All posts by BusinessNews Staff

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  NNPC refutes alleged N152bn expenditure on four refineries

  The Nigerian National Petroleum Corporation (NNPC) on Tuesday said it did not budget or expend N152 billion as recently claimed by certain politicians for the rehabilitation of its four refineries located in Kaduna, Warri and Port Harcourt....

  • Posted January 15, 2015
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  Budget: Reps suggest $40-$45 oil benchmark

  Some members of the House of Representatives on Tuesday suggested that the crude oil benchmark price for the 2015 budget should be between $40 and $45. However, they were hesitant to elaborate on the issue as they...

  • Posted January 15, 2015
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  Transcorp Hotels set for listing on the Nigerian Stock Exchange

  Transcorp Hotels Plc (THP) will be the first company to be listed on the Nigerian Stock Exchange this year. Its shares will be listed on the Nigerian bourse  tomorrow. The listing of the shares follows the conclusion...

  • Posted January 15, 2015
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  DMO to raise $1.66billion in Q1 2015

  In a bid to bridge the massive deficit in the 2015 budget, the Debt Management Office (DMO) has released its provisional bond issuance calendar for the first quarter of this year. A review of the provisional bond...

  • Posted January 15, 2015
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  Nestle, Nigerian Breweries lead equities lower

  The market capitalisation of the listed equities on the Nigerian Stock Exchange declined by N115bn or 1.14 per cent to N9.895tn as highly capitalised companies, including Nestle Nigeria Plc and Nigerian Breweries Plc, recorded losses. The decline...

  • Posted January 15, 2015
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  Festive spending pushes inflation to 8% – NBS

  The National Bureau of Statistics on Tuesday released the Consumer Price Index for the month of December 2014, with the inflation rate rising by 0.1 percentage point from 7.9 per cent in November to eight per cent....

  • Posted January 15, 2015
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  NSE targets more Diaspora investors

  The Nigerian Stock Exchange on Tuesday said it had completed arrangements to attract more Nigerians in the Diaspora to the nation’s capital market. In line with the objective, the Exchange said it would on Monday hold an...

  • Posted January 15, 2015
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  Panel submits report on NITEL’s N300bn debt

  The committee verifying the N300bn debt reportedly incurred by the Nigerian Telecommunications Limited before it became moribund has submitted its interim report to the Bureau of Public Enterprises. Investigation by our correspondent showed that the committee, which...

  • Posted January 15, 2015
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  Crude oil prices near six-year low at $45 per barrel

  Oil prices on Tuesday dropped to nearly a six-year low with the prices of both Brent and United States crude oil converging briefly at a point as Saudi Arabia and its Gulf allies in the Organisation of...

  • Posted January 15, 2015
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  Ajaokuta, Delta Steel Company to begin production in 2015 – Official

  The Federal Ministry of Mines and Steel Development on Monday  said the Light Section Mill (LSM) of the Ajaokuta and Delta Steel companies would commence production in 2015. The Director of Steel and Non-Ferrous Metals Department in...

  • Posted January 14, 2015
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