BUSINESS

Kogi Assembly approves N4.017bn loan for rice mill

Kogi House of Assembly on Thursday, approved for the State Government to secure N4.017 billion loan for the establishment of a 50-ton rice mill at Omi-Dam, Yagba. The News Agency of Nigeria (NAN), reports that the approval was sequel to ...

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50kg bag of rice to sell for N6,000

In few months’ time, a 50kg bag of rice will be sold at the rate of N6000. This is according to Aminu Goronyo, national president, Rice Farmers Association of Nigeria. This assertion was made on Wednesday on the sidelines of ...

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Abiru, Skye Bank CEO urges close collaboration between Tech, IT Security Experts to curb data theft

Skye Bank CEO, Tokunbo Abiru has advocated practical strategies, concerted efforts and close collaboration from technology, Telcos and IT security experts to prevent current proliferation of clone apps with its attendant impact on safety of smart phone users in the ...

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FG to investigate export of low quality yam to U.S.

The federal government of Nigeria has said it is in the process of investigating how yam said to be of low quality was exported from Nigeria to the United States of America, USA. Briefing State House correspondents at the end ...

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Lai explains why cost of food items is high

The Federal Government says despite the revolution witnessed in the agricultural sector, the cost of food items is still high because of infrastructural deficit and export demands. The Minister of Information and Culture, Alhaji Lai Mohammed, said this on Tuesday ...

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Skye Bank charges students on savings culture, diligence

Skye Bank Charges Students on savings culture, deligence

…rewards rainbow essay competition winners Skye Bank Plc., has charged the Nigerian child to imbibe the savings culture early in life of to secure their future, even as it demonstrated its commitment to the development of the education recognised winners of ...

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Lagos disburses N711m pension payment for September

The Lagos State Government has disbursed N711 million payment under the Contributory Pension Scheme, CPS for the month of September 2017. Benson Oke, Commissioner for Establishments, Training and Pensions at a conference, said the money was released for the payment ...

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UBA WINS BIG AT INTERSWITCH AWARDS

Pan-African financial services group, United Bank for Africa (UBA) Plc, has once again added to its growing list of laurels by emerging best institution in two esteemed categories at the prestigious Interswitch Awards and Gala. UBA , beat other nominees ...

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BDC operator defends 14% lending rate

The president of the Association of Bureaux De Change (BDC) Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Wednesday defended the CBN’s retention of the benchmark interest rate and other monetary policy parameters. The CBN’s Monetary Policy Committee (MPC) met ...

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Oil price hits 26months high at $58.37

The prices of oil has hit more than two-year high, after major producers said the global market was on its way toward rebalancing. The November Brent crude futures contract was up $1.51, or 2.5 per cent, at $58.37 a barrel, ...

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