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  • Elumelu harps on entrepreneurial skills to fight poverty

    The Chairman of Heirs Holdings, Mr. Tony Elumelu has advocated entrepreneurship as a veritable solution to achieving poverty reduction in the country. Elumelu, who is also the Founder of The Tony Elumelu Foundation said this in a...

    • Posted August 30, 2016
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  • Maritime workers accuse NPA, terminal operators of swindling government

    Maritime Workers Union of Nigeria (MWUN) has accused the Nigerian Ports Authority (NPA), terminal operators and shipping companies of conniving to deny the federal government of the much needed revenue from the ports through under declaration of...

    • Posted August 30, 2016
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  • Ambode pledges to increase investment inflow to Lagos

    The Lagos State Governor, Mr. Akinwunmi Ambode, has said that he will create an enabling environment for commerce to flourish in the state. Ambode stated this on Thursday at the opening of Lagos’ largest mall, Novare Lekki...

    • Posted August 29, 2016
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  • FG targets offshore investment profits to fund projects

    In a bid to shore up revenue to implement its programmes for the rest of year, the Federal Government is targeting dividends from its investments abroad. The dividends are said to be in millions of dollars. The...

    • Posted August 29, 2016
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  • Finance ministry explains N493.8bn allocation for July

    A total of N493.828bn has been shared as federal allocation for the month of July 2016 by the Federal Government, state governments and local government councils, the Federal Minister of Finance has said. According to the figures...

    • Posted August 29, 2016
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  • Singapore firm to invest $100m in Akwa Ibom

    A Singapore- based investment organisation, Ashdene Associates Nigeria, has signed an agreement with the Akwa Ibom State Government on agricultural development, infrastructural expansion and consolidation worth about $100 million investment. At the signing of the memoranda of...

    • Posted August 28, 2016
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  • SON partners NCS to curb substandard products influx into Nigeria

    The Standard Organisation of Nigeria (SON) and Nigerian Customs Service (NCS) have concluded arrangements to fight importation of substandard products into the country. SON and NCS entered into the collaboration during the visit of the acting Director...

    • Posted August 28, 2016
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  • Europe, others may shun perishable cargoes from Nigeria

    Perishable cargoes/vegetables exporters have counted their losses over the recent shut down of export sheds at the cargo areas of Murtala Muhammed International Airport, Lagos by the Nigeria Customs Service without considering its effect on delicate exports....

    • Posted August 28, 2016
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  • UBA records marginal profits in half-year

    United Bank for Africa Plc yesterday reported profit before tax of N40.270 billion for the half year ended June 30, 2016, showing a marginal increase of 3.1 per cent from N39.046 billion recorded in the corresponding period...

    • Posted August 27, 2016
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  • Communications tax: 25% of licensed operators to shut down

    Industry players have projected that Nigeria would lose another 25 per cent of licensed operators if the Communication Service Tax bill is passed into law. Already, the country has lost 57 per cent of licensed operators to...

    • Posted August 27, 2016
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  • Allow states to develop their resources – Ambode urges FG

    The  Lagos State Governor, Mr. Akinwunmi Ambode, has advised the Federal Government to allow state governments to develop the natural resources within their domains in order to create the necessary infrastructure that will attract investors. According to...

    • Posted August 27, 2016
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  • Nigeria loses N11bn daily as oil exports suffer

    As four of the nation’s crude oil grades remain under force majeure and the schedule for two other grades face delay, the country is losing at least N10.7bn in revenue daily. Following the declaration of force majeures...

    • Posted August 27, 2016
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  • Oil prices drop as output hopes dampen

    Oil prices fell Friday as OPEC’s key producers cast doubt on the need to cut output, denting hopes of a deal to tackle a global supply glut. Iranian Oil Minister Bijan Zanganeh on Friday said his country...

    • Posted August 27, 2016
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  • Plateau partners firm to build fertiliser blending plant

    Plateau state government has signed a memorandum of understanding (MoU) with Oil and Chemical International, a member of the Duncan Group of companies, to set up a 40 tonnes fertiliser blending plant in Foron in Barkin Ladi...

    • Posted August 26, 2016
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