BUSINESS

ILLEGAL MINING: FEC approves purchase of 50 vehicles to check menace

The Federal Executive Council, FEC, on Wednesday in Abuja approved N987 million for the procurement of 50 vehicles for Special Mines Surveillance Task Force to check illegal mining activities across the country. The Minister of Mines and Steel Development, Kayode ...

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28 ships laden with petroleum products, food items and other goods expected at Lagos ports

About 28 ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from November 22 to  December 3. The Nigerian Ports Authority (NPA) made the disclosure in its publication  ...

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Dana Air resumes flight operations after disruption by aviation union

Dana Air has apologised to its intending passengers for the delays experienced on Tuesday as a result of the disruption of its flight operations by the National Association of Aircraft Pilots and Engineers, NAAPE. The airline’s Communications Manager, Kingsley Ezenwa, ...

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Nigeria’s GDP growth hits 1.4% as it doubles in Q3

The National Bureau of Statistics (NBS), on Monday said the economy recorded a growth of 1.40 percent in the third quarter (Q3) of 2017. This is the second time of such positive development since Nigeria exited recession in the second ...

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FURTHER DROP! Nigeria’s inflation now at 15.91% – NBS

The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped from 15.98 recorded in September to 15.91 per cent in October. The NBS disclosed this in its “CPI Oct. 2017 Report’’ ...

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Makers of Indomie sign agreement to buy Dangote Noodles factory

Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines in Ikorodu and Calabar,  to rival pasta maker De United Foods Industries, maker of Indomie Noodles. The transaction is valued at  3.75 billion naira ...

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Minister of Agriculture: Nigeria has reserved enough food for 2018 shortages

The Federal Government said on Sunday that it had stocked enough food to address possible shortages in some states in 2018. Audu Ogbeh, the Minister of Agriculture and Rural Development, made the disclosure in Katsina. The minister spoke at the ...

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Osinbajo lays foundation stone of N200 billion industrial park in Edo

Vice President Yemi Osinbajo on Saturday laid the foundation stone of a N200 billion Industrial Park in Iyanomo community, Benin, Edo State. Mr. Osinbajo said at the event that when established, the park would create 170,000 direct and indirect jobs ...

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Senate approves $350 million loan for Ogun State

Following a report by the committee on Local and Foreign Debts, the Nigerian Senate on Thursday approved a loan of $350 million requested for developmental projects in Ogun state. Presenting report, the committee chairman, Shehu Sani, Kaduna-APC, said the projects ...

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UBA Bags More Laurels as Group head of Marketing, Bola Atta Wins Top Marketing Professional Award

Pan-African financial institution, United Bank for Africa Plc (UBA) has continued to make waves on the continent adding more laurels to its ever-increasing list of achievements. The Bank’s Group Head, Marketing and Corporate Communications, Bola Atta was recognised as the Top ...

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