All posts by BusinessNews Staff

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  Fidelity Bank set to boost ATM revenue

  Fidelity Bank Plc says it has made fresh investment in its Automated Teller Machine platforms as part of the efforts to improve on its service delivery. The bank said the investment in the upgrade of its ATMs...

  • Posted March 24, 2015
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  Income tax windfall boosts public finances

  A pick-up in income tax receipts for the second month in a row meant Government borrowing fell by more than expected in February. Official figures from the Office for National Statistics showed that public sector net borrowing...

  • Posted March 24, 2015
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  Banks to conclude Lekki seaport financing in September

  The financial arrangements for the Lekki Deep Seaport will be concluded in September, the promoter of the project, the Tolaram Group, has said. The Chairman of the group, Mr. Mohan Vaswani, said this in Lagos while receiving...

  • Posted March 24, 2015
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  NNPC mulls longer term crude sale contracts

  As part of its new business strategies to overcome extant disruptions in the international crude oil market especially with regards to hydro-fracking technology and loss of patronage from the United States, Nigeria could resort to longer term...

  • Posted March 24, 2015
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  FEC approved N1.43tn contracts in 2014

  The Federal Executive Council in 2014 approved a total of N1.43tn for various contracts in 12 government agencies. The amount is about N900m or 6.72 per cent higher than N1.35tn which the council approved in the 2013...

  • Posted March 23, 2015
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  Government releases N995m for agric insurance

  The Federal Government has released N995.2m ($5m) to the Nigerian Agricultural Insurance Corporation for the development agricultural insurance in the country. The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, disclosed this at the inauguration of...

  • Posted March 23, 2015
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  MPC: Falling oil prices, inflation, election spending to top agenda

  As the Central Bank of Nigeria (CBN) begins its 243rd Monetary Policy Committee (MPC) meeting tomorrow, some of the issues that will top the agenda include the sinking oil prices, marginal increase in the nation’s inflation figure...

  • Posted March 23, 2015
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  African mega projects surge 46% to $326billion in 2014

  INVESTMENT in African mega projects surged 46 per cent to US$326 billion last year led by heavy INVESTMENT in transport, energy and power, according to the third annual Deloitte African Construction Trends report, which monitors progress on...

  • Posted March 23, 2015
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  Nigeria has achieved 100 per cent teledensity – NCC

  The Executive Vice Chairman of the Nigeria Communication Commission (NCC), Dr Eugene Juwah, says that Nigeria has achieved a teledensity of 100 per cent as at January 2015. Juwah, who was represented by the NCC’s Director of...

  • Posted March 22, 2015
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  Bond yields to rise on election worries

  Nigerian bonds yields could rise next week on a possible sell off by some offshore investors due to uncertainty around the presidential elections on March 28, economic and financial analysts have said. The described the March 28...

  • Posted March 22, 2015
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