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All posts by BusinessNews Staff

  • American company collaborates with Nigeria to transform its industries

    At a point that many analysts are of the opinion that Nigerian companies are folding up due to lack of visible plan and near absence of Managerial skills, an American owned company,Broadstreet PR and Event has come...

    • Posted September 30, 2013
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  • Property owners in Bayelsa appeal for payment of compensation

    Residents of Kaima in Bayelsa, whose properties were acquired by the state government for the construction of Kaima Model Secondary School, have appealed to the state government to compensate them. Mr Alawei Basuo, Coordinator of the affected...

    • Posted September 30, 2013
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  • FCMB restates commitment to power sector development

    FCMB Group has reaffirmed its commitment towards providing the necessary support to ensure the successful implementation of the ongoing reforms in Nigeria’s power sector. This, it stated, is in line with its contribution towards national development. The...

    • Posted September 29, 2013
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  • CBN releases names of 20 sanctioned forex operators

    The CBN on Friday released the names of 20 Bureau De Change (BDC) operators whose licences were revoked for alleged foreign exchange malpractices. The names of the BDCs posted on CBN’s Website are: FBN BDC, Amity Global...

    • Posted September 28, 2013
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  • BlackBerry reports deep loss and falling revenue

    BlackBerry Ltd. reported a quarterly loss of nearly one billion dollars on Friday in line with last week’s warning. The development was days after accepting its largest shareholder’s tentative 4.7 billion dollars bid to take it out...

    • Posted September 28, 2013
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  • CBN suspends WDAS to check money laundering

    The Central Bank of Nigeria (CBN) says it has suspended its Wholesale Dutch Auctions (WDAS) to check money laundering in the foreign exchange market. A circular by CBN to Bureau De Change (BDC) operators on Friday said...

    • Posted September 28, 2013
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  • FG earmarks $8b for Gas-to-Power programme to boost electricity supply

    The Federal Government has earmarked $8 billion dollars for the execution of the Nigerian Gas Master Plan with specific interest in meeting the gas-to-power demand in the country. Vice President Namadi Sambo stated this in Abuja on...

    • Posted September 28, 2013
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  • Investors trade 269.89 million shares on Friday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended Friday with investors trading 269.89 million shares valued at N1.73 billion in 4,044 deals. This was in contrast to the 314.29 million shares valued at N2.89...

    • Posted September 27, 2013
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  • PAN advocates ban on imported cars

    For local companies to make appreciable impact in creating job opportunities to the teeming unemployed in the country, government has to come up with measures that will protect their interest in order to operate in a viable...

    • Posted September 27, 2013
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  • SEC suspends Cashcraft Asset Management for violating trading rules

    The Securities and Exchange Commission, SEC, has announced the suspension of Cashcraft Asset Management Limited, its directors and sponsored individuals from all capital market activities. Information gathered from the commission’s website revealed that the suspension was as...

    • Posted September 27, 2013
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