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All posts by BusinessNews Staff

  • Foreign Firm Offers Low-Interest Loans to Small Businesses

    Oikocredit, an international lender, operating in over 80 countries of the world, has promised to pursue a single-digit interest rate regime for small businesses operating in Nigeria. The company, which opened its Nigerian office, last week, stated...

    • Posted April 4, 2011
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  • Stakeholders List Gains of SEC’s Intervention in NSE

    Some stakeholders have said the intervention of the Securities and Exchange Commission (SEC) last August has brought positive changes to the market. This is coming as the Interim Administrator of the Nigerian Stock Exchange (NSE), Mr. Emmanuel...

    • Posted April 4, 2011
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  • NSE’s New CEO Resumes Monday

    Nigerian equities opened the new quarter last Friday on a positive note as news filtered into the market that  Mr. Oscar Onyeama will resume Monday, April  4, as the substantive Chief Executive Officer (CEO) of the Nigerian...

    • Posted April 4, 2011
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  • FG realised $882m from cocoa export in 2010

    The Federal Government realised $882,812,813 from the exportation of Cocoa in 2010, the Nigerian Export Promotion Council (NEPC) has disclosed. The Executive Director/ Chief Executive officer of NEPC, Mr David Adulugba, presenting a key note address at...

    • Posted April 4, 2011
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  • 2011 budget and its many challenges

    Overtime, the nation’s budget has become an object of intrigues and bickering from preparation to assent by the President. This has become the trend since the last decade. Undoubtedly, this development has led to avoidable delay which...

    • Posted April 4, 2011
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  • Oando records 77% growth in profit

    Oando PLC – listed on both the Nigerian and Johannesburg Stock Exchange – at the weekend announced a group profit-before-tax of N23billion for the full year ended Decembe 31, 2010. This represents 77 per cent increase compared...

    • Posted April 4, 2011
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  • Jonathan approves second phase of rail repairs

    President Goodluck Jonathan has okayed the rehabilitation of the second phase of the nation’s rail networks. The approval covers the rail line from Port Harcourt, Rivers State to Maiduguri, Borno State, Transport Minister, Alhaji Yusuf Suleiman disclosed...

    • Posted April 4, 2011
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  • SEC retains interim members on NSE Council

    The Securities and Exchange Commission (SEC) has directed the Council of the Nigerian Stock Exchange (NSE) to admit some professionals, as public interest members, to strengthen the Council and support its new management team. A statement from...

    • Posted April 4, 2011
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  • Bank executives’pay not regulated, says CBN

    The Central Bank of Nigeria (CBN) has said it will not interfere with banks’mechanisms for determining executive compensations despite global demand that financial institutions match directors ’paywith performance. CBN Deputy Governor, Financial Systems Stability, Kingsley Moghalu, who...

    • Posted April 4, 2011
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  • Aganga, Fashola for CIBN, NES forum on national budget

    Dr. Olusegun Aganga, Minister of Finance and Mr. Babatunde Raji Fashola, SAN, Governor of Lagos State, are among top level dignitaries from the public and private sectors of the economy that will participate at a special forum...

    • Posted March 30, 2011
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