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All posts by BusinessNews Staff

  • NBS: Nigerian economy generated 349,343 jobs in third quarter of 2014

    The Nigerian economy added a total of 349,343 jobs in the third quarter of 2014 (Q3 2014), the National Bureau of Statistics (NBS) said on Thursday. According to the latest job creation figures released by the NBS,...

    • Posted January 24, 2015
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  • Uncertainty surrounds TCN privatisation

    The plan by the Federal Government to privatise the Transmission Company of Nigeria is mired in uncertainty as there appears to be no road map yet for the transaction. Consultations meant to prepare the ground for the...

    • Posted January 24, 2015
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  • Fuel subsidy: PPPRA removes pricing template from website

    The Petroleum Products Pricing Regulatory Pricing on Thursday removed the pricing templates of all refined petroleum products from its website. The decision was an apparent reaction to the publication of a story by The PUNCHthat the Federal Government...

    • Posted January 24, 2015
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  • We created N220bn fund to help MSMEs – Jonathan

    The Federal Government designed the N220bn Small and Medium Enterprises Development Fund to tackle the dearth of financial resources available to small businesses and unleash their potential to create jobs and reduce the incidence of poverty. President...

    • Posted January 24, 2015
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  • US group to build 250MW plant in Rivers

    The United States of America-based Missouri American Energy is planning to build a 250-megawatts power plant in Rivers State, the Federal Government has said. The Minister of Power, Prof. Chinedu Nebo, said the plant, when completed, would...

    • Posted January 24, 2015
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  • FG begins procurement process for Ibom Port

    The federal government has started the procurement process for the Ibom deep seaport, Akwa Ibom State. Minister of Transport, Senator Idris Audu Umar dropped the hint at the official submission of the outline business case (OBC) for...

    • Posted January 24, 2015
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  • House of the Week: A magnificent 4-bedroom house at Asokoro, Abuja

    Set in the luxurious Asokoro neighbourhood, our house of the week is a magnificent 4 bedroom fully detached house for sale. This exquisite property features 4 bedrooms, 4 bathrooms, 3 lounges, 1 dining area and 2 rooms...

    • Posted January 23, 2015
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  • Currency dealers move to save falling naira

    Currency dealers in Nigeria wednesday agreed  to halt trading if there is a more than two per cent intra-day slide in the naira, which is being hit by the oil price slump and is at risk of...

    • Posted January 23, 2015
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  • Nigeria may double VAT due to falling oil prices

    The federal government plans to double its value-added tax (VAT) and cancel government projects if oil prices continue to slide. Coordinating Minister for the Economy/Minister of Finance, Dr. Ngozi Okonjo-Iweala said this in an interview with The...

    • Posted January 23, 2015
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  • Subsidy on petrol now N2.84 per litre – PPPRA

    Despite the recent reduction in the pump price of petrol from N97 to N87 per litre, the Federal Government has claimed it still pays N2.84 as subsidy on every litre of the product consumed. According to the...

    • Posted January 23, 2015
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