Don't Miss


All posts by BusinessNews Staff

  • NBC to raise N69bn for digital broadcasting

    The National Broadcasting Commission plans to raise N69bn to handle the transition from analogue to digital broadcasting in the country. The Director-General, NBC, Mr. Emeka Mba, confirmed this in an interview with our correspondent in Abuja. The...

    • Posted February 6, 2015
    • 0
  • Nigeria’s Nominal GDP to hit N156.29trn in 2019

    Nigeria’s nominal gross domestic product (GDP), which was estimated at N84.91 trillion in 2014 is expected to grow to N95.09 trillion in 2015 and N156.29 trillion in 2019, provided this month’s election outcome is favourable. However, following...

    • Posted February 5, 2015
    • 0
  • Foreign participation in debt market drops to 13.7%

    Foreign participation in Nigerian fixed income securities market has almost halved to about 13.7 per cent, from its peak in 2013, Standard Chartered Bank revealed in its latest report titled: “Sub-Saharan Africa rates 2015 − Battling a...

    • Posted February 5, 2015
    • 0
  • FG to punish private airlines operating commercial flights

    The Federal Government has announced that it will come down hard on private airline operators that deviate from their core business. To this end, the Ministry of Aviation has directed all private airlines that engage in commercial...

    • Posted February 5, 2015
    • 0
  • SEC restates commitment to dematerialisation of shares

    The Acting Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, has said the  apex regulator of the capital market is committed to the dematerialisation of share certificates as part of efforts to boost investors’ confidence...

    • Posted February 5, 2015
    • 0
  • CBN to boost forex liquidity with $30,000 to BDCs

    In order to improve liquidity in the Bureau De Change (BDC) segment of the foreign exchange market, the Central Bank of Nigeria (CBN) has disclosed plans to conduct a special intervention in that segment of the forex...

    • Posted February 5, 2015
    • 0
  • NSE index gains 0.45%, 27 stocks rise

    The equities segment of the Nigerian Stock Exchange closed on a positive note for the second day this week on Tuesday on the back of gains by 27 stocks. The gains lifted the NSE All-Share Index by...

    • Posted February 5, 2015
    • 0
  • Debt Management Office to sell N90bn bonds

    The Federal Government is planning to raise N90bn ($475m) in sovereign bonds with maturities ranging between five and 20 years at its next regular auction on February 11, the Debt Management Office has said. The debt office...

    • Posted February 5, 2015
    • 0
  • SEC supports electronics share certificates

    The Acting Director-General, Securities and Exchange Commission, Mr. Mounir Gwarzo, has said the commission is committed to dematerialisation in the capital market as one of the means of boosting investors’ confidence. Dematerialisation refers to the conversion of...

    • Posted February 5, 2015
    • 0
  • Power firms must now obey rules – NERC

    The Nigerian electricity supply industry on February 1, 2015 attained the much-awaited ttransitional stage electricity market, whereby wholesale buying and selling of power are based on contractual and regulatory rules. According to the Nigerian Electricity Regulatory Commission,...

    • Posted February 5, 2015
    • 0