Business news
Activities resumed for the week on the Nigerian Stock Exchange (NSE) on Wednesday on an upward trend after the long holidays to mark Eid-el-Fitr. The All-Share Index rose by 535.16 points or 1.66 per cent to close at 32,657.30 compared to 32,122.14 posted on Friday due to price gains by major blue chips. Also, the […]
The Nigerian Civil Aviation Authority (NCAA) has advised operators of Global System for Mobile Communications (GSM) to ensure they obtain Aviation Height Clearance (AHC), Permits and Licenses before construction of high-rise structures. The agency also issued similar advice to landing facilities owners, stakeholders and the general public, pointing that such permits like the Aviation Height Clearance and Licences […]
The Bank of Industry, BoI, is borrowing about N1 Trillion from local and foreign development partners to raise its capital base. Managing Director BOI, Olukayode Pitan, gave the indication while inspecting some of the bank’s supported projects in Edo State, stating that the increased capital base would enable the bank to meet the demand of investors […]
Three years after the Pension Reform Act, 2014 mandated public and private sector organisations to increase the minimum pension contribution of both employers and employees to the Retirements Savings Account of workers from 15 per cent of the total monthly emolument to 18 per cent; the Federal Government has yet to comply with the law. […]
The Nigeria LNG Ltd., has announced that 2017 recorded the highest number of entries for the NLNG sponsored “The Nigeria Prize for Science’’, worth 100, 000 dollars. Acoording to Independent Newspapers Kudo Eresia-Eke, NLNG’s General Manager, External Relations, disclosed this at an event to hand over the entries to panel of judges, in Lagos. He […]
The International Institute of Tropical Agriculture, Ibadan, has stressed the importance of innovation in agriculture, as it is one way of attracting youths to the sector. The IITA acknowledged that agriculture was a wealth creator, but added that the wealth would not be created by treating agriculture the way it was treated in the past. […]
The Federal Government is seeking a loan of $5bn from the World Bank Group to boost power availability in Nigeria, investigation has shown. The World Bank had in April stated that a powerful delegation from Nigeria was in Washington DC to discuss assistance for the nation’s power sector, but did not disclose the details of […]
African music star, previous winners of All Africa Music Awards (AFRIMA), have urged their colleagues in the African music industry to enter for the ongoing 2017 AFRIMA for the opportunity to own one of the coveted 23.9karat gold-plated AFRIMA trophy. The AFRIMA 2017 call for entries which opened on the AFRIMA website www.afrima.org on May […]
Conoil plc, the nation’s foremost indigenous petroleum marketer hasdeclared a profit before tax of N4.28 billion for its last financial year. Overall, the company’s financial performance obtained on Friday, 16 June from the Nigerian Stock Exchange shows persistent resilience amidst challenging economic conditions in the country. The company’s result shows growth across all key financial indices. Its […]
Amaka Obiefuna. CBN, the Central Bank of Nigeria is urging members of the public to desist from ill handling of the nation’s currency, the naira. The central bank stressed that the cost of maintaining the naira note was expensive, while also urging members of the informal sector to embrace the various e-payment options in the […]