All posts by BusinessNews Staff

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  Sanusi launches revised payment system document

  Malam Sanusi Lamido Sanusi, the Governor of Central Bank of Nigeria (CBN), has launched the revised version of the Nigeria Payment System (NPS) Vision 2020 Strategy Document. Sanusi, who launched the document during an International Conference on...

  • Posted September 18, 2013
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  Utomi denies funding presidential campaign with Bank PHB money

  Prof. Pat Utomi on Tuesday denied that he funded his 2007 election campaign with loans obtained from the former Bank PHB. Utomi, a former Executive Director of the bank, was also presidential candidate of the African Democratic...

  • Posted September 18, 2013
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  Reps decry low implementation of 2013 capital budget

  The Speaker of the House of Representatives, Alhaji Aminu Tambuwal, in Abuja on Thursday decried the low implementation level of the 2013 capital budget. Tambuwal, who made the remark in an address of welcome to members from...

  • Posted September 17, 2013
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  Dangote to establish 80,000 hectare sugarcane plantation in Kebbi

  The Dangote Group has concluded plans to establish an 80,000 hectare sugarcane plantations in Kebbi, the state Commissioner for Agriculture, Alhaji Sani Kanya, has said. Kanya told the News Agency of Nigeria (NAN) on Tuesday in Birnin...

  • Posted September 17, 2013
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  Stock Market watch: Market cap dips 0.03% on Tuesday

  Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a negative note on Tuesday as the market capitalisation of the listed entities dipped by 0.03 percent or N3 billion to end at N11.415 trillion...

  • Posted September 17, 2013
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  Lack of access to loan, major obstacle for farmers – Agric Minister

  Nigeria’s minister of agriculture, Dr. Akinwumi Adesina has identified lack of access to loan facilities as major problem facing farmers in the country. The minister said under such circumstance, it would be difficult to achieve food security....

  • Posted September 17, 2013
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  China opens world’s highest civilian airport on Tibetan plateau

  The world’s highest civilian airport has opened at an altitude of 4,411 metres on the Tibetan plateau in the south-western Chinese province of Sichuan, state media said on Tuesday. The Daocheng Yading airport in Ganzi prefecture’s Daocheng...

  • Posted September 17, 2013
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  49 listed companies paid dividends in 2013 – NSE

  Only 49 out of about 185 companies quoted on the bourse have so far declared dividend payment to their numerous shareholders for the 2012 financial year, a source at the Nigerian Stock Exchange, NSE, has revealed. A...

  • Posted September 17, 2013
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  Oil falls below $110 per barrel

  Brent crude fell below 110 dollars per barrel on Tuesday, as easing worries over a potential U.S. attack on Syria calmed fears of a disruption to Middle East oil supplies. The price drop was also after output...

  • Posted September 17, 2013
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  BBM for Android and iOS launch expected this week

  The much anticipated cross-platform avatar of BlackBerry Messenger or BBM is soon expected to appear on Android devices and iPhones, with the company hosting events in Malaysia and India on September 18th, where it’s expected to offer...

  • Posted September 17, 2013
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