Business news
The National Agency for Food and Drug Administration and Control said it had arrested Mr. Obumneme Okpala, a man suspected to be behind a syndicate specialising in the importation, distribution, warehousing and sale of counterfeit insecticides. According to the agency, the market value of goods recovered from Okpala is N50m, adding that the product was […]
Contractors handling the rehabilitation of the Apapa/Ijora roads in Lagos are reportedly facing challenges in relocating gas pipelines and underground electric cables in the area to enable the work progress smoothly. The relocation of the facilities came with additional costs that were not factored into the initial budget, the Managing Director, Nigerian Ports Authority, Hadiza […]
The House of Representatives has queried loans totalling $1.5bn taken from foreign creditors by the Transmission Company of Nigeria. This is in spite of a separate $500m loan, which the power firm is already negotiating with the Islamic Development Bank. The House resolved on Wednesday to investigate the operations of the TCN in the past […]
Spain will seek to suspend Catalonia’s autonomy unless the region’s leader abandons his push for independence, the country’s deputy prime minister said Wednesday, 24 hours before Madrid’s deadline. If separatist leader Carles Puigdemont does not provide a satisfactory response by 0800 GMT Thursday, “Mr Puigdemont will provoke the application of article 155 of the constitution,” […]
The National Association of Nigeria Nurses and Midwives has called for its inclusion in the formulation of Federal Government’s health policies. The National President of NANNM, Mr AbdulRauf Adeniji, made the call on Wednesday in Ibadan in an interview with the News Agency of Nigeria. He said that inclusion of nurses in policy formulations would give […]
Amaka Obiefuna. The Nigeria Deposit Insurance Corporation (NDIC) has been conferred with the Special Recognition and Commendation Award for Excellence in Banking (Public Service) at the Business Day Banking Awards 2017 which was held on October 14, 2017. In a letter of commendation to the Corporation, the awards committee anchored by Business Day Research […]
The Nigerian National Petroleum Corporation on Tuesday announced that it had stored over two billion litres of Premium Motor Spirit, also known as petrol, to ensure a hitch-free end-of-year movement of motorists. It said the end-of-year period had been hitherto characterised by scarcity of fuel due to supply and demand disequilibrium. Speaking after his investiture […]
l-r: Adetola Fadeyi, Head Wealth Management, United Capital Plc; Frank Aigbogun, Publisher, Presenting the best bank in support of the real sector trophy to the Usman Isiaka, Head, Strategic Business Unit, Lagos at the BusinessDay Banking Awards, 2017 during the weekend. Pan-African banking group, United Bank for Africa (UBA) Plc, at the weekend was recognised for […]
The Nigerian-equities market three-day gains were reversed at the close of trade on Tuesday as the Nigerian Stock exchange market capitalisation dropped by N103bn in one session. The NSE All-Share Index fell 82 basis points to close at 36,669.61 basis points – implying a moderation in the year-to-date return to 36.4 per cent. A total […]
The National Bureau of Statistics has released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.01 per cent in August to 15.98 per cent in September. In the report released on Tuesday in Abuja, the bureau explained that the drop in the nation’s inflation rate in September was the […]