Don't Miss


All posts by BusinessNews Staff

  • Union Assurance gets $21.8m capital injection

    In a decisive and bold move to transform Union Assurance Company PLC into a formidable player in the Nigeria insurance industry, the company recently received additional capital injection of $21.8m (N3.7bn) from Greenoaks Global Holdings Limited. Greenoaks...

    • Posted April 19, 2015
    • 0
  • 27 auto makers interested in assembling in Nigeria

    More auto makers at the global level have indicated interest in assembling their vehicles in Nigeria, the Federal Government has said. The response from these internationally renowned auto makers is fallout of the National Automotive Policy, said...

    • Posted April 19, 2015
    • 1
  • Higher food prices drove inflation to 8.5% in March

    The Consumer Price Index (CPI), which measures inflation, for the second successive month rose to 8.5 per cent in March compared to 8.4 per cent in the previous month, according to the National Bureau of Statistics (NBS)....

    • Posted April 18, 2015
    • 0
  • FCMB assures shareholders higher returns

    The Managing Director of  FCMB Group Plc, Mr. Peter Obaseki has said through operational efficiency and value creation,the company will  ensure increased return on investment to all shareholders in 2015 financial year and beyond. He gave this...

    • Posted April 18, 2015
    • 0
  • Nigeria is not broke – Okonjo-Iweala

    The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said the country is not broke despite the cash crunch currently being experienced. She said that with the financial assets the President Goodluck Jonathan administration had been able to...

    • Posted April 18, 2015
    • 20
  • Nigeria-Indonesia trade volume hits $2.8bn

    The Indonesian Ambassador to Nigeria, Harry Purwanto has revealed that trade volume between Nigeria and Indonesia was between $2.6 and $2.8 billion in 2014. Purwanto told the News Agency of Nigeria (NAN) in Abuja that the bulk...

    • Posted April 18, 2015
    • 0
  • World Bank projects 60% growth in food demand in Nigeria, others

    Food demand in sub-Saharan Africa, including Nigeria, is projected to grow over the next 15 years by about 60 per cent, and 30 per cent in South Asia, a report just released by the World Bank Group...

    • Posted April 18, 2015
    • 0
  • Nigeria remains in credit risks – Fitch

    A global rating agency, Fitch Ratings, says the prospect of a smooth transfer of power in Nigeria has not removed the risks to the country’s sovereign credit. Fitch, in a statement on Thursday, said the planned change...

    • Posted April 18, 2015
    • 0
  • CBN to prosecute proprietors, others demanding foreign currencies

    The Central Bank of Nigeria says it will not hesitate to prosecute persons, including school managers, who demand and accept tuition in foreign currencies. A statement by the bank’s Director Corporate Communications, Ibrahim Mu’azu, noted that the...

    • Posted April 18, 2015
    • 0
  • Subsidy debt: Marketers may halt petrol importation

    Petroleum product marketers under the aegis of Major Oil Marketers Association of Nigeria have warned of a looming scarcity of fuel following the inability of the Federal Government to pay the subsidy arrears for the importation of...

    • Posted April 18, 2015
    • 0