BUSINESS

AFAM power plant to add 340 megawatts to power grid before December – Fashola

Babatunde Fashola, the Minister of Power, Works and Housing said on Thursday that 340 megawatts of electricity would be added to the national grid on or before December. Mr. Fashola said this during his inspection tour of Afam Power Plant ...

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Bridge Concept Leverage UBA Digital Banking Platforms, Introduces Naija Green Card for Young Nigerians

In line with its business objective of enabling young Nigerians and students to derive maximum benefits from their limited finances, Bridge Concepts Limited has announced a partnership with the pan African Financial institution, United Bank for Africa (Plc) with the ...

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Transcorp Hilton Abuja Completes Upgrade of Executive Floors

Transcorp Hotels Plc has announced the reopening of the Executive Floors and Lounge of its flagship Transcorp Hilton Abuja.  The reopening marks a milestone in the on-going $100 million renovation project of the historic and award winning 5-star hotel, leading ...

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8 ships laden with petrol, food, other items arrive Lagos port

Eight ships laden with various products, including petrol, are at the Lagos ports waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday. The NPA disclosed in its daily “Shipping Position” made available to the News Agency of Nigeria ...

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Nigeria’s debt profile rises to N19.16 trillion

According data released by the Debt Management Office, DMO, Nigeria’s indebtedness to creditors – local and foreign – rose from the N17.36 trillion recorded at the end of December 2016, to N19.16 trillion, representing an increase of N1.8 trillion. The DMO ...

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CBN injects $190 million into FOREX market

Relentless to achieve convergence of rates between the interbank and Bureau de Change segments of the foreign exchange market (FOREX), the Central Bank of Nigeria (CBN) has injected another $190 million into the market. The acting director, Corporate Communications, CBN, ...

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LACK OF STANDARD: EU rejected 24 Nigerian products in 2016 – NAFDAC

According to the National Agency for Food and Drug Administration and Control (NAFDAC), the European Union (EU) rejected 24 exported food products from Nigeria in 2016 for failing to meet standards. The NAFDAC spokesperson, Dr Abubakar Jimoh made the disclosure ...

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FIRS launches six online tax solutions for convenience and transparency

The Federal Inland Revenue Service (FIRS) has introduced six key electronic solutions (e-Services) to enhance convenience, transparency and round the clock processing and payment of taxes. Some of the e-Services, which could now be accessed online, are taxpayer registration (through ...

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Petroleum marketers in Ekiti suspend strike

The Independent Petroleum Marketers Association of Nigeria, IPMAN, in Ekiti on Sunday suspended its strike. The IPMAN embarked on the action on May 25, over demolition of some petrol stations and the revocation of some Certificate of Occupancy by the ...

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Naira gains, stock market hits new high

Nigerian naira gained on Friday to trade at about 370 per dollar at the parallel market, while the British pound and European euro went for 480, 415, respectively. The country’s foreign exchange reserves however took a dip, sinking from $30,360,798,903 ...

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