Don't Miss


All posts by BusinessNews Staff

  • Stop politicising economy – Analysts tell FG, others

    Financial analysts on Thursday called on the Federal Government and other Nigerians to stop making comments that would further expose the economy to vulnerabilities, The analysts spoke to our correspondent in reaction to recent comments by both...

    • Posted January 31, 2015
    • 0
  • Nigeria now has 21 functional steel mills – Aganga

    The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, on Thursday said the number of functional steel mills in the country had increased to 21 from less than five a few years ago due to the...

    • Posted January 31, 2015
    • 0
  • Develop infrastructure with capital market funds — Experts

    Regulators, operators and other stakeholders in the Nigerian capital market have emphasised the need for governments at all levels to source funds for capital projects from the market. The stakeholders, who said the capital market was best...

    • Posted January 31, 2015
    • 0
  • Diversification, vital to avert economic crisis – Aganga

    The Minister of Industry, Trade and Investment, Mr, Olusegun Aganga,  on Thursday stated that Nigeria must diversify its economy to achieve economic development. Aganga, who pointed this out  during a facility tour to Sparkwest Steel Industries Limited...

    • Posted January 31, 2015
    • 0
  • Naira rises on strong dollar inflow

    The naira firmed sharply on Wednesday after the Nigerian National Petroleum Corporation (NNPC) sold about $350 million to lenders, helping the currency recover from a record low against the dollar. According to Reuters, the naira closed at...

    • Posted January 30, 2015
    • 0
  • House of the Week: A beautiful 4-bedroom house in Apo, Abuja

    Our house of the week is a beautiful newly built 4 bedroom fully detached house for sale at Vision Court Estate, Apo, Abuja. This house features 4 bedrooms, 4 bathrooms, 2 lounges, 1 dining area and 2...

    • Posted January 30, 2015
    • 0
  • Nigerian-American Chamber to promote non-oil exports

    The Nigerian-American Chamber of Commerce (NACC) has said it will focus on improving trade relations in non-oil sectors in between both countries. The National President, NACC, Mr. Olabintan Famutimi, said this on Wednesday at a press conference...

    • Posted January 30, 2015
    • 0
  • Foreign lenders reduce credit to Nigerian banks

    Indications have emerged that a number of foreign banks have started suspending short and medium-term credit lines to their Nigerian counterparts as falling crude oil prices continue to fuel exchange rate volatility and uncertainties in the economy....

    • Posted January 30, 2015
    • 0
  • Reassess your monetary, fiscal policies – IMF tells Nigeria

    The Managing Director of the International Monetary Fund, Christine Lagarde, has advised Nigeria to re-examine its fiscal and monetary policies immediately after elections to see if further action was needed after the government took steps to rein...

    • Posted January 30, 2015
    • 0
  • NNPC releases 1,500 trucks of kerosene to Cross River

    It has been disclosed that the Nigerian National Petroleum Corporation (NNPC) has released 1,500 trucks of kerosene for distribution to the public. Media Officer of the Port Harcourt Refinery Petroleum Company Limited, Mr. Ikenna Okpani, disclosed this...

    • Posted January 30, 2015
    • 0