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All posts by BusinessNews Staff

  • We are putting mechanism in place to curb tax evasion – FIRS

    The Federal Inland Revenue Service (FIRS) on Tuesday said it is putting a mechanism in place to curb the challenge of tax evasion in the country. This, according to the agency, is expected to boost the revenue...

    • Posted February 5, 2015
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  • Foreign investors withdrew $4.5bn from Stock Market in 2014 – NSE

    Foreign investors sold off Nigerian stocks valued at N846.5 billion ($4.5 billion) last year, the Nigerian Stock Exchange (NSE) data showed on Monday. This was 65 per cent more than in 2013 as decline in oil prices...

    • Posted February 4, 2015
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  • Four Nigerian banks among Top 500 Global Banks

    FirstBank of Nigeria Limited, Zenith Bank Plc, Guaranty Trust Bank Plc (GTBank) and Access Bank Plc have been ranked number one banking brand in Nigeria among the ‘Top 500 Banking Brands’ by The Banker magazine of the...

    • Posted February 4, 2015
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  • SEC warns investors against illegal fund operator

    The Securities and Exchange Commission on Monday warned investors against investing in a fund called the Energy Sector Credit Enhancement Fund and dealing with Michelle-Vault Partners Limited. According to the commission, both the fund and its promoter,...

    • Posted February 4, 2015
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  • CBN disburses N18.26bn to five power companies

    The Central Bank of Nigeria (CBN) on Monday commenced the disbursement of a total of N18.26 billion to five electricity distribution and generating companies as part of its N213 billion Nigerian Electricity Stabilsation Facility to the power...

    • Posted February 4, 2015
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  • Nigerian refineries’ capacity to hit 1mpd by 2017

    A former General Manager of the Warri Refinery and Petrochemical Company, Mr. Babajide Soyode, has stated that by 2017, Nigerian refineries would have the capacity to process one million barrels of crude oil per day, against the...

    • Posted February 4, 2015
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  • Experts demand full disclosure of alleged missing N30tn

    Economic and financial experts have called on the Federal Government to fully account for the N30tn alleged by a former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, to have been stolen under the supervision...

    • Posted February 4, 2015
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  • Nygard steps down as Berger Paints MD

    The Board of Directors of Berger Paints Nigeria Plc on Monday announced the exit of the company’s Managing Director, Mr. Tor Nygard, from its services. According to the company, the move follows the expiration of Nygards’ contract...

    • Posted February 4, 2015
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  • Power: Local firms to provide one million meters

    Indigenous manufacturers of electricity meters will provide one million units of the product for power consumers across the country, the Federal Government has said. The government had announced on January 15, 2015 that it would procure one...

    • Posted February 4, 2015
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  • Nigerians spent N2bn on video streaming in 2014

    The seeming high cost of subscription for pay television and the lack of leisure time to watch long movies have been identified as reasons for the rising interest of Nigerians in Video on Demand streaming. The VoD...

    • Posted February 4, 2015
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