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Business
Wife replaces TY Danjuma as May & Baker chairman
Daisy Danjuma, a former senator, has been announced as the new chairman of May & Baker Plc. According to a notice sent to the Nigerian Stock Exchange (NSE), the 67-year-old…
Customs raking in N5.8bn daily since border closure – Hameed Ali
Hameed Ali, comptroller general of the Nigeria Customs Service, says the agency has been generating an average revenue between N4.7bn and N5.8bn daily since the borders were closed.…
FG hands over National Theatre to CBN, banks for establishment of creative industry park
The Federal Government has handed over the National Theatre to the Central Bank of Nigeria (CBN) and the Bankers Committee for the development of creative industry Park. Godwin Emefiele,…
Non-Performing loans hit 4-year low as Banks recover N496 billion
Non-Performing loans in Nigerian banks dropped to a record N1.44 trillion in the second quarter of 2019. This is reflected in the banking sector report released by the National…
Is NPA Boss, Hadiza Bala Waging A Personal Vendetta Against BUA Boss, Abdul Samad Rabiu?
If the Nigeria Port Authority is a woodland of commerce, then Hadiza Bala Usman is the Queen of the jungle. This is because she runs the federal agency like a forest of unequal…
Dangote eyes $30b revenue
ALIKO Dangote, the richest man in Africa, who is building one of the world’s biggest refineries in Lagos, in addition to investments in gas and petrochemical plants, said he expects…
BREAKING: Rivers acquires Shell stakes in Ogoni
Rivers government has acquired Shell Petroleum Development Company (SPDC) 45% stake in the Oil Mining Lease 11 in Eleme and other parts of Ogoni land in the state. Governor Nyesom…
How forex restriction, border closure could unlock N1trn for farmers
Despite the vast agricultural potential, Nigeria is a net food importer, with the vast majority of people engaged in agriculture operating at subsistence level.The country spends an average of US $22 billion (₦7.92…
From Militant to Farmer: The Inspiring Story Of Reston Tadheke
On Saturday, 28 September, I visited a farm initiative by a young Nigerian in Keffi, Nasarawa State. I couldn’t belief what I saw. Reston Tedheke’s story is…
Benin counts the cost after Nigeria shutters border
Dozens of baskets brimming with newly-picked tomatoes gently rot in the sticky heat, becoming the latest casualty in a bout of trade tension between Benin and Nigeria. On August 19,…
P&ID Gives Nigeria Condition To Negotiate $9.6bn Award
Following the ruling of the UK court on Thursday, Process and Industrial Developments Limited (P&ID) on Sunday gave Nigeria condition for negotiating the $9.6 billion awarded in its favour.The UK court had on…
How to recover N270b debt from DisCos, by TCN
The Transmission Company of Nigeria (TCN) has written a letter to the Minister of Power, Sale Mamman, on how to compel the electricity distribution companies (DisCos)…
Volkswagen hires Cadillac boss
Volkswagen has hired an executive who once ran Cadillac and Infiniti to help oversee its North American operations. The German carmaker said that Johan de Nysschen will become Chief…
We’ve enjoyed huge patronage from Buhari administration – Innoson
Innoson Group of Companies Nigeria limited on Sunday said it has enjoyed huge patronage and support from the President Muhammadu Buhari-led administration. Chairman of the group,…
Border closure: Traders lose N15billion, says Igbo group
The Ndigbo Unity Forum (NUF), a pan-Igbo socio-political group, claimed that traders have lost about N15 billion since Nigerian authorities shut the borders with neighbouring countries.…
Nigeria’s blockade of Benin is having a ripple effect across West Africa
Nigerian President Muhammadu Buhari ordered the partial closing of its boundary with Benin last month to curb smuggling of rice and other commodities. The blockade has had a ripple effect across West Africa, with…
Uncovered: Plot to attack, disrupt Fidelity Bank services
A plot to disrupt the services of Fidelity Bank Plc has been uncovered and those accused of planning this are some of the outsourced staff who were recently recalled by their…
Central Bank disbursed N299 billion loans through these Agricultural schemes in 2018
The Central Bank of Nigeria (CBN) disbursed the sum of N299.16 billion through six (6) Agricultural Schemes in 2018. According to the Central Bank’s annual report…
Nigeria makes World Bank’s list for top-20 “improvers in doing business”
The World Bank Doing Business (DB) team has announced Nigeria as one of the top-20 improvers in doing business out of 190 countries. Dr Jumoke Oduwole, Special…
Calabar Seaport Receives 1st Container Vessel In 13 Years
Thirteen years after its concession, Calabar Port Complex has received its maiden Marguisa Shipping Line’s container vessel. The port has not enjoyed patronage of container liners due to draft limitations on the…
Why Warren Buffet’s $4.6m lunch with Bitcoin entrepreneur is experiencing delay
Year in, Year out, Warren Buffet auctions off a three-hour lunch date tagged The Power Meal. This is an exciting adventure for those who can afford it as they get a chance to…
16,000 people to be repatriated after Thomas Cook collapse
Britain’s Civil Aviation Authority (CAA) said more than 70 flights were scheduled for Thursday to bring back 16,000 people to the country following the collapse of Thomas Cook.…
Irish Authorities And AIB Drawn Into $9.6bn Nigerian Dispute
Irish authorities and AIB are being drawn into a high-profile international legal dispute between Nigeria and a company founded by Irish investors that is claiming $9.6 billion…
We want govt to make it mandatory for companies to fortify rice, says Dangote
Aliko Dangote, the president of the Dangote Group, says his company wants the government to make it mandatory for companies to fortify all rice product consumed in the country. The…