All posts tagged "headline"

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  Implementation of 35% levy on used cars stalled

  There are indications that the collection of 35 per cent import levy on used cars, popularly called Tokunbo, which was due to begin on July 1, 2015, has been put on hold. The levy is the second...

  • Posted July 3, 2015
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  90% of motor insurance certificates possessed by motorists are fake – Police

  The  police in Lagos have said the geometric increase in the cases of insurance fraud across the country is now a source of worry to the command and stake holders in insurance industry. The police pointed at...

  • Posted July 3, 2015
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  OPEC crude oil production hits three-year high

  Despite the clamour by the poorer members of the Organisation of Petroleum Exporting Countries (OPEC) for the cartel to reduce crude oil production due to the drop in prices, OPEC’s daily output climbed to a three-year high...

  • Posted July 2, 2015
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  Nigerian Stock Market records 3.4% in six months

  The Nigerian Stock Exchange (NSE) All-Share Index, which  measures the aggregate growth of the stock market declined by 3.46 per cent  in the first half of the year as investors maintained cautious trading. The ASI, which opened...

  • Posted July 2, 2015
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  Oando sells downstream business for $276m

  A consortium of investors on Tuesday announced the acquisition of 60 per cent of the economic rights and 51 per cent of the voting rights in the downstream business of Oando Plc, an integrated oil and gas...

  • Posted July 2, 2015
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  NNPC says there’s enough petrol

  The Nigerian National Petroleum Corporation (NNPC) Tuesday said it had stepped up efforts to maintain stability in the supply and distribution of petroleum products nationwide. The corporation disclosed in statement that it has enough stock of petrol...

  • Posted July 2, 2015
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  Atiku’s firm objects to N1.3bn suit

  A firm, Ports and Terminal Operators Nigeria Limited (PTOL), has accused the federal government of breaching a concession agreement they signed on May 11, 2006 over a terminal at Onne Port in Rivers State. It sued the...

  • Posted July 2, 2015
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  MainOne aims to double $300m investment

  MainOne said on Tuesday it was looking at doubling its current investment of over $300m in infrastructure to improve broadband connectivity and data centre services in West Africa in the next five years. The company stated that...

  • Posted July 2, 2015
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  Nigeria’s total debt rises to N12.1tn – DMO

  The nation’s total debt rose to N12.1tn ($60.8bn) as of March 2015, up from N11.2tn at the end of December 2014, data obtained from the Debt Management Office’s website showed on Tuesday. The statistics also showed that...

  • Posted July 2, 2015
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  Fuel queues resurface in Abuja

  Fuel queues have resurfaced in filling stations across the Federal Capital Territory as a number of the stations have stopped dispensing the product. It was not certain as of press time why some of the filling stations...

  • Posted July 2, 2015
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