Expect better services, FMDQ OTC tells stakeholders
FMDQ OTC Securities Exchange (FMDQ) has assured stakeholders in the over-the-counter (OTC) fixed income securities market of better deal. Its Managing Director/ Chief Executive Officer, Mr. Bola...
View ArticlePPPRA begins nationwide enforcement of N86.50k pump price of fuel
…Warns marketers to adjust to new price or face sanctions From Dennis Mernyi, Abuja THE Federal Government at the weekend commenced enforcement of sale of fuel at the N86.50k new pump price across...
View ArticleHow CBN’s forex policy denied us N240bn revenue –Customs boss
By Uche Usim The Nigeria Customs Service (NCS) has said it generated N903 billion as revenue in 2015, a figure that is N240 billion short of its target. But its Comptroller General, Hameed Ali, who...
View ArticleFG’s N300bn bail-out ’ll boost non-oil sector -LCCI
By Bimbola Oyesola The Lagos Chamber of Commerce and Industry (LCCI) has said that the N300 billion set aside for banks by the Central Bank of Nigeria (CBN) will boost development in the non-oil...
View Article2016 budget key to Nigeria’s recovery, says ACCI
From Walter Ukaegbu, Abuja The Abuja Chamber of Commerce and Industry (ACCI) has said that despite the bleak economic outlook and predictions for Nigeria, 2016 budget proposal holds key to the nation’s...
View Article30,000 oil jobs to go in Q1, on falling crude prices
By Adewale Sanyaolu An estimated 30,000 jobs in Nigeria’s fledgeling oil and gas industry may wiped off this year as prevailing headwinds are threatening fresh investments in the sector. The alarming...
View ArticleLassa fever: Poultry farmers urged to take preventive measures
POULTRY farmers in Nigeria have been urged to take measures in preventing the movement of rats into their farms given the ongoing spread of Lassa fever in the country. Registrar, Veterinary Council of...
View ArticleAviation: FG warns airlines on fare hike
…FAAN debunks recruitment excercise By Louis Iba AIRLINES operating in Nigeria have been warns not to increase cost on airfares without getting the approval of relevant regulatory establishment,...
View ArticleFidelity Bank SME deposit liability rises to N120bn
FIDELITY Bank Plc, one of Nigeria’s most capitalised financial institutions, says it intends to intensify support for Micro and Small Medium Enterprises (MSMEs) through initiatives geared towards...
View ArticleHow to end perennial fuel scarcity –IPMAN
By Adewale Sanyaolu FOR over 10 years, Nigerians have had to contend with the ugly monster of fuel scarcity, which has defied solutions put in place by government and stakeholders. But, more often...
View ArticleStock market suffers N1.63trn loss in 2015
By Chinenye Anuforo AVAILABLE records at the Nigerian Stock Exchange (NSE), as of December 31, 2015, showed that the nation’s stock market lost heavily in key indicators last year. Precisely, its...
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Nigeria Needs $3.1 Billion For Sugar Self-Sufficiency
Stakeholders in the sugar industry have estimated that Nigeria will need about $3.1bilion US to achieve self-sufficiency in the commodity. At a round table in Abuja recently, the Executive Secretary of...
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SON and the menace of substandard products
By Ifeanyi Alia The sea of people marching in a long queue from Alausa, Ikeja to Police College GRA, caused a side attraction on a typical busy day in Lagos and while the green and white uniforms,...
View ArticleNigerdock delivers Chevron/NNPC 420 mmcf/d topside gas project
By Adewale Sanyaolu Nigerdock Nigeria Plc at the weekend delivered a 420 million cubic feet per day (mmcf) per day gas project fabricated topside module to Chevron/NNPC. The Sonam Non Associated Gas...
View ArticleForeign investors to inject N4trn in ICT sector
By Olabisi Olaleye The Federal Government has given hints of plans by foreign investors to inject about N4 trillion ($15 billion), in the Information and Communications Technology (ICT), industry....
View ArticleAmaya Capital, Azura Power seal $876 IPP deal
By Adewale Sanyaolu Amaya Capital Limited and Azura Power Holdings Limited, have announced the financial close of $686 million investment for the 450 mega watts Azura-Edo Independent Power Project...
View ArticleTelecoms operators to shut cell sites in six states
By Olabisi Olaleye STRONG indications emerged last week that some telecommunications operators may shut down their operations in six states of the federation, owing to multiple taxes, and incessant...
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Sterling Bank to expand MSME Academy to more states
THE Chairman and Chief Executive of The Bazaar Limited, a growing player in the retail outlet and food chain business in Nigeria, Mr. Rajesh Mehta, has commended Sterling Bank Plc for its contribution...
View Article5,000 dock workers sacked as FG terminates Tally Clerks’ contract
By Uche Usim ABOUT 5,000 dock workers have been sacked as the Federal Government has finally given the Nigerian Ports Authority (NPA) the nod to terminate the 10-year contract it has with Tally Clerks...
View ArticleOsinbajo receives PwC’s report on impact of corruption on Nigeria
By Chinenye Anuforo LEADING professional services firm, PricewaterhouseCoopers (PwC) at the weekend presented a report titled Impact of Corruption on Nigeria’s Economy to the Vice President, Prof. Yemi...
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