Business and Economy

Prime Innovation Institute of Technology (PIIT) will, Thursday, September 22, 2016, open a new ultra modern APTECH Center in Lekki, Lagos. The opening ceremony which will be graced by prospective students, parents and members of the community and other dignitaries, will also see some representatives of Aptech from India and …

Peter Schreyer is marking ten years of leading new car design for Kia, a period during which the Korean brand’s global sales have risen from around 1.1 million cars in 2005, to 3.05 million in 2015. Peter Schreyer has been the mastermind of Kia’s design revolution over the last decade, …

The Revenue Mobilization Allocation and Fiscal Commission has disagreed with Alhaji Aliko Dangote on the sale of Nigerian Liquefied Natural Gas (NLNG) and other Federation Assets he proposed during an interview with a cable Television, the CNBC Africa as a way of augmenting the current revenue shortfall as a result …

Participants at the recent Cabinet Retreat on the Budget, have endorsed the Federal Government’s programme of action for dealing with the recession, the effort to develop an economic emergency recovery bill to address the situation and the plan to bridge the existing funding gap. The retreat, organized by the Ministry …

The Senate President (Dr.) Bukola Saraki, will on Tuesday, September 20, 2016, dedicate his welcoming address to the Nigerian Senate on the state of the economy. The Senate President’s address will coincide with the return of the 8th Senate from its annual recess. His speech will announce that the Senate …

A new batch of 60 children from the Niger Delta has been awarded the special secondary school scholarship of The Shell Petroleum Development Company (SPDC) Joint Venture, Cradle to Career covering tuition and all other bills for six years in four of the topmost private secondary schools in Port Harcourt. …

Dennis Udoma One For Change, a solidarity organization in Akwa Ibom State has hailed President Muhammadu Buhari’s appointment of Obong Nsima Ekere as the Managing Director of the Niger-Delta Development Commission (NDDC). The group described the gesture as well deserved judging from his antecedent, sterling qualities and records of service …

As the National Assembly resumes on Tuesday, Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal High Court in Abuja for an order to compel the Economic and Financial Crimes Commission (EFCC) to “investigate and prosecute allegations of budget padding and abuse of office leveled against the Speaker of …

Rivers State Governor, Nyesom Ezenwo Wike has declared that the state remains Nigeria’s investment icon with the potential of helping the country exit her current economic recession. Speaking after leading members of the Rivers State Executive Council and Rivers Elder Statesmen on a tour of the N140billion GreenGas LNG Facility …

The Minister of Finance, Mrs. Kemi Adeosun has disclosed that a sum of N350 billion capital votes will be released immediately into the system as the Federal Government continues to tackle the economic crisis currently facing the nation. The Minister, who spoke at a press briefing in Abuja on Friday, …

. Mercedes-Benz in the first half of 2016 has overtaken other luxury car segments in the number of vehicles sold, approaching its goal to beat competitors on annual sales for the first time in 11 years, Bloomberg reports. Mercedes’ sales for the first six months of 2016 increased by 12%, …

Our attention has been drawn to an on-going campaign of calumny by serial blackmailer, Mr. Benjamin Joseph, an indigene of Enugu State and purported owner of an Ibadan-based Technology Company, Citadel Oracle Concept, against the Chairman, Zinox Group, Leo Stan Ekeh which he has taken to the domain of Premium …

Lagos State Governor, Mr. Akinwunmi Ambode on Thursday donated N5 million to two students of Lagos State College Of Health Technology who designed new technology of generating Biogas through the treatment of animal waste. The students – Sarunmi Oluwafemi and Dada Samuel, were among the 422 successful graduates of the …

Lagos State Governor, Mr. Akinwunmi Ambode on Thursday approved a total sum of N740,461,432.00 as compensation for host communities of Parcel B comprising Yegunda, Abomiti and International Airport site of the Lekki Free Trade Zone (LFTZ). The State’s Commissioner for Commerce, Industry and Cooperatives, Prince Rotimi Ogunleye, who announced the …

Ministers and Heads of relevant Federal Government Departments and Agencies will, Thursday, converge at the Banquet Hall of the State House, Abuja, to present and discuss priority areas of the 2017 Budget. It is part of a scheduled arrangement by the Ministry of Budget and National Planning to set the …

· As Minister inspects rehabilitation of access road to Apapa/Tin Can Island Port – NNPC Depot (Atlas Cove) including the construction of new bridge from Liverpool Roundabout across Port Novo Creek · “When we are seeking to understand what we are doing today or why we are where we are …

Access Bank Plc has emerged the best bank in Nigeria for the year 2016. The announcement was made by the Award Committee at this year’s BusinessDay Annual Banking Awards which held at the Eko Hotels on Friday night. As a confirmation of an exceptional performance in 2015, Access Bank’s Group …

The long awaited result of Conoil Nigeria plc which was released on Thursday to the Nigerian Stock Exchange (NSE), has re-engineered confidence in the company’s ability to deliver on its promise of continually increasing earnings for the shareholders. The Company’s 2015 financial results obtained from The NSE showed a boost …

Access Bank School of Banking Excellence has won the Chartered Institute of Bankers of Nigeria (CIBN) Award for the Best Bank Academy in the year 2016. The award was in recognition of the quality of the curriculum of the school and quality of the graduates as well as the consistency …

The Federal Government has described attempts by unscrupulous individuals on social media linking the government and Dangote group with a plan to ‘flood’ the country with genetically modified rice (GMO) as extremely uncharitable. A statement by Femi Adesina, Special Adviser to the President (Media and Publicity) which debunked the rumours …

The Minister of Mines and Steel Development, Dr Kayode Fayemi, on Wednesday offered prospective investors in the Nigerian mining sector three years tax holidays, as part of Federal government’s incentives to serious investors. The tax holiday, according to the Minister, would commence from the date the investor commences mining operations …

Zenith Bank Plc has offered scholarships to another set of 50 children orphaned by Boko Haram insurgency to celebrate the 50th birthday of Borno State Governor, Kashim Shettima who is a former management staff of the Bank. The total fees for tuition, text books, note books, school bags, uniforms and …