Business

Lagos consumes N1billion worth of rice daily, says Ambode

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10 years ago

Kazeem Ugbodaga As the world marked World Food Day, Lagos State Governor, Akinwunmi Ambode disclosed that the state consumes N365…

Fuel scarcity: Gov. Udom advocates liberalisation of downstream sector

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10 years ago

Governor Udom Emmanuel of Akwa Ibom has advocated the liberalisation of the petroleum downstream sector to regulate the cost paid…

Nigeria overnight rate, bond yields fall on excess liquidity

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10 years ago

Reuters Nigeria’s overnight lending rates and bond yields continued to fall on Friday as excess liquidity injected into the banking…

Financial industry, corporate Nigerians eulogise Onosode

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10 years ago

Members of financial industry and corporate Nigeria on Friday described the late Dr Gamaliel Onosode as a great man of…

UBA MD sues online journalist over alleged false report

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10 years ago

Paul Iyoghojie An online reporter, Desmond Ike Chima, 29, has been arraigned before a Lagos State magistrates’ court for allegedly…

Market capitalisation improves by N46b

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10 years ago

Activities at the Nigerian Stock Exchange (NSE) made an impressive record on Friday with the market capitalisation improving by N46…

FG suspends licence issuance for new vehicle assembly plants

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10 years ago

The Federal Government has suspended issuance of licence to new vehicle assembly plants. Mr Aminu Jalal, the Director General of…

Naira depreciates at parallel market

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10 years ago

The Naira on Friday depreciated against the dollar at the parallel market. The Naira lost N0.5 in the afternoon as…

EU to participate in 2015 Lagos trade fair

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10 years ago

The Lagos Chamber of Commerce and Industry (LCCI) on Friday said the European Union (EU) had indicated interest to participate…

FG assures of improved electricity supply

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10 years ago

The Ministry of Power has said that it was working hard on its responsibility to improve electricity supply in the…

Ships’ manifests full of irregularites — Customs boss

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10 years ago

Col. Hameed Ali (retd) Comptroller-General, Nigeria Customs Service (NCS), has expressed concern that most of the manifests paraded by multinational…

FCT gets $170m from France to boost power supply

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10 years ago

France says it has granted 170 million dollars aimed at increasing the power supply for the Federal Capital Territory (FCT).…

Petrol: Marketers express worry over shut down of loading depots

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10 years ago

Some marketers on Thursday expressed concern over the shutdown of all loading depots of the Pipelines Products Marketing Company (PPMC)…

CPC raids Multichoice HQ, carts away subscribers information

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10 years ago

Officials of the Consumer Protection Council (CPC) on Thursday afternoon raided the head office of premier pay-TV service provider, MultiChoice…

FG to adopt IPSAS accrual-based accounting

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10 years ago

The Accountant-General of the Federation (AGF), Ahmed Idris has said that Federal Government would adopt International Public Sector Accounting Standards…

Dangote advocates use of concrete roads for durability

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10 years ago

Funsho Arogundade For Nigeria to achieve its long desired infrastructural development, it must embrace the use of concrete for road…

Nigeria raises N120bn in 2020, 2024 bonds at lower yields

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10 years ago

Nigeria issued 120 billion naira ($600 million) worth of naira-denominated bonds maturing in 2020 and 2024 at an auction on…

LASIMRA set to check illegal installation of telecom facilities

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10 years ago

The Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA) has restated its commitment to the regulation of the communication infrastructure…

World Bank defends $75m loan to Edo

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10 years ago

The World Bank on Wednesday defended the $75 million loan it granted to Edo State Government, saying it grants significant…

Skye Bank rewards more customers

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10 years ago

Skye Bank has continued to reward more winners nationwide who emerged in its on-going ‘Reach for the Skye Millionaire’ savings…

Ex-banker docked for fraud

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10 years ago

A former banker, Oyewusi Oyewumi, was on Wednesday charged with defrauding Stallion Microfinance Bank, Lagos, of N535,000 at a Surulere…

Nigeria loses N8.7bn using Incandescent bulbs — ECAN

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10 years ago

Mr Goodluck Enyinnaya, Secretary, Board of Trustees, Electricity Consumers Association of Nigeria (ECAN), says Nigeria loses N8.7 billion yearly because…

Naira appreciates at parallel market

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10 years ago

The naira on Wednesday firmed against the dollar at the parallel market. The naira gained N1 on Wednesday afternoon as…

Ambode seeks UK partnership to boost power supply in rural areas

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10 years ago

Lagos State Governor, Akinwunmi Ambode on Wednesday played host to the British Minister of State for Foreign Commonwealth Affairs and…

Odu’a declares N150m dividend payment to shareholders

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10 years ago

Odu’a Investment Company Limited on Wednesday declared N150 million dividend payment, representing 26.1kobo per share for each shareholder after such…

SERAP charges Buhari to probe Volkswagen over emission scandal

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10 years ago

Kazeem Ugbodaga Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari, urging him to…

Customs seizes 112 cartons of contaminated poultry products in Katsina

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10 years ago

The Nigeria Customs Service (NCS) has seized over 112 cartons of contaminated poultry products smuggled into the country through the…

Inflation up to 9.4%, above CBN ceiling

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10 years ago

Nigeria’s consumer inflation was at 9.4 per cent year-on-year in September, up 0.1 percentage point from August and staying above…

Fuel scarcity looms in Rivers as NUPENG begins strike

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10 years ago

Okafor Ofiebor/Port Harcourt The little respite being enjoyed by consumers of petroleum products in Rivers State since the Department of…

Fidelity Bank to launch online marketplace for SMEs

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10 years ago

In the coming weeks, Fidelity Bank Plc will launch the GreenMall, an online market place with fully integrated e-commerce capabilities…

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