All posts by BusinessNews Staff

• 
  MAN condemns electricity tariff increase

  The Chairperson, Abuja Council of the Manufacturers Association of Nigeria, Dr. Wosilat Shittu, has condemned the withdrawal of the Multi Year Tariff Order by the Nigerian Electricity Regulatory Commission. This, she said, would have adverse effect on...

  • Posted March 10, 2015
  • 0
• 
  N330bn mobile money revenue target under threat

  A global management consulting firm, the Boston Consulting Group, has projected that Nigeria stands to generate $1.5bn (about N330bn) from mobile money services by 2019. But financial experts say the heartwarming projection may remain a dream unless...

  • Posted March 10, 2015
  • 0
• 
  Brokers must comply with IFRS — NAICOM

  The National Insurance Commission has said that it will ensure the insurance brokers comply with the International Financial Reporting Standard which is the acceptable means of accounting in the sector. The Director, Supervision, NAICOM, Mr. Opara Onwusereaka,...

  • Posted March 10, 2015
  • 0
• 
  LASACO merges two business units

  LASACO Assurance Plc said it had returned to a composite structure having merged its life operations with the general unit, effective from 2015 financial year. A statement obtained from the firm on Sunday said this strategic move...

  • Posted March 10, 2015
  • 0
• 
  FG policies attract N800bn to Nigeria’s agric sector

  Fovourable  policies by the federal government have attracted private-sector investment to the tune of N800 billion to Nigeria’s budding agricultural sector since 2012, THISDAY findings have revealed. The Investments, investigations revealed, were mostly in areas such as...

  • Posted March 10, 2015
  • 0
• 
  10 brokers responsible for 73% of transactions on NSE in February

  As a clearer picture of transactions on the Nigerian Stock Exchange (NSE) for the month of February emerges, it has been established that 10 leading stock-broking firms were responsible for 72.51 per cent of total transactions on...

  • Posted March 9, 2015
  • 0
• 
  Telephone penetration in Nigeria has hit 100% mark – NCC

  The Nigerian tele-density, also known as telephone penetration, has finally hit a 100 per cent mark, the News Agency of Nigeria reports. This information was contained in the Nigerian Communications Commission Monthly Subscriber Data, made available to...

  • Posted March 9, 2015
  • 0
• 
  Seized crude, petroleum products litter Nigeria’s waterways

  The country’s waterways are currently littered with crude oil and petroleum products seized from oil thieves. This situation, according to findings by our correspondent, has persisted because Nigeria lacks the capacity to handle the problem. And worried...

  • Posted March 9, 2015
  • 0
• 
  PenCom transfers N8.81bn NSITF contribution to PFAs

  The National Pension Commission has transferred the sum of N8.81bn contributed by workers under the National Social Insurance Trust Fund to their respective Pension Fund Administrators. A report obtained by our correspondent on Friday said the money...

  • Posted March 9, 2015
  • 0
• 
  Electricity tariff in Nigeria is quite low – Leynes

  The pioneer Managing Director of Ibadan Electricity Distribution Company (IBEDC), Mr. Fortunato Leynes, exited the company after 18 months. In this interview with Kunle Aderinokun, he speaks on the challenges in the power sector and his experience...

  • Posted March 9, 2015
  • 0