All posts by BusinessNews Staff

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  PZ shares rise despite decline in half-year profit

  The shares of P.Z Cussons Nigeria Plc appreciated by 18.6 per cent last week despite the bear run recorded in the stock market last week. The market closed negatively as the Nigerian Stock Exchange (NSE) All-Share Index...

  • Posted February 3, 2015
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  Shipping charges: Port regulator moves to expose violators

  The nation’s port economic regulator, Nigerian Shippers’ Council, NSC, has commenced moves to expose terminal operators and shipping companies still involved in the collection of illegal charges on port users despite the order of the federal high...

  • Posted February 1, 2015
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  FG commissions N60bn steel mill in Sagamu

  The Federal Government yesterday commissioned a N60billion integrated steel mill in Shagamu, Ogun State as part of productive activities thrown up by the sectorial implementation of the Nigerian Industrial Revolution Plan. The Minister of Industry, Trade and...

  • Posted February 1, 2015
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  Retail investors are better off investing in mutual funds – Adewumi

  The Group Managing Director, Lead Capital Plc, Mr. Wale Adewumi, talks about investments in the Nigerian capital market and how domestic market participation can be improved, among other issues, in this interview with SIMON EJEMBI There have...

  • Posted February 1, 2015
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  Naira depreciation could trigger inflation – NBS

  The National Bureau of Statistic (NBS) has said contrary to widespread speculations that increased pressures on prices could result from the election period, inflation could actually be caused by the recent depreciation of the Naira. It said...

  • Posted January 31, 2015
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  FG urged to utilise Stock Market for infrastructural financing

  Stakeholders in the Nigerian capital market have unanimously called on the Nigerian government to tap into the enormous resource available in the capital market to finance critical infrastructure and ensure sustainable economic growth. They made this known...

  • Posted January 31, 2015
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  Oil companies’ dollar sale may boost naira

  The naira is likely to be steady next week on dollar sales by oil companies, while East African currencies are expected to be supported by central bank interventions,Reuters has reported. The naira is likely to trade around...

  • Posted January 31, 2015
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  FIRS generates N4.69tn revenue in 2014

  The Federal Inland Revenue Service (FIRS) said on Thursday that it generated N4.69 trillion from taxes for the federal government in 2014. FIRS said in its Quarterly Revenue Report issued in Abuja that the figure surpassed its...

  • Posted January 31, 2015
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  CBN, firm partner on e-Payment, e-Collections

  The Central Bank of Nigeria (CBN) has accentuated  the importance of keeping all funds in a treasury single account. This, it said would eliminate corruption and leakages in Internally Generated Revenue (IGR). The apex bank has also...

  • Posted January 31, 2015
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  Oil firms, banks renegotiate loans amid falling prices

  Buffeted by the decline in global oil prices from a peak of $115 per barrel in June 2014 to around $48 currently, several oil companies in Nigeria are restructuring the loans they obtained from banks for the...

  • Posted January 31, 2015
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