Business

Traders in a Nigeria market. The prices of food items have gone up ahead the Eid-el-Kabir festival. News Agency of Nigeria (NAN) reported that prices of some basic food items have increased between five to 10 per cent in some markets in Lokoja in Kogi. A visit to the Old…

Daimler is revolutionising truck division to meet the demand for online shopping whilst cutting CO2 emissions, according to a report by The Global Energy Challenge. Think tank Agora says that 38% of European road emissions come from heavy duty vehicles. Emissions from trucks and buses have risen at a rate…

First Bank of Nigeria has reacted to a trending video of a customer being assaulted at one of its branches in Lagos. The bank which described the incident as unfortunate said it is currently under investigation. Issuing a statement through its verified Twitter handle, the bank revealed that it was…

Three men were on Wednesday arrested by men of the Nigerian Police, Ogidi division, Anambra State, for assaulting staff of the Enugu Electricity Distribution PLC (EEDC). The assaulted staff of the electricity company were said to be carrying out their legitimate duties in Nkpor area of Anambra State when the…

Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) The Nigeria Employers’ Consultative Association (NECA) has urged the Central Bank of Nigeria (CBN) to revisit its planned restriction of foreign exchange for importation of milk. NECA made the call in a press statement on Thursday in reaction to the statement by…

Paul Maduakor, CEO, Haggai Sports Wear. Indigenous textile manufacturer and Chief Executive Officer, Haggai Sports Wear, Paul Maduakor, has given thumbs up to the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele’s effort in revamping the cotton, garment and textile industry. Maduakor gave the thumbs up for the apex…

Tolu Adeleke Leading professional services firm, PwC Nigeria has announced the admission of one new partner into the firm’s partnership, effective July 1, 2019.  The new partners Tolu Adeleke is a Fellow of the Institute of Chartered Accountants of Nigeria with national prizes at two consecutive stages of the ICAN…

Ikeja Electric Plc (IE) has commenced the roll out of meters for customers in the Shomolu Business Unit under the Meter Asset Provider scheme. The Disco, which has just completed the installation of meters for all residents of Unilag Estate in Isheri, announced that it has also commenced metering of…

The organised labour have alerted Nigerians that plans were underway to embark on industrial action if the current state of affairs as regards the issue of consequential adjustment arising from the new national Minimum wage of N30,000 per month remains the same. Labour which is operating under the aegis of…

Electricity distribution company, Ikeja Electric (IE) has released a statement following the company’s suspension from the electricity market by Market Operator. The statement reads: “Our attention has been drawn to the publication issued by the Market Operator (MO) suspending Ikeja Electric (IE) from the electricity market. “By way of setting…