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All posts by BusinessNews Staff

  • We can’t access govenment loans — SME operators

    Two years after the establishment of the N220bn Micro Small and Medium Enterprises Development Fund by the Central Bank of Nigeria, some operators of SMEs in Lagos State have claimed they haven’t been able to access the...

    • Posted February 14, 2015
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  • Nigerian Breweries inaugurates N18bn Aba Brewery

    The Nigerian Breweries Plc has inaugurated the expanded Aba Brewery in Aba, Abia State. The expansion gulped N18bn. Present at the ceremony were the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, who represented President Goodluck...

    • Posted February 14, 2015
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  • Telephony: Government to connect 1.6 million rural dwellers

    The Federal Government has set out four to six weeks for the completion of 158 new Base Transceiver Station sites in rural areas across the country. Our correspondent gathered on Thursday that the BTS, when completed, would...

    • Posted February 14, 2015
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  • Stockbrokers plan MoU with accountants, lawyers

    The Chartered Institute of Stockbrokers (CIS) will soon sign a memorandum of Understanding (MoU) with the Institute of Chartered Accounts of Nigeria (ICAN) and Nigerian Bar Association (NBA) as part of CIS’ efforts to further deepen its...

    • Posted February 14, 2015
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  • House of the Week: A beautiful 5-bedroom house in Lugbe, Abuja

    This week, our featured house is a 5 bedroom house located at Lugbe, Abuja. This house has 5 bedrooms, 5 bathrooms and 3 lounges . The interior features POP ceilings, chandeliers, vitrified floor/wall tiles and other fittings....

    • Posted February 13, 2015
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  • PwCAudit: NNPC to remit $1.48bn after reconciliation with DPR

    The Nigerian National Petroleum Corporation (NNPC) yesterday said it would remit an outstanding $1.48 billion balance of signature bonus from divested assets to its exploration and production arm, the Nigeria Petroleum Development Company (NPDC) as soon as...

    • Posted February 13, 2015
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  • Ajumogobia identifies challenges in Nigeria’s oil and gas sector

    A former Minister of Petroleum Resources, Mr. Odein Ajumogobia has identified the challenges facing the Nigeria’s oil and gas sector, saying that the industry has witnessed dwindling fortunes, especially since 2004, when oil industry workers and facilities...

    • Posted February 13, 2015
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  • Further devaluation of naira inevitable – Rewane

    Renowned financial expert and Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has predicted that the naira will be further devalued. He, however, stated that the additional round of devaluation of the national currency, which is...

    • Posted February 13, 2015
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  • NAICOM aligns with global regulatory changes

    The National Insurance Commission (NAICOM) has said it has commenced actions to address identified gaps in  Nigerian insurance industry in  critical areas  such as solvency framework, accounting and auditing practices. Others are viability of insurance companies, enforcement...

    • Posted February 13, 2015
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  • Experts highlight importance of PR to non-oil sector

    The Nigerian Institute of Public Relations (NIPR) has described the practice of public relations as a veritable tool to promote the country’s non-oil sector. The Institute stated this at its Annual General Meeting (AGM) held at the...

    • Posted February 13, 2015
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