Wednesday October 1st, 2014
Wednesday October 1st, 2014
Latest

FRC more strategic in fighting financial crimes, says chairman

  /   in Business 12:00 am   /   Comments

naira money

The Chairman, Fiscal Responsibility Commission (FRC), Mr Victor Muruako, has said that the commission is more strategic in fighting financial crimes and corruption than other agencies.

Read More →
Latest

Why the tax system in Lagos is transparent — Fowler, LIRS Chairman

  /   in Business, Interview 12:27 am   /   Comments

Tunde Fowler

Mr. Babatunde Fowler, Chief Executive Officer of the Lagos State Inland Revenue Service and Executive Chairman, Lagos State Board of Internal Revenue, explains why the state is the model in tax administration and development in the country at a time when there are fears that the dwindling revenue from crude oil sales may get worse

Read More →
Latest

Fertilisers: FG targets 20m farmers in 2015 — D-G

  /   in Business   /   Comments

Cassava farm

Acting Director-General, National Agricultural Seed Councils (NASC) Dr Philips Olusegun-Ojo, said that the Federal Government was targeting 20 million farmers in the fertiliser distribution for the 2015 farming season.

Read More →
Latest

Nigeria’s growth indices, 54 years after: The need for entrepreneurial devt – Expert

  /   in Business   /   Comments

Business

Nigeria’s economy has experienced series of reforms in the last 54 years. The annual indices on growth of Gross Domestic Product (GDP) from 1960 to 1970 was 3.1 per cent. In the 1980s, the economy on average recorded high rates of inflation but with low rate of unemployment.

Read More →
Latest

Ogun govt. set to construct N200bn mega city – Amosun

  /   in Business 10:25 pm   /   Comments

Gooluck Jonathan Estate in Abuja. (Credit Channels)

Gov. Ibikunle Amosun of Ogun on Friday said the state government had concluded plans to construct a mega city that would gulp over N200 billion in the state.

Read More →
Latest

Airtel unveils Web services to boost SMEs

  /   in Business   /   Comments

Market

As part of efforts to empower Small and Medium Enterprises (SMEs) to be more productive and profitable, leading communications services provider, Airtel Nigeria, has introduced Airtel Web Services, a robust Entreprise solution that offers a bouquet of services ranging from web hosting to document management.

Read More →
Latest

NDIC warns Nigerians against wonder banks

  /   in Business   /   Comments

*File Photo

The Nigeria Deposit Insurance corporation, NDIC, has warned the Nigerian public to be wary of “wonder banks” which offer mouth-watering deposit interests but indeed are out to defraud unscrupulous members of the society.

Read More →
Latest

Building collapse: Ortom calls for strict adherence to certified building materials

  /   in Business   /   Comments

SAMUEL ORTOM

The Minister of State for Industry and Investment, Dr. Samuel Ortom, has called on professionals in building industry to ensure strict adherence to certified standard of building materials.

Read More →
Latest

FG moves to institutionalise Agric policy

  /   in Business   /   Comments

Agric-date-palm

Following achievements recorded in the agricultural sector, the Federal Government has decided to institutionalise the Agricultural Transformation Agenda, ATA, policy.

Read More →
Latest

SMEs in Lagos groaning over arbitrary levies, permits

  /   in Business   /   Comments

TAX

The Lagos Chamber of Commerce and Industry, LCCI, has cried out over activities of the Local Councils and state revenue collectors, warning that they are threatening the existence and survival of businesses in the state, especially the Small and Medium Enterprises, SMEs.

Read More →
Latest

Peasant production is fundamental constraint to agriculture — BoA

  /   in Business   /   Comments

Agric-plaintain

The Bank of Agriculture (BoA), has said that from the perspective of sustainable agricultural growth and development in Nigeria, the most fundamental constraint is the peasant nature of the production system

Read More →
Latest

Bank of Industry partners Agric ministry on N13b rice fund

  /   in Business   /   Comments

Oil Palm Seedlings

Bank of Industry (BOI) has disclosed that it is working with the Ministry of Agriculture on a N13billion Rice Intervention Fund for the establishment of 10 integrated rice mills and six cassava mills across the country.

Read More →
Latest

New MAN President unfolds areas of priority

  /   in Business   /   Comments

Business

The new president of the Manufacturers Association of Nigeria (MAN), has unfolded his priority areas to move the sector forward over the next four years.

Read More →
Latest

Printers task FG on implementation of CIPPON Act

  /   in Business   /   Comments

President, Chattered Institute of Professional Printers of Nigeria, CIPPON, Muhammed Lawal has charged the Federal Government to fully implement the Act establishing the Institute.

Read More →
Latest

Customs generates N3 trn

  /   in Business 9:25 pm   /   Comments

Comptroller General of Nigerian Custom Service (NCS) Alhaji Abdullahi Dikko, Comptroller Gabriel Aliu, Chief Superintendent Ibrahim  Turaki and Cheff du bureau of Benin Republic Customs Seme Command, Col Kpodehou Yves at a recent function at Seme.

THE Nigeria Customs Service, NCS, collected N3,048,314,862,310.03 between January 2011 and August 2014. The organisation’s spokesman, Mr. Wale Adeniyi, gave the figure at the I-Nigerian Initiative hosted briefing of the Forum of Spokespersons of Security and Response Agencies, FOSSRA, in Abuja.

