Business news
The importation of rice into Nigeria dropped by 88.4 per cent in one year, the Federal Government announced on Friday. It stated that rice importation dropped from 500,000 metric tonnes imported in 2015 to 58,000MT in 2016. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, disclosed this to delegates who participated at the […]
Governor Rauf Aregbesola of Osun State says improved productivity in various sectors of the economy will help the country to achieve economic prosperity. To reduce the pervading social vices in the country, Aregbesola also said there was a need to engage young minds in wealth creation and promote dignity of labour. The governor spoke against […]
The Group Chief Executive Officer, Old Mutual West Africa, Mr. Zomunoda Chizura, has said that making insurance compulsory through regulation will not encourage more Nigerians to embrace it. Chizura explained that Nigerians’ interest in insurance could only increase with attractive programmes, solutions and visible benefits that could be seen across generations. Speaking during a customers’ […]
The Director-General, Manufacturers Association of Nigeria, Mr. Segun Ajayi-Kadir, has urged the Federal Government to intensify efforts so that the country’s economy will not relapse into recession. He warned that if the country did not sustain the growth in productivity that had helped the economy exited recession, there could be a relapse. Ajayi-Kadir spoke in […]
The country’s electricity grid recorded a total system collapse on Thursday, the Transmission Company of Nigeria announced on Friday. It, however, stated that the restoration of the grid was at an advanced stage and explained that the total collapse was due to tripping of three generator units at the Egbin power generation station in Lagos. […]