Tuesday September 2nd, 2014
Tuesday September 2nd, 2014
Latest

SMEs’ adoption of IFRS to commence December 31 — PWC

  /   in Business 12:01 am   /   Comments

Business

The International Financial Reporting Standard, IFRS, for Small and Medium Scale Enterprises, SMEs is expected to be adopted from December 31, 2014.

Read More →
Latest

African farmers need supports – Adesina

  /   in Business 9:01 pm   /   Comments

Ndoma-Egba-farmer

Nigeria’s Minister for Agriculture, Dr. Adesina Akinwumi, has said that African farmers need supports just like the developed countries support their farmers with massive subsidies.

Read More →
Latest

Discos urged to patronise local meter manufacturers

  /   in Business   /   Comments

light2

MANUFACTURERS of prepaid and post paid electricity meters in the country have urged the electricity distribution companies, DISCOs, to begin to look inwards and patronise locally produced meters.

Read More →
Latest

Agriculture experts gather to tackle food shoratges

  /   in Business   /   Comments

farms

International experts in agriculture and food security gathered at the Research to Feed Africa High-Level Policy Dialogue in Ethiopia Monday to track progress and inspire action to address critical food shortages in Africa.

Read More →
Latest

Facing the challenges of ethical business Practice in Nigeria — Seni Adetu

  /   in Business   /   Comments

*Seni Adetu
Managing Director

The impact of non-compliant behaviors or not having effective compliance structures in place can be disastrous for a company just like ours, with operations in about 180 countries- Seni Adetu

Read More →
Latest

Over 57% of W-Africans lack access to electricity — AfDB

  /   in Business   /   Comments

Africa

The African Development Bank (AfDB) has said that more than 57 per cent of the people in West Africa are without access to electricity. The bank stated this in its “West Africa Monitor Quarterly”, for the second quarter of 2014 report.

Read More →
Latest

Vocation and technical education – a key to improving Nigeria’s development

  /   in Business   /   Comments

entrepreneurs

The focus is on the roles of technology and vocational education in enhancing entrepreneurial skills that will equip students for entrepreneurship education in Information and Communication Technology (ICT.) driven technological environment.

Read More →
Latest

10,000 mortgages: FG invites developers with special technologies

  /   in Business   /   Comments

Jakande-housing

By YINKA KOLAWOLE The Federal Government has invited developers and investors interested in being considered for the development of the pilot 10,000 housing project under the mortgage refinance scheme of the Nigeria Mortgage Refinance Company (NMRC) to present their technologies to enable them participate. The Ministerial Committee on Presidential Initiative on Delivery of 10,000 Housing

Read More →
Latest

Missing $49.8/20bn and missing organ in the Nigerian economy —1

  /   in Business   /   Comments

economy

“It is better sometimes not to follow great reformers of abuses beyond the threshold of their homes.” George Eliot, 1819-1880.

Read More →
Latest

10 stockbroking firms net N15.20bn transaction in one week

  /   in Business   /   Comments

Nigerian-Stock-Exchange-(NS

Out of the 321 stockbroking firms operating in the Nigerian capital market accounted for N15.203 billion of total transactions value carried out in the market for the week ended August 22, 2014, data from the Nigerian Stock Exchange, NSE, has shown.

Read More →
Latest

Board sacks MINT’s executive management

  /   in Business   /   Comments

money

The Board of Directors of the Nigerian Security Printing and Minting Company, NSPM, Plc, yesterday, announced the dissolution of the Executive Management of the company and directed the current Acting Managing Director and two Executive Directors to retire with effect from Monday, September1, 2014.

Read More →
Latest

Akwa Ibom govt seeks ICRC backing for seaport project

  /   in Business   /   Comments

*Akpabio

Akwa Ibom government has disclosed plan to build a deep water seaport through Public Private Partnership PPP.

Read More →
Latest

A nation that can’t feed itself is dead — RUFUS OLOPADE

  /   in Business   /   Comments

factory

Engineer Rufus Olopade is the Chairman and Chief Executive Officer of Sabina Pad Enterprises Limited, a limited liability company specialising in providing top quality livestock feeds, aquaculture feeds, poultry feeds, dog feeds, raw materials as well as sales of poultry and fishery equipment. Sabina Pad was founded by Engr.

Read More →
Latest

UniCem sensitises customers on use of 42.5R cement grade

  /   in Business   /   Comments

Cement

United Cement Company of Nigeria Limited (UniCem), Nigeria’s third largest cement manufacturers has educated customers and end users of cement in Akwa-Ibom on the use of the recently promoted 42.5R cement grade in the market.

Read More →
Latest

Investors in gypsum assured of duty-free equipment importation

  /   in Business   /   Comments

Wither Nigeria in another 50 years?

The federal government has assured investors of gypsum resource development in the mining sector of duty-free import on equipment.

Read More →
Latest

Nigeria can eradicate poverty by 2020 — NOTAP boss

  /   in Business 7:28 pm   /   Comments

povertypix1

Efforts by the Federal Government can be complemented by Nigerians to eradicate poverty in country by 2020, Director-General, National Office for Technology Acquisition and Promotion, NOTAP, Dr. Umar Bindir has said.

Read More →
Latest

Economist agrees with World Bank report on Nigeria’s poverty reduction level

  /   in Business   /   Comments

cartoon-poverty

An economist, Prof. Oyinlola Olaniyi of the Economics Department, University of Abuja, says the recent World Bank report that Nigeria’s poverty level has dropped by 2.1 per cent is correct.

