BUSINESS

AfDB to support Nigeria’s agriculture with $800m

African Development Bank (AfDB) has resolved to launch $800 million scheme to support the agriculture sector in Nigeria. The Pesident of AfDB, Dr. Akinwumi Adesina, said in Abuja on Monday that the support is on the platform of the AfDB’s ...

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Nigeria, Morocco sign gas pipeline, 20 other agreements

The Federal Republic of Nigeria and the Kingdom of Morocco have signed twenty-one bilateral agreements during the three-day official visit of the Moroccan King Mohammed VI to Nigeria.The agreements included, the Memorandum of Understanding Relating to Potential Collaboration Between Heirs ...

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Expect poor data service if tariff is not upwardly reviewed – ALTON

The Association of Licenced Telecommunications Operators of Nigeria (ALTON) on Thursday informed consumers to expect poor data services, without the review of the Data Tariff Floor. The Chairman of ALTON, Mr Gbenga Adebayo said in a statement in Lagos, that ...

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Oil prices soar as OPEC and Russia agree on production cut

An agreement between oil producer club OPEC and Russia to produce less to drain a global glut sent prices soaring in record trading volumes on Thursday. The Organization of the Petroleum Exporting Countries (OPEC) agreed on Wednesday its first oil ...

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50kg bag of rice now N8000 in Ebonyi, Nigeria to start export by 2017

A 50kg bag of rice is now selling for N8,000 in Ebonyi state, Eastern Nigeria, a reality that is in sharp contrast with the over N20,000 price tag for imported rice. The cheering news was reported by spokesman of Central ...

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TUC tells Nigerian government not to increase data

The Trade Union Congress of Nigeria, TUC, on Tuesday urged the Federal Government not to increase the cost of data to avoid further pressure on mobile telephone users. Bobooi Kaigama, the president of the congress, made the call in a ...

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Samsung to split over Note 7 fiasco

Samsung Electronics has confirmed it is considering dividing the company into two separate firms. The company has been under pressure from some investors to break itself into a holding unit and an operating company to boost shareholder value. The South ...

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Nigerians to show evidence of tax payment and pay VAT to obtain passport

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler on Monday said Nigerians will soon pay Value Added Tax (VAT) and show evidence of being tax payers before obtaining their passports. He said this at the 136th ...

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Kaduna refinery set for upgrade, expansion – NNPC

The Group Managing Director of NNPC, Dr Maikanti Baru, has reiterated the commitment of the corporation to upgrade and expand Kaduna Refining and Petrochemical Company Limited (KRPC). Baru made the pledge during a town hall meeting with management and staff ...

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14 ships discharging petrol, food, others – NPA

Fourteen ