Posted in NAIJA BIZ

Confluence Rice Factory Set To Be Inaugurated In March

Kogi Government on Wednesday said its Confluence Rice Factory, Omi, would be inaugurated in March as part of efforts to join leading rice producing states…

Continue Reading...
Posted in NAIJA BIZ

World Bank Predicts 2.5% Growth For Nigeria In 2018

The World Bank forecasts that economic growth in Nigeria would edge up to at least 2.5 per cent in 2018, as the country benefits from…

Continue Reading...
Posted in NAIJA BIZ

IHG threatens to exit Nigeria, Skye Bank’s receiver speaks

Intercontinental Hotels Group (IHG) has threatened to pull out of Nigeria. The company is alleging breach of contract by Messrs Kunle Ogunba, the Skye Bank…

Continue Reading...
Posted in NAIJA BIZ

Ex-petroleum minister wants IPMAN licenses revoked

A former Minister of Petroleum, Alhaji Umaru Dembo, on Tuesday advocated for revocation of licences granted members of Independent Marketers’ Association of Nigeria (IPMAN) to…

Continue Reading...
Posted in NAIJA BIZ

Naira Sells At N361.5 Per Dollar At Parallel Market

The Naira was sold at N361.5 to the Dollar at the parallel market on Tuesday. The Pound Sterling and the Euro were also sold at…

Continue Reading...
Posted in NAIJA BIZ

N100bn Shortfall: FG Orders Contractors To Show TIN Before Payment

The Federal Government has ordered vendors of Ministries, Departments and Agencies (MDAs) to display their Tax Identification Numbers (TINs) on their invoices before payments are…

Continue Reading...
Posted in NAIJA BIZ

NIPOST Commended For E-stamp Initiative

Mr Reuben Odiri, a telecom expert says the initiative by the Nigerian Postal Service (NIPOST) to introduce e-stamp is commendable as it will encourage the…

Continue Reading...
Posted in NAIJA BIZ

FG Mismanaged $500m Chinese Loan

Comrade Abdulrazak Saidu, the General Secretary of the Association of Nigeria Aviation Professional (ANAP), has alleged that that the recent $500 million loan secured from…

Continue Reading...
Posted in NAIJA BIZ

Nigeria Foreign Reserves Hits $40.4 Billion

Nigeria’s foreign reserves reached $40.4 billion as of Jan. 5, an increase of roughly $1 billion from December, the Central Bank of Nigeria, CBN, said…

Continue Reading...
Posted in NAIJA BIZ

Prices of rice drops by 25%

A check at Gamboru and Customs Area Markets in Maiduguri indicated that prices of the commodity had dropped in the past two months since the…

Continue Reading...
Posted in NAIJA BIZ

Fowler Named Among World’s 50 Most Influential Tax Person

Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has been named among the world’s 50 most influential tax personalities and institutions by…

Continue Reading...
Posted in NAIJA BIZ

ONEm is launching mCoin, the first Digital Currency accessible without the Internet

ONEm, based in London, is launching mCoin, a unique digital currency, in collaboration with top cryptocurrency technologists. Differing from all other digital currencies, mCoin is…

Continue Reading...
Posted in NAIJA BIZ

NSE Index Down By 0.20%, Closes On Negative Trend

Trading on the Nigerian Stock Exchange (NSE) on Wednesday recorded low gain, with the All-Share Index dropping by 0.21 per cent. The index closed lower…

Continue Reading...
Posted in NAIJA BIZ

Abuja – Kaduna Rail Service To Transport 1m Commuters Annually

The Abuja – Kaduna railway service will be boosted by additional rolling stock on Thursday and will be able to handle one million commuters annually,…

Continue Reading...
Posted in NAIJA BIZ

Nigeria’s Gas Production Rose By 20.23% In 2015

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Friday said Nigeria’s gas production rose by 20.23 per cent in 2015. NEITI said this in Abuja…

Continue Reading...
Posted in NAIJA BIZ

Poultry Industries Closing Down Due To Shortage

Mr Tunji Adenola, the National President of Maize Association of Nigeria (MAAN), says poultry industries across the country are closing down because of shortage of…

Continue Reading...
Posted in NAIJA BIZ

NBS reveals number of Nigerians unemployed under Buhari’s govt

The National Bureau of Statistics (NBS) has said an estimated eight million Nigerians became unemployed between January 2016 and September 30, 2017. This unemployment survey…

Continue Reading...
Posted in NAIJA BIZ

Tax Evasion: Firm Reopens Sealed Dredging Site In Bayelsa

The Azikel Group, an indigenous sand dredging firm, has resumed business in spite of the sealing of its sitee by Bayelsa Board of Internal Revenue…

Continue Reading...
Posted in NAIJA BIZ

Stocks Boost NSE Market Indicators By 1.09%

The market indices of the Nigerian Stock Exchange (NSE) appreciated further on Thursday with a growth of 1.09 per cent following gains by some highly…

Continue Reading...
Posted in NAIJA BIZ

Mining Added N3.5bn To Federal Account In 2017

The Ministry of Mines and Steel Development said it contributed N3.5 billion to the Federation Account in 2017. Dr Kayode Fayemi, the Minister of the…

Continue Reading...