Read More →
Latest

Suregifts on over 30,000 POS devices

  /   in Business   /   Comments

Mobile Money

The average Nigerian is nervous when he needs to use a gift card. The reasons for this aren’t far fetched. What if the store doesn’t recognize the card? What if the organization that issued the card is not trust worthy? How can one be so sure?

Read More →
Latest

The revolution to put food on Nigerians tables — Agric Minister Adesina

  /   in Business   /   Comments

Akinwumi Adesina

To him, inclusive growth in the economy is not complete without the rural dwellers whose life depends on agriculture, so he sees himself as being on a mission to integrate the rural dwellers through transformation of agriculture.

Read More →
Latest

The realism of Karan Lakhiani leveraging on automobile and aircraft technology

  /   in Business   /   Comments

karan-pic-1

If accurate rendering of visual appearances in painting is the definition of realism, then Karan Lakhiani is a realist. A former student of British International School, Victoria Island, versatile Karan became a prodigy at age 3 when he picked up a racket, entered a court and played lawn tennis manifesting traits of a pro.

Read More →
Latest

FG, Brazil build N144b power plant in Bayelsa

  /   in Business 4:08 am   /   Comments

nuclear-power

The Federal Government and Benco Energy Limited of Brazil yesterday signed a N144 billion Memorandum of Understanding, MoU, to construct a 700 megawatts power plant in Nigeria.

Read More →
Latest

Communities shut down of Erhoike Flowstation despite negotiated GMoU – NNPC

  /   in Business   /   Comments

nnpc2

The Management of the Nigerian National Petroleum Corporation (NNPC) has confirmed the shut-down of the Erhoike flowstation located within the OML 30 operation area in Delta State which belongs to its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), by youth from the host communities.

Read More →
Latest

Unemployment: FG empowers over 500 youths on skill acquisition

  /   in Business   /   Comments

economy

In order to reduce the rate of unemployment and forestall non violence, peaceful co-existence among youths in the North-East of Nigeria, the Federal Government has embarked on empowering over 500 youths on skill acquisition.

Read More →
Latest

Nigeria records over $3billion worth of investments in sugar subsection – Aganga

  /   in Business 3:30 pm   /   Comments

Harvesting sugar cane for use in the production of bioethanol.

The Minister of Industry, Trade and Investment, Dr. Olusegun Aganga, yesterday, disclosed that Nigeria had recorded over $3billion worth of investments in the sugar subsection since the implementation of the Nigeria Industrial Revolution Plan, NIRP.

Read More →
Latest

NPA, Shippers’council on collision course over berth rent

  /   in Business   /   Comments

*Maritime

The Nigerian Ports Authority, NPA and Nigerian Shippers Council, NSC, are set for a show down following the recent increase in berth rent by the Port Authority without consultation with the NSC.

Read More →
Latest

Release of power equipment from port to boost power supply

  /   in Business   /   Comments

electricity

A Logistics expert and consultant to Ministry of power Mr. Emmanuel Nweke has said that the recently released 248 containers of power equipment will no doubt boost supply of electricity across the country.

Read More →
Latest

70% of SMEs lack access to medium-longer-term finance — Heritage Bank boss

  /   in Business   /   Comments

Mobile Money

Lack of access of medium to long term finance has been identified as factor militating against the growth of Small and Medium Scale Enterprises, SMEs.

Read More →
Latest

‘We don’t want abuse of dominance position in port operations’— NSC

  /   in Business   /   Comments

Sea-port

Executive Secre-tary of the Nigerian Shippers Council, NSC, Hassan Bello, has warned that the Council as the economic port regulator will not accept any form of arbitrariness in charges or abuse of dominate position by any operator.

Read More →
Latest

Ecobank plans additional capital raising

  /   in Business   /   Comments

BANK

Ecobank Nigeria may have begun plans to riase additional capital in order to boost its tier-1 capital. Vanguard gathered that the bank’s total capital adequacy ratio at the end of the first half of 2014 stood at 13.3 per cent.

Read More →
Latest

Our plans for fish sufficiency in Nigeria, by Adesina

  /   in Business, News   /   Comments

First Lady, Dame Patience Jonathan being welcomed  by Mr. Roman Kinda, Vice Chairman of Remontowa Holding and Minister of Agriculture, Dr. Adesina Akinwumi to the christening of ‘RV BAYAGBON’

Nigeria last week took delivery of a deep sea vessel constructed by Remomtowa Holdings for the Nigerian Institute of Oceanography and Marine Research at a ceremony witnessed by the first lady, Dame Patience Jonathan in Gdansk, Poland

Read More →
Latest

Aguiyi Ironsi int’l market begins online sales of motor parts

  /   in Business, News 9:33 pm   /   Comments

Yutong-Bus-Parts

Aguiyi Ironsi International Market in Ladipo has begun online sales of motor spare parts as part of efforts to check malpractices by unscrupulous middlemen.

Read More →
Latest

Growth in non-oil export hits US$2.970bn — NEPC

  /   in Business   /   Comments

refinery-7

The Nigerian Export Promotion Council, NEPC, has disclosed that, Nigeria realised $2.970 billion from non-oil export, in 2013 a 15.9 per cent increase over $2.561 in 2012.

Read More →