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All posts by BusinessNews Staff

  • 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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  • 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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  • ‘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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  • Search | Advanced search Home | Business | Transcorp: NSE calls for ‘all parties meeting’ Transcorp: NSE calls for ‘all parties meeting’

    The Nigerian Stock Exchange (NSE) has called for a meeting of stakeholders in the sale of Transnational Corporation of Nigeria (Transcorp) shares on the floor of the exchange last week Friday. The date and venue of meeting...

    • Posted April 7, 2011
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  • AMCON bonds won’t need Fed Govt’s guarantee, says MD

    With the expected recovery from debtors and the sinking fund to be contributed by banks and the Central Bank of Nigeria (CBN), the Asset Management Corporation of Nigeria (AMCON), would not need the Federal Government’s guarantee for...

    • Posted April 7, 2011
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  • Nigerian firm wins N18b Air Force deal in S’Africa

      A South African aviation company, AdoAir Aviation Group, owned by a Nigerian businessman, has won a luxury aircraft supply and maintenance contract worth about　 N18. 4billion　 from the South African Air Force (SAAF). The deal, which...

    • Posted April 7, 2011
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  • NLC to tackle states on minimum wage

    The Nigeria Labour Congress (NLC) has said it is prepared to engage states in the implementation of the N18,000 National Minimum Wage. NLC President, Comrade Abdulwaheed Omar, who was represented by the National Secretary of the Bankers...

    • Posted April 7, 2011
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  • PENGASSAN threatens industrial action over plan to sack members

    The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday urged management of Phillips Oil Company Nigeria Ltd. (ConocoPhillips), an upstream operator, not to sack Nigerian workers. Rev. Folorunso Oginni, Chairman of Lagos State...

    • Posted April 6, 2011
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  • We won’t interfere in banks’ mergers, acquisitions – CBN

    BY Emma Ujah, Abuja Bureau Chief & Regina Otokpa ABUJA — The Central Bank of Nigeria, CBN, said yesterday, that final decisions on Mergers and Acquisition, M&A, of banks rested with shareholders and that it would not...

    • Posted April 6, 2011
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  • FG urged to formulate Nigerian mobile commerce strategy

    Federal government should formulate a Nigerian Mobile Commerce Strategy (NMCS), in order to determine what the platform would be used for. Over 120 identity management and electronic payment experts and stakeholders at the Ennovators Breakfast series organised...

    • Posted April 6, 2011
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