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  • ICAN offers to assist FG prepare budgets

    The Institute of Chartered Accountants of Nigeria, ICAN, Abuja Chapter, has offered to assist the Federal Government to prepare its annual budgets early enough to enable the legislature pass them at the beginning of each fiscal year....

    • Posted July 18, 2011
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  • CBN’s interest-free banking gains momentum

    It seems that the influential governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, is winning the “hearts and minds” debate over the introduction of interest-free (Islamic) banking into Africa’s most populous yet highly...

    • Posted July 18, 2011
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  • Capital Oil deploys 200 trucks of kerosene across Lagos

    Capital Oil and Gas Ltd. will this week deploy 200 kerosene trucks to the 20 local government areas and 37 local council development areas in Lagos State through its Mobile Trucks Distribution Initiative. The company’s managing director,...

    • Posted July 17, 2011
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  • Investors lose N153bn on NSE in one week

    Investors’ agony continued last week, as the value of their investment on the Nigerian Stock Exchange, NSE, dipped last week by N152.8 billion. Investment value, represented by the market capitalization, dipped by 1.97 per cent or N152.8...

    • Posted July 17, 2011
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  • Lagos-Ibadan expressway: Adeboye prays for Babalakin

    Amid preparations for the commencement of full scale construction on the Lagos-Ibadan Expressway, the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, at the weekend, strengthened the Chairman of Bi-Courtney Highway Services Limited,...

    • Posted July 17, 2011
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  • 606 billion Naira distributed to three tiers of government

    Nigeria distributed 606 billion naira from federal accounts to its three tiers of government for June, broadly in line with the previous month, the accountant general said on Friday. “The total revenue distributable for the month (including...

    • Posted July 16, 2011
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  • BusinessNews Weekend Giveaway Promo: FREE Recharge Vouchers!

    Congratulations to last week winners of our weekly BusinessNews Giveaway Promo. This week, we are giving away 10 recharge vouchers (all networks) to our readers. Entry Requirement: Do one or both of the following: Become a fan of...

    • Posted July 15, 2011
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  • NSE share value dips further by N31bn

    The declining trend on the Nigerian Stock Exchange NSE continued, Wednesday, as equities value, represented by the market capitalisation dipped by N30.90 billion. Specifically, the capitalisation dipped by 0.40 per cent to close at N7.629 trillion from...

    • Posted July 15, 2011
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  • Nigeria’s Oil Output Highest since November 2007

    Nigeria’s oil production has bounced back to its highest level since November 2007, but a militant threat to resume hostilities should be taken seriously, a presidential adviser said Thursday. Kingsley Kuku, a presidential adviser on the Niger...

    • Posted July 15, 2011
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  • Youths protest at Shell Nigeria crude flow station

    Nigerian youths broke into a Niger Delta crude oil flow station owned by Royal Dutch Shell (RDSa.L) on Thursday in protest at what they said was the firm’s failure to provide their communities with electricity. Shell said...

    • Posted July 15, 2011
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  • Germany to invest in Nigeria’s gas

    Germany will increase its involvement in Nigeria’s liquefied natural gas (LNG) industry, Chancellor Angela Merkel said on Thursday, as Africa’s most populous nation looks to take advantage of its vast gas reserves. Nigeria, with the world’s eighth-largest...

    • Posted July 15, 2011
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  • Wincor Nixdorf receives order for 600 ATMS for placement in Nigeria

    Wincor Nixdorf announced its plans to continue support for the expansion of retail banking in Nigeria with self-service technology for cash process automation at the German/Nigerian Economic Forum in Abuja on July 14 and 15. During the...

    • Posted July 15, 2011
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  • Nigerian Billionaire Mike Adenuga Might Be Africas Richest Man

    By Mfonobong Nsehe Mike Adenuga, a Nigerian oil and telecoms tycoon, might be Africa’s new richest man. In March this year, Forbes published its annual rankings of the world’s richest people. Mike Adenuga, who debuted on the list, was...

    • Posted July 15, 2011
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  • Bank of Industry raises investment to N48.4b

    Bank of Industry Limited (BOI), Nigeria’s oldest, largest and most successful development financing institution, said it was able to raise its volume of investments to N48.4 billion in 2010, a 262 per cent improvement over N18.5 billion...

    • Posted July 14, 2011
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