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All posts by BusinessNews Staff

  • We will start exporting rice in three years – FG

    Nigeria will become a net exporter of rice in the next three years, the Federal Government has said. According to the government, over N256bn has been invested in the product in the past three years. The Minister...

    • Posted November 19, 2014
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  • Stanbic IBTC may raise Tier1 Capital in 2015

    In compliance with the Basel requirements on operational risk, Stanbic IBTC (bank) could consider a tier 1 capital raise in 2015, likely via a rights issue, a report by Renaissance Capital has revealed. According to the report,...

    • Posted November 19, 2014
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  • FirstBank unveils 20 wheelchair accessible branches

    FirstBank of Nigeria Limited has said it recently designated over 20 branches with access to wheelchairs across the country. Group Managing Director/Chief Executive Officer, FirstBank, Mr. Bisi Onasanya stated this at the recently concluded FirstBank’s International Sustainability...

    • Posted November 18, 2014
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  • Lagos drags 50 firms to court for tax evasion

    The Lagos State Government on Sunday said it had begun the prosecution of over 50 corporate organisations and individuals who allegedly defaulted in paying their taxes in accordance with the state’s tax laws. The Chairman of Lagos...

    • Posted November 18, 2014
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  • FG, shareholders commend Dangote Cement for investment

    The Federal Government, stakeholders in the cement sector as well as shareholders have hailed Dangote Cement Plc over the huge investments in the production of the essential construction material as well as the recent slash in the...

    • Posted November 18, 2014
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  • Unity Bank blacklists Bulet Intenational, Kabo Air, 109 other debtors

    Unity Bank Sunday made public the names of 111 of its customers with bad loans. The bank stated in a public notice signed by its management that it decided to publish the names because the debtors failed...

    • Posted November 18, 2014
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  • Fidson Healthcare grows profit by 26% to N686m

    Fidson Healthcare Plc has announced its  financial results for the nine months ended 30 September, 2014, showing improved resources management that led to a higher bottom-line. While turnover rose marginally by four per cent profit before tax...

    • Posted November 18, 2014
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  • CMC set to unveil capital market master plan

    The Capital Market Committee says it will unveil the capital market master plan, a 10-year plan, aimed at ensuring the guided growth of the Nigerian capital market at its yearly retreat in Abuja. The CMC had in...

    • Posted November 18, 2014
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  • We must remove barriers to MSMEs growth – Aganga

    The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has highlighted the need to remove the barriers impeding the growth and development of micro, small and medium enterprises in the country. The minister noted that the...

    • Posted November 18, 2014
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  • Experts to examine e-payment regulation

    Banking and electronic payment experts will later this week in Abuja examine the role of policy regulation in the implementation of the payment system at the 2014 retreat of the Committee of e-Banking Industry Heads. To lead...

    • Posted November 18, 2014
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