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All posts by BusinessNews Staff

  • NSC flays terminal operators’ resistance to regulation

    The Executive Secretary of the Nigerian Shippers Council (NSC), Mr. Hassan Bello has flayed the resistance of terminal operators to abide by regulations in the nation’s seaports. NSC is presently the economic regulator in the nation’s seaports...

    • Posted September 4, 2016
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  • 2016 budget may not achieve target – Fashola

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has warned that the Federal Government’s aim of achieving inclusion and employment, through the N6.6tn 2016 budget  may be elusive; and that the people targeted  may not...

    • Posted September 4, 2016
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  • Non-oil sector growth looks positive amid Q2 decline

    Nigeria’s Gross Domestic Product has contracted by 2.1 per cent in the second quarter of 2016, according to data from the National Bureau of Statistics. However, seven activities in the non-oil sector recorded positive growth. The activities...

    • Posted September 3, 2016
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  • Stock market grows by N282bn as economy recedes

    The Nigerian Stock Exchange’s market capitalisation recorded a growth of N282bn at the close of trading on Thursday, one day into the country’s economic recession. A total of 25 stocks appreciated in price, while 13 recorded price...

    • Posted September 3, 2016
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  • FG intercepts N10bn pirated products

    The Federal Government has said that it intercepted and seized products worth N10.3bn that had been pirated, between January 2011 and August 2016. The Director General of Nigerian Copyright Commission, Mr. Afam Ezekude, who disclosed this at...

    • Posted September 3, 2016
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  • FG signs $5.1bn rail contracts with Chinese firm

    The Federal Government has signed two contracts valued at $5.1bn with the China Civil Engineering Construction Corporation for the construction and modernisation of rail lines in different parts of the country. According to the Federal Ministry of...

    • Posted September 3, 2016
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  • How FG can boost export – Customs agents

    The National Council of Managing Directors of Licensed Customs Agents (NCMDLCA) has identified lengthy and cumbersome documentation process on export, multiplicity of regulatory/security agencies, high and duplicated terminal/ shipping company charges and process and lack of export...

    • Posted September 3, 2016
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  • FAAN boosts revenue through concessions

    Despite the recent decision of the federal government to concession airport facilities, the Federal Airports Authority of Nigeria (FAAN) has since adopted the system of partnering the private sector, a strategy that has gained traction about four...

    • Posted September 3, 2016
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  • Buhari, Emefiele to speak at banking conference

    President Muhammadu Buhari and Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, are scheduled to speak on the economy at the forthcoming Chartered Institute of Bankers of Nigeria’s  annual Banking and Finance conference. According to a statement...

    • Posted September 2, 2016
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  • NSE market indicators improve 2.97 per cent

    Equity transactions on the Nigerian Stock Exchange closed on positive note for the third consecutive day on Thursday with the market indicators improving by 2.97 percent. Some analysts attributed the improvement to interim dividends declared by some...

    • Posted September 2, 2016
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