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All posts by BusinessNews Staff

  • OSHIOMHOLE ADAMS
    Leave agriculture to states, Oshiomhole urges FG

    Governor Adams Oshiomhole of Edo State has urged the Federal Government to leave agriculture in the hands of state governments. Oshiomhole, who spoke on Wednesday during the delegates, conference of the state chapter of the Nigeria Labour...

    • Posted April 7, 2011
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  • BDCs
    Polls: Politicians in huge cash transfer deals with BDCs – Investigation

    Politicians seeking elective posts have been transferring huge amounts of cash from foreign countries into Nigeria, mainly through Bureau de Change accounts, investigation by our correspondent has revealed. The BDC accounts, called “Aboki accounts” among the operators,...

    • Posted April 7, 2011
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  • pix201008041592015
    FG may reduce recurrent expenditure to 6% of GDP

    The Federal Government may peg the recurrent expenditure of all ministries, departments and agencies of government at six per cent of the country’s Gross Domestic Product. A report of the Expenditure Review Committee, which was submitted to...

    • Posted April 7, 2011
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  • Minister of National Planning
    FG Mandates Implementation of Vision 2020 in States

    When passed into law, the bill on Development Planning and Project Continuity currently before the National Assembly will mandate all tiers of government to draw up and implement medium term development plans on consistent basis. This is...

    • Posted April 7, 2011
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  • NSE
    Transcorp’s Price Rally Continues, Hits N1.33

    The shares of Transnational Corporation of Nigeria Plc (Transcorp) rallied further Wednesday at the stock market as investors continued to react favourably to the acquisition of a significant stake in the company by Heirs Holdings Limited last...

    • Posted April 7, 2011
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  • Assets Management Corporation of Nigeria
    Rescued Banks Intensify Debt Recovery Drive

    Rescued banks in the country have intensified their debt recovery drive ahead of the June, 2011 recapitalisation deadline that has been fixed by the regulator. Despite the activities of the Assets Management Corporation of Nigeria (AMCON), THISDAY...

    • Posted April 7, 2011
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  • Intercontinental Bank
    Intercontinental Bank kicks off 1-save 1-win promo

    In continuation of its industry leadership in rewarding its customers, Intercontinental Bank has kicked-off I-Save I Win promo. Apart from an instant gift on lodgment of a minimum deposit, various prizes ranging from a flat in the...

    • Posted April 7, 2011
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  • Central Bank of Nigeria
    Nigeria targets 5% bad loan ratio for banks

    THE Central Bank of Nigeria (CBN) has said that it would target a non-performing loan ratio of 5 per cent across the banking sector after Asset Management Corporation of Nigeria (AMCON) absorbed lenders’ existing bad loans. AMCON...

    • Posted April 7, 2011
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  • NSE
    Dangote Cement pays N65.8b dividend

    DANGOTE Cement Plc (DCP), a member of the Dangote Group, has announced a total dividend payout of N65.84 billion in the financial year ended December 2010. This translates to N4.25 kobo per share. The dividend comprises an...

    • Posted April 7, 2011
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  • National Planning Commission
    ‘Jonathan’ll send budget early if elected’

    President Goodluck Jonathan, if elected after the April polls, will send the 2012 budget early to the National Assembly to avoid projects’ execution delay, Minister/Deputy Chairman, National Planning Commission (NPC), Dr. Shamsuddeen Usman, has said. In an...

    • Posted April 7, 2011
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