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All posts by BusinessNews Staff

  • Naira faces 15% devaluation — Report

    The naira may be devalued by 15 per cent, an Ecobank research has stated. It hinged this on the recent drop in global oil prices that had forced the Central Bank of Nigeria to take some far-reaching...

    • Posted November 12, 2014
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  • Equities halt two-week slide

    The Nigerian Stock Exchange closed on a positive note on Monday as equities rallied to end two weeks of losses. The major market indicators rose marginally with the NSE All Share Index appreciating by 0.03 per cent...

    • Posted November 12, 2014
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  • FG connects 111 communities to telephones

    The Minister of Communication Technology, Mrs. Omobola Johnson, has inaugurated one of the several Base Transceiver Stations deployed across the South-West region by Odu’atel through subsidies provided by the Universal Service Provision Fund (USPF) at Igbo Olodumare...

    • Posted November 12, 2014
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  • Completed dams to raise power generation by 135.15MW

    Sixteen hydropower dams that will add 135.15 megawatts of electricity to the power grid have been completed, the Federal Government has said. Nigeria currently generates less than 5,000MW of power for a population of over 160 million...

    • Posted November 12, 2014
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  • NECA decries CPC’s onslaught against private companies

    Nigeria Employers Consultative Association (NECA) has decried the increasing act of impunity by the Consumer Protection Council (CPC), alleging that the regulatory agency has its destructive onslaught against members companies. The umbrella body for private sector employers...

    • Posted November 12, 2014
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  • Ideasvibe Media partners Tiny Mission to help Any Size Campaign go mobile

    With Nigerians taking to using smartphones and consuming data, IDEASVIBE MEDIA partners TINY MISSION, USA to help any size campaign go mobile. Tiny Candidate is a new service for aggregating all of your important campaign information in...

    • Posted November 11, 2014
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  • Access Bank introduces customised debit cards

    Access Bank Plc has unveiled its customised debit card tagged, “Persona.” The product allows customers of the bank to upload their favourite image or to select any from the bank’s gallery on their debit cards. Speaking at...

    • Posted November 11, 2014
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  • Inflation drops to 8.1% in October

    The Consumer Price Index (CPI) which measures inflation dropped further to 8.1 per cent in October compared to 8.3 per cent the previous month, according to the National Bureau of Statistics (NBS). Also, Nigeria’s Capital Importation portfolio...

    • Posted November 11, 2014
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  • FBN Holdings acquires Kakawa Discount House Limited

    FBN Holdings Plc has announced the acquisition of 54% equity interest in Kakawa Dicount House Limited, making the holdings company 100% owners of Kakawa. According to a release signed by the company, the acquisition of Kakawa Discount...

    • Posted November 11, 2014
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  • CBN in market to defend naira

    The Central Bank of Nigeria is currently intervening with dollar sales in the foreign exchange market to support the ailing naira currency, the Deputy Governor, Monetary Policy, CBN, Dr. Sarah Alade, has said. Alade said the naira...

    • Posted November 11, 2014
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