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All posts by BusinessNews Staff

  • 51 million telephone lines dormant – NCC

    A total of 51,464,799 telecommunications lines in the country are now dormant, according to statistics released in Abuja on Monday by the telecommunications regulatory agency, the Nigerian Communications Commission. The statistics showed that as of April 30,...

    • Posted June 3, 2015
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  • Wema Bank unveils new brand identity

    Wema Bank Plc says it has unveiled a new brand identity as part of the efforts to reposition itself as a modern and customer-focused bank. In a statement on Monday, the lender said the development was in...

    • Posted June 3, 2015
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  • Asian refiners cut Nigerian crude imports

    Nigeria is grappling to retain its market share, especially in Asia, where it saw an increase in the import of its crude oil last year, after it lost business in its main market, the United States. The...

    • Posted June 3, 2015
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  • MasterCard, Google boost cashless transactions

    United States-based payment company, MasterCard Incorporated, has signed an agreement with Google to expand cashless transactions for its cardholders. The agreement led to the introduction of Android Pay, a product which will enable MasterCard credit, debit, prepaid...

    • Posted June 3, 2015
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  • We implemented 60 reforms to diversify Nigeria’s economy – Aganga

    Immediate past Minister of Industry, Trade and Investment, Mr. Olusegun Aganga said over 60 reforms programmes and 12 games changers were implemented within the last four years to diversify the revenue base of the economy. Aganga stated...

    • Posted June 3, 2015
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  • Arik ranked among World’s Best in Economy Class seats

    Nigeria’s biggest airline, Arik Air has been ranked as one of the top ten airlines in the world to offer most comfortable economy class seats. According to a report by www.airlinequality.com Arik Air is among ten airlines...

    • Posted June 2, 2015
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  • Pressure mounts on Buhari to revisit fuel subsidy probe, oil blocks allocations

    President  Muhammadu Buhari has been under intense pressure from oil and gas industry stakeholders to reopen all cases relating to fuel subsidy fraud with a view to prosecuting all those indicted. The stakeholders said this has become...

    • Posted June 2, 2015
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  • IPMAN consults JP Morgan, KPMG on N600bn refineries

    The Independent Petroleum Marketers Association of Nigeria is in talks with JP Morgan and KPMG with respect to its plans to build two refineries in Nigeria worth $3bn (about N600bn at N200 per dollar). This is coming...

    • Posted June 2, 2015
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  • ICAO begins security audit of Nigeria’s aviation industry

    A team of International Civil Aviation Organisation (ICAO) auditors arrived Nigeria at the weekend to begin the security audit of the nation airports on what is known as ICAO Universal Security Audit Programme. The team landed at...

    • Posted June 2, 2015
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  • President Buhari urged to stop privatisation of NigComSat

    A former Managing Director of the Nigerian Communications Satellite Limited, Mr. Timasaniyu Ahmed-Rufai, has asked the President Mohammadu Buhari-led administration to discontinue the plan by the federal government to privatise the company. In a statement made available...

    • Posted June 2, 2015
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