All posts by BusinessNews Staff

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  NSE, MSCI sign agreement on market indices

  MSCI Incorporated, a leading provider of investment decision support tools worldwide, and the Nigerian Stock Exchange have signed a “strategic co-operation agreement to develop and market a co-branded family of indexes” for the Nigerian equity market.” Based...

  • Posted March 26, 2015
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  Government to punish firms with fake EIAs

  Local and international firms parading Environmental Impact Assessment certificates that are not duly issued by the Federal Government risk severe sanctions. According to the government, it is the duty of the Federal Ministry of Environment to issue...

  • Posted March 26, 2015
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  CBN, IFC to launch collateral registry in June

  The International Finance Corporation and the Central Bank of Nigeria are collaborating to launch National Collateral Registry in June, the Project Manager, IFC, Mr. Ubong Awah, has said. He stated this at a three-day workshop on the...

  • Posted March 26, 2015
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  GIABA seeks collaboration against money laundering, terrorism financing

  The Inter-governmental Action Group against Money Laundering in West Africa (GIABA) has called for increased collaboration against money laundering in the region. Director General, GIABA, Mr. Adamu Coulibaly made this call in an address presented at a...

  • Posted March 26, 2015
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  Nigerians generate 2,500MW from diesel, petrol, kerosene – NNPC

  Nigerian households and businesses generate 2,500 megawatts of electricity from petrol, kerosene and Automotive Gas Oil (AGO, popularly known as diesel), according to an analysis by the Nigerian National Petroleum Corporation (NNPC). Speaking at a special session...

  • Posted March 25, 2015
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  Julius Berger mulls partnership with power sector investors

  Construction giant, Julius Berger, has said it is considering potential partnerships with credible investors willing to invest in the upgrade of Nigeria’s electricity supply systems. Julius Berger, like General Electric (GE), which has staked claims in Nigeria’s...

  • Posted March 25, 2015
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  Electricity tariff reduction not political – NERC

  Against the backdrop of criticisms that the recent removal of distribution losses from electricity tariffs and the subsequent reduction of the amount payable by consumers was a political move, the Nigerian Electricity Regulatory Commission has said the...

  • Posted March 25, 2015
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  Nigeria, Kenya, Uganda, South Africa top TEF’s $100m Entrepreneurship Programme

  The Tony Elumelu Foundation (TEF) on Monday announced its first 1,000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP). The top five countries in terms of the number of winners in the $100 million entrepreneurship programme...

  • Posted March 25, 2015
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  CAR: CBN extends deadline for systemically important banks

  The Central Bank of Nigeria (CBN) has extended the deadline for the implementation of higher capital adequacy ratio (CAR) requirements for systemically important banks (SIBs), THISDAY learnt on Monday. THISDAY also gathered that the banking sector regulator...

  • Posted March 25, 2015
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  Bank lending to economy hits N17.2tn

  Aggregrate banking system credit to the domestic economy rose by 7.1 per cent to N17.2tn in January, the Central Bank of Nigeria’s latest monthly economic report released on Monday indicated. This was in contrast to the growth...

  • Posted March 25, 2015
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