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Business News
Etisalat targets 2015 breakeven period, explains issues in number porting
WITH over 15 million subscriber base and over six years of operations in Nigeria, Emerging Markets Telecommunications Service Company trading as Etisalat in the country has said it hoped to breakeven on its investment in Nigeria by...
Read more... Mobile payments hit N64b, new body partners CBN on scheme’s promotion
STAKEHOLDERS in the nation’s financial sector have formed a body to help government and telecommunications operators develop industry standards and modalities for the advancement of mobile financial services in the country.
The move was sequel...
Read more... The move was sequel...
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PPPRA hinges competitiveness in downstream on PIB
PETROLEUM Product Pricing and Regulatory Agency (PPPRA) has hinged the competitiveness of the downstream sector in Nigeria to the implementation of the proposed reforms as contained in the Petroleum Industry Bill (PIB).
The Executive Secretary of...
Read more... The Executive Secretary of...
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‘Govt’s role critical in Nigeria’s broadband deployment’
IF Nigeria’s broadband deployment strategy must materialise, government at all levels of governance have a major role to play, the National Broadband Committee has said.
According to them, governments at various levels have critical roles to...
Read more... According to them, governments at various levels have critical roles to...
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Investors stake interest in Nigeria’s auto industry’s revival
A FRESH move may have commenced to revive the nation’s comatose automobile manufacturing sub-sector, courtesy of renewed interests by foreign investors in the country.
Indeed, some of the investors have already made their plans known to the...
Read more... Indeed, some of the investors have already made their plans known to the...
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Path to effective credit management in banks, by stakeholders
FINANCIAL sector’s stakeholders have prescribed the promotion of effective credit reporting and financial inclusion, to ensure fool proof risk management strategy in banks.The stakeholders made the assertion in their separate presentations at...
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Govt seeks intervention fund to revive power plants
THE Ministry of Power has opted to shop for an intervention fund to revamp the country’s ailing power plants before the final handover to the new owners in July.The fund raising strategy was informed by the fact that the country’s power...
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Nigeria’s connected lines hit 161.9m amid downturn in telecoms services
DESPITE the downturn in telecommunications services in the country, the nation’s connected telephone lines grew by 2, 049, 470 in March 2013.Indeed, the country’s connected lines as at February 2013 was 159, 879,295 but went up to 161, 928...
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Lingering unemployment level worries CITN
THE Chartered Institute of Taxation of Nigeria (CITN) has decried the persistent high unemployment level in the country, which it described as inimical to the nation’s economic growth and development.The President of the institute, John Femi...
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Nigeria, Canada target $6b trade volume by 2015
Ottawa to review visa processing timeNIGERIA and Canada have resolved to strengthen trade and investment ties by leveraging on areas of comparative advantage.
The two countries also agreed on strategies to double the volume of trade...
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Power sector privatisation irreversible, says govt
Stakeholders support sale of 10 plants
APPARENTLY savouring from the expected goodies of the transformation process, the Federal Government Tuesday said there was no going back on the ongoing privatisation of the power sector.
This...
Read more... APPARENTLY savouring from the expected goodies of the transformation process, the Federal Government Tuesday said there was no going back on the ongoing privatisation of the power sector.
This...
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Chevron to invest $12 billion on 50 new projects
CHEVRON Corporation has unveiled its plans to float about 50 projects costing over $250 million each, across the world, in the next five years.
The Vice Chairman and Executive Vice President for Upstream and Gas, George Kirkland, at the yearly...
Read more... The Vice Chairman and Executive Vice President for Upstream and Gas, George Kirkland, at the yearly...
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Reps, CPC move to investigate banks over faulty ATMs
INDICATIONS have emerged that the House of Representatives and the Consumer Protection Council (CPC) are set to open an investigation into allegation of wrongful withholding of customers monies through malfunctioning Automated Teller Machines... Add new comment Hits: 238
Court indicts Lagos AG over rights violation
JUSTICE Adeniyi Adebajo of the Lagos High Court, Igbosere on Monday ruled that the office of the Lagos State Attorney-General and Commissioner for Justice was liable for the illegal detention of a trader, Isiaka Mohammed, by the police in January...
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Nigerian insurance firms review off-shore operations
THE initial drive by underwriting firms in Nigeria to expand and exploit opportunities in the African insurance market may have been truncated due to assessed unfriendly business environment which has been prompting some of the... Add new comment Hits: 282
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