Breaking News
Home / BUSINESS (page 17)

BUSINESS

Ambode warns parents against street trading

street-trading

Lagos State Governor, Akinwumi Ambode, has urged parents to endeavour to respect the Child Right Law provisions of the state.The appeal came as he advised them to desist from engaging their children in street trading during school hours. Ambode stated this while presenting 250 West African Senior School Certificate Examination ...

Read More »

Buhari Sacks NPA MD, Sanusi Ado Bayero

ado_bayero_-_now

President Muhammadu Buhari has terminated the appointment of the Sanusi Ado Bayero, managing director of the Nigeria Ports Authority (NPA). According to Femi Adesina, presidential spokesman, the termination of Bayero’s appointment is with immediate effect. “He is to hand over the management of the NPA and all government property in ...

Read More »

NIGERIA LOST OVER $1BN TO GAS FLARING IN 2014

Nigeria-map

Nigeria lost over N225 billion ($1 billion) to gas flaring in 2014 alone, while about 295 billion standard cubic feet of natural gas was flared in nine months, according to the Lead Director, Centre for Social Justice (CSJ), Eze Onyekepere. Onyekepere, while speaking with journalists in Abuja on Monday, during ...

Read More »

‘Why Buhari won’t sell refineries’

Port-Harcourt-refineries-e1427761827730

• Stakeholders’ expectations from new NNPC’s directors • Want focus on self-sufficiency in petroleum products STRONG indications have emerged in Abuja that President Muhammadu Buhari may not be in a hurry to sell Nigeria’s three refineries. It was understood he may not do so because it may place the economy ...

Read More »

Customs impound N31m smuggled poultry

1

The Western Marine Command of the Nigeria Customs Service has announced its latest seizure of 3,221 cartons of smuggled poultry worth N19.326m. This brings the total worth of smuggled poultry impounded by the command since the launch of Operation Hawk Descend to N31m. In a statement to our correspondent, the ...

Read More »

Med-View Airlines to commence operations into London, Jeddah

384655

Indigenous carrier, Med-View Airlines, is to commence direct flight operations from Lagos to London, United Kingdom; Jeddah, Saudi Arabia and Dubai in the United Arab Emirates (UAE), according to its Managing Director/CEO, Alhaji Munuer Bankole. Bankole who spoke to journalists while taking delivery of a new Boeing 767-300ER bought by ...

Read More »

Power firms: Military, govt agencies, others owe us N26bn

powerplant

The Association of Nigerian Electricity Distributors, a group of 11 Energy Distribution Companies, may begin disconnection of power supply to military formations as well as Ministries, Departments and Agencies at every level of government as debts owed the power firms by the agencies stand at N26bn.‎ Speaking with journalists in ...

Read More »

World Bank Appoints Arunma Oteh, Vice President And Treasurer

arunma-oteh-jide-salu

Nigeria’s immediate director general of its Securities and Exchange Commission, Arunma Oteh, has been appointed as Vice President and Treasurer of the World Bank. According to a statement from the World Bank, Oteh, whose appointment takes effect from September 28, 2015, will manage and lead a large and diverse team ...

Read More »

World Bank predicts increase in global crude prices

worldbank

The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices rose 17 per cent in the April to June quarter. The forecast is contained in the bank’s latest Commodity Markets Outlook released on Wednesday. The bank ...

Read More »

Toyota launches new generation seven-seater Fortuner

Toyota_Vanguard_1

Toyota has unveiled a second generation of its famous sport utility vehicle, Fortuner, riding on the global success of the outgoing model. The 2016 seven-seater family SUV was unveiled simultaneously last week in Australia and Thailand. No date has been fixed yet for its launch in other markets, including Nigeria. ...

Read More »

States owing salaries overlook N450bn internal food market

food-market

Eighteen states of the federation which are owing their workers a total of N660 billion in salaries for between two and nine months are not taking full advantage of opportunities inherent in their monthly food markets, collectively worth about N450billion. If these state governments put on their thinking caps and ...

Read More »

Petrol subsidy hits N1.69bn daily

Fuel-Scarcity

The Federal Government now incurs about N1.69bn daily to subsidise petrol consumption, OKECHUKWU NNODIM writes Nigeria currently spends N1.69bn daily as subsidy on petrol despite the decline in the country’s oil exports and the resultant squeeze on the nation’s revenues. While industry experts and highly placed politicians canvass the stoppage ...

Read More »

CBN moves to encourage local rice production

connectnigeria-rice-production-generates-N400B-to-Nigerias-economy-e1416324376327

Central bank of Nigerian, CBN governor Godwin Emefiele has reiterated the need for Nigerians to embrace local food production as one of the ways of conserving scarce foreign currency. He stated this weekend during a meeting with Officials of State Governments and Rice Processing Companies in Abuja. According to him, ...

Read More »
Translate »