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All posts by BusinessNews Staff

  • 29 stocks decline as market slide continues

    The equities segment of the Nigerian Stock Exchange closed on a negative note on Thursday with 29 stocks recording price depreciation. Presco Plc topped the price losers with a 4.99 per cent or N1.49 decline to close...

    • Posted December 6, 2014
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  • Tax evasion: FIRS clamps down on 10 firms

    The Federal Inland Revenue Service on Thursday clamped down on 10 companies in the Federal Capital Territory, Abuja and arrested some of their managers for failing to file tax returns and remit collected revenues to offset their...

    • Posted December 6, 2014
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  • Bi-Courtney advises minister on privatisation

    The management of Bi-Courtney Aviation Services Limited has called on the Federal Government to allow the private sector to participate more in the aviation industry. This, the company said, would boost activities in the Nigerian aviation industry,...

    • Posted December 6, 2014
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  • Minister lauds Flour Mills for wheat, cassava drive

    The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina,has commended Flour Mills Plc. for introducing cassava/wheat flour to the country’s market. Speaking at the recent launch of the flour, the ministrer thanked the company for keying...

    • Posted December 6, 2014
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  • Importers, airlines lose N7bn to closure of warehouses

    Importers, airlines and other stakeholders lost about N7 billion to the two weeks closure of bonded warehouses owned by the Skyway Aviation Handling Company Limited (SAHCOL) and the Nigeria Aviation Handling Company Plc (nahco aviance), hampered activities...

    • Posted December 6, 2014
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  • House of the Week: A fantastic 5-bedroom detached house in Lekki

    Set in a serene environment, our house of the week is a tastefully finished and newly built 5 bedroom detached duplex for sale at Lekki Phase 1, Lagos. This house has 5 bedrooms, 5 bathrooms, 1 dining...

    • Posted December 5, 2014
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  • NAMA threatens to ground domestic airlines over N5bn debt

    The Nigerian Airspace Management Agency (NAMA) has threatened to ground the operations of domestic airlines over their failure to pay their charges which have accumulated to over N5 billion. Such action will have adverse implication on the...

    • Posted December 5, 2014
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  • NSE capitalisation falls to N10.97tn as bear run persists

    The market capitalisation of Nigerian equities market dipped to N10.979 trillion yesterday as stocks continue to melt under the heat of massive sell-offs by investors.  The Nigerian Stock Exchange (NSE) All-Share Index closed 0.88 per cent lower...

    • Posted December 5, 2014
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  • Fuel importers under pressure from devalued naira

    As the country continues to rely on importation for most of its fuel needs, the recent devaluation of the naira is taking a toll on marketers as the cost of importing fuel has increased. This is coming...

    • Posted December 5, 2014
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  • Nigeria’s Forex reserves shrink to six-month low at $36.763bn

    The effect of the dwindling price of oil crude oil is taking its toll on the country as its external reserves have declined by $2.081 billion to $36.682 billion on December 1. This represented a decline by...

    • Posted December 5, 2014
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