All posts by BusinessNews Staff

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  Sovereign Wealth Fund is to shield Nigerian economy – CBN

  Mallam Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria (CBN), says the Federal Government established the Sovereign Wealth Fund (SWF) to shield Nigerian economy from adverse global shocks. Sanusi, who made the remark at the Euromoney Conference...

  • Posted September 19, 2013
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  MTN donates five patrol vehicles to Kogi

  A telecommunications service provider, MTN, on Thursday donated five Hilux patrol vehicles to Kogi Government. Presenting the vehicles to Gov. Idris Wada in Lokoja, the North Central Coordinator of MTN, Mr Michael Eking-Michael, said that the donation...

  • Posted September 19, 2013
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  Airtel offers Nigerians opportunity to own Nokia Lumia 520 smartphone

  Leading telecommunications service provider, Airtel Nigeria and Nokia, have partnered to provide Nigerians the opportunity to exchange any of their current handsets for one of Nokia’s swank smartphones, the Lumia 520. To qualify for the Airtel/Nokia phone...

  • Posted September 19, 2013
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  Q3: Profit taking, festive mood depresses stock market – Oteh

  The Director General of the Securities and Exchange Commission, SEC, Ms Arunma Oteh, has given insight to the reasons for the downward trend in the stock market since the beginning of the third quarter of 2013. According...

  • Posted September 19, 2013
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  Nigeria spends $260bn on rice importation annually – Nwosu

  A former Executive Director, National Root Crops Research Institute (NRCRI) Umudike, Abia, Dr Kenneth Nwosu, says Nigeria loses more than 260 billion dollars annually on rice importation. Nwosu, a commissioner nominee, made the disclosure when he answered...

  • Posted September 19, 2013
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  FG approves N311.8m for purchase of 30 buses for civil servants in Abuja

  The Federal Executive Council (FEC) on Wednesday approved the purchase of 30 33-seater Innoson buses to address the transportation problem being experienced by civil servants in Abuja. The Minister of Information, Mr Labaran Maku, said this in...

  • Posted September 18, 2013
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  FG directs Julius Berger to rehabilitate Lagos-Ibadan expressway – Director

  The Federal Government on Wednesday directed Julius Berger to begin rehabilitation of the bad portions on Lagos-Ibadan expressway to reduce hardship faced by motorists. The Director of Federal Highways (South West), Federal Ministry of Works, said this...

  • Posted September 18, 2013
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  CBN sells $300m forex at WDAS

  The Central Bank of Nigeria (CBN) sold 300 million dollars at the rate of N155.76 to the dollar at its 71st Wholesale Dutch Auction System (WDAS) on Wednesday. The News Agency of Nigeria (NAN) reports that the...

  • Posted September 18, 2013
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  Zone A unit of NCS seizes over N1bn worth of contraband

  The Federal Operations Unit, Zone A of the Nigeria Customs Service says it seized 47,372 pieces of contraband worth more than N1 billion between January and August this year. Mr Uche Ejesieme, the spokesman for the zone,...

  • Posted September 18, 2013
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  MD of Jos electricity company vows to recover N15bn debts

  Mr Fidelis Obisahi, the Acting Managing Director, Jos Electricity Distribution Company (JEDC), on Wednesday announced that customers owed the company about N15 billion and vowed to “aggressively go after the debtors’’. “Customers owe JEDC more than N15...

  • Posted September 18, 2013
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