All posts by BusinessNews Staff

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  Contributory pension fund grows to N4.7tn

  Nigerian workers have saved more than N4.7tn under the Contributory Pension Scheme, the Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, has said. Dikki said this when a delegation led by the Ambassador of the European Union...

  • Posted March 14, 2015
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  Investment inflow into Nigeria drops to $20.75bn – NBS

  The National Bureau of Statistics on Thursday released the capita importation report for the 2014 fiscal year. It stated that the amount of capital brought into the country dropped by $576.61m or 2.66 per cent from $21.31bn...

  • Posted March 14, 2015
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  Aviation Minister pledges completion of on-going airport projects

  Again, the Minister of Aviation, Osita Chidoka has said the on-going remodelling projects at 22 airports in Nigeria were not abandoned. He said, the pace of work has slowed down due to paucity of funds because contractors...

  • Posted March 14, 2015
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  NNPC renews pipelines protection contracts for communities

  The Nigerian National Petroleum Corporation (NNPC) has renewed its contract with communities to protect its long stretch of pipelines across the country. It said on Wednesday in a statement that the renewal became necessary as it seeks...

  • Posted March 13, 2015
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  House of the Week: A beautiful 4-bedroom detached house in Gwarimpa, Abuja

  Our house of the week is a 4 bedroom detached house for sale at Blue Fountain Estate, Gwarimpa, Abuja. This house is newly built and exquisitely finished, and it features 4 bedrooms, 4 bathrooms, 2 lounges, 1...

  • Posted March 13, 2015
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  Analysts predict higher inflation figure for February

  The consumer price index (CPI), the basket used in gauging inflation in Nigeria, will rise to 8.3 per cent in February 2015, higher than the 8.2 per cent recorded in January, analysts at FSDH Merchant Bank Limited...

  • Posted March 13, 2015
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  Nigeria’s merchandise trade rises to N24.43tn – NBS

  The National Bureau of Statistics on Wednesday released the nation’s foreign trade statistics for 2014 with merchandise trade rising by N3.17tn or 14.9 per cent from N21.26tn in 2013 to N24.43tn at the end of last year....

  • Posted March 13, 2015
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  CBN releases conditions for accessing electricity stabilisation fund

  In order to ensure transparency in the implementation and execution of the Central Bank of Nigeria’s Nigeria Electricity Market Stabilisation Facility (CBN-NEMSF), the banking sector regulator has unveiled the terms and conditions for the facility. The N213...

  • Posted March 13, 2015
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  FG expresses confidence on success of Great Green Wall Project

  The federal government has expressed confidence on the success and potentials of the Great Green Wall Project (GGWP) in transforming environmental degradation across the Sahel. The Minister of Environment, Mrs. Laurentia Mallam, made this known while commending...

  • Posted March 13, 2015
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  Embedded power: 40 firms to supply Lagos 300MW

  A total of 300 megawatts of electricity is being expected from over 40 embedded power generation licences under the Eko Electricity Distribution Company in two to three years’ time. Holders of these licences, according to a report...

  • Posted March 13, 2015
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