All posts by BusinessNews Staff

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  Nigeria paying for bad savings culture – ICAN

  The President, Institute of Chartered Accountants of Nigeria, Mr. Titus Soetan, said on Thursday that the current economic recession in the country would have been avoided if substantial savings had been made into the Excess Crude Account...

  • Posted September 17, 2016
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  UN to establish aviation security training schools in Nigeria

  The United Nation has unveiled plans to set up two aviation security training schools in Nigeria as part of measures aimed at supporting the nation’s counter-terrorism efforts. The move will also assist in providing a robust national...

  • Posted September 17, 2016
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  Swiss firms selling dirty fuel to Nigeria – Group

  A civil rights organisation, Africa Network for Environment and Economic Justice, has raised the alarm that two companies based in Switzerland, Vitol and Trafigura, are allegedly engaged in the importation of dirty fuel to Nigeria. The ANEEJ...

  • Posted September 17, 2016
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  Budget: FG to raise $1bn via Eurobond in November

  In order to finance the 2016 budget, the Federal Government is to raise $1bn through the issuance of Eurobonds by November, investigation has shown. The amount to be raised from the international bonds market is part of...

  • Posted September 16, 2016
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  We’ve not given Ajaokuta to foreign investors – Fayemi

  The Federal Government on Wednesday said it had not conceded the control of the Ajaokuta Steel Company to any foreign firm, describing insinuations to that effect in some quarters as misleading. The government, which also expressed concern...

  • Posted September 16, 2016
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  Arik resumes operations, FG undecided on aviation sector palliatives

  Air travellers avoided the ticketing and reservation counters of Arik Air on Wednesday despite the fact that the airline commenced skeletal operations in the afternoon at the Nnamdi Azikiwe International Airport Abuja. Arik, Nigeria’s largest commercial airline,...

  • Posted September 16, 2016
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  BPE advises power firms to borrow from abroad

  The Acting Director-General of the Bureau of Public Enterprises, Dr. Vincent Akpotaire, has advised electricity companies carved out of the defunct Power Holding Company of Nigeria to borrow from foreign and local sources to improve electricity generation...

  • Posted September 16, 2016
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  20 stocks record losses as market appreciates by N22bn

  Trading on the floor of the Nigerian Stock Exchange closed on a positive note on Wednesday, after the two-day public holiday declared by the Federal Government. The stock market appreciated by N22bn despite losses in 20 stocks....

  • Posted September 16, 2016
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  CBN tasks states to set up Bank of Industry

  The Central Bank of Nigeria (CBN) has advised states without a Bank of Industry to facilitate the establishment of one in order to speed up industrialisation and other economic development across the country. The Assistant Director, Development...

  • Posted September 15, 2016
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  High port charges: Nigerian importers divert cargoes to neighbouring countries

  Importers in Nigeria are now diverting cargoes to neighbouring countries to avoid undue restrictions at the country’s ports and high custom duties, a report has disclosed. The Chief Executive Officer of the Financial Derivatives Company Limited (FDC),...

  • Posted September 15, 2016
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