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All posts by BusinessNews Staff

  • Institute advises Buhari to cut cost of doing business in Nigeria

    The Institute of Credit Administration (ICA) has advised the president-elect, Major General Muhammed Buhari to ensure that his government drastically cut the cost of doing business in Nigeria when he assumes office. The institute, in a statement...

    • Posted April 4, 2015
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  • Stock market returns positive as confidence surges

    The gains in the Nigerian Stock market over the last two sessions have helped the Nigerian Stock Exchange All-Share Index and market captialisation to erase the losses made this year. Spurred by the successful completion of the...

    • Posted April 4, 2015
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  • Flight charter services in Nigeria worth over $3billion

    Flight charter service sub-sector in the  Nigerian aviation industry , simply known as business aviation, is estimated to be worth about $3 billion. At the estimated revenue of over $3 billion annually, the sub-sector is rapidly on...

    • Posted April 4, 2015
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  • 36 ships laden with goods land at Lagos Ports

    About 36 ships loaded with various products are expected to berth at the nation’s seaports situated in Lagos, the Nigerian Ports Authority (NPA) has said. The NPA made this known through its daily publication, the ‘Shipping Position,’...

    • Posted April 4, 2015
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  • Oando to spend N26bn on oil assets

    Oando Energy Resources, a wholly-owned subsidiary of Oando Plc focused on oil and gas exploration and production in Nigeria, has disclosed that it has budgeted $135.1m (N26bn) in capital expenditures for crude oil and gas projects this...

    • Posted April 4, 2015
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  • Cross River Assembly slashes 2015 budget by 14.8%

    The Cross River State House of Assembly on Thursday passed the 2015 budget of N127.85bn into law. The figure represents a slash of 14.8 per cent of the original estimates of N149.44bn presented to the House by...

    • Posted April 4, 2015
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  • Government agencies killing local industries – Manufacturers lament

    Some manufacturers have accused regulatory authorities in Nigeria of killing the local industry. They say the authorities are daily discouraging local manufacturers through practices that have sent most of them out of business. At a recent interactive...

    • Posted April 4, 2015
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  • NIMET warns pilots of reduced visibility

    The Nigerian Meteorological Agency on Thursday announced that dust particles would reduce visibility in the atmosphere in some parts of the country in the coming days. It stated that this might not lead to severe flight disruptions...

    • Posted April 4, 2015
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  • Equatorial Guinea ratifies new ExxonMobil exploration agreement

    The Ministry of Mines, Industry and Energy of Equatorial Guinea has announced the ratification of Production Sharing Contract (PSC) for ExxonMobil’s oil block EG-06 by the government of Equatorial Guinea. Block EG-06 is located offshore Bioko Island,...

    • Posted April 4, 2015
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  • Number portability: 234,880 subscribers swap networks in 21 months

    A total of 234, 880 telecoms subscribers ported to various networks since the introduction of Mobile Number Portability on the Global System for Mobile Communications (GSM) network on April 22, 2013. According to the statistics   recently released...

    • Posted April 3, 2015
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