All posts by BusinessNews Staff

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  Power supply drops to 2,869MW

  Power supply from the national grid to households and businesses in the country slumped to 2,869.84 megawatts on Tuesday, exactly a month after it fell to 2,502.39MW. Power generation tumbled to 2,936.83MW on February 10, while peak...

  • Posted February 13, 2015
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  Nigerian engineers to repair refineries for N99bn – NNPC

  The Nigerian National Petroleum Corporation on Wednesday said it had engaged the services of in-house engineers to rehabilitate the country’s three ailing refineries at a cost of $550m (N99bn), down from the $1.6bn (N288bn) presented to it...

  • Posted February 13, 2015
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  FEC approves eight bills for transport sector

  The Federal Executive Council presided over by President Goodluck Jonathan on Wednesday approved eight new bills for the nation’s transport sector. The council also ratified the National Policy on Staple Crops’ Processing Zones and the National Agency...

  • Posted February 13, 2015
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  CIBN, Accion MfB collaborate for growth

  The Chartered Institute of Bankers of Nigeria and Accion Microfinance Bank will collaborate to boost capacity building and enhance growth in the MfB sub-sector and the economy in general, the President and Chairman of Council, CIBN, Mrs....

  • Posted February 13, 2015
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  Private sector, Military urged to take advantage of NIGCOMSAT

  Minister of Communication Technology, Mrs. Omobola Johnson, former Minister of Science Technology, Prof. Turner Isoun and the Chairman, House of Representatives Committee on Information Communication and Technology (ICT), Ibrahim Gusau, have  called on the organised private sector,...

  • Posted February 13, 2015
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  Toyin Dawodu: Western countries rob Africa of $60billion every single year

  No one wants to talk about it and no one will admit to it. But the continent that is richest in natural resources has the poorest inhabitants in the world. Why is that? Global news would have...

  • Posted February 12, 2015
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  NSE remains worst performer in Africa as investor apathy persists

  The performance of the Nigerian Stock Exchange (NSE) remained the worst among leading African exchanges  as investors delay their return to the  Nigerian market. The NSE All-Share Index had recorded one of worst performances in the world...

  • Posted February 12, 2015
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  Index declines further as market extends losses

  The Nigerian equities market extended its losses for the second day this week as investors continued to adopt cautions trading following the shift of general elections by six weeks. The market had dipped the previous day after...

  • Posted February 12, 2015
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  Banks step up biometric registration of customers

  Deposit Money Banks under the aegis of the Bankers’ Committee have stepped up the biometric registration of customers across the country in an effort to reduce the rising cases of banking-related frauds in the country. The biometric...

  • Posted February 12, 2015
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  SEC to institute corporate governance scorecard for quoted companies

  The acting Director General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo on Tuesday said a corporate governance scorecard would soon be launched to strengthen the performance of companies operating in the nation’s capital market....

  • Posted February 12, 2015
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