Read More →
Latest

Chartered Printers demand representation at ports to strengthen regulation

  /   in Business   /   Comments

Sea-port

The Chattered Institute of Professional Printers of Nigeria has requested the Federal Government to allow its members to be among the regulatory agencies at the sea ports and airports across the country so that they can checkmate printing materials from outside the country.

Read More →
Latest

DPR cautions users of gas cylinders

  /   in Business   /   Comments

Gas-energy

The Department of Petroleum Resources, DPR, has urged Nigerians to be careful with the use of Liquify Petroleum Gas, LPG, gas cylinders, as some are expired and prone to fire accident at homes and other uses.

Read More →
Latest

Glo Prive premium club for launch Oct 1

  /   in Business   /   Comments

GLO Prive, a unique club for premium subscribers on the Glo network, will be launched on Wednesday, October 1.The club will offer a unique bouquet of privileges for the top segment of its customer base.

Read More →
Latest

2015 general elections will not deplete Nigeria’s fortune – Emefiele

  /   in Business 7:52 pm   /   Comments

Emefiele

The Governor of the Central Bank Governor (CBN), Mr Godwin Emefiele, has said that the 2015 General Elections would not deplete the fortunes and reserves of the country.

Read More →
Latest

CBN, operator decry low patronage of e-payment channels

  /   in Business   /   Comments

atm2

The Central Bank of Nigeria, CBN and operator in the e-payment system have decried low patronage of electronic, e -payment channels in the country, stating that cash continues to be the predominant method used for transactions.

Read More →
Latest

Lafarge asks court to stop SON from sealing up factory

  /   in Business   /   Comments

Cement

Lafarge Cement WAPCO Nigeria Plc, has asked a Federal High Court sitting in Lagos, to restrain the Standard Organisation of Nigeria, SON, its agents, from closing its business premises, following a recent directive on product labeling and traceability requirements, pending the hearing and determination of the suit pending in the court.

Read More →
Latest

Jonathan urges CIBN to implement Transformation Agenda’s policies

  /   in Business 5:39 pm   /   Comments

Jonathan

President GoodLuck Jonathan has urged the Chartered Institute of Bankers of Nigeria (CIBN) to ensure effective implementation of policies that will complement Federal Government’s transformation agenda.

Read More →
Latest

FG approves N213bn for power intervention fund

  /   in Energy   /   Comments

electricity

The Federal Government has announced a N213-billion facility to help offset the legacy gas debts and address the revenue shortfall in the power sector.

Read More →
Latest

Oil sector loses N32bn foreign investment

  /   in Energy   /   Comments

A refinery

The non-passage of the Petroleum Industry Bill, PIB, has started to take its toll, as foreign investments into the oil and gas sector dropped by $197.31 million, about N31.6 billion in three months, between April and June 2014.

Read More →
Latest

DPR says migration to electronic operations yields dividends

  /   in Energy   /   Comments

Offshore gas facility

It is no gainsaying that technology has changed practically every facet of the human life from lifestyle to living, and most importantly the way humans do their works.

Read More →
Latest

Consortium pools $400m for 260MW plant in Ogun

  /   in Energy   /   Comments

Gov Ibikunle Amosun

A Consortium of foreign financial institutions has generated a total of $400 million to construct a 260-megawatt, MW, power plant to be located in Ewekoro, Ogun State.

Lafarge Nigeria Limited, the cement manufacturing company is the lead arranger of the deal, which also includes the International Finance Corporation, IFC, a subsidiary of the World Bank; Wartsila-Development; and Financial Services Company based in Finland.

Read More →
Latest

Inability to recoup investment frustrates local production of meters

  /   in Energy   /   Comments

Electricity-new

The uncertainty of distribution companies, DISCOs, to recoup their investments may be hampering their desire to patronise local meter manufacturers, as it takes a long time to recoup investment from locally manufactured meters.

Read More →
Latest

Ministry decries smuggling of minerals

  /   in Energy   /   Comments

File Photo

Following the surge in illegal activities in the Solid Minerals sector, the Minister of Mines and Steel Development, Mr. Musa Sada, has condemned the continued smuggling of mineral resources out of the country.

Read More →
Latest

Nigerians to pay more for cooking gas

  /   in Energy   /   Comments

Gas-energy

Nigerians will be compelled to pay a sudden 48 percent price increase for liquefied petroleum gas, LPG, also known as cooking gas, as a 12.5 kilogramme of the product has risen to N4,000, up from N2,700 previously.

Read More →
Latest

Systemic crisis looms in banking sector

  /   in Business 1:45 am   /   Comments

The Central Bank of Nigeria head office  in Abuja.

There are indications that some banks are not making adequate provisions for bad and doubtful loans in their books as mandated by the Central Bank of Nigeria, CBN.

Read More →
Latest

Why people fail in their business

  /   in Business   /   Comments

market-2

Starting your own business can yield amazing rewards but at the same time it’s a pretty big risk. One of the biggest reasons why people fail is they enter into a business and doesn’t have profitable market.

Read More →
Latest

‘Fringe players render brokerage firms unattractive for foreign partnership’

  /   in Business   /   Comments

Nigerian-Stock-Exchange-(NS

The Chief Executive Officer of the Nigerian Stock Exchange, NSE, Mr. Oscar Onyema, has said that high number of fringe players among stockbroking firms in Nigeria has continually rendered the brokerage firms unattractive for foreign partnership.

Read More →