All posts by BusinessNews Staff

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  Helios Investment to acquire Oando Gas & Power for $115.8m

  Oando Plc has executed a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP, a premier Africa-focused private investment firm, to acquire 49 per cent of the voting rights in Oando’s midstream...

  • Posted September 21, 2016
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  CBN moves to prevent banks’ exposure on e-Payment solutions

  The Central Bank of Nigeria (CBN) said it has observed the growing exposure of banks on payment solutions service providers’ (PSSPs) platform, due to operational failures. Therefore, in furtherance of its responsibility for effective oversight of the...

  • Posted September 21, 2016
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  Bank of Ghana holds interest rates

  Ghana’s inflation will fall faster towards government targets than expected, the head of the central bank said on Monday, raising prospects of a cycle of interest rate cuts as it held benchmark borrowing costs at 26.0 percent....

  • Posted September 21, 2016
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  Manufacturers back Adeosun’s call for interest rate cut

  The Minister of Finance, Mrs. Kemi Adeosun, has called on the Central Bank of Nigeria to lower interest rate so that the government can borrow domestically to boost the economy without increasing debt servicing costs. While reacting...

  • Posted September 21, 2016
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  Banks to close branches as recession bites hard

  A number of Deposit Money Banks in the country will close many of what they described as unprofitable branches as the economic recession continues to bite harder, investigation by our correspondent has shown. It was similarly gathered...

  • Posted September 21, 2016
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  Nigeria will lose $1.3tn to ECOWAS/EU economic pact – MAN

  The Manufacturers Association of Nigeria has declared that the country risks a loss of $1.3tn in tariff revenue if it signs the Economic Community of West African States/European Union Economic Partnership Agreement. The President, MAN, Dr. Frank...

  • Posted September 21, 2016
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  NBS puts investment inflow at $1.04bn

  The National Bureau of Statistics on Sunday released a revised version of the capital importation report for the second quarter, with estimated investment inflow of $1.04bn. The investment inflow represents an increase of 46.58 per cent over...

  • Posted September 20, 2016
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  FIRS registers 700,000 fresh taxpayers

  The Federal Inland Revenue Service said it had registered about 700,000 new corporate taxpayers in the last one year in a bid to widen the tax net and boost government revenue. The agency also said it had...

  • Posted September 20, 2016
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  Nigeria will start getting out of recession in Q4 – Emefiele

  The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has predicted that the nation’s economy will likely come out of recession by the fourth quarter of this year when the result of the various measures...

  • Posted September 20, 2016
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  FG to probe banks for non-remittance of taxes

  The Federal Government is set to appoint about 150 firms as consultants to probe revenues collected by banks on behalf of the Nigeria Customs Service and the Federal Inland Revenue Service between July 2012 and December 2015....

  • Posted September 20, 2016
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