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All posts by BusinessNews Staff

  • Transparency International denies ‘Transparency in Nigeria’

    Transparency International, a global body against corruption, has denied that Transparency in Nigeria, TIN, is affiliated to it. This is the second time in two years that the body is issuing such rebuttal. Established in 1994, TIN...

    • Posted April 13, 2013
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  • Facebook founder, Mark Zuckerberg, to speak at Nigeria Youth Summit in May

    The founder of Facebook, one of the most popular social network platforms, Mark Zuckerberg, is billed to visit Akwa Ibom State next month. Zuckerberg is one of the guest speakers invited for a youth economic summit organized...

    • Posted April 13, 2013
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  • NCC lifts ban on promotions on Airtel, Globacom, Etisalat

    The Nigerian Communications Commission (NCC) has lifted the ban placed on promotions on Airtel, Globacom and Etisalat networks, Mr Tony Ojobo, the NCC Director of Public Affairs, has said. He told the News Agency of Nigeria (NAN)...

    • Posted April 12, 2013
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  • Banks defrauded customers of N6b in 2012 – Sanusi

    Central Bank of Nigeria (CBN) said it has recovered over N6 billion for customers that were cheated by banks in the last one year. CBN Governor, Sanusi Lamido Sanusi, who disclosed this on Thursday, said the feat...

    • Posted April 12, 2013
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  • Fuel scarcity looms in Lagos, other states

    A major fuel shortage is imminent in the country as a result of the inability of the Nigerian National Petroleum Corporation, NNPC, to pump the product to five depots. This was attributed to the breakdown of system...

    • Posted April 12, 2013
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  • Nigeria needs N360billion to provide potable water to the country – Minister

    The Minister of Water Resources, Sarah Ochekpe had on Thursday stated that an estimated N360 billion would be required for Nigerians to begin to enjoy potable water from now till 2015. Ochepke however told the party that...

    • Posted April 12, 2013
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  • Abia state introduces new methods to improve internal revenue

    UMUAHIA- To improve its internally generated revenue and abolish double taxation, Abia state Government has introduced a revenue generating method known as Consolidated Assets and Resources Inventory System . The system entails the enumeration of all buildings...

    • Posted April 11, 2013
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  • NEMA to establish emergency media centre

    The National Emergency Management Agency,NEMA, is working towards the establishment of National Emergency Information Centre, NEIC, for timely response to media enquiries on disasters and emergency occurrences in Nigeria. The Head of Public Relations of the agency,...

    • Posted April 11, 2013
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  • NSE’s market capitalisation slides further by N136bn

    Transaction on the trading floor of the Nigerian Stock Exchange continued on a downward note yesterday, as more bluechip companies join the league of losers, resulting to a further slide in market capitalization by N136 billion.. Specifically,...

    • Posted April 11, 2013
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  • Shareholders delay kick-off of NLNG’s Train Seven project

    NIGERIA Liquified Natural Gas Limited (NLNG) has attributed the delay in the kick-off of Train-Seven LNG project to the inability of the company’s shareholders to take the Final Investment Decision (FID). According to the company in its...

    • Posted April 11, 2013
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