All posts by BusinessNews Staff

• Nigeria, India trade to hit N12bn

  The bilateral trade between India and Nigeria is expected to reach $12 billion in the current fiscal year. According to the India  Commerce and Industry Minister  Mr Anand Sharma, in 2009-10, trade between the two countries stood...

  • Posted March 26, 2011
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• States urged to support SMEDAN to reposition IDCs

  The National Council on Commerce and Industry has endorsed the call on state governments and private sector operators to liaise with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to ensure effective utilisation of the...

  • Posted March 26, 2011
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• Stakeholders condemn trading time extension on stock market

  AS the Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) plan to further tinker with the trading hours on the stock market, stakeholders have said that the move will further increase idle moment being experienced...

  • Posted March 26, 2011
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• Intercontinental emerges 2010 best mobile transaction bank

  IN continuation of its sustained pedigree and dominance of the Mobile banking segment of the Nigerian banking sector, Intercontinental Bank Plc has emerged 2010 Best Mobile Transaction Bank. This was revealed at the annual award ceremony organised...

  • Posted March 26, 2011
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• Isoun now heads NigComsat board

  The Federal Government has named former Science and Technology Minister, Prof. Turner Isoun, to chair the board of Nigerian Communications Satellite (NigComsat) Limited. The board which was inaugurated recently by the National Security Adviser (NSA), Lt. Gen....

  • Posted March 26, 2011
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• Re-migration of FG’s bond to NSE will deepen value – Operators

  FOLLOWING low value of equities, operators at the Nigerian Stock Exchange (NSE) have urged the Securities and Exchange Commission (SEC) to seek ways with the Dept Management Office (DMO) on how to re-migrate transactions on the Federal...

  • Posted March 26, 2011
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• ACCA lends support to IFRS convergence, Vision 20:2020

  The quest for Nigeria to adopt the International Financial Reporting Standard (IFRS) has been described as positive development for the accounting profession and the economy. Speaking to newsmen at the Practical Experience Requirement (PER) workshop organised by...

  • Posted March 26, 2011
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• Aganga worried by 2011 expansionary budget

  Nigerian Finance Minister, Olusegun Aganga, said on Wednesday he was concerned about the high level of borrowing in the 2011 budget passed last week and would be taking up the issue with parliament. Parliament last week passed...

  • Posted March 26, 2011
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• SMEDAN congratulates Aliko Dangote

  THE Director-General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Alhaji Mohammed Nadada Umar, has congratulated the Chairman of Dangote Group, Alhaji Aliko Dangote, over his rating as Africa’s richest man by Forbes, and the...

  • Posted March 26, 2011
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• Oil prices tumble as Libya declares cease-fire

  Oil prices plunged at the weekend after Libya�s foreign minister declared a cease-fire and said the government would stop military operations against rebels. Foreign Minister Moussa Koussa announced the cease-fire Friday, shortly after the U.N. voted to...

  • Posted March 26, 2011
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