All posts by BusinessNews Staff

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  Naira, cedi, kwacha worst African currencies in 2014

  Nigeria’s naira, Ghana’s cedi and Zambia’s kwacha have been named the worst performing African currencies in 2014. The currencies were among a small basket that are relatively liquid, as falling commodity prices take a toll on some...

  • Posted January 4, 2015
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  Government interference threatens telecoms growth – NIG

  The President, Nigeria Internet Group, Mr. Bayo Banjo, says poor quality of service and bandwidth challenges still exist because the Ministry of Communications Technology and the Nigerian Communications Commission are making excessive interference in the private sector....

  • Posted January 4, 2015
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  Local manufacturers of SIM cards, National ID cards, voter cards get N1.1bn BoI facility

  The Bank of Industry, BoI, has granted N1.1 billion credit facility to local manufacturers of electronic payment cards, SIM cards, National ID card and Voters card. Mr. Rasheed Olaoluwa, BoI Managing Director, disclosed this during a loan...

  • Posted January 4, 2015
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  NSE among world’s worst performing exchanges in 2014

  The Nigerian Stock Exchange ended 2014 as one of the worst performing exchanges as the market capitalisation of the listed equities fell by N1.749tn from N13.226tn at the start of the year to N11.477tn. This is despite...

  • Posted January 3, 2015
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  Nigeria’s import of US kerosene hits record high

  Nigeria’s monthly import of kerosene from the United States hit the highest in October last year since 1995, when the country imported its first cargo from the US, data obtained from the Energy Information Administration, the statistical...

  • Posted January 3, 2015
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  Oil slump: FG may borrow from World Bank, others

  The Federal Government, in a bid to cushion the impact of oil price drop on the nation’s economy, is seeking external loans worth $5.7bn (N2.97tn) from its development partners to finance infrastructure projects contained in the 2015...

  • Posted January 3, 2015
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  Council Seeks decongestion of Lagos Ports

  In a bid to address the congestion in the nation’s seaports, especially the ones situated in Lagos, the Chairman of the Ports Consultative Council (PCC), Chief Kunle Folarin has called on the federal government to initiate measures...

  • Posted January 3, 2015
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  Cargo clearance at Lagos Airport on course – Nahco

  The Nigeria Aviation Handling Company Plc (nahco aviance) has said clearance of goods at the cargo terminal of the Murtala Muhammed International Airport, Ikeja, Lagos,  is on-going and  will end by the first week of January. This...

  • Posted January 3, 2015
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  Auto Policy: Hard times await importers, freight forwarders

    As the federal government begins the implementation of the new auto policy this year, hard times await importers of used vehicles into the country. Also to be affected are concessionaires in the nation’s seaports who specialised...

  • Posted January 3, 2015
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  Nigeria loses N170bn to gas flaring

  Nigeria lost about $1bn (N170bn) as oil companies operating in the country flared a big chunk of the gas produced from January to September 2014, analysis of data obtained from the Nigerian National Petroleum Corporation has shown....

  • Posted January 3, 2015
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