All posts by BusinessNews Staff

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  Taxpayer’s stake in Lloyds now below 20%

  The government’s stake in Lloyds Banking Group has now fallen below 20 per cent following the latest share sale. A further £500m was raised in the disposal, which meant the Treasury has now recouped more than half...

  • Posted May 14, 2015
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  CBN, banks, oil firm chiefs in crisis talks over forex

  The Central Bank of Nigeria (CBN) on Monday held talks with oil companies and bank CEOs, largely to address issues around the supply of forex to the market, BusinessDay has been told. A similar meeting was held...

  • Posted May 14, 2015
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  First Bank, Unified Payments in e-payment agreement

  First Bank of Nigeria Limited says it has partnered the Unified Payments to implement PayAttitude, a transaction innovation meant to boost e-payment system in Nigeria. A statement by First Bank said the development was part of its...

  • Posted May 14, 2015
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  Fidelity Bank raises N30bn to fund critical sectors

  Fidelity Bank Plc has concluded plans to raise N30bn additional capital from the capital market to finance critical sectors of the economy. The lender said the funds would be used to finance the Small and Medium Enterprises...

  • Posted May 14, 2015
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  Kenya Power receives $10m loan facility from UBA

  Kenya Power company has acquired a US$10 million loan facility from the United Bank of Africa (UBA) to upgrade its infrastructure to distribute 5,000 megawatts of electricity by 2017. A US$10 million loan facility from UBA will...

  • Posted May 14, 2015
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  BoI disburses N127bn loans to MSMEs

  The Bank of Industry says it has disbursed a total loan of N127bn to Medium, Small and Medium Enterprises in the country within the 2014 financial year. Through the disbursement of the loans to the enterprises, the...

  • Posted May 14, 2015
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  FRC crisis deepens as board members accuse executive secretary of distorting salary structure

  The last may not have been heard of disaffection among the board members of the Financial Reporting Council of Nigeria (FRC) as some of its members are accusing Jim Obazee, the executive secretary, of distorting the nominal...

  • Posted May 14, 2015
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  Govt should focus more on tax –NBS

  The Statistician-General of the Federation and Chief Executive Officer, National Bureau of Statistics, Dr. Yemi Kale, says the only sustainable source of revenue for any government that wants to develop is tax. Amid the declining oil revenue,...

  • Posted May 13, 2015
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  States risk insolvency as FAAC revenue drought worsens

  Things may be falling apart for Nigeria’s state governments as the revenue from the centre can no longer hold. This summarises the current financial status of many of the 36 federating units in Africa’s largest economy, due...

  • Posted May 13, 2015
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  Transcorp eyes coal to power business

  Transnational Corporation of Nigeria Plc (Transcorp) says it has entered into talks with some Canadian and Australian firms to begin investments in coal to power business and is hopeful to make progress on this project in coming...

  • Posted May 13, 2015
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