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Tag Archives: Business

FG releases N5bn to local miners

By Kabir DankatsinaBIRNIN KEBBI—FEDERAL Government, Monrday, said it has given out N5 billion to local miners to boost the mining industry in the country. illegal miners The Minister of Mines and Industry, Mr. Kayode Fayemi, made this disclosure at Garin Auwal in Fakai Local Government Area of Kebbi State, while …

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‎Yuletide: NUPENG sets up Taskforce against reckless driving

By Omeiza AjayiABUJA – Peeved by complaints about the excesses of some petroleum tanker drivers especially during festive seasons, the Nigeria Union of Petroleum and Natural Gas Workers NUPENG has constituted a taskforce to check reckless driving on the nation’s highways. CONFERENCE: Mr. Igwe Achese, Deputy President, Joe Ajaero, President …

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Save us from further deaths, ex-Nigeria Airways pensioners beg Buhari

By Victor Ahiuma-Young “It has been suicide and suicide everywhere. No succour. It seems Presidential Initiative on Continuous Audit, PICA,    and co are praying for all of us to die of subtle murder and suicide in order not to pay our pensions. Only personal intervention by President Muhammadu Buhari, …

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StarTimes slashes prices of antenna, decoder

By Princewill Ekwujuru Pay TV company, StarTimes has announced a price reduction on its Digital terrestrial television DTT Antenna and Standard definition,  SD decoder respectively. StarTimes Speaking on the price reduction, the Acting Brand and Marketing Director, Mr. Qasim Elegbede said: “We recognise that our customers are living in tough economic times and we want to …

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Q3’17: 22 manufacturing companies borrow N839.2bn

Pay N108.3bn as interest to banks Dangote, Lafarge Wapco, Flour Mills lead borrowers’ list By Peter Egwuatu Amidst the country’s economic recovery phase and inability to raise long term capital from the Nigerian capital market, top 22 manufacturing companies listed across the sub sectors on the Nigerian Stock Exchange, NSE …

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Nigeria is poor because a lot its resources are stolen or mismanaged, says VP Osinbajo

Vice President, Prof. Yemi Osinbajo, SAN, has said that Nigeria is not poor because it has no resources, but it is poor because a lot its resources are stolen or mismanaged..” VP Osinbajo Osinbajo speaking at the at the 2017 Graduation ceremony of the Nigerian Institute of Policy and Strategic …

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Those investing in bit coins are gamblers – NDIC Chief

By Emma UjahThose investing in virtual currency or bit coins  are gamblers, the Deputy Director of Research, Policy and International Relations (RPIR) of the Nigeria Deposit Insurance Corporation (NDIC), Dr. Sabo Katata, has said. He spoke at the NDIC workshop for Business Editors and Finance Correspondents, in Kano, yesterday. His …

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FG orders repatriation of imported genetically modified maize

Abuja – The National Biosafety Management Agency (NBMA) says it has, in conjunction with the Nigerian Customs Service, ordered that the genetically modified (GM) maize consignment illegally imported into Nigeria be sent back. Maize Dr Rufus Egbegba, the Director-General of NBMA, said this in a news conference on Tuesday in …

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Alaghodaro summit: Omoigui-Okauru, Akpata, Ihonvbere, others tackle institutional barriers to investments

As the Alaghodaro Investment Summit got underway on Friday in Benin City, the Edo State capital, investment experts and heads of federal government regulatory agencies proffered solutions to the bureaucratic bottlenecks in government that are hindering the growth of businesses in Nigeria. Former Edo State Governor, Adams Oshiomhole (left); Governor …

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Johnathan’s inability to control crude oil theft grounded our economy – Gov Aregbesola

By Emman Ovuakporie,OSUN- PEEVED by the magnitude of undeclared crude oil and gas during the administration of former President Goodluck Jonathan, Governor of Osun State, Rauf Aregbesola has said the inability of the previous administration to control theft in the sector wrecked the Nigerian economy leading to recession. Rauf Aregbesola …

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