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Business

Amaechi directs FAAN to erect befitting HQ

The Minister of Transport, Mr Rotimi Amaechi, on Wednesday directed the management of the Federal Airports Authority of Nigeria (FAAN)…

Kunle Afolayan unveiled as Peugeot brand ambassador

Funsho Arogundade Five months after he inked an endorsement deal with Air France, notable filmmaker, Kunle Afolayan has hit another…

MoneyGram launches Account Deposit into Nigeria’s $21b remittance market

MoneyGram on Tuesday announced it is the first money transfer company to offer customers in France, Germany, Ireland, Italy and…

Foreign Exchange: We are aware of your difficulties – Buhari

President Muhammadu Buhari has sympathised with Nigerians over the current hardship experienced in accessing foreign currency for their different transactions.…

Capital expenditure increases from N557b to N1.8tn #Budget2016

President Muhammadu Buhari on Tuesday said that the capital expenditure for the 2016 budget had been increased from N557 billion…

Buhari will address infrastructure deficit – NSA President

Dr Mohammed Tumala, President, Nigerian Statistical Association, has expressed optimism that the 2016 budget of N6.08 trillion will address infrastructure…

FULL TEXT OF PRESIDENT MUHAMMADU BUHARI’S 2016 BUDGET ADDRESS

I am honoured and privileged to present the 2016 Budget proposal. This is my first address before this joint session…

Buhari presents N6.08 trillion budget proposal for 2016

President Muhammadu Buhari has presented 6.08 trillion Naira budget proposal for 2016 to a joint session of the National Assembly.…

N4.5bn Compensation: Stanbic IBTC heads to Appeal Court

stanbic Stanbic IBTC has headed to the Court of Appeal to challenge the verdict by a Lagos High Court ordering…

FEC approves review of tax laws to address inadequacies

The Federal Executive Council (FEC) on Monday in Abuja approved the review of extant taxation laws to address the inadequacies…

Fuel scarcity: 200 truck loads of fuel arrive in Abuja – NNPC

The Nigerian National Petroleum Corporation (NNPC) has deployed about 200 truckloads of fuel to Abuja to help reduce the ongoing…

31 ships laden with petroleum products, foods expected in Lagos

Thirty one ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island…

Pay N4.5bn as compensation, court orders Stanbic IBTC

Akin Kuponiyi A Federal High Court sitting in Lagos has ordered Stanbic IBTC Bank Plc to pay a former Group…

FG orders probe of unauthorised use of equipment by Aero Contractors

Sen. Hadi Sirika, Minister of State for Aviation, has directed immediate investigation into the use of unauthorized equipment by Aero…

NNPC orders special supply of petrol for hitch-free Yuletide

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has directed relevant agencies to embark on special supply of…
Godwin Emefiele, CBN Governo

CBN Governor promises robust economy, stable currency in 2016

Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefeile says the apex bank is evolving additional measures to boost…

Task Force on Distribution of Petroleum Products warns marketers against diversion

Alhaji Rabiu Bako, Chairman, Task Force on Distribution of Petroleum Products in Kano State, has warned fuel marketers against diversion…

Building materials dealers want ban on importation of electric cables

Some dealers in building materials have urged the Federal Government to ban the importation of electric cables. In separate interviews…

50 IDPs get knitting machines in Maiduguri

The North-East Entrepreneurship Development Centre (EDC), of Central Bank of Nigeria (CBN), on Sunday distributed 50 knitting machines to 50…

I’ll transform petroleum sector in one year – Kachikwu

Dr Ibe Kachikwu, the Minister of State for Petroleum, has promised to bring about fundamental change in Nigeria’s oil sector…

Ayeni emerges NASCON Chairman

The National Salt Company of Nigeria (NASCON) Allied Industries Plc has appointed Mrs Yemisi Ayeni, as the Chairman of the…
Market Capitalisation

SEC revokes licences of 84 operators

Nigeria’s Securities and Exchange Commission (SEC) says it has revoked the operational licences of 84 Capital Market Operators (CMOs). This…

IABC Nigeria gets new executive team

Members of the International Association of Business Communicators have elected a new team of experienced communication professionals to run the…

Nigeria automobile sector to contribute more to global sales in 2016

Nigeria’s automobile sector is set to contribute more to the global automobile sales in 2016 following establishment of more manufacturing…

E-Commerce: Kaymu, Lamudi, Hellofood record boom in 2015

Lukmon Akintola It was a mouthful of testimonies on 17 December, as the country managers of the giants’ e-commerce companies…

Invest at home, Obi of Onitsha tells South East entrepreneurs

The Obi of Onitsha, Igwe Alfred Achebe, has appealed to the people of the South East to invest at home…

FIRS to capture 500,000 new accounts by March 2016

The Federal Inland Revenue Service (FIRS) says it expects to capture at least 500,000 new corporate accounts in its tax…
Court jails Lagos woman, Bose Lateef arrested by EFCC while hawking naira notes at Eko Club after she pleaded guilty to money racketeering.

Finally, naira strengthens against the dollar

The naira on Friday finally strengthened against the dollar after weeks of free fall at the parallel market. The currency…
MTN ‘Extremely Sorry’ Over Network Outage

NCC files criminal charges against MTN over alleged copyright infringement

The Nigerian Copyright Commission (NCC) has filed criminal charges against MTN Nigeria Communication and its Nigeria Chief Executive Officer, Ferdi…

Dutch court says Shell can be liable for Nigeria oil spills

A Dutch appeals court ruled on Friday that Royal Dutch Shell can be held liable for oil spills at its…
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