All posts by BusinessNews Staff

• Taming inflation in an election year

  The Central Bank of Nigeria, in a bid to curb public spending ahead of the general elections in April, has again increased the lending rate from 6.5 per cent to 7.5 per cent. In this report, IFEANYI...

  • Posted March 27, 2011
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• Survey: 38% of Nigerians Have Bank Accounts

  Despite the aggressive campaign embarked by banks and various reform exercises in the banking industry, the total number of Nigerians that have bank accounts has been put at 38 per cent, a 2010 National poll that was...

  • Posted March 27, 2011
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• Police, PHCN Named as Most Corrupt Institutions

  The Nigeria Police Force (NPF) and the Power Holding Company of Nigeria (PHCN) are perceived by majority of Nigerians as the most corrupt institutions in the country, the 2010 National poll that was jointly organised by NOI-Gallup...

  • Posted March 27, 2011
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• PPMC Places Order for Shiploads of Petrol

  Ahead of the April general elections, the Pipelines and Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has placed orders for delivery of shiploads of petrol to the market. Also, major and...

  • Posted March 27, 2011
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• FCTA Awards N10bn Contract for Satellite Roads

  The Federal Capital Territory Administration (FCTA) has awarded contracts valued at about N10 billion for road construction in the six area councils in the FCT.  Minister of FCT, Senator Bala Mohammed, disclosed this while addressing Peoples Democratic Party...

  • Posted March 27, 2011
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• UN: Africa’s Urbanisation Faster than Water

  The United Nations has revealed that the number of people without access to adequate water and sanitation facilities in Africa has risen swiftly in recent decades as the continent’s rapid urbanisation outpaced its capacity to provide the...

  • Posted March 27, 2011
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• ‘Chinese Investments Boost Nigerian Economy’

  A trader has said the establishment of the China market has helped to attract Chinese investments to Nigeria. General Manager, Ojota China Market, Mr. Julius Solomon made this remark while speaking with newsmen as part of the activities...

  • Posted March 27, 2011
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• NASSI to Launch Loans for Member Firms

  The Nigerian Association of Small Scale Industrialists (NASSI) is set to launch a Guarantee scheme of its member firms.   The President of the body, Mr Chuku  Wachuku, who made the disclosure in Lagos Wednesday said the programme...

  • Posted March 27, 2011
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• CBN, Credit Bureaux Plan Identification Scheme

  As part of efforts aimed at enhancing the flow of credit in the country, the Central Bank of Nigeria (CBN) and operators of Credit Bureaux in the country are considering the introduction of a unique means of identification...

  • Posted March 27, 2011
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• Equities Regain N301bn in Four Days

  Nigerian equities sustained their positive run at the stock market for the fourth day Wednesday, recovering N301 billion in the process. The market, which witnessed an unprecedented bear run recently began  its recovery last Friday. Operators had attributed the...

  • Posted March 27, 2011
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