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  • Cash-strapped states seek to restructure bank debts to long-term bonds

    As part of measures by the cash-strapped states of the federation to raise funds to pay salary arrears and meet other pressing obligations, the state governors have been given the green light to restructure most of their...

    • Posted June 26, 2015
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  • Nigeria spent N660bn on imported chicken in 2014

    The Poultry Association of Nigeria (PAN) Wednesday revealed that 1.2 million metric tonnes(MT) of frozen chicken valued at N660,000 billion was imported into the country in 2014. This, according to the association, was four times higher than...

    • Posted June 26, 2015
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  • Forex rule: Naira to fall further – Experts

    the Central Bank of Nigeria’s decision to stop foreign exchange sales to importers of 40 items on Tuesday is a good move but it will make the naira to fall further against the dollar, especially at the...

    • Posted June 26, 2015
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  • BPP didn’t object to N929.6m contract, BPE insists

    The end to the controversy surrounding the approval of N929.6m legal contract towards the end of the administration of President Goodluck Jonathan for the liquidation of the Power Holding Company of Nigeria is not near in sight....

    • Posted June 26, 2015
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  • Nigeria’s active oil rigs fall by 26%

    From 38 in January this year, the number of active oil rigs in Nigeria plunged to 28 in April, mostly triggered by the slump in global crude oil prices. Oil prices dropped by more than 60 per...

    • Posted June 26, 2015
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  • Vehicle tracking beyond mobile operators’ mandate – NCC

    Vehicle tracking services are beyond the mandate of digital mobile telecommunications operators, the Nigerian Communications Commission has said. The Head, Legal and Regulatory Services, NCC, Mrs. Yetunde Akinloye, said this at the opening of a workshop for...

    • Posted June 26, 2015
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  • NSE moves to protect investors using brokers’ online trading portals

    The Nigerian Stock Exchange (NSE) is making moves to give investors using the online trading portals of stockbroking firms adequate  protection as the exchange is coming out with  new Rules in that regard. The launch  of a...

    • Posted June 26, 2015
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  • Lagos becomes headquarter of Lufthansa sales organization for Sub-Sahara Africa

    Great news for Nigeria and Nigerian business as Lufthansa has designated Lagos as the center and regional headquarters of its Sub-Saharan sales, station and and administration organization leading marketing and sales for the airline across the continent,...

    • Posted June 25, 2015
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  • Avid foreign investors seek clarification on naira

    Foreign portfolio investors that are eager to play in Nigeria’s fixed income securities market following the country’s successful political transition would like to see a higher and more sustainable exchange rate equilibrium as well as a move...

    • Posted June 25, 2015
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  • LCCI harps on value addition to non-oil exports for economic development

    The Lagos Chamber of Commerce and Industry (LCCI), ‎Tuesday called on managers of the Nigerian economy to harness the nation’s human resources with modern technology, to add value to non-oil export that will result in improved earnings...

    • Posted June 25, 2015
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  • Telecoms subscriber base hits 143 million

    The National Bureau of Statistics on Tuesday put the number of people who subscribe to the mobile telecommunications networks at 143.05 million as of the first quarter of this year. The bureau, in a report on the...

    • Posted June 25, 2015
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  • CBN bans 40 items from accessing Forex

    The Central Bank of Nigeria (CBN) on Tuesday officially stopped the sale of dollars for a list of 40 items as it seeks to reduce pressure on the naira as well as preserve the country’s external reserves....

    • Posted June 25, 2015
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  • NPDC workers threaten to shut down crude oil production again

    In a renewed move to blackmail the federal government into reversing the withdrawal of the operatorship of some of the oil blocks sold by Shell and other International Oil Companies (IOCs) from the Nigerian Petroleum Development Company...

    • Posted June 25, 2015
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  • Naira faces fresh pressure, falls to 222 per dollar

    The naira, which rose to 180 against the dollar shortly after the inauguration of President Muhammadu Buhari about a month ago, has fallen to 222 at the parallel market due to a huge demand for dollars by...

    • Posted June 25, 2015
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