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Business

Investment key to tackling extremism: Emir

16 September 2014, 21:02

The country's second highest Muslim leader said in his first interview broadcast that more investment was needed in the country's conflict-ridden north to prevent radicalisation.

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Inactive stockbrokers to be delisted from NSE

21 August 2014, 14:00

The Nigerian Stock Exchange has formally announced plans to revoke the licences of inactive stockbroking and dealing firms.

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African Development Bank pledges to fight Ebola

19 August 2014, 21:43

The African Development Bank on Tuesday pledged $60 million to help fight the worst-ever outbreak of Ebola which is raging across west Africa.

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CBN defends N65 charge on ATM withdrawals

15 August 2014, 14:37

The Central Bank of Nigeria has justified the introduction of the N65 charge on cash withdrawals by banks’ customers on ATMs of other banks other than theirs.

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States indicted for collecting illegal taxes

15 August 2014, 11:42

The National Economic Council has indicted some state governments for allegedly collecting taxes and levies that were not backed by appropriate laws.

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Union shuts down FirstBank head office

14 August 2014, 13:59

Banking operations at First Bank of Nigeria head office in Lagos were temporarily shutdown for hours by aggrieved union officials .

N65 charge reintroduced on cash withdrawals on other banks’ ATMs

14 August 2014, 12:44

Banks customers will from September 1, 2014 pay a token for cash withdrawals made on other banks’ Automated Teller Machines

Oil workers threaten strike over dispute with Agip

12 August 2014, 15:45

The Nigeria Union of Petroleum and Natural Gas Workers has issued a 14-day strike notice to the federal and state governments over a dispute with Agip Oil Company..

Government insists on merging aviation agencies

11 August 2014, 14:38

There are indications that the federal government has concluded plans to merge all the aviation agencies into a single entity by the end of August.

Fire guts Shell's oil field

11 August 2014, 13:34

An oil spill site within an oil field operated by Shell Petroleum Development Company in Bayelsa has been gutted by fire.

First Bank, GT Bank cut staff salaries

11 August 2014, 12:25

Three of Nigeria’s largest banks in 2013 shrink their staff overall pay, including salaries, bonuses and other benefits.

Community reopens oil wells in Bayelsa

07 August 2014, 18:30

Communities hosting the Nigerian Agip Oil Company (NAOC) operations in Bayelsa have re-opened the five oil wells earlier shut down in the Idu Oil Fields.

Investment on infrastructure to soar by 2025

07 August 2014, 16:16

Infrastructure spending in Nigeria is expected to grow by more than 200 percent to the year 2025 as the country establishes itself as the continent’s biggest economy.

Africa haircare a multi-billion dollar industry

06 August 2014, 14:50

While still largely based in the informal economy, the African haircare business has become a multi-billion dollar industry that has drawn global giants .

Government offers to offset N25bn debt owed gas supplies

04 August 2014, 19:04

The federal government has offered to offset the N25 billion owed to companies that supplied gas to privatised independent power plants.

Banks customers groan as funds transfer platforms fail

04 August 2014, 18:12

The breakdown of the funds transfer platforms of some major banks is preventing bank customers from conducting inter-bank transfers and other online transactions.

Banks fortunes decline

04 August 2014, 17:01

Nigerian banks are facing dwindling fortunes due to harsher operating environment.

Shell, government indicted over Ogoni oil spill

04 August 2014, 15:44

Shell and the federal government have been accussed of doing noting to ease oil pollution in Ogoniland three years after a landmark UN report called for a $1 billion dollar clean-up.

Oyo, Kaduna, appoint Sterling receiving bank for N20b bond issues

04 August 2014, 15:34

Sterling Bank Plc has been appointed by the governments of Oyo and Kaduna States as receiving bank for their bond issuance programmes.

Gas plants shutdown for maintenance

04 August 2014, 14:35

There are indications of an imminent blackout across the country between August and September due the planned maintenance of all gas plants by the Nigeria National Petroleum Corporation.

Ikeja power distributor introduces online payment scheme

04 August 2014, 14:15

The Ikeja Electricity Distribution Company (IKEDC) has introduced an online platform to facilitate convenient payment options.

Government considers tax rebate for telecoms firms

04 August 2014, 13:16

The federal government has unfolded plans to reduce taxes on telecommunications infrastructure in the country.

Air workers give up on strike

04 August 2014, 12:02

The three unions in the nation’s aviation industry say they have shelved their strike scheduled for August 4.

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