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All posts by BusinessNews Staff

  • Why Jonathan refused to sign 2012 budget, Budget committees to meet this week

    “BusinessNews” gathered authoritatively that the President discovered some technical errors in the document. Budget Office and National Assembly committees may meet this week to look into the document and make necessary corrections. It will be recalled that...

    • Posted April 2, 2012
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  • WORKSHOP ON CORRUPTION: NESG Restates Commitment to Ethical Business Practices

    The NESG in conjunction with the United Nations Global Compact and the Siemens Integrity Initiative today in Abuja held a National Stakeholders Workshop on corruption at the Transcorp Hilton hotel. The workshop tagged “Openness & Transparency: A...

    • Posted March 26, 2012
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  • OTEHGATE: Shocking Example Of Government Corruption

    Like many other Nigerians, I was partly distressed and partly overjoyed when I watched the exchange of words between the SEC boss, Aruma Oteh and Herman Hembe, Chairman for the House Committee on Capital Markets. Honourable Hembe...

    • Posted March 19, 2012
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  • Goldman Sachs Muppetgate: A Lesson for Nigeria’s Corporate World

    Editors Note: This guest post is written by Michael Irene, he is a creative writing doctoral student at Anglia Ruskin University, Cambridge. I was drawn to the article “Why I left Goldman Sachs” by Greg Smith and...

    • Posted March 19, 2012
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  • Power Breakdown Disrupt Flights in Nigeria

    Airline operations  were shut down last night at the Nnamdi Azikiwe International Airport, Abuja due to  power breakdown which destroyed the air field lighting, as well as runway and taxi lights. The breakdown led to an immediate...

    • Posted March 14, 2012
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  • Nigeria’s GDP rises to 7.68% in last quarter of 2011 – NBS

    Nigeria’s economy grew 7.68 percent in the fourth quarter last year, faster than the 7.40 percent in the previous quarter, the national bureau of statistics (NBS) said on Tuesday. Nigeria’s oil production fell to an average of...

    • Posted March 13, 2012
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  • Senate Faults DPR Over Failed Project

    The Senate has castigated the Department of Petroleum Resources, DPR, over its failure to install gas pipelines that will boost  gas supply in the country. A committee headed by  Senator Nkechi Nwoagu  had summoned DPR to explain...

    • Posted March 13, 2012
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  • Nigeria to be hit with another Fuel Scarcity as NUPENG Threatens Strike

    There is no doubt that the ultimatum given to the Federal Government by the Nigeria Union of Petroleum and Natural Gas Workers will expire on Wednesday, yet no agreement has been reached on the matter as at...

    • Posted March 12, 2012
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  • NESG Delegation Meet President Kagame OF Rwanda

    As part of its commitment  to provide opportunities for its membership to access new markets, create business linkages and expand their business horizons, the Nigeria Economic Summit Group( NESG) led 15 man  delegation on a  5 day...

    • Posted March 12, 2012
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  • NESG Partners States And Foreign Investors On Agriculture

    The Nigerian Economic Summit Group (NESG) in line with its strategic partnership with the US Corporate Council for Africa, the Federal Ministry of Agriculture and the Nigerian Embassy in the US, yesterday in Lagos held a meeting...

    • Posted March 12, 2012
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