All posts by BusinessNews Staff

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  APBN seeks improved business environment from Buhari

  The Association of Professional Bodies of Nigeria has called on the incoming administration of Maj.-Gen. Muhammadu Buhari to create a comfortable business environment that will support the industrialisation of the economy. The body also expressed its desire...

  • Posted April 11, 2015
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  Stanbic IBTC secures $90m credit line from FMO

  Stanbic IBTC Bank said it has secured a $90 million line of credit facility from the FMO (NederlandseFinancierings- Maatschappijvoor Ontwikkelingslanden N.V). A statement from the bank yesterday explained that the purpose of the facility, consummated recently, was...

  • Posted April 11, 2015
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  Property of the Week: An ultra-modern plaza at Jabi, Abuja

  Our featured property of the week is a newly built, tastefully finished plaza for sale at Jabi, Abuja. This imposing edifice has six floors with a total floor area of 3,700 square metres.  It has multiple rest...

  • Posted April 10, 2015
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  Power: NERC cedes right of tariff determination to consumers, Discos

  The Nigerian Electricity Regulatory Commission (NERC) has disclosed that it is ceding part of its regulatory responsibilities with regards to transparent determination of appropriate tariff payable by consumers in Nigeria’s electricity industry to both consumers and distribution...

  • Posted April 10, 2015
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  FBN Holdings posts N83bn profit, gives dividend, bonus

  FBN Holdings Plc has recorded profit after tax of N82.8 billion for the year ended December 31, 2014, showing an increase of 17.3 per cent above N70.6 billion recorded in 2013. Based on the performance, the directors...

  • Posted April 10, 2015
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  Sahara optimistic about production from OPL 274

  Sahara Group’s upstream company has said it is making good progress with its activities in OPL 274 where it has a 100 per cent working interest, even as the company continues to press towards optimising opportunities in...

  • Posted April 10, 2015
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  Axa says Nigeria election process a boost to African economy

  Axa SA, the largest foreign insurer active in Nigeria, sees the peaceful manner in which the country is handling its first transition in political power in decades as supporting economic growth in the country and beyond, Bloomberg...

  • Posted April 10, 2015
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  FG told to solve electricity theft to save power sector from collapse

  The federal government has been advised deal with electricity theft in the country in order to save the power sector from total collapse. Chief Technology Officer (CTO) of Computer Warehouse Group (CWG), Mr. James Agada, who gave...

  • Posted April 10, 2015
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  8,000 ex-PHCN workers worry over severance benefits

  There is palpable fear among 8,000 workers of the defunct Power Holding Company of Nigeria over the non-payment of their severance benefits by the Federal Government, 16 months after the power firm was unbundled and privatised. Our...

  • Posted April 10, 2015
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  Fitch downgrades Lagos outlook to negative

  Global rating agency, Fitch Ratings, says it has downgraded the outlook of Lagos State’s long-term foreign currency issuer default rating to negative from stable. The decision, the credit rating agency said, followed the recent downgrade of Nigeria’s...

  • Posted April 10, 2015
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