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Business news

Month: August 2017

President Buhari mourns Nigerian renowned Journalist

President Muhammadu Buhari has sent his condolence to the family of former Managing Director of Champion Newspaper Nigeria and one of Africa’s foremost Public Relations practitioners, Bob Ogbuagu. President Buhari also commiserates with all the professional colleagues of the late Ogbuagu. “Ogbuagu consistently followed the path least travelled by many in his profession in order […]

NNPC tasks indigenous companies to bid for 30 marginal fields

Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC) has urged members of the Independent Petroleum Producers Group (IPPG) to participate in the forthcoming bid round for 30 marginal oil fields. A statement by NNPC Spokesperson, Mr Ndu Ughamadu in Abuja , said Baru made the call when he received a delegation […]

Ease of Doing Business: FG moves to improve ranking

The Federal Government says all tiers of government are working actively  to improve the country’s 2018 ranking on the Ease of Doing Business. Mr Aminu Bisalla, Permanent Secretary, Ministry of Industry, Trade and Investment, said this in Abuja on Thursday at a meeting with the commissioners for trade and commerce from the states. “All arm […]

Nigerian Stock Exchange moves 422.45m shares worth N3.25bn

Volume of shares traded on the Nigerian Stock Exchange (NSE) has improved by 77.38 per cent as 422.45 million shares worth N3.25 billion were traded in 3,618 deals. This was against 238.16 million shares valued at N5.49 billion traded in 4,162 deals on Thursday. Unity Kapital was the most active stock, accounting for 231.41 million […]

AIB Investigators Leave Nigeria For São Tomé To Investigate AN-74 Crash

The crash of  An – 74 aircraft, which occurred last week on the West African island has made a team of accident investigators from Nigeria’s Accident Investigation Bureau (AIB) left Lagos for São Tomé to commence investigation into the crash. The invitation to Nigeria’s AIB came from São Toméand Principe through the Banjul Accord Group Accident […]

MAN Rejects Arrest Threat on 30 CEOs of Some Companies by Senate

The president of Manufacturers Association of Nigeria MAN, Frank Udemba Jacobs opposed the order on the issuance of arrest order on some CEOS of MAN member companies The full text of the press released yesterday: The issue I am about to raise might not be new to you, given the fact that the threat to […]

Arewa youths make a U-turn, say Igbo can stay in North

The Coalition of Northern Groups has withdrawn the quit notice given to the Igbo living in the North to leave before October 1. The withdrawal of the quit notice was announced in Abuja on Thursday evening by the leaders of the group at a press conference. Before the announcement was made, members of the group […]

VCs, ASUU reject 120 cut-off mark for varsity admission

SOME Vice-Chancellors and the Academic Staff Union of Universities have rejected the decision of the Joint Admissions and Matriculation Board to peg admission cut-off mark at 120 for universities and 100 for polytechnics, monotechnics and colleges of education. ASUU said the action, which it described as a “sad policy decision,” was in tandem “with the […]

Group seeks support for Small Medium Enterprises

Small and Medium Enterprises, SME’s in Nigeria deserves all support in order to compete favourably in the competitive market. The Chairman of the Lagos Chamber of Commerce and Industry, Small and Medium Enterprises Group LCCI SME, Jon Kachikwu stated this at the LCCI SME Group seminar held in Lagos. Mr Kachikwu says the SME’s contributes […]

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