Business

Customs releases impounded trucks after CGC’s intervention at bonded terminal

Customs releases impounded trucks after CGC’s intervention at bonded terminal

By Godwin Oritse The Nigeria Customs Service (NCS) has released 36 trucks belonging to members of the Association of Maritime Truck Owners (AMATO) that were impounded during an investigation into alleged trade infractions at Zarmmak Bonded Terminal in the Amuwo Odofin area of Lagos. The trucks were detained by Customs Police attached to the Zone ‘A’ […]
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NEXIM Bank’s funding of mining sector hits N7.17bn

NEXIM Bank’s funding of mining sector hits N7.17bn

The Nigerian Export-Import Bank (NEXIM Bank) says it has channeled N7.17 interventions funds to the mining sector and created more than 4,302 direct jobs. This is since inception of the bank till date.

Confusion over NERC’s stand on electricity tariff

Confusion over NERC’s stand on electricity tariff

To be or not be? That is the question or the state of confusion facing Nigerians as regards electricity tariff. The confusion is aggravated by the recent declaration of the Nigerian Electricity Regulatory Commission, NERC that it is not going to increase electricity tariff by 40 percent.

CBN concerned about rising non-performing loans

CBN concerned about rising non-performing loans

The Central Bank of Nigeria, CBN, has warned of a grave financial crisis in the Nigerian banking sector in the remaining part of 2015, while it also raised an alarm of a likely increase in Non-Performing Loans, NPL, in the financial sector due to the exposure of banks to the oil and gas sector.

BoI’s facility boosts local cables production by 30,000 tonnes

BoI’s facility boosts local cables production by 30,000 tonnes

THE Bank of Industry’s s intervention in the nation’s real sector, especially in the cables and wires industry, has increased local production of electric cables by 28,000 metric tonnes following the expansion of Coleman Wires and Cables factory from 2000 metric tonnes to 30,000 metric tonnes.

Mining engineers task FG on minerals devt

Mining engineers task FG on minerals devt

The Nigerian Society of Mining Engineers, NSME, has called on the Federal Government to muster the political will to develop the solid minerals sector, its President, Mr Benjamin Onwude, urged at the NSME Conference held in Jos, Plateau State, recently.

SEC, investors and the  e-dividend mandate portal

SEC, investors and the e-dividend mandate portal

“Investors should be educated to complete separate forms for each shareholder account number, as upload of e-Dividend Mandate Forms shall be on the basis of individual shareholder number and company of investment indicated by the investor on the physical e-Dividend Mandate Form.”

SEC urges compliance to Corporate Governance Code

SEC urges compliance to Corporate Governance Code

The Director-General of the Securities and Exchange Commission, Mounir Gwarzo, has called for a strict compliance with Corporate Governance codes by companies operating in the country.

Experts canvass more initiatives on renewable energy

Experts canvass more initiatives on renewable energy

The need to impact on the lives of thousands of people that are not connected to the national grid in remote villages across the country gave birth to the partnership for power generation through its Solar Energy to improve their living standard.