Business and Economy
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Debt: AMCON takes over Sigma Apartments, Abuja
Hon. Justice B.F.M. Nyako of the Federal High Court Abuja Division has granted an order for Asset Management Corporation of…
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Skye Bank doles out instant prizes to loyal customers in its new Money Transfer Promo
Skye Bank Plc., has flagged off its Money Transfer promo tagged “Skye Money Transfer promo” aimed at rewarding the bank’s…
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NLNG seeks $7billion for sustainability, Train 7 expansion; Awards FEED contracts for Train 7
In the build-up towards Final Investment Decision (FID) later in 2018, Nigeria LNG Limited (NLNG) is seeking $7 billion from…
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Nigeria, Google to partner on global digital access – Osinbajo
By Donald Ugwu The Federal Government on Tuesday gave the assurance that it would partner premier internet provider, Google,…
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FAAC: FG, states again, fail to share May revenue
By Racheal Ishaya/Joy Umeh The monthly Federation Account Allocation Committee (FAAC) meeting has again ended in a stalemate as Federal and…
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NIMASA seeks special interest rate for maritime asset acquisition …As Dakuku solicits stakeholders support to grow industry …Says Eastern Ports key to economic development
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has disclosed that the Agency…
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Court orders immediate release of UK properties belonging to Aiteo boss, Benedict Peters
In a landmark ruling on Friday July 6, 2018, the Federal High Court in Abuja, Nigeria has directed…
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Mercedes-Benz posts new record of more than 1.18 million cars sold in first half-year
Best half-year in the companies’ history: 1,188,832 cars sold (+3.9%) Strongest quarter of all time (594,528 units, +1.9%) More…
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Konga Compliance debuts to boost standards
In its bid to uplift ethical standards in the African e-commerce space and raise the bar in customer satisfaction, e-commerce…
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Saraki commissions road, fertilizer project in Port Harcourt
President of the Senate, Dr. Abubakar Bukola Saraki, on Saturday, commissioned the Obiri Ikwerre – Airport Road in Port Harcourt,…
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NIMASA, IMO technical cooperation critical to Nigeria’s economic growth
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that Nigeria will…
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CBN renews mandate of Skye Bank’s board of directors
By Olawunmi Ashafa The Central Bank of Nigeria (CBN) has renewed the mandate of the board of Skye Bank…
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University of Nigeria Nsukka owes Enugu Govt. N12billion tax debts, may be sealed off; As govt moves to recover N30bn unpaid taxes, seals 8 firms
The Enugu State Internal Revenue Service (ESIRS) has commenced the recovery of over N30 billion non-remitted taxes by companies, agencies…
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Court fixes Oct. 29 to hear suit challenging allowances of lawmakers
By Sandra Umeh A Federal High Court in Lagos on Tuesday, ordered that hearing notices be issued and served on…
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NNPC targets 1bn crude oil reserves yearly – Baru
By Yunus Yusuf Dr Maikanti Baru, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC) said the corporation would…
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N5.4trn debt: AMCON to seize assets of debtors, says negotiation time over
By Ifeanyi Nwoko The Assets Management Company of Nigeria (AMCON) has said that there will be no more room for…
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SAS urges organizations to embrace Analytics and Artificial Intelligence
In a rapidly changing business environment, businesses are under pressure to not only comply with constantly changing regulations but also…
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FOREX: CBN boosts Retail Segment with $318.73m
Customers in the retail segment of the Nigerian inter-bank foreign exchange market received a $318.73m boost from the Central Bank…
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Adeosun gives reasons for FAAC deadlock
By Folasade Folarin The Minister for Finance, Mrs Kemi Adeosun, says the Federation Accounts Allocation Meeting (FAAC) ended in…
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Only 350 Nigerians responsible for 80% of N5.4trn debt; It must be recovered, whether the debtors like it or not – AMCON
By Ifeanyi Nwoko The Asset Management Corporation of Nigeria (AMCON), says that only 350 Nigerians are responsible for more than…
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Max Air joins Nigerian domestic market
By Sumaila Ogbaje The owners of Max Air Limited have concluded plans to venture into the Nigerian domestic air…
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European Investment Bank plans €700m investment in Nigeria – official
By Isaac Aregbesola Ms Isabelle Grunderbeeck, the Regional Representative for West Africa of European Investment Bank (EIB), says the…
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NCC determines to provide quality service to subscribers – Danbatta
By Constance Imasuen Prof. Umar Danbatta, Executive Vice-Chairman of Nigerian Communications Commission (NCC), on Monday, said the commission was…
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FIRS contributed more than N4Trn to 2018 Budget – Fowler
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has said that of the N9.3 trillion 2018 federal…
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