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All posts by BusinessNews Staff

  • Court strikes out suit against DStv

    A Federal High Court in Lagos yesterday struck out a suit filed by some aggrieved subscribers challenging the recent 20 per cent increment on subscription rate of the Digital Satellite Television (DStv), operated by MultiChoice Nigeria Limited....

    • Posted May 30, 2015
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  • Ex-minister urges new govt to ban rice imports

    The new government of President Muhammadu Buhari has been urged to stop the importation of rice as this will save the country billions of dollars annually. A former Minister of Commerce and Industry, Engr. Charles Ugwuh, stated...

    • Posted May 30, 2015
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  • Court stops NERC from increasing electricity tariff

    A Federal High Court in Lagos on Thursday restrained the Nigerian Electricity Regulatory Commission (NERC) from implementing the new electricity tariff billed to be effective from June 1. Trial judge, Justice Mohammed Idris, in a ruling on...

    • Posted May 30, 2015
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  • IPMAN indicts FG of ethical abuses in lingering leadership crisis

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday alleged that the federal government could be guilty of encouraging the internal leadership crisis that is presently rocking the association. A faction of IPMAN led by its...

    • Posted May 30, 2015
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  • May & Baker to pay N49m dividend

    May & Baker Nigeria Plc on Thursday received the approval of its shareholders to pay N49m dividend for the financial year ended December 31, 2014. The company got the approval of the shareholders to pay the dividend,...

    • Posted May 30, 2015
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  • Manufacturers worry about falling naira value

    The continued decline in the purchasing power of the naira has been a major concern for manufacturers nationwide. According to a statement from the Manufacturers Association of Nigeria on the implications of the current economic situation on...

    • Posted May 30, 2015
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  • LCCI hosts first Information Communication expo

    The Lagos Chamber of Commerce and Industry recently hosted the first edition of the Information Communication Technology and telecommunications expo. In his opening speech at the event, the President, Lagos Chamber of Commerce and Industry, Mr. Remi...

    • Posted May 30, 2015
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  • Power: Our last few days disastrous – Nebo

    The immediate past Minister of Power, Prof. Chinedu Nebo, has described as disastrous the power situation across the country, particularly toward the end of his tenure. Nebo, who profusely lamented the spate of vandalism of gas pipelines...

    • Posted May 30, 2015
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  • FBN advises students on savings, investment culture

    In line with the Central Bank of Nigeria (CBN’s) financial inclusion strategy, First Bank of Nigeria (FBN) Limited has urged students to inculcate the culture and habit of savings and investment to guarantee their economically sound future....

    • Posted May 30, 2015
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  • Fuel Scarcity: Frozen foods worth N10 million destroyed in Ijora

    Frozen food traders at the Ijora-Olopa area of Lagos on Wednesday said that they lost various food items worth N10 million between May 23 and May 25, following the lingering national energy crisis. According to the traders,...

    • Posted May 28, 2015
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