Don't Miss


All posts by BusinessNews Staff

  • Enugu Government revokes water contract for alleged incompetence

    The Enugu State Government has terminated the multi million Naira contract of the state urban water project for alleged incompetence. The Commissioner for Water Resources, Mr Michael Nwachukwu, announced this in Enugu on Friday when he received...

    • Posted September 14, 2013
    • 0
  • Lagos residents commend government over improved power supply

    Some Lagos residents and business outfits have commended the Power Holding Company of Nigeria (PHCN) over improved power supply in their areas. They gave the commendation while speaking with the News Agency of Nigeria (NAN) in Lagos...

    • Posted September 13, 2013
    • 1
  • Stock market watch: Indices dip 0.35% on Friday

    The bearish trend continued at the Nigeria stock market on Friday with the All Share Index, ALSI, loosing 126.38 points or 0.35 percent to close at 36,098.06 points as against Thursday’s closing figure of 36,224.44 points. Equally,...

    • Posted September 13, 2013
    • 0
  • FG, Akwa Ibom Government to commence construction of Ibaka seaport

    The Akwa Ibom Government says it is committed to commencing the construction of Ibaka Deep Seaport in partnership with the Federal Government. Gov. Godswill Akpabio said this at a gala night organised in honour of the visiting...

    • Posted September 13, 2013
    • 0
  • APM Terminals to relocate physical examination site

    The Managing Director of APM Terminals Apapa Ltd., Mr Andrew Dawes, on Thursday said the company had decided to relocate its physical examination site to a section of the terminal. A statement issued by the company’s Media...

    • Posted September 13, 2013
    • 0
  • Oil Spill: Shell offers to pay N7.5bn to claimants

    The Shell Petroleum Development Company has offered to pay N7.5 billion to the indigenes of Bodo community, Gokana Local Government Area of Rivers, who were affected by an oil spill in 2008. A competent source close to...

    • Posted September 13, 2013
    • 0
  • Committee on disbursement of relief fund begins assignment in Bauchi State

    The committee set up to disburse the 1.8 billion relief fund to victims of the 2011 post presidential election violence in Bauchi State began its assignment on Thursday in Bauchi. Alhaji Sagir Aminu, the state Deputy Gov.,...

    • Posted September 13, 2013
    • 0
  • FCTA signs N1.2bn MoU with Capital Meat Company

    The FCT Administration on Thursday signed a N1.25 billion Memorandum of Understanding (MoU) with the Capital Meat Processing Company for the establishment of a central abattoir at Tungan Maje. The Minister of State for FCT, Ms Olajumoke...

    • Posted September 13, 2013
    • 1
  • Fashola appeals to FG to maintain 117 roads in Lagos

    Gov. Babatunde Fashola of Lagos State on Thursday urged the Federal Government to maintain 117 federal roads in the state. He spoke in Ikeja at a stakeholders’ forum on the collection of wharf landing fees introduced in...

    • Posted September 12, 2013
    • 0
  • CBN directs banks to report credit facilities of N1m in CRMS

    The CBN on Thursday directed banks to report all credit facilities of N1 million and above in their Credit Risk Management System (CRMS). The CBN, in a circular by the Director of Banking Supervision, Mrs Tokunbo Martins,...

    • Posted September 12, 2013
    • 0