All posts by BusinessNews Staff

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  Electricity, gas prices push inflation to 8.2%

  The National Bureau of Statistics on Monday released the Consumer Price Index for January, stating that increase in the prices of non-food items such as electricity, gas and other fuels had pushed inflation up by 8.2 per...

  • Posted February 18, 2015
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  FG to sell Nigerian Communications Satellite – BPE

  The Federal Government says it has decided to sell the Nigerian Communications Satellite Limited in order to inject the entrepreneurial spirit into the running of the company, the Director-General of the Bureau of Public Enterprises, Mr. Benjamin...

  • Posted February 18, 2015
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  NAICOM to bar insurance CEOs from foreign trips

  The National Insurance Commission has said it will ban chief executive officers of insurance firms who fail to submit their companies’ 2014 financial accounts at end of the deadline given to them to do so from embarking...

  • Posted February 18, 2015
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  LCCI, ETMB say microfinance banks will lift SMEs

  The Lagos Chamber of Commerce and Industry and the newly licensed Empire Trust Microfinance Bank have highlighted the role of microfinance banks in enhancing access to finance for the Small and Medium Enterprises. The President, LCCI President,...

  • Posted February 18, 2015
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  Higher food prices push inflation to 8.2%

  The Consumer Price Index (CPI), which measures inflation, rose to 8.2 percent in January compared to eight per cent the previous month, according to the National Bureau of Statistics (NBS). The NBS attributed the 0.2 percentage rise...

  • Posted February 18, 2015
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  Crude oil prices rise for third successive week

  Crude oil prices at the weekend continued to climb for the third week in a row, with Light Brent crude, which had not settled above $60 since December 24, rising by $2.24 or 3.8 per cent to...

  • Posted February 17, 2015
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  Postponement of 2015 elections threatens passage of PIB

  The recent postponement of the 2015 general elections by the Independent National Electric Commission (INEC) is threatening the passage of the Petroleum Industry Bill (PIB) by the National Assembly, THISDAY has learnt. After weeks of allegation, and...

  • Posted February 17, 2015
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  Economic challenges, a wake-up call – Dangote

  The President, Dangote Group, Aliko Dangote, has urged Nigerians to see the current economic challenges as a wake-up call to build the nation through productive activities. The business mogul said although the economic downturn was ravaging most...

  • Posted February 17, 2015
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  NERC separates Zuma’s licence for 1200MW coal power plant into four

  For ease of construction, the Nigerian Electricity Regulatory Commission (NERC) has amended and separated into four different parts the statutory licence earlier granted to Zuma Energy Nigeria Ltd for the construction of a 1200 megawatts (MW) coal...

  • Posted February 17, 2015
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  NNPC Audit Report: Apologise to Jonathan, Alison-Madueke – Group urges Sanusi, others

  Following the submission of its audit report on the Nigeria National Petroleum Corporation (NNPC) by PriceWaterhouseCoopers, which indicated that only $1.48b was yet to be remitted to the federation account as against $49b mentioned as missing, a...

  • Posted February 17, 2015
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