Templates by BIGtheme NET
Home > Business (page 4)

Business

Nigeria has no business with D-8 – Buhari

buhari

Buhari’s attendance, late last month, at the ninth summit of the D-8 Organisation for Economic Cooperation, entrenched the Nigerian government’s disconcerting penchant for mixing governance with religion at all levels. Though couching its goals in economic aspirations, the D-8 remains an exclusive club of Islamic countries. Since Nigeria’s constitution expressly forbids the promotion of any faith, it is time Nigeria ...

Read More »

Airbus, Boeing interested in Nigeria’s national carrier – FG

airplane-890x395

The Federal Government has said that two major internationally renowned aircraft manufacturers, Airbus and Boeing, have indicated interest in Nigeria’s national carrier. According to the Minister of State for Aviation, Senator Hadi Sirika, the manufacturers have expressed willingness to discuss their interest with the government. In a tweet on his Twitter handle, @hadisirika, the minister said, “Boeing said they can’t ...

Read More »

Nigeria’s oil sales suffer, US exports rise

Oil

More than two dozen Nigerian crude oil cargoes were left unsold on Monday amid a supply glut of light sweet crude in the market. Reuters reported that tenders to buy oil from companies in India and Indonesia helped to absorb some excess, but there were roughly 30 unsold Nigerian cargoes and a handful from Angola. While Qua Iboe, Nigeria’s largest export ...

Read More »

Nigeria among countries with cheapest communications costs — NCC

ncc

Latest studies have shown that Nigeria falls among the list of countries with the cheapest cost of communication, the Nigerian Communications Commission has said. The Executive Vice Chairman, NCC, Prof. Umar Danbatta, stated this at the NCC day during the 30th Lagos International Trade Fair. Represented by the Director, Policy, Competition and Economic Analysis at the NCC, Ms. Josephine Amuwa, ...

Read More »

UK parliament to get vote on final Brexit deal

UK Border

The British government will offer parliament a take it or leave vote on any final EU departure agreement, Brexit Secretary David Davis announced Monday. Davis’s move was seen as an attempted concession to Conservative rebels who may defy the government this week by voting against separate Brexit legislation transferring existing EU laws to Britain. However, the bid to head off ...

Read More »

OPEC to impose quota on Nigeria as oil producers mull cuts extension to rebalance market

opec

Oil producers are expected to unanimously extend a production cut accord later this month but its duration is being discussed, the UAE energy minister said on Monday. “I think this group of committed and responsible producers came together… and I think they will continue to do what it takes to take us to the next level,” United Arab Emirates Energy ...

Read More »

Driving financial services sector with innovative products

CBN Ag Governor Sarah Alade_510x350 (1)

New financial services’ needs in Nigeria are driving innovations by banks and market regulators, writes STANLEY OPARA Current innovations in the country’s financial market space are helping players to unleash creative juices while taking advantage of emerging technologies. Customers’ changing lifestyles and financial services needs have and will continue to influence and shape how banks create financial products and market them. ...

Read More »

NCAA alerts airline operators on weather hazard

airplane-890x395

The Nigerian Civil Aviation Authority has issued a weather alert to all airline operators indicating hazards associated with Harmattan dust haze in flight operations at this period of the year. A statement by the NCAA General Manager, Public Relations, Mr Sam Adurogboye, on Sunday said the alert was important as Harmattan was a threat to aircraft particularly in areas of ...

Read More »

Experts, ACCI disagree with IMF on tax holidays

IMF

The Abuja Chamber of Commerce and Industry, as well as some finance and economic experts, on Friday disagreed with the call by the International Monetary Fund that the Federal Government should stop granting tax waivers and exemptions to companies. The IMF had advised the Federal Government to urgently revisit tax holidays and exemptions given to companies. It specifically urged Nigeria ...

