All posts by BusinessNews Staff

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  CBN tightens noose against fraud in banks

  In furtherance of its efforts at combating fraud within the banking industry, the Central Bank of Nigeria (CBN) has directed all deposit money banks (DMBs), mobile money operators (MMOs), Switches and all payment service providers to establish...

  • Posted June 16, 2015
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  Buhari to meet EITI chair on proposed oil sector reforms

  President Muhammadu Buhari is scheduled to hold meetings on his intended reforms in Nigeria’s oil and gas sector with visiting Chairperson of the global Extractive Industries Transparency Initiative (EITI), Clare Short, the Nigeria Extractive Industries Transparency Initiative...

  • Posted June 16, 2015
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  Daily subsidy on petrol hits N2bn

  The Federal Government’s daily spending on petrol subsidy may have risen to N2.06bn as the pricing template for the product by the Petroleum Products Pricing Regulatory Agency on Sunday put the subsidy at N51.61 per litre, the...

  • Posted June 16, 2015
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  Discos negotiate hike in electricity tariffs with customers

  Following the commencement of negotiations between the Distribution Companies (Discos) and electricity consumers for a review of electricity tariffs, there is a major likelihood that a hike in tariffs will take effect next month, THISDAY has learnt....

  • Posted June 16, 2015
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  Cancellation of royalties: FG loses $1bn annually to foreign airlines

  Facts have emerged that the federal government loses about $1 billion annually from international airlines which pay royalties to cover their flights to Nigeria without reciprocity from indigenous carriers. Government said it discontinued the collection of royalties...

  • Posted June 16, 2015
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  Review 2015 budget – Group urges Buhari

  The Centre for Social Justice has called on the administration of President Muhammadu Buhari to embark on the review of the 2015 federal budget in line with current economic realities, because the the fiscal document, in its...

  • Posted June 16, 2015
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  CBN tells banks to establish fraud desks

  he Central Bank of Nigeria has directed Deposit Money Banks to maintain dedicated fraud desks in order to stem frauds within the banking industry. The CBN said in a circular that it had established the Nigeria Electronic...

  • Posted June 16, 2015
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  NCC pledges commitment to national broadband plan

  The Director, Consumer Affairs Bureau, Nigerian Communications Commission, Mrs. Maryam Bayi, has reiterated the commitment of the NCC to National Broadband Plan. She stated that the auction of 30MHz bandwidth on the 2.3GHz spectrum slot conducted by...

  • Posted June 16, 2015
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  Legacy Pension pays N18.25bn to 7,542 contributors

  The Managing Director, Legacy Pension Limited, Mr. Misbahu Yola, says the company has paid a total sum of N18.25bn in various benefits to over 7,542 contributors in the last seven years. Yola, who disclosed this while speaking...

  • Posted June 16, 2015
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  Stakeholders want Judiciary to deepen role in Capital Market development

  Some stakeholders in the nation’s capital market have called on the judiciary to deepen its  role in the development of the market by fast-tracking capital market related cases. They also said judges should not grant unnecessary orders...

  • Posted June 16, 2015
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