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Business

BoI Insists N10bn YES Programme Is Loan, Not Grant

The Bank of Industry (BoI) says its N10 billion Youths Entrepreneurship Support Programme (YES-P) is not a grant but a…

FG Creates Asset Register To Curb Illegal Sales

The Federal Government has launched an Asset Tracking and Management Project through which it would locate, identify, assess and evaluate…

FAAN Inaugurates Anti-Corruption, Transparency Unit

The Federal Airports Authority of Nigeria (FAAN), says it has inaugurated its Anti-Corruption and Transparency Unit (ACTU) to ensure transparency,…

Banning Imported Poultry Products Has Increased Productivity – Farmers

Poultry farmers in Ilorin have commended the Federal Government for banning importation of poultry products, which has increased productivity and…

Bird Flu: FG To Compensate Poultry Farmers

The Federal Government has assured poultry farmers of its readiness to compensate those affected by the 2015/2016 Avian Influenza (Bird…

Enforce Ban On Smuggling Of Frozen Fish – Operator

Mr Gbenga Balogun, the Operations Manager, Shrimpers Nigeria Ltd., a fishing company, on Saturday urged the Federal Government to strictly…

Transcorp Will Return To Profitability In 2017 – MD

Transnational Corporation of Nigeria (Transcorp) Plc on Saturday expressed optimism that the company would return to profitability in 2017 financial…

LG Boss Warns Officials Against Extortion

Alhaji Hashim Ahmad, Chairman, Buji Local Government Council in Jigawa, has warned veterinary officers against collecting money from animal owners…

Immunisation: EU-SIGN Distributes 44 Solar-Powered Freezers

The European Union Support to Routine Immunisation Governance Project in Nigeria (EU-SIGN) has distributed 44 solar-powered freezers in seven local…

Nigerian overnight lending rate rises on cash squeeze

Nigeria's overnight interbank lending rate climbed to 16 percent on Friday from about 13 percent at the end of last…

EFCC files new charges against Shell, Eni, over purchase of $1.3bn oil field

Nigeria's financial crime watchdog has filed new corruption charges against Royal Dutch Shell, Eni and others regarding the $1.3 billion…

FG targets 30,000 mega watts by 2030

Committed to creating the enabling environment to promote investment in the Nigerian energy sector, the FG, with the support of…

Germany offers Egypt $500 million to support economy

Germany has offered Egypt $500 million to support its economic programme and medium-sized and small businesses, the Egyptian ministry of…
Lee Jae-yong in 2016

Samsung Chief’s Trial To Start Next Week

Samsung Group leader Jay Lee will go on trial for bribery and embezzlement on March 9, a court said, amid…

Tanzania Shuts Down 4 Alcohol Factories

Tanzanian authorities on Friday closed four liquor making factories on the first day of the crackdown against the outlawed sachet-packed…

Women To Get 60 Per cent Farmlands As Inheritance

The Nigerian Association of Women in Agriculture (NAWIA) has called on the three tiers of government to allow women inherit…

Ambode: Mentorship critical to efficient public service delivery

Governor Akinwunmi Ambode of Lagos State on Thursday charged senior civil servants in the state to mentor the junior ones…

Dangote renovates Kano Airport Hospital with N200 million

To complement its N7 billion Surgical and Diagnostic Centre (SDC) currently under construction, the Dangote Foundation has concluded the renovations…

Customs Collects Over N266m In 2 Months – Comptroller

The Nigeria Customs Service (NCS), Niger, Kogi and Kwara Area Command said on Thursday it collected about N266.3 million in…

Exhibitors in Jos decry low patronage

Exhibitors at the ongoing fair in Jos, organised by Deutche Gassellschaft fur Internatione Z Usammenarbeit (GIZ), a German organisation, on…

CBN sells Treasury bills at yields below inflation

The Central Bank of Nigeria, CBN, raised N310.14 billion ($985 million) at an auction of treasury bills on Wednesday at…

MTN records first annual loss in 20 years after Nigeria fine

Africa's biggest mobile phone operator, MTN Group swung to its first annual loss in two decades on Thursday, hit by…

EFCC Disowns Auctioneer

The Economic and Financial Crimes Commission (EFCC) has disowned Pinnacle Trading and Investment Nig. Ltd as its official auctioneer.

Nigeria’s oil production rises to 2.1 million bpd

Nigeria's oil production has risen to 2.1 million barrels a day (bpd) the managing director of state oil firm NNPC…

Lagos pays N801 million to 179 retirees

The Lagos State Government has paid N801 million to another set of 179 retirees as accrued Pension rights for the…

FG To Fund Aviation Industry

Rev Tor Uja, Executive Secretary, Nigerian Christian Pilgrim Commission (NCPC) says adequate funding of the Nigerian airlines is necessary to strengthen the…
Kano tricycle operators suspend strike

Tricycle riders bemoan high cost of maintenance

‘Ugboezeji’ Tricycle Union in Abakpa, Enugu, said on Tuesday that the rising cost of maintenance of their vehicles was driving…

BEDC to install 39,000 smart meters

The Benin Electricity Distribution Company (BEDC) has started the installation of 39, 000 smart meters in its operational states of…

Niger Delta Now Witnesses Less Oil Theft- Buratai

The Chief of Army Staff, Lt.-Gen. Tukur Buratai says contrary to notion in some quarters, illegal bunkering, refinery and oil…

CBN boosts sales of dollars to strengthen Naira

Nigeria central bank said on Monday it sold $80 million to retail customers and another $100 million in currency forwards…
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