Don't Miss


All posts by BusinessNews Staff

  • Experts hail suspension of CBN’s directive on credit risk mitigation in banks

    The decision of the Central Bank of Nigeria (CBN) to suspend the take-off of its directive on oil and gas industry credit risk mitigation in banks has been described as a well-thought-out action which promises to save...

    • Posted January 19, 2015
    • 0
  • Small capitalised stocks, best performers on NSE in 2014 – Onyema

    Last week, Director General, Nigerian Stock Exchange Mr. Oscar Onyema, held a media parley on 2014 Market Recap and outlook for 2015, where small capitalised stocks were adjudged the best performers. He also unveiled the exchange’s plan...

    • Posted January 19, 2015
    • 0
  • DPR shuts 60 petrol stations in Akwa Ibom

    The Department of Petroleum Resources in Eket, Akwa Ibom, has said it sealed 60 petrol stations in the state between January and December last year. DPR Controller of Operations in Eket, Asuquo Antai, disclosed this in an...

    • Posted January 19, 2015
    • 0
  • Investments in mutual funds hit N174bn

    The total value of mutual funds investment rose by N23.67bn or 15.7 per cent at the end of 2014. At the end of trading in 2013, the value of investment in mutual funds, also known as Collective...

    • Posted January 19, 2015
    • 0
  • Strike: Air traffic controllers ground flights nationwide Monday

    Local and international flights may be totally grounded nationwide on Monday as air traffic controllers under the aegis Nigerian Air Traffic Controllers’ Association commences a new strike over issues relating to poor salary. A statement signed by...

    • Posted January 18, 2015
    • 0
  • Oil: Share prices may crash by 28% before elections

    The free fall in share prices in the Nigerian Stock Exchange is set to hit 28 per cent, up from 17 per cent, before the general elections in February, a review of the current market trend and...

    • Posted January 18, 2015
    • 0
  • FG to provide uninterrupted power supply to industrial hubs

    The Federal Government is collaborating with the German government -represented by Deutshe Gesellschaft fur Internationale Zusammenarbeit (GIZ) – and the Manufacturers Association of Nigeria (MAN), to conduct an energy audit for the industrial sector. This is to...

    • Posted January 18, 2015
    • 0
  • ECA drops to $2.45bn as FG, states share N580bn

    The Excess Crude Account has been further depleted by about $650m from the $3.1bn in December to $2.45bn as of January 16, figures obtained from the Federation Account Allocation Committee has revealed. The Minister of State for...

    • Posted January 18, 2015
    • 0
  • Investors eye FBN, UBA, Access Bank as stocks hit new low

    As the Nigerian equities market continues to trend downwards leading to a buy opportunity in many stocks, investors are focusing on the banking sector given its upside potential in the near future. Following the bearish performance of...

    • Posted January 17, 2015
    • 0
  • FG pegs 15-year funding for power sector at $350bn

    The Minister of Power, Prof. Chinedu Nebo, has disclosed that the federal government will require about $350 billion to upgrade the power sector to at least 20,000 megawatts (MW) within the next 15 years. Breaking the figure...

    • Posted January 17, 2015
    • 0