Business news
Fidelia Okafor. Dangote Cement and Tanzania have struck a deal on the supply of natural gas to the firm’s manufacturing plant in the country after negotiations stalled over prices, John Magufuli, Tanzanian president said. The cement factory in the southeastern town of Mtwara, Tanzania shut down recently due to high energy costs and epileptic power […]
Fidelia Okafor. A directive has been issued by the federal government to ban the importation of vehicles through the land borders. This ban covers both new and used vehicles and is to take effect from January 1st, 2017. The ban follows the presidential directive limiting all vehicle imports to Nigeria sea ports only. This prohibition […]
Winifred Bosa. The war against piracy was brought to a new level as some major movie markets in the country which include Balogun, Idumota and some parts of the South-West region such as Ogun and Osun were raided by the National Film and Video Censors Board (NFVCB). Some culprits were apprehended and arrested. Mr. Joseph […]
Fidelia Okafor Vice President Yemi Osinbajo had said yesterday, that the Federal Government was passionately committed to supporting local manufacturers to excel in their various business concerns. Osinbajo, who was on a visit to the Onitsha industrial layout known as Onitsha harbor yesterday, said that he was sent by the President Mohammadu Buhari to come […]
Fidelis Okafor Ikeja Electric (Formerly Ikeja Disco) has clearly stated that it cannot continue with its metering project under present circumstances thereby causing the consumers not yet metered within the network controlled by them to wait longer than expected. The company complained that current exchange rate has made it impossible to continue to implement such […]
Fidelia Okafor A truck load of energy saving bulbs suspected to be substandard products has been intercepted and confiscated by the Standard Organisation of Nigeria (SON). The SON enforcement officials said that the products failed parameter tests carried out on them prescribing the number of hours the bulbs would last before expiration. The team led […]