All posts by BusinessNews Staff

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  FG to revoke private jet owners’ certificates

  The Federal Government on Tuesday approved the revocation of the licences of private jet owners who used their aircraft for commercial purposes, thereby contravening the private operations certificates issued to them by the Nigerian Civil Aviation Authority....

  • Posted February 19, 2015
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  FG relaxes condition for N220bn MSME fund

  The Federal Government has slashed the collateral requirement introduced by the Central Bank of Nigeria for banks to access the N220bn intervention fund for the Micro, Small and Medium Enterprises sector from 75 per cent to 50...

  • Posted February 19, 2015
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  Ministry blames poor power supply on vandalism

  The Federal Ministry of Power on Tuesday expressed optimism that electricity generation in the country would hit 6,000 megawatts this year if the growing cases of vandalism were effectively addressed by relevant security agencies. The Permanent Secretary...

  • Posted February 19, 2015
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  Power generation to attain 6,000 megawatts in 2015

  The Ministry of Power on Tuesday disclosed that all things being equal, power generation this year will rise to 6,000 megawatts. Making this disclosure during the ministry’s defence of its 2015 budget before the Senate Committee on...

  • Posted February 19, 2015
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  CBN closes RDAS, WDAS foreign exchange window

  The Central Bank of Nigeria (CBN) on Wednesday closed the Retail Dutch Auction System (RDAS) and Wholesale Dutch Auction System (WDAS) Foreign Exchange window to help stabilise the nation’s currency. This is contained in a statement signed...

  • Posted February 18, 2015
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  NSE restates prohibition of naked securities selling

  The Nigerian Stock Exchange (NSE) has restated the prohibition of naked short selling of  securities in the Nigerian  capital market. Naked short selling of securities is a practice of selling securities which the seller does not own...

  • Posted February 18, 2015
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  Barclays seeks Investment Banking licence in Nigeria

  Barclays Africa Group Limited’s corporate and investment banking unit has approached the Central Bank of Nigeria (CBN) for approval to convert its representative office in Lagos to a full-fledged banking business. The bank has been increasing its...

  • Posted February 18, 2015
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  Nigeria faces removal from JP Morgan bond index

  The likelihood of Nigeria being removed from the JP Morgan Emerging Market Bond Index has increased as liquidity concerns in the nation’s foreign exchange market linger. The plunge in global oil prices since June 2014 has put...

  • Posted February 18, 2015
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  Market records first gain after 7 days of losses

  The Nigerian equities market recorded its first appreciation in eight trading sessions on Monday after depreciating to a two-year low last week. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 0.52 per cent to close...

  • Posted February 18, 2015
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  FirstBank attains Business Continuity Management Recertification

  FirstBank of Nigeria Limited on Monday announced that it has achieved the recertification of the international Business Continuity Management – ISO22301 (Societal Security: Business Continuity Management System). The feat, the bank explained in a statement accentuates its...

  • Posted February 18, 2015
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