All posts by BusinessNews Staff

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  Nigeria gains N4.2tn from leasing in 10 years

  In the last 10 years, the leasing industry has added assets worth over N4.2tn to capital formation in the Nigerian economy. In 2013, outstanding lease volume was estimated at N780bn, up from N671bn in 2012, representing a...

  • Posted December 1, 2014
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  Telecoms operators exerting pressure on foreign exchange – NOTAP

  Telecommunications operators have been putting enormous pressure on the nation’s foreign exchange as they seek approvals to acquire foreign software to drive their networks, Director General of the National Office for Technology Acquisition and Promotion, Dr. Umar...

  • Posted December 1, 2014
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  Indian firms feeling impact of naira devaluation

  The recent devaluation of the naira announced by the Central Bank of Nigeria (CBN) is hurting the share prices of some companies in India. The Wall Street Journal disclosed this in a report yesterday. The CBN on...

  • Posted November 30, 2014
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  NEXIM Bank offers N300bn loan guarantee to exporters

  The Nigerian Export Import Bank (NEXIM) has said it offered N300 billion as funding support to Nigerian exporters in 2014 as part of its commitment to boost credible non-oil exports. Making the disclosure at the 2014 Non-oil...

  • Posted November 30, 2014
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  Jonathan honours 100 top companies Monday

  President Goodluck Jonathan will on Monday, December 1, give special recognition to the top 100 Nigerian businesses that have contributed to making the country the largest economy in Africa. This will happen at a Presidential dinner, which...

  • Posted November 30, 2014
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  May & Baker gets WHO certification

  The World Health Organisation has certified May & Baker Nigeria Plc as a pharmaceutical manufacturing company with adequate facilities and processes that meet the global health organisation’s current Good Manufacturing Practice, a statement from the company said....

  • Posted November 30, 2014
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  KIA partners Diamond Bank on Auto Loan Scheme

  In a bid to make owning a new car easy, accessible and affordable for all, Kia Motors Nigeria partners Diamond Bank to offer an unbeatable auto loan scheme to potential customers starting from as low as N37,000...

  • Posted November 30, 2014
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  Closure of bonded warehouses at MMIA may threaten air safety

  Nigerian airlines have raised the alarm over the delay in the clearing of safety critical aircraft parts, which were imported for immediate use on aircraft that have accumulated snags and needed urgent parts replacement. The airlines said...

  • Posted November 30, 2014
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  Fitch: Naira devaluation to have limited impact on banks

  Fitch Ratings, a global rating agency, on Thursday said the Central Bank of Nigeria’s (CBN’s) decision on Tuesday to devalue the naira and raise interest rates would have only limited impact on Nigerian banks at present. It...

  • Posted November 29, 2014
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  Equities market gains N274bn in three days

  Investors in Nigerian equities market continue to smile as the market rose further to record its third consecutive close  yesterday after the Monetary Policy Committee (MPC)of the Central Bank of Nigeria (CBN) announced decisions expected to have...

  • Posted November 29, 2014
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