Don't Miss


Latest News

  • Nigerian Stock Exchange ex-council members still owe N1.48 billion

    Only N609.5 million out of N2.09 billion distributed to certain ex-council members of Nigerian Stock Exchange (NSE) as share of surplus from 2006 to 2008 has been refunded. BusinessDay learnt from the consolidated financial statement and account...

    • Posted October 1, 2012
    • 0
  • Nigeria joins JP Morgan government bond index

    Nigeria joined a key JP Morgan local currency government bond index on Monday, becoming the second African country after South Africa to be included in a widely followed index thanks to its improving liquidity levels. The west...

    • Posted October 1, 2012
    • 0
  • Nigeria needs N7 billion for 2016 Olympics – Sports Minister

    The Minister of Sports and Chairman National Sports Commission, Bolaji Abdullahi, has revealed that Team Nigeria will need N7bn to be at the Rio 2016 Olympics. Abdullahi, who decried Nigeria’s poor outing at the London 2012 Olympics,...

    • Posted October 1, 2012
    • 1
  • Crude Prices Fall on Global Macroeconomic Concerns

    Brent crude fell below $112 per barrel on Monday, reflecting investor concerns a shaky global economy may hurt oil demand following fresh evidence of weakness in China and Japan as well as persistent worries about the debt-saddled euro zone....

    • Posted October 1, 2012
    • 0
  • Okonjo Iweala Drops Economic Wisdom on How to Solve Nigera’s Unemployment Problem

    The coordinating minister of the Economy and Finance Minister has labeled unemploymment as the biggest problem facing the growth of the Nigerian state. According to a research report released by Nigeria’s leading investment bank, Renaissance Capital, and...

    • Posted October 1, 2012
    • 0
  • Shell Blames Oil Thieves for Production Shut-in After Fire

    Shell’s Nigerian unit shut its Bonny oil pipeline and deferred 150,000 barrels per day of production on Sunday after oil thieves caused a fire, the company said. “Shell … has shut the 28-inch Bomu-Bonny Trunkline after discovering...

    • Posted October 1, 2012
    • 1
  • Fuel Scarcity Ends in Lagos Metropolis

    Businessnews is pleased to report that the fuel scarcity across the Lagos metropolis has come to a crashing halt. Some unscrupulous petrol marketers enjoy taking advantage of scarcity periods and oftentimes partner with unsavory media agents in order to create artificial scarcity so...

    • Posted October 1, 2012
    • 0
  • FG Agrees to Construct 5 New Airports

    The Federal Government has agreed on a sum of N106 billion, through the Federal Executive Council (FEC), to start the construction of five first-class international airports. Princess Stella Oduah, the Minister of Aviation, revealed this in Abuja...

    • Posted October 1, 2012
    • 0
  • Femi Otedola Smiles to the Banks Again, Pays Off N141 billion AMCON Debt

    Controversial billionaire Femi Otedola can literally be said to be smiling to the bank as reports have shown he has paid off his N141 billion loan to the Asset Management Corporation of Nigeria (AMCON). Otedola and his...

    • Posted October 1, 2012
    • 1
  • NIMASA introduces Sea Protection Levy

    NIMASA Sources Revenue through Sea Protection Levy NIMASA – The Nigerian Maritime Administration and Safety Agency has initiated a new Sea Protection Levy for the Marine Environment, which targets different types of vessels coming to Nigerian seaports....

    • Posted October 1, 2012
    • 0
  • House of the Week: N65m four-bedroom detached house for sale in Ikeja, Lagos

    • Posted October 1, 2012
    • 0
  • “Don’t exceed $10000 forex limit” – EFCC advises travellers

    Economic and Financial Crimes Commission on Sunday advised persons travelling out of Nigeria not to exceed the statutory $10,000 foreign exchange limit. EFCC Secretary, Mr. Emmanuel Akomaye, who gave the advice in an interview with the News...

    • Posted September 30, 2012
    • 0
  • First Bank adopts HoldCo structure

    Last week, shareholders of First Bank of Nigeria plc approved the holding company (HoldCo) structure for the bank at a court-ordered Extraordinary General Meeting, EGM. The bank is now set to submit an application to the Nigerian...

    • Posted September 30, 2012
    • 0
  • Deportation of female pilgrims cost over N1 billion – Experts

    An estimated N1 billion may have been lost as a result of the deportation of Nigerian female pilgrims from Saudi Arabia, experts have said. This is coming on the heels of accusation by the Nigerian envoy in...

    • Posted September 30, 2012
    • 0