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  • Nigeria imports 80% of polymers — PIN

    About 80 per cent of the various polymers used in the country are imported, first President, Polymer Institute of Nigeria, Chief Kunle Ogunade, has said. Ogunade, who stressed the need to develop this industry in the country,...

    • Posted October 20, 2014
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  • Analysts say revenue target still realistic despite decline in oil output

    The nation’s oil output may be on the decline, economic analysts, who weighed various scenarios likely to play out in the last quarter of the year, insisted that it is possible for the federal government to achieve...

    • Posted October 20, 2014
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  • Automation is key to Ports efficiency – Bello:

    Mr. Hassan Bello is the Executive Secretary/CEO of the Nigerian Shippers’ Council. In this interview with Tokunbo Adedoja, he speaks on the activities of the council since it was appointed as the economic regulator of Nigerian ports,...

    • Posted October 20, 2014
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  • NSE committed to improving corporate governance – Onyema

    The Chief Executive Officer, Nigerian Stock Exchange, Mr. Oscar Onyema, has said the Exchange is fully committed to furthering good corporate governance among listed companies. Onyema was quoted in a statement by the Exchange as saying this...

    • Posted October 19, 2014
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  • Vodacom introduces fixed telephony solutions in Nigeria

    Vodacom has introduced enterprise-grade fixed telephony solutions in Nigeria. According to Vodacom Business Nigeria, the solutions are for Nigerian businesses and are specifically designed to give superior and cost-effective voice services. The company introduced two new solutions...

    • Posted October 19, 2014
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  • NAC signs MoU with Wesbank SA to finance Nigeria assembled vehicles purchase

    Prospective buyers of motor vehicles assembled in Nigeria would now have financial backing from WesBank, a division of FirstRand Bank Limited of South Africa. This stems from a Memorandum of Understanding (MOU) Wesbank signed recently with the...

    • Posted October 19, 2014
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  • Niger Delta Groups accuse Shell of unfair practices, threaten action

    Some Niger Delta groups have raised the alarm that peace may once more become elusive in the area unless the federal government moved in to check plots to shunt their people out of oil businesses. In an...

    • Posted October 19, 2014
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  • Intervention fund: BOI rewards 10, blacklists 24 companies

    The Bank of Industry has established a hall of fame for 10 companies for repaying their loans while placing 24 other defaulting companies on its black list. The Managing Director and Chief Executive Officer of the bank,...

    • Posted October 19, 2014
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  • Contaminated beer: Customer demands N111m damages from Nigerian Breweries

    A Federal High Court sitting in Abuja has ordered Nigerian Breweries Plc. To, within 30 days, appear before it over an allegation of brewing a contaminated Heineken brand of beer. The court, in a writ of summons...

    • Posted October 19, 2014
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  • Nigerian Airports rated poorly in Africa

    Nigeria did not move up the ladder in latest rating by the Airport Council International (ACI) as it is number six among the top 10 African airports in 2013. This was disclosed by the Director General of...

    • Posted October 18, 2014
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  • Lekki Deep Seaport threatened as investors, banks decline funding

    The multi-billion Lekki deep seaport project in Lagos is being threatened, as investors and banks were said to have declined putting their money in the project. The deep seaport, anticipated to become operational in 2016, is expected...

    • Posted October 18, 2014
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  • NGOs not exempted from taxation – FIRS

    The acting Executive Chairman of Federal Inland Revenue Service (FIRS), Alhaji Kabiru Marshi, Thursday clarified that contrary to widespread assumptions, Non-Governmental Organisations (NGOs) are, to some extent, not exempted from tax obligations Speaking at the opening of...

    • Posted October 18, 2014
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  • Banks to relax loan conditions for small businesses

    The Bankers Committee of the Central Bank of Nigeria on Thursday said it was working to finalise the establishment of a modern collateral registry that would ensure that moveable assets were accepted as collateral by banks by...

    • Posted October 18, 2014
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  • CBN charges 11% interest on N213bn power loan

    The annual interest rate to be paid by power firms on the N213bn intervention fund arranged by the Central Bank of Nigeria is 11 per cent. According to the Nigerian Electricity Regulatory Commission, aside the initial one...

    • Posted October 18, 2014
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