Don't Miss


All posts by BusinessNews Staff

  • FG may borrow N2tn to finance 2015 budget — Chioke

    The Managing Director, Afrinvest West Africa Limited, a research and investment advisory firm, Mr. Ike Chioke, tellsOYETUNJI ABIOYE how falling oil prices will pose challenges to the Nigerian economy this year How would you analyse the proposed budget for...

    • Posted January 27, 2015
    • 0
  • Naira rebounds at parallel, black markets

    The Naira on Monday rebounded to gain N6 against the dollar following the Central Bank of Nigeria’s (CBN) plan to upwardly review the weekly Forex cash sales to Bureau De Change (BDC) operators. The News Agency of...

    • Posted January 27, 2015
    • 0
  • Investment in Egbin power plant now N50bn

    A total of N50bn has been injected into Egbin Thermal Power Station since November 2013, when the company was privatised, the Chief Executive Officer, Egbin Power Plc, Mr. Mike Uzoigwe, has said. He said this in Lagos...

    • Posted January 27, 2015
    • 0
  • AfDB, MasterCard seek inclusive growth in Africa

    The African Development Bank and MasterCard have announced a broad collaboration that aims to expand financial inclusion across the African continent. The collaboration seeks to develop solutions that drive inclusive growth in Africa by broadening access and...

    • Posted January 27, 2015
    • 0
  • PenCom goes tough on errant PFAs

    PenCom said in a document obtained on Sunday that a review of the compliance reports forwarded by the PFAs to the commission revealed some cases of non-compliance. Some of the defaults, it stated included non-compliance with investment...

    • Posted January 27, 2015
    • 0
  • BoI signs MoU on SME Financing with Banks

    The Bank of Industry (BoI) has signed a memorandum of understanding (MoU) with Ecobank Nigeria, the United Bank for Africa Plc, Diamond Bank, First City Monument Bank, Fidelity Bank Plc and five other banks in order to...

    • Posted January 27, 2015
    • 0
  • Oil price shock: FBN Capital, LCCI call for fuel subsidy removal

    As crude oil prices continued to hover below $50 per barrel at the international market last week, prompting the cut in the pump price of premium motor spirit (PMS) from N97 to N87 per litre by the...

    • Posted January 26, 2015
    • 0
  • “N220bn MSME Fund will boost economy, employment” – Adegbenro

    The successful launch of the N220 billion Micro, Small and Medium Scale Enterprises (MSME) fund has been described as a key milestone achievement and an initiative that will boost the contribution of the Central Bank of Nigeria...

    • Posted January 26, 2015
    • 0
  • FG should reduce petrol price further — PENGASSAN president

    The President of the Petroleum and Natural Gas Senior Staff Association, Comrade Francis Johnson, tells BAYO AKINLOYE that the oil companies in Nigeria should not retrench some of their workers in response to the slump in crude oil prices...

    • Posted January 26, 2015
    • 0
  • NIMC begins registration of Nigerians in Diaspora

    The National Identity Management Commission has commenced the enrolment of Nigerians in Mexico as part of its grand plan to register all the nation’s citizens in Diaspora. The Director-General and the Chief Executive Officer, NIMC, Mr. Chris...

    • Posted January 26, 2015
    • 0