Read More »

Mambilla: FG, Chinese consortium sign $5.8bn power plant agreement

BEIJING, CHINA - APRIL 12:  President of the Federal Republic of Nigeria Muhammadu Buhari (L) and Chinese President, Xi Jinping (R) shake hands during the signing ceremony at Great Hall of the People on April 12, 2016 in Beijing, China. (Photo by /Kyodo News - Pool/Getty Images)

The Federal Government and a consortium of three Chinese firms on Friday signed an agreement for the construction of the 3,050 megawatts Mambilla Hydroelectric Power Plant worth $5.79bn. According to the government, the project which is being constructed in Taraba State is expected to be completed in six years. Funding for the power plant will come from China and the ...

Read More »

Tandoh replaces Tinubu as LSSC boss

L-R Hon. Alderman Roger Gifford, Lord Mayor of the City of London, Gov. Babatunde Fashola of Lagos state and Mr. Peter Carter, Deputy British High Commissioner in Lagos, During the Lord Mayor of the City of London visit Governor of Lagos state in Ikeja. Photo: Bunmi Azeez

A former Director of Sports at the Lagos State Sports Council, Dr. Kweku Tandoh, has been appointed as the Chairman of the Lagos State Sports Commission by the state governor, Akinwunmi Ambode. The governor also appointed Babatunde Bank-Anthony as the new Director-General of the commission. Bank-Anthony was the former Executive Secretary of the Lagos State Sports Endowment Funds. The appointments ...

Read More »

Cement: Nigeria saves $2bn yearly from local production

osinbajo

The Executive Chairman of BUA Group, Abdulsamad Rabiu, has stated that over $2bn is saved yearly from more than 25 million metric tonnes of cement produced by local manufacturers. This, he said, could be attributed to recent investments in the cement industry. He stated this at the end of the Presidential Industrial Advisory Council meeting chaired by Vice-President Yemi Osinbajo. ...

Read More »

There won’t be fuel queues in December – NNPC

Oil

The country will not experience fuel queues this end of year festive season, the Nigerian National Petroleum Corporation has assured the citizens. It said on Tuesday that the Petroleum Products Marketing Company had been directed to sustain steady petrol supply during and beyond the Christmas and New Year festive season, which usually witness supply hiccups. The Group Managing Director, NNPC, ...

Read More »

FG okays 13-year technology road map for Nigeria

nigeria

The Minister of Science and Technology, Dr. Ogbonnaya Onu, has said the Federal Government has approved a 13-year National Science, Technology and Innovation Road Map to transform Nigeria from a resource-based to a knowledge-based economy. The minister stated that the NSTIR would cover 2017 to 2030, noting that the Federal Executive Council gave the approval for the plan to help ...

Read More »

FG saves N4.7bn monthly through TSA – Buhari

buhari

President Muhammadu Buhari on Tuesday said his administration was saving about N4.7bn monthly through the full implementation of its policy on the Treasury Single Account. He said over 20,000 bank accounts belonging to the Federal Government had so far been consolidated into one. Buhari disclosed this while declaring open the 2017 e-Nigeria Conference organised by the National Information Technology Development ...

Read More »

NCC allows telecom operators to trade in spectrum

ncc

The Nigerian Communications Commission has said telecommunications operators and other licensees of the commission can begin trading in spectrum in the next one month. The Executive Vice Chairman of the commission, Prof. Umar Danbatta, said this in Abuja while speaking with journalists at the review of the submissions made by stakeholders on the Draft Spectrum Trading Guidelines. Spectrum can be ...

Read More »

Dangote pledges $100m to tackle malnutrition in Nigeria

dangote

The Aliko Dangote Foundation has pledged to invest $100m over five years to tackle malnutrition in the worst-affected parts of Nigeria. The foundation made the pledge at the recently concluded Global Nutrition Summit 2017, held in Milan, Italy, which brought together governments, international agencies, foundations, civil society organisations and businesses to accelerate the global response to malnutrition, an underlying cause ...

Read More »

We’ll use ICT to tackle graduate unemployment – NITDA

unemployment

Nigeria must employ entrepreneurship in Information and Communications Technology to tackle graduate unemployment, the Director-General of the National Information Technology Development, Dr. Isa Ibrahim, has said. Ibrahim said this at a stakeholders’ meeting on the ICT entrepreneurship in Abuja, saying it was in the realisation of this that NITDA created a subsidiary known as the Office for ICT Innovation and ...

Read More »