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All posts by BusinessNews Staff

  • Enugu workers urge government to revamp moribund industries

    Enugu State workers, Wednesday, called on the state government to reactivate some its industries that have gone moribund. The workers, who made the appeal at the Michael Okpara Square during the Workers’ Day celebration also called for...

    • Posted May 1, 2013
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  • Airtel creates borderless network, crashes communication charges

    Bharti Airtel, a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, has introduced the ONE AIRTEL service, which will further ease the burden of roaming costs whilst travelling. The newly-introduced service...

    • Posted May 1, 2013
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  • Infrastructure Bank to invest N400billion in Lagos rail project

    Vice Chairman, Infrastructure Bank, Mr Jonan Kruger, yesterday, disclosed that the Lagos light rail project from Marina, through Iddo to Agbado, would cost about N400 billion. The project, tagged ‘Redline Light Rail Project’, would be funded by...

    • Posted May 1, 2013
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  • DPR closes four petrol stations in Abia

    The Department of Petroleum Resources (DPR)in Abia state has sealed off four petrol stations in the state for various offences. The offences ranged from selling fuel above the government approved pump price of N97 per litre, operating...

    • Posted April 28, 2013
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  • Abuja Municipal, Gwagwalada, Bwari top FCT Area councils’ revenue allocation

    Abuja Municipal Area Council (AMAC), Gwagwalada Area Council and Bwari Area Councils topped the revenue allocation distributed by the FCT Area Councils Joint Account Allocation Committee (JAAC) for the month of March 2013. The Honourable Minister of...

    • Posted April 28, 2013
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  • SEC Suspends Two Capital Market Operators

    Two Nigerian stock broking firms- Vision Trusts and Investment Limited and AIMS Asset Management Limited have been suspended from participating in capital market activities by the Securities and Exchange Commission, SEC. The capital market regulator said the...

    • Posted April 28, 2013
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  • Lagos policy implementation on water supply, sanitation will benefit Imo citizens – Asugha

    The Special Assistant to the Imo State governor on Lagos/Southwest Liaison, Hon. Lisa Asugha has said that the move to implement policy on water supply and sanitation by the Lagos State government, which would aim at re-inventing...

    • Posted April 27, 2013
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  • NSE market indices record further depreciation

    Weekly transactions on the Nigerian Stock Exchange (NSE) closed on bearish note on Friday as the market indices depreciated further. The News Agency of Nigeria (NAN) reports that the market indices dropped by 0.34 per cent following...

    • Posted April 26, 2013
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  • Globacom, Huawei sign $750m network expansion deal

    Following the take-off the Mobile Number Portability (MNP), Nigeria’s telecommunications outfit, Globacom Nigeria Limited has expressed its desire to retain millions of subscribers on its network, while attracting new ones The company made this known on Thursday...

    • Posted April 26, 2013
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  • Money Laundering: EFCC Raids Dubai estate firm

    The Special Control Unit Against Money Laundering, SCUML of Nigeria’s Economic and Financial Crimes Commission on Tuesday arrested officials of a real estate firm and two hotels in Abuja for non-compliance with extant regulations mandating Designated Non-...

    • Posted April 24, 2013
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