All posts by BusinessNews Staff

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  Experts say naira devaluation imminent

  Although the Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has ruled out the possibility of an emergency Monetary Policy Committee meeting that will lead to a further devaluation of the naira against the dollar, economic and...

  • Posted February 17, 2015
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  Banks must creatively distribute risks – Hennah

  Mr. David Hennah is the Head of Trade and Supply Chain Finance at the United Kingdom-based Misys Limited, a global financial services software producer. He tells OYETUNJI ABIOYE about the growing challenge of risks distribution facing Nigerian...

  • Posted February 17, 2015
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  FG targets fresh N255bn investment in textile industry

  The Federal Government is targeting cumulative investments of N255bn over the next five years through the implementation of the National Cotton, Textile and Garment Policy. The figure is contained in the policy document for the sector prepared...

  • Posted February 17, 2015
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  Power: Minister, TCN board clash over Manitoba

  The Federal Government’s power sector reforms has come under pressure following a row between the Minister of Power, Prof. Chinedu Nebo, and the Board of the Transmission Company of Nigeria, led by a former Executive Director of...

  • Posted February 17, 2015
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  NAICOM to tighten regulatory oversight on foreign investors

  Deputy Commissioner (Finance and Administration), National Insurance Commission (NAICOM), Mr. George Onekhena, has said the commission would strengthen its regulatory oversight to ensure that foreign insurance companies operating in the country do not take undue advantage of...

  • Posted February 17, 2015
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  Electricity consumers groan despite NERC’s tariff holiday

  Electricity consumers in some areas of Lagos and Ogun states have described as deceitful the Nigerian Electricity Regulatory Commission’s claim that it has frozen tariffs for residential consumers for six months. The consumers made these complaints amidst...

  • Posted February 16, 2015
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  Weak naira, fraud shoot up diesel price

  The continued fall in value of the naira against the United States dollar and alleged racketeering by some petroleum product marketers are responsible for the high cost of diesel despite the global drop in crude oil prices,...

  • Posted February 16, 2015
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  Modest food-price disinflation recorded in January – Report

  Despite the pressure being exerted on the Nigerian economy by the twin- challenges of preparation for next month elections and the disruptions to agricultural production as a result of the activities of Boko Haram in the North-east,...

  • Posted February 16, 2015
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  Nigerian content: Egina attracts $1bn investment – Nwapa

  Over $1billion has been invested in the Nigerian oil and gas industry to create capacity and execute Nigerian Content scopes provided on the Egina deep water project, the Executive Secretary of the Nigerian Content Development and Monitoring...

  • Posted February 16, 2015
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  Oil asset sales to rise amid price slump

  The Nigerian oil and gas industry is expected to see more asset sales by International Oil Companies and smaller firms this year as the steep fall in prices continues to take a toll on revenue. IOCs including...

  • Posted February 15, 2015
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