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All posts by BusinessNews Staff

  • NCC arrests 75 agents running illegal Sim cards registration

    National Communications Commission (NCC), said it has arrested 75 agents operating Sim Card registration for engaging in fraudulent practices. Five of the agents were apprehended in Minna, will the remaining 70 were arrested in other states in...

    • Posted February 14, 2013
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  • Total budgets over $22b on upstream operations in 2013

    The oil giant, Total, Wednesday, unfolded plan to spend more than 80 per cent out of $28 billion of its organic investment budget on upstream activities in 2013. The French major said its 2012 fourth quarter full...

    • Posted February 14, 2013
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  • FG Uncovers 45,000 Ghost Workers

    The Federal Government says it discovered 45, 000 ghost workers from 251 Ministries, Depatments and Agencies of government under the integrated Payroll and Personal Information system, IPPIS. This was disclosed by the Minister of state for Finance,...

    • Posted February 14, 2013
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  • I’m not indebted to AMCON – Babalakin

    Bi-Courtney Limited (BCL) yesterday refuted claims that it owes the Asset Management Corporation of Nigeria (AMCON) N13.9 billion. According to BCL’s Chairman, Dr. Wale Babalakin, who addressed a press conference at the same premises purportedly taken over...

    • Posted February 12, 2013
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  • SEC appoints First Bank as lending agent for NSE’s transactions

    The  Securities and Exchange Commission (SEC) may have appointed First Bank of Nigeria as a Securities Lending Agent (SLA) for equities and bond transactions on the Nigerian Stock Exchange (NSE). With the appointment, First Bank has joined...

    • Posted February 12, 2013
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  • AfDB plans $1.5b projects for Niger Delta, FCT

    The African Development Bank (AfDB) is to spend $1.5 billion on projects in the Niger Delta region, Abuja and some states, the bank’s representative in Nigeria, Dr. Ousmane Dore, has said. He told The Nation that the...

    • Posted February 11, 2013
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  • South-East summit targets N50 billion MDGs support trust fund

    Secretary to the Government of the Federation (SGF), Senator Anyim Pius Anyim, Minister for Finance, Dr. Ngozi Okojo-Iweala, are among other personalities in the South-East expected to participate in a-two day summit in Owerri Imo state where...

    • Posted February 10, 2013
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  • Mobil Producing Nigeria declares Force Majeure

    Mobil Producing Nigeria, operator of the Nigerian National Petroleum Corporation, (NNPC)/MPN Joint Venture today confirms that it has declared a Force Majeure due to the difficulty in meeting projected liftings because of repair work on a section...

    • Posted February 8, 2013
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  • Nigeria Stock Exchange Watch: ASI sheds 0.7% on profit taking

    Profit taking by some investors halted the seven days of bullish run in the equities segment of the Nigerian Stock Exchange. The NSE All-Share Index fell by 0.72 per cent to close at 33,219.20 points, as against...

    • Posted February 7, 2013
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  • CBN Disburses N181bn Power, Airline Intervention Fund

    The Central Bank of Nigeria (CBN) said it has disbursed a total of N181.42 billion under its Power and Airline Intervention Fund (PAIF), as at December 31, 2012. The banking sector regulator disclosed this in a chart...

    • Posted February 7, 2013
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