Don't Miss


All posts by BusinessNews Staff

  • Power: Jonathan inherited only 2,800MW – Nebo

    Senate President, Senator David Mark and Governor Gabriel Suswam of Benue State yesterday appealed to Nigerians to ensure that the forthcoming general election is violence-free. Both men, according to a statement, spoke at the flag-off of the...

    • Posted January 23, 2015
    • 0
  • SEC, CIS seek greater local participation in Stock Market

    The Securities and Exchange Commission (SEC) and the Chartered Institute of Stockbrokers (CIS) have reached a consensus to priotise investor education in a bid to boost the participation of domestic investors in the nation’s capital market. About...

    • Posted January 23, 2015
    • 0
  • N1.29tn spent on fuel subsidy in two years

    Between 2013 and 2014, a total amount of N1.29tn was recorded as petrol subsidy claims from oil marketers. Figures from the Petroleum Products Pricing Regulatory Agency show that about N832.06bn was paid as subsidy claim by the...

    • Posted January 23, 2015
    • 0
  • 1,669 PHCN workers to get severance next week

    The Federal Government on Wednesday said it had validated and would pay 1,669 former employees of the defunct Power Holding Company of Nigeria their severance packages next week. Some of the workers had on Monday staged a...

    • Posted January 23, 2015
    • 0
  • Petrol pump price reduction won’t affect loading – Nipco

    Nipco Plc, an integrated indigenous downstream operator, has said the downward review of the pump price of Premium Motor Spirit (petrol) by the Federal Government will not affect loading of the product at its depot. In a...

    • Posted January 23, 2015
    • 0
  • Naira devaluation: Travellers pay more for foreign trips

    The continuous depreciation of the naira against the United States dollar has led to a significant rise in airfares for major international routes, making frequent flyers from Nigeria to pay more for flights overseas. The naira is...

    • Posted January 23, 2015
    • 0
  • ABUCCIMA seeks private sector partnership in disbursement of SMSE Fund

    The Abuja Chamber of Commerce and Industry, Mines and Agriculture (ABUCCIMA) has urged the federal government to involve the private sector in articulating conditions for accessing the micro, small, medium and enterprises (MSMEs) intervention fund. The federal...

    • Posted January 23, 2015
    • 0
  • Oil marketers decry non-payment of N250bn subsidy claims, seek deregulation

    The Major Oil Marketers Association of Nigeria (MOMAN) has decried the non-payment of an outstanding N250 billion subsidy claims for 2014, urging the federal government to pay the bills and deregulate the downstream sector. Speaking to journalists...

    • Posted January 22, 2015
    • 0
  • New fuel price fallout: DPR shuts down 10 petrol stations in Kwara

    No fewer than 10 filling stations were shut down on Tuesday by the state Department of Petroleum Resources (DPR) for their alleged refusal to dispense fuel to consumers at the new pump price of N87 per litre....

    • Posted January 22, 2015
    • 0
  • CBN rules out further devaluation of naira

    The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday ruled out further devaluation of the naira and warned against speculative trading in the currency, vowing that it would do everything within its power to...

    • Posted January 22, 2015
    • 0