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All posts by BusinessNews Staff

  • FAAN terminates contract with Milinda Francis & Co Ltd verbally

    The Federal Airports Authority of Nigeria (FAAN) has verbally terminated the contract of Milinda Francis & Company Ltd., after about 26 years of service. Mr Daniel Twon, the Company’s Manager, disclosed this to the News Agency of...

    • Posted January 3, 2014
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  • NSE ASI dips by 0.24% on Thursday

    The first trading day of the new year at the Nigerian Stock Market ended on a bearish trend as the All Share Index, ASI, dipped by 100.70 points or 0.24 percent to close lower on Thursday at...

    • Posted January 2, 2014
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  • Security votes: Court strikes out suit against 36 governors, FCT minister

    A Federal High Court sitting in Abuja on Tuesday struck out a suit seeking to stop the 36 state governors and the FCT minister from deducting monies from statutory allocation as security votes. Justice Adamu Bello threw...

    • Posted January 1, 2014
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  • Aregbesola presents N216bn budget for 2014 to Osun House of Assembly

    Gov. Rauf Aregbesola of Osun on Tuesday in Osogbo presented a budget of N216 billion for the 2014 fiscal year to the state house of assembly. The governor was represented at the occasion by his Special Adviser,...

    • Posted January 1, 2014
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  • Ekiti State issues N5bn bond for capital projects

    The Ekiti State Government has completed its N25 billion bond issuance programme with second tranche offer for subscription of five billion naira at14.50 per cent fixed rate. The News Agency of Nigeria (NAN) reports that the state...

    • Posted January 1, 2014
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  • 2014 budget: Yobe presents N102.9billion

    A total sum of one hundred and two billion, eight hundred and ninety-nine million, one hundred and forty-two thousand naira (N102,899,142,000) has been presented to the Yobe state house of Assembly as proposal for the 2014 budget,...

    • Posted December 31, 2013
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  • Jigawa government approve over N3bn for projects

    The Jigawa state executive council has approved over N3billion for executing various projects in the state. Commissioner for information Alhaji Babandi Ibrahim while stated this yesterday while briefing news men yesterday after executive council at state government...

    • Posted December 31, 2013
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  • Passage of Lagos State 2014 budget suffers setback

    The passage of Lagos State 2014 Budget Appropriation Bill on Monday suffered setback as some state ministries, departments and parastatal agencies failed to present their reports for verification. The Chairman, House Committee on Budget, Mr Mudashiru Obasa,...

    • Posted December 31, 2013
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  • Market cap gains N275billion on Tuesday

    The last trading day of the year at the Nigerian Stock Market ended on bullish trend as the market capitalisation of listed entities climbed to N13.226 trillion on Tuesday, gaining by N275 billion or 2.12 percent from...

    • Posted December 31, 2013
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  • Kaduna Government proposes N198bn budget for 2014

    Governor Muktar Yero of Kaduna State on Tuesday sent a budget estimate of N198 billion for the 2014 fiscal year to the state House of Assembly for approval Yero said that the appropriation bill was made up...

    • Posted December 31, 2013
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