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All posts by BusinessNews Staff

  • FG unveils N45bn sugar project in Niger

    The Federal Government has inaugurated a N45bn integrated sugar project in Sunti, Niger State. The project, wholly owned by Flour Mills of Nigeria Plc, and comprising a 16,500-hectare sugar cane estate and mill, is part of the...

    • Posted December 11, 2014
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  • LCCI condemns bill compelling private companies to list

    The Lagos Chamber of Commerce and Industry has called for the withdrawal of the Private Companies Conversion and Listing Bill, which is before the House of Representatives, saying it will do the business climate in Nigeria no...

    • Posted December 11, 2014
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  • Revive cocoa industry – US advises FG

    Amid the dwindling oil revenue caused by global fall in prices of crude oil, the United States Government has advised the Federal Government to prioritise the development of the cocoa industry. The US Diplomatic Mission to Nigeria...

    • Posted December 11, 2014
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  • FG, States may increase borrowing in 2015

    The revenue growth challenges facing the country as a result of the dwindling price of crude oil imply that governments’ borrowing may increase next year. Renaissance Capital (RenCap), a financial advisory firm revealed this in report obtained...

    • Posted December 11, 2014
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  • London Stock Exchange, GTI to partner on Capital Market development

    The London Stock Exchange Group (LSEG) and GTI Capital Group have agreed to work together with the aim of deepening the nation’s capital market capital. The understanding was reached when a team from LSEG visited GTI Group...

    • Posted December 10, 2014
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  • Overnight lending rate hits 70%

    The overnight lending rate more than doubled to a record high of 70 per cent monday, amid a cash squeeze after the Central Bank of Nigeria (CBN) last week soaked up naira liquidity to support the ailing...

    • Posted December 10, 2014
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  • Oil slump: FG promises to protect economy

    The Federal Government on Monday vowed to protect the economy from any external shock that might arise from the global drop in oil prices. It also warned that it would not allow “merchants of fear” to distort...

    • Posted December 10, 2014
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  • Electricity consumers oppose high estimated bills

    Electricity consumers across the country have insisted that they would no longer pay the high estimated bills being slammed on them by the electricity distribution companies. The consumers, under the aegis of Consumer Rights Advancement Organisation said...

    • Posted December 10, 2014
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  • 15 firms plan multi-million naira investment in agric, manufacturing, others

    Fifteen firms from four countries have indicated interests to invest in key sectors of the economy such as agriculture and manufacturing. This was made known by the Nigerian Ambassador in Argentina, Amb. Chive Kaave, when he led...

    • Posted December 10, 2014
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  • NSE index sheds 0.46% as 36 stocks fall

    The equities segment of the Nigerian Stock Exchange opened the week on a negative note as 36 equities recorded losses, compared to 10 gainers. Consequently, with the exception of the NSE Oil and Gas Index which rose...

    • Posted December 10, 2014
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