All posts by BusinessNews Staff

• Traders lament farm lands acquisition by foreign

  The National Association of Nigerian Traders (NANTS) has decried the spate of land acquisition by foreign governments and interests in Nigeria and other developing countries. Relying on the United Nations report on this development, the President of...

  • Posted March 26, 2011
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• ‘Nigeria loses N153b yearly to software licensing’

  Nigeria is losing N153 billion ($1 billion) annually to software licensing, delivery services and technical support in Information and Communication Technology (ICT), it was revealed yesterday. According to the President of the Institute of Software Practitioners of...

  • Posted March 26, 2011
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• Pay Fed Govt’s N640b debt, NEITI tells NNPC

  The Chairman of the Nigeria Extractive Industry Transparency Initiative (NEITI), Prof. Assisi Asobe, yesterday urged the Nigerian National Petroleum Corporation (NNPC) to pay into the Federation Account the remittances it is withholding. Speaking with newsmen in Abuja,...

  • Posted March 26, 2011
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• Fidelity rolls out finance scheme for doctors

  Fidelity Bank Plc has rolled out an interventionist product that is intended to provide a solid financial backbone for effective medical practice in the countyr and restore confidence into the nation’s health care delivery system. The product,...

  • Posted March 26, 2011
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• ‘Land reforms targeted at title acquisitions’

  THE Lagos State Government new excision reforms on towns, villages, settlements and communities are to bring orderliness to the titling of excised lands in the state,Chairman of the Technical Committee on Excision/Senior Special Assistant to Governor Babatunde...

  • Posted March 26, 2011
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• CBN to introduce Biometric ATM cards to check fraud

  To check ATM frauds, the Central Bank of Nigeria (CBN) is set to introduce biometric ATMs in the country. Answering questions from journalists at the end of the Monetary Policy Committee meeting in Abuja yesterday, the CBN...

  • Posted March 26, 2011
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• Nigeria to cut crude loadings by 1.5% in May

  Nigeria, a favoured supplier of oil to the united States refiners, will cut daily exports of 14 main grades by 1.5 per cent in May from April, according to loading programs obtained by Bloomberg News. The largest...

  • Posted March 26, 2011
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• Naira firms, yields rise after rate hike

  THE naira firmed against the United States dollar and inter-bank lending rates rose yesterday after the Central Bank hiked its key interest rate by a surprise 100 basis points to 7.5 per cent, traders said. The naira,...

  • Posted March 26, 2011
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• 2011 Budget unimplementable, says Aganga

  In what appears to be the executive’s first reaction to the newly passed 2011 Appropriation Bill by the National Assembly, the Minister of Finance, Mr Olusegun Aganga, has described what the legislators are proposing as unimplementable. The...

  • Posted March 26, 2011
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• Misconceptions in PPP, a challenge in water sector, says IFC

  THE International Finance Corporation (IFC) has identified misconceptions about public-private partnerships (PPP) in the water sector as a challenge hindering efforts to solve supply and distribution problems. The corporation stated this in Handshake, a new peer-review publication...

  • Posted March 26, 2011
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