Business and Economy
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Levy: Oyo govt. shuts Obasanjo Farms, 12 others; 13 banks too
By Akeem Abas Ibadan, Sept. 18, 2018 The Oyo State Government on Tuesday shut down Obasanjo Farms and 12 others…
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Continental collaboration key to maritime development – Dakuku — IMO, AU partner AAMA as 4th Conference commences in Egypt
The chairman of the Association of African Maritime Administrations AAMA, Dr Dakuku Peterside has restated the place of continental collaboration…
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Amaechi restates commitment to host 2018 National Council on Transportation
By Taiye Elebiyo-Edeni Abuja, Sept.16, 2018 The Minister of Transportation, Rotimi Amaechi on Sunday restated the ministry’s commitment to host…
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Insurance sector grows premiums from N75 b to over N300 b between 2005 and 2015
The Insurance Sector in Nigeria has continued to enjoy steady growth with Premiums increased from N75 billion to over N300…
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‘I must do the honourable thing and resign’ – Nigeria’s Finance Minister Adeosun (Read full text of resignation letter)
14th September, 2018 His Excellency Muhammadu Buhari President, Federal Republic of Nigeria State House Aso Villa Abuja Dear Excellency, Let me…
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Air Peace signs multi-million dollar agreement with Boeing, to purchase 10 B737 Max aircraft; Fidelity Bank is financier
By Adekunle Williams and Solomon Asowata Lagos, Sept. 13, 2018 Nigerian carrier, Air Peace, has signed a multi-million dollar agreement…
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Regional cooperation: Nigeria, S/Africa, Ghana, Kenya set for maritime pact …As African leaders gather in Egypt for 4th AAMA Conference …Partnership key to realizing robust economy – NIMASA DG
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stressed that…
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NIMASA not responsible for detained seafarers – Chairman, National Seafarers Welfare Board …As Dakuku says no Seafarers, no Shipping
The Chairman of the National Seafarers Welfare Board of Nigeria (NSWBN), Otunba Kunle Folarin has stated that the Nigerian Maritime…
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Ekeh, Zinox boss, may retire in 2021
Indications have emerged that one of Africa’s leading digital entrepreneurs and Chairman, Zinox Group, Leo Stan Ekeh may have decided…
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N1.8bn fine imposed on Stanbic IBTC is in national interest – CBN
By Lilian Okoro and Wumi Ashafa Lagos, Sept. 7, 2018 The Central Bank of Nigeria (CBN) on Friday said the…
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FOCAC: Nigeria has benefited over $5bn in projects, says President Buhari
Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects…
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SNEPCo upgrades Pacelli School for the Blind
A major face-lift came the way of Pacelli School for the Blind and Partially Sighted in Lagos on Friday when…
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Top 50 Brands: Dangote now the most valuable brand in Nigeria
Dangote has emerged as the most valuable brand among the top 50 brands in Nigeria for 2018 unveiled at the…
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Xi announces $60bn financing for Africa
Beijing, Sept. 3, 2018 China will extend a total of 60 billion U.S. dollars of financing to Africa, Chinese President…
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Total E&P to establish N40m Soap manufacturing Plant in Akwa Ibom
By Dennis Udoma Total Exploration and Production Nigeria Limited is setting up a N40 Million Soap manufacturing Plant in Ekpene…
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President Buhari approves appointments of MD, EDs for NSPMC
By Ismaila Chafe Abuja, Sept.1 President Muhammadu Buhari has approved the appointment of Abbas Umar Masanawa as Managing Director of…
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SAMSUNG partners TD to take charge of electronics market
In yet another ground-breaking deal, Sub-Saharan Africa’s foremost distribution company, Technology Distributions Ltd (TD) has been appointed national distributor of Samsung…
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Marriott International’s three loyalty programs unify
Members of Marriott Rewards, The Ritz-Carlton Rewards, and Starwood Preferred Guest can combine their accounts to travel all over the…
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Bank Customers Association of Nigeria holds Summit in Lagos
Bank Customers Association of Nigeria, BCAN, held its 3rd Biennial Bank Customers Summit on Thursday, August 30, 2018. The theme…
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FAAC: Federation revenue declined by N107bn in July
By Racheal Ishaya Abuja, Aug. 30, 2018 Federal, states and local governments on Thursday shared N714.8 billion revenue generated in…
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MTN shares plunge 23% after Nigeria orders repatriation of $8.1bn
MTN Group shares plunged as much as 23 per cent to a nine year low on Thursday, a day after…
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CBN slams N5.87 billion sanctions on Standard Chartered, Stanbic IBTC, Citibank, Diamond; Writes MTN Bank
…Standard Chartered – N2.4 bn …Stanbic IBTC – N1.8 bn …Citibank – N1.2 bn …Diamond Bank –…
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Video: How British Prime Minister was received in Lagos
By Franklin Ohaegbu & Iyiola Pedro Lagos, Aug. 29, 2018 (NAN) British Prime Minister, Theresa May, was received at the…
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Nestle still committed to increasing sourcing of raw materials locally
By Itohan Abara-Laserian Lagos, Aug. 28, 2018 In its drive to ensure that Nigerians have wholesome nutritious meals, especially breakfast,…
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