Business news
The Inspector-General of Police, Ibrahim Idris, said on Thursday that he released two cars for the security of the wife of President Muhammadu Buhari, Aisha, and not for her personal use as alleged by the lawmaker representing the Bauchi Central Senatorial District, Senator Isa Misau. Idris, who spoke through the police spokesman, Jimoh Moshood, said […]
The Federal Executive Council on Thursday approved the establishment of the Road Trust Fund Structure for the country. The Minister of Finance, Mrs. Kemi Adeosun, told State House correspondents after the council’s meeting presided over by President Muhammadu Buhari that the initiative would allow the private sector to get involved in road construction in exchange […]
the Federal Government and the developers of the 540-megawatts Qua Iboe Power Plant signed a Power Purchase Agreement for the development of the $1.1bn electricity generation station on Thursday. The Dangote Group, Nigerian National Petroleum Corporation and Black Rhino Group, an African energy infrastructure company, signed the PPA with the Nigerian Bulk Electricity Trading Plc, […]
the Federal Executive Council on Thursday approved the draft 2018 Appropriation Bill, paving the way for President Muhammadu Buhari to present the document to the National Assembly. The approval was given at a meeting of the council presided over by Buhari at the Presidential Villa, Abuja. The Minister of Budget and National Planning, Udo Udoma, […]
The naira is expected to remain stable across its multiple exchange rates as the currency hit a resistance level for investors and the Central Bank of Nigeria continues to intervene on the official market. According to Reuters, the local unit has hit resistance at 360/dollar for investors as banks are not willing to bid the United […]
The Senator representing Abia Central Senatoral Zone, Dr. Theodore. A. Orji has empowered over 1000 farmers and many thousands artisans, to enable them get out of poverty state. His Media Adviser Don Norman Obinna who disclosed this in Lagos while having a round table discussion with National Association of Agricultural Journalists ( NAAJ) on Tuesday. […]
Amaka Obiefuna Lagos State Pension Commission DG, Folashade Onanuga has advised Pension Fund Administrators (PFAs) and life insurers to work together to build a virile pension industry rather than fighting each other in a bid to retain market dominance. She was speaking at the 2nd National Conference on Insurance and Pension, organised by the National Association of Insurance and Pension Correspondents (NAIPCO). Mrs Folashade […]
Amaka Obiefuna High Chief Dele Fajemirokun, a former Chairman of AIICO Insurance Plc is urging regulators of insurance and pension sectors to tone down on the guidelines meant to supervise the sectors. Mr. Fajemirokun was speaking in Lagos at the 2nd National Conference on Insurance and Pension organised by the National Association of Insurance and Pension Correspondents, (NAIPCO), he said for insurance and pension industries […]
The Director General, Nigerian Maritime Administration and Safety Agency Dr. Dakuku Peterside, said that due to prohibitive Customs duties in Nigeria was one of the factors that led to the collapse of the local shipping industry. Peterside who was represented by the Executive Director, Operations, NIMASA, Rotimi Fashaki, stated this at the 6th Annual Conference […]
Punch Nigeria Limited, the Dangote Group, Chivita, MTN Nigeria, First Bank of Nigeria Limited, Zenith Bank Plc, Glo and Nestle Nigeria Plc have been listed among the top 50 brands in the 2017 edition of the Top 50 Brands Nigeria Awards. According to a report, which was unveiled during the awards on Tuesday, the listed […]