All posts by BusinessNews Staff

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  Nigeria debt is in good shape – Okonjo Iweala

  With a debt profile of $39.7 billion the, Co-ordinating Minister of the Economy and Minister of Finance Dr .Ngozi Okonjo-Iweala on Tuesday says Nigeria debt is in very good shape. The minister in her maiden address to...

  • Posted August 24, 2011
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  UK mobile money outfit Monitise gets Nigerian License

  UK mobile money outfit Monitise is ready to roll out its platform in Nigeria after getting a licence from Central Bank of  Nigeria. Having secured a provisional licence late last year, the vendor has been laying the...

  • Posted August 23, 2011
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  Airlines, others owe Aviation Agencies N32.4b – NCAA

  Aviation agencies are owed N32.4 billion by airlines, oil marketers, ground handling companies, and government agencies, which account in part for the poor facilities at the airports and in turn endanger the lives of fliers. The debt...

  • Posted August 22, 2011
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• Okonjo Iweala to peg recurrent expenditure at below 50 per cent by 2013

  The Minister of Finance, Dr Ngozi Okonjo Iweala, has unfolded her economic agenda designed to meet the aspiration of President Goodluck Jonathan for the transformation of the Nigerian economy in the next four years. A document available...

  • Posted August 22, 2011
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  Helios Investment Partners Set to Acquire Valucard

  After its successful acquisition of a two thirds stake in Interswitch Nigeria Limited, a leading electronic transaction switching and payment processing service provider in Nigeria last year, Helios Investment Partners LLC is set to expand its reach...

  • Posted August 21, 2011
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  Tenaris to acquire 40pct stake in Pipe Coaters Nigeria Limited

  Tenaris announced that it has reached an agreement with Prime Investment & Corporate Services Limited to acquire a 40% stake in Pipe Coaters Nigeria Limited, a Nigerian company located in the Onne Oil & Gas Free Zone....

  • Posted August 19, 2011
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• Nigeria Bond Yields Rise on CBN’s Rate Increase

  Nigeria’s three and four-year borrowing costs rose at a bond auction today in the first sale since the central bank increased its benchmark interest rate. Sub-Saharan Africa’s second-biggest economy sold 70 billion naira ($455.4 million) of bonds...

  • Posted August 18, 2011
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  AeroMechanical Services Installs Second Operations Centre In Nigeria

  CALGARY, Alberta — AeroMechanical Services Limited (TSX.V: AMA) (the “Company” or “AMA”) has received payment for the establishment of a second Operations Centre (“OC”) at a new state-owned and operated airport in Nigeria. The airport will use...

  • Posted August 18, 2011
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  PHCN to pay N19 billion for properties along transmission lines

  The Federal Government through the Board of the Power Holding Company of Nigeria (PHCN), yesterday approved a budget of N19 billion as compensation on property, crops and land along transmission lines across the country. The Federal Government...

  • Posted August 17, 2011
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  Investors show renewed interest in Nationalised Banks

  Three investors have joined the league of firms seeking to buy the three nationalised banks – Mainstreet Bank, Keystone Bank and Enterprise Bank – including one that had earlier bidded for the defunct Springbank Plc – now...

  • Posted August 16, 2011
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