Business
NNPC meets NARTO, as tanker drivers begin strike today
The leadership of the Nigerian National Petroleum Corporation (NNPC), will be meeting the leaders of the Petroleum Tankers Drivers (PTD) section of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) and the National Association of Transport Owners (NARTO) today as part of efforts to avert the strike planned…
Read More »Lack of portable water in Nigeria, responsible for increase in packaged water: Experts
Despite the economic crunch and the challenges of doing business in Nigeria, the consumption of packaged water popularly known as bottled water will continue to increase. This, experts attributed to lack of portable water in Nigeria. They said this at the just concluded agrofood & plastprintpack Nigeria trade show in…
Read More »Dividend: Access Bank rewards shareholders with N18.8bn
Access bank is rewarding its shareholders with a total dividend of N18.8 billion for the year ended December 31, 2016. The dividend translates to 65 kobo per share, up from 55 kobo per share received in 2015. The bank made the approval at its 28th Annual General Meeting (AGM) last…
Read More »Fine: MTN Pays another N30bn
Telecommunications giant, MTN has made another N30 billion to the federal government as a part settlement of the N330 billion fine imposed on the telecoms group for not disconnecting unregistered SIM cards. Quoting an MTN source, Reuters said the telco made the payment in fulfilment of agreement with the government…
Read More »CBN declares Thursday, March 30, Financial Literacy Day
The Central Bank of Nigeria has declared Thursday March 30, Financial Literacy Day, even as Nigeria joins the rest of the world to mark this year’s Global Money Week. Working in collaboration with 29 financial institutions and Junior Achievement Nigeria (JAN), the CBN also directed chief executives of banks across…
Read More »FG bans importation of packaged tomato paste
The Federal Government has banned the importation of tomato past, powder or concentrate, and increased the tariff on importation of tomato concentrate among others from five to 50 per cent. The government through the Ministry of Industry, Trade and Investment, said the move is aimed at reviving the tomato sector.…
Read More »Auction: Biafra’s silver coin rakes $8,813
A forty-seven year old rare modern silver coin from Biafra realised about $8,812.50, including the 17.5 per cent buyer’s fee, in a recent auction held between January 19 and 22. This is coming Forty seven years after the Federal Government of Nigeria engaged Biafra in a civil war. The silverware,…
Read More »Food security: Chi Farms to empower 1000 fish farmers
A group of 22 women has successfully received training in ‘best practices in professional fish farming’, at one of Chi Farms’ catfish hatchery sites in Sagamu, Ogun State. Members of the group, are first beneficiaries of a total of 1000 fish farmers drawn from the north and southern part of…
Read More »Forex diversion: Reps summon Emefiele, Kachikwu
The House of Representatives on Thursday invited the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, and the Minister of State for Petroleum Resources, Dr Ibe Kachikwu to appear before it on Monday, April 7. The House ad hoc Committee on the Review of Petroleum Pump Price, which…
Read More »Niger Delta Development Bank underway
The Niger Delta region will soon have a development bank, that is, if the statement of the newly appointed Managing Director, Niger Delta Development Commission (NDDC), Nsima Ekere, is anything to go by. Nsima said on Wednesday that the federal government is working towards the establishment of a Niger Delta…
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