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All posts by BusinessNews Staff

  • ‘Nigeria spent N300bn on technology transfer agreements in 10 years’

    In this interview, the director general of the National Office for Technology Acquisition and Promotion (NOTAP), says billions of naira are spent annually not only on imports but also on technology transfer agreements, adding that indigenous technologies...

    • Posted April 6, 2011
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  • Africa receives $40bn in remittances in 2010

    African immigrants sent home over $40 billion (N6 trillion) in remittances last year, according to a new joint report by the World Bank and African Development Bank. This figure is down from $41 billion in 2008 and...

    • Posted April 6, 2011
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  • Asset Corporation issues N1.7tr tradeable bonds today

    The Asset Management Corporation of Nigeria (AMCON) will today issue about N1.7tr bonds to further strengthen the financial system. The sum will comprise of N1.1tr to replace the initial consideration bonds issued to 21 banks on December...

    • Posted April 6, 2011
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  • Central Bank closer to target on bad debts

    The Central Bank of Nigeria, yesterday, said it is closer to achieving its target ratio of less than 5 percent of nonperforming loans in the country’s financial sector, with the successful acquisition of all bad debts of...

    • Posted April 6, 2011
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  • Afribank signs MoU with core investors

    Afribank Nigeria Plc has signed a Memorandum of Understanding (MoU) with Vine Capital Partners Limited and Phoenix Acquisition Company Limited. It is the outcome of some negotiations which started since last year. Afribank said in a statement...

    • Posted April 6, 2011
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  • Stakeholders task new NSE DG on transparency, investors’ confidence

    THE  Registrar/Chief Executive officer,  Institute of Capital Market Registrars, Dr. David Ogogo,  yesterday, advised the new Director-General of  the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema to adhere strictly   to laid down rules and regulations as...

    • Posted April 5, 2011
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  • Bharti Airtel makes top five firms in Corporate Reputation

    New Delhi –  Bharti Airtel, a leading global telecommunications company with operations in 19 countries across Asia and Africa, has been ranked amongst the top five firms in Corporate Reputation in India. The current ranking of companies...

    • Posted April 5, 2011
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  • NCR presents new ATM solutions to banking industry

    NCR Nigeria recently organised a self-service innovation forum in Lagos for stakeholders of the financial industry. During the event, financial institution participants as well as NCR resellers and industry players in the country were given the opportunity...

    • Posted April 5, 2011
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  • Exploring money-making opportunities in sesame seed

    The non-oil export is currently the highest contributor to Nigeria’s foreign exchange earnings. The latest statistics from the Nigerian Export Promotion Council shows that Nigeria raked in N345bn as proceeds from the non-oil exports from January to...

    • Posted April 5, 2011
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  • Multilinks acquisition: Subscribers want

    Following the acquisition of MultilinksTelkom by Visafone, subscribers on Multilinks networks have asked Visafone to maintain the former’s good quality of service at affordable tariffs. Visafone had, on Friday in Johannesburg, South Africa, acquired the mobile asset...

    • Posted April 5, 2011
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