Business

Nigeria Employers’ Consultative Association (NECA), has taken a swipe at the government for the turn of event at the 2017 National Workers Day Celebration in Abuja. Aggrieved Nigerian workers had barred government officials which included the leadership of the National Assembly and some Federal Ministers from delivering their prepared addresses…

The Nigerian electricity grid has lost 429 megawatts (mw) last Sunday as it dropped to 3,598mw, when the April month ended. Industry statistics obtained yesterday indicated that generation had fluctuated significantly from the 4,518mw attained earlier in the week to a low level of 113mw, with a total system collapse…

Sterling Bank Plc has debunked reports that it sacked 650 staff members. The bank said in a statement on Thursday that the affected workers were not workers of the bank but were assigned to the bank. It said that the affected workers were returned to the service providers that had…

Alcoholic beverage manufacturer, Guinness Nigeria Plc, has recorded a Q3 revenue growth of 29%. Guinness, a subsidiary of Diageo Plc, made the announcement in its unaudited results for the nine months ended 31 March, 2017. The results detail revenue growth of 29% and a 6% increase in gross profit when…

The Federal government is targeting to improve the country’s image on ease of Doing Business. To do this, the government has released a fresh reform to consolidate and deepen the impact of the ease of doing business plan in Nigeria. The Presidential Enabling Business Environment Council (PEBEC) on Wednesday released…

People, who are looking for a vehicle that will answer all of their transportation need, will find the answer in the new Mercedes-Benz Sprinter. The Mercedes-Benz Sprinter is a spacious, refined van that offers mobility in an economical and sustainable manner. With its low emissions and fuel consumption, the Mercedes-Benz…

The Nigerian Civil Aviation Authority, NCAA, has begun investigation into the smoke in an Aero Contractors aircraft enroute Lagos from Port Harcourt. Sam Adurogboye, General Manager, Public Relations, NCAA, confirmed the development to the News Agency of Nigeria in Lagos on Wednesday. The Aero Contractors flight NG316 was engulfed in…

Enugu Electricity Distribution Company (EEDC) has embarked on a sensitisation program on the Smart Prepaid Meters currently being deployed to its customers across the South east. The move, the company said is aimed at educating its numerous customers about the prepaid meters. EEDC said in a statement that the rational…

The Association of Nigeria Electricity Distributors (ANED), an umbrella body of electricity distribution companies (Discos) in the country, have kicked against the plan by the federal government to escrow the revenue accounts of the distribution companies. Sunday Oduntan, Executive Director of ANED, who also stated in a statement on Monday…

The Management of Enugu Electricity Distribution Company (EEDC) has restated its commitment to serve its customers in the South eastern states despite the vote of no confidence passed on it by the Enugu State House of Assembly. EEDC who described the action by the lawmakers as unfair said its commitment…