All posts by BusinessNews Staff

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  NLNG sets aside N199bn for local vendors

  The Nigeria Liquefied Natural Gas Limited has set aside $1bn (N199bn) under the NLNG Local Vendors’ Financing scheme for its registered vendors in the country. This, the firm said, would help facilitate access to funds from participating...

  • Posted April 24, 2015
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  Reduce charges on bank deposits – LCCI urges CBN

  The Lagos Chamber of Commerce and Industry has called on the Central Bank of Nigeria to reduce charges on bank deposits, especially the 0.5 per cent fee payable to the Nigeria Deposit Insurance Corporation and another 0.5...

  • Posted April 24, 2015
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  CardExpo 2015 to discuss E-Payment growth potential

  Intermarc Consulting Limited, organisers of the annual CardExpo conference and exhibition,  has said arrangements have been concluded to host the 2015 edition of CardExpo in Lagos, with a focus on electronic payment, the assumption that underlines growth...

  • Posted April 24, 2015
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  Credit to private sector rises to N18.639tn

  Banking sector credit to the private sector increased year-on-year by 2.5 per cent or N461 billion to N18.638 trillion at the end of February 2015, compared with the N18.178 trillion it stood at the end of January...

  • Posted April 23, 2015
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  Group reveals increased inflow of foreign portfolio investments in Nigeria

  The Association of Assets Custodians of Nigeria (AACN) has said that the country has recorded an increase in the volume of foreign portfolio INVESTMENTS (FPIs) in the past few weeks. President of AACN, Mrs.  Kemi Adewole stated...

  • Posted April 23, 2015
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  Lagos IPP reduces energy cost by 40% — Fashola

  Lagos State Governor, Mr. Babatunde Fashola, has said that the state’s Independent Power Plants, has reduced the government’s energy cost by 40 per cent. Fashola spoke on Tuesday at the opening ceremony of the three-day 7th Lagos...

  • Posted April 23, 2015
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  Nigerian economy generated 369,485 jobs in fourth quarter of 2014

  The Nigerian economy added a total of 369,485 new jobs in the fourth quarter of 2014 (Q4, 2014), according to the National Bureau of Statistics (NBS). According to the latest job creation statistics released on Tuesday, the...

  • Posted April 23, 2015
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  Operators push for Gwarzo’s confirmation as DG of SEC

  Strong indications emerged on Tuesday  that the CAPITAL MARKET community has made a recommendation to President Goodluck Jonathan to appoint the acting Director General (DG) of the Securities and Exchange COMMISSION (SEC), Mr. Mounir Gwarzo, as the...

  • Posted April 23, 2015
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  Power: NERC seeks review of gas supply agreements

  For electricity supply to stabilise considerably across the country, the supply of gas to power generation plants must be reviewed and separated from the Nigerian National Petroleum Corporation by the in-coming government of Maj.-Gen. Muhammad Buhari, the...

  • Posted April 23, 2015
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  PENGASSAN advises government on job creation

  The Petroleum and Natural Gas Senior Staff Association of Nigeria has asked the government to create an enabling environment and opportunities for gainful employment to encourage Nigerians to remain in the country. In reaction to the xenophobic...

  • Posted April 23, 2015
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