the salaries and allowances of political, public and judicial office-holders has started sitting. The Head, Public Relations, RMAFC, Mr. Ibrahim...

    • Posted June 24, 2015
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