All posts by BusinessNews Staff

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  SEC suspends BGL board, constitutes interim body

  The Securities and Exchange Commission has intervened in the operations of BGL Plc, a member of the Nigerian Stock Exchange by suspending its board and appointing an interim management for the group. Our correspondent gathered on Sunday...

  • Posted April 21, 2015
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  Dangote Sugar gets SON food safety certification

  Dangote Sugar Refinery says it has been certified by the Standards Organisation of Nigeria as a food safety compliant company. According to a statement by the management of the refinery on Sunday, the NIS ISO 22000:2005 Food...

  • Posted April 21, 2015
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  Premium Pension introduces mobile application

  Premium Pension Limited has introduced a mobile application known as the Premium Pension Mobile to facilitate its operations and enhance customer service and interaction. According to a statement obtained from the Head, Corporate Communication of the firm,...

  • Posted April 21, 2015
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  CBN directs banks to end rendition on Microcredit Fund

  Five years after the operation of the Central Bank of Nigeria’s Micro credit Fund was discontinued, the apex bank said some banks were still making rendition of their returns on the scheme to the CBN. Consequently, the...

  • Posted April 20, 2015
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  Nigeria yet to endorse new global initiative to end gas flaring by 2030

  Chief executives from major oil companies and senior government officials from several oil-producing countries met in the United States of America at the weekend and demonstrated a commitment to end the practice of routine gas flaring at...

  • Posted April 20, 2015
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  IMF lauds Nigeria’s response to declining oil prices

  The International Monetary Fund (IMF) has applauded Nigeria’s response to the declining prices of oil just as African finance ministers expressed concern that the slow growth of the Chinese economy will impact negatively on many African countries....

  • Posted April 20, 2015
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  PFAs invest N172.4bn in state securities

  A total of N172.4bn was invested in state securities under the Contributory Pension Scheme in the 2014 financial period. Figures obtained from the National Pension Commission on Friday, which confirmed this, also showed that the total assets...

  • Posted April 20, 2015
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  Nigeria may miss digital broadcasting deadline

  There are indications that Nigeria may miss the deadline set by the International Telecommunications Union to switch over from analogue to digital broadcasting. The Chairman, Broadcasting Organisation of Nigeria and Director -General, Nigerian Television Authority, Mr. Sola...

  • Posted April 20, 2015
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  CBN to revoke unused mobile money licences

  Indications emerged on Friday that the Central Bank of Nigeria had commenced the process of revoking licences of dormant mobile money operators. Saturday PUNCH learnt that the regulator took the decision due to the urgent need to...

  • Posted April 19, 2015
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  Power: FG loses N1.5bn annually to vandalism

  The Federal Government on Friday said about N120m monthly, totalling N1.5bn annually, was being spent to repair power and gas lines destroyed by vandals across the country. It also said that despite the increasing vandalism, the outgoing...

  • Posted April 19, 2015
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