All posts by BusinessNews Staff

• 
  Telecoms industry contributed N1.8tn to Q2 GDP

  The National Bureau of Statistics on Sunday said the  telecommunications  sector  contributed  N1.58tn in real terms to the country’s second quarter Gross Domestic Product. It said the second quarter performance for the telecoms sector represented about 9.8...

  • Posted September 6, 2016
  • 0
• 
  NIMC pledges commitment to single database, begins data harminisation

  Efforts by the federal government to create a single database for Nigeria have started yielding results, as the National Identity Management Commission (NIMC) said weekend that it has begun the process of harmonisation of existing data that...

  • Posted September 6, 2016
  • 0
• 
  NPA may sanction port terminal operators over alleged violation of concession agreement

  There are indications that the Nigerian Port Authority (NPA) may impose sanctions against terminal operators at the nation’s ports for allegedly violating concession agreement as regards port development. THISDAY gathered that in fighting among the operators is...

  • Posted September 6, 2016
  • 0
• 
  NANTA declares state of emergency in aviation sector

  In order to save the air transport sector, which is described as a catalyst to economic development of any nation, the President of the National Association of Nigerian Travel Agencies (NANTA), Mr. Bankole Bernard has urged authorities...

  • Posted September 6, 2016
  • 0
• 
  Shippers’ Council decries excessive charges at ports

  The Executive Secretary/Chief Executive Officer, Nigerian Shippers’ Council, Mr. Hassan Bello, has said the operational efficiency achieved from the concession of the nation’s ports is being eroded by excessive charges, among other challenges. Bello said since the...

  • Posted September 5, 2016
  • 0
• 
  Nigerians vow to fight fuel price hike

  The Nigeria Labour Congress, Trade Union Congress, Afenifere, former federal lawmakers, security experts and rights activists, on Saturday vowed to resist any attempt by the President Muhammadu Buhari’s government to further increase fuel price. They stated this...

  • Posted September 5, 2016
  • 0
• 
  PFAs invest N1.7bn in infrastructure

  The total funds invested by operators of the Contributory Pension Scheme in infrastructure have risen to N1.7bn. Statistics obtained by our correspondent also showed that the total pension assets under management of the operators in July 2016...

  • Posted September 5, 2016
  • 0
• 
  Power plants lose 1,552MW

  More than six months after the nation’s electricity generation dropped below 3,000 megawatts, output from the power plants is still 1,552MW lower than the peak achieved in February. Power generation stood at 3,523.10MW as of 6am on...

  • Posted September 5, 2016
  • 0
• 
  Embrace mushroom farming – NEPC advises Nigerians

  The Nigerian Export Promotion Council has advised Nigerians to embrace mushroom farming to boost food production in the country and to boost foreign exchange earnings as the nation goes into economic recession. The Trade Promotion Advisor of...

  • Posted September 4, 2016
  • 0
• 
  Oil workers threaten strike over agreement with firms

  The Petroleum and Natural Gas Senior Staff Association of Nigeria, on Friday, threatened to resume its suspended strike if the Federal Government refused to enforce the implementation of an agreement reached with the association. PENGASSAN said it...

  • Posted September 4, 2016
  • 0