All posts by BusinessNews Staff

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  FG urges banks to support MSMEs

  The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga has advised deposit money banks to develop programmes that would support the growth of micro, small and medium scale (MSMEs) so as to stimulate economic growth. Aganga...

  • Posted February 12, 2015
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  Petrol subsidy now N14.79 per litre – PPPRA

  With the total cost of a litre of Premium Motor Spirit, otherwise known as petrol, put at N101.79 as of February 9, the subsidy on the product has increased to N14.79 per litre, according to data obtained...

  • Posted February 12, 2015
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  FG, states, LGs shared N7.75tn in 2014

  The Federation Accounts Allocation Committee shared a total sum of N7.75tn among the three tiers of government in the 2014 fiscal period. An analysis of the monthly distribution made available to our correspondent on Tuesday also showed...

  • Posted February 12, 2015
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  Naira slides to 200 against dollar

  These are not interesting times for the naira, which entered a free-fall mode on Monday following the postponement of the national elections by six weeks by the Independent National Electoral Commission on Saturday. The currency on Tuesday...

  • Posted February 12, 2015
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  Underwriters deny federal workers, policemen insurance cover

  The families of Federal Government workers and police officers who have lost their lives since the beginning of this year have been denied insurance cover by underwriting firms. Investigation revealed that the underwriters took the decision because...

  • Posted February 12, 2015
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  Jonathan launches Youth Entrepreneurship Online Portal

  President Goodluck Jonathan on Tuesday  launched the Youth Entrepreneurship Strategy (YES). He equally launched an online portal to serve as  a common platform for all of federal government’s diverse youth training entrepreneurship interventions. The portal – Nigeria...

  • Posted February 12, 2015
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  South African firm may exit Nigeria over falling crude oil price

  South Africa’s oil and gas explorer, SacOil Holdings Limited has stated that it may cancel an agreement to complete an appraisal on a prospective oil asset in Nigeria and exit the country, following the plummeting prices of...

  • Posted February 11, 2015
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  Nigeria, Ghana, others to benefit from $3.3m rice production grant

  Four African countries-Nigeria, Burkina Faso, Ghana and Tanzania – are to benefit from the $3.3 million grant provided by Bill and Melinda Gates (BMGF) and the German Development Cooperation (BMZ), under their Competitive African Rice Initiative (CARI)...

  • Posted February 11, 2015
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  Oil prices to rise amid growing demand – OPEC

  The Organisation of Petroleum Exporting Countries has said the demand for crude oil is expected to rise this year, boosting prices of the product in the international market. The oil cartel made this known in its monthly...

  • Posted February 11, 2015
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  Seplat Petroleum defies Bears, leads price gainers

  Shares in Seplat Petroleum Development Company Plc on Monday recorded  the maximum  percentage growth to close as the highest price gainer  at the stock market. The equities rose by  10.2 per cent or N34.21  from N333.90 to...

  • Posted February 11, 2015
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