Don't Miss


All posts by BusinessNews Staff

  • Central Bank of Nigeria
    Central Bank yet to approve investors for rescued banks

    The Central Bank of Nigeria (CBN) has said that so far, it is has not granted any approval for any bank to sign Memorandum of Understanding (MoU). The regulator, in a statement by its spokesperson, Mohammed Abdullahi,...

    • Posted March 29, 2011
    • 0
  • Director General of the (NCAA), Dr Harold Olusegun Demuren
    Our goal is to ensure zero accident, zero fatality in our airspace, says Demuren

    The Director General of the Nigerian Civil Aviation Authority(NCAA), Dr Harold Olusegun Demuren recently spoke on various issues affecting the industry in Nigeria  as it affects airlines, the agencies including the one from where he calls the...

    • Posted March 29, 2011
    • 0
  • Central Bank of Nigeria
    CBN yet to approve MoUs of rescued banks

    LAGOS – TWO years after the Central Bank of Nigeria, CBN, intervened in eight banks, sacked their former managements and installed new ones, Vanguard can authoritatively reveal. This came just as the Central Bank said it has...

    • Posted March 29, 2011
    • 0
  • CRUDE-OIL
    Oil search: Why Nigeria is intensifying surveys in river basins

    Nigeria is intensifying surveys in the eight River Basins in the country with a view to opening up frontier exploration, with a view to attaining the 40 billion barrels reserves and four million barrels daily crude oil...

    • Posted March 29, 2011
    • 0
  • NSE
    Major losses drag down indices by 0.9%

    Major losses recorded by companies on the Nigerian Stock Exchange on Monday further dragged down market indicators at the close of trading. For Instance, Japaul Oil and Maritime Services Plc led the price losers’ chart, shedding five...

    • Posted March 29, 2011
    • 0
  • Communications Satellite Limited
    NigComSat inaugurates Servicom unit

    The Nigerian Communications Satellite Limited has inaugurated its Servicom unit to help employees improve on service delivery to its numerous customers. This, according to a statement on Monday, is in line with global best practices and the...

    • Posted March 29, 2011
    • 0
  • Inter bank
    e-Payment: Infrastructure duplication hindering cheaper transactions – NIBSS

    The Managing Director, Nigeria Inter-Bank Settlement System, operator of the Nigerian Central Switch, Mr. Paul Lawal, has said that the multiplicity of infrastructure and investments is the bane of cheap electronic payment services in Nigeria. Speaking in...

    • Posted March 29, 2011
    • 0
  • Human resource development
    Human resource development will help revamp economy -Odu’a GMD

    Human resource development has been said to be indispensable for the development of any economy. This was disclosed recently by the Group Managing Director (GMD) of Odu’a Investment Company, Mr Adebayo Jimoh, in a speech  delivered at...

    • Posted March 29, 2011
    • 0
  • Standards Organisation of Nigeria
    SON seizes containers of substandard second-hand cylinder

    Standards Organisation of Nigeria (SON) recently seized 4-feet container load of substandard second-hand cylinders. Mr Suleiman Isa,  Head of Enforcement, SON, disclosed in Lagos while showing journalists round some of the seized substandard items, including cylinders that...

    • Posted March 29, 2011
    • 0
  • NUHU-WYA-Minister_for_State_Power_Ministry
    FG to rehabilitate power plants before privatisation commences

    The Federal Government has announced plans to rehabilitate all power generating stations in the country before the generating plants are transferred to the successful private investors. Speaking at the commissioning of a hydrogen power project in Lagos...

    • Posted March 29, 2011
    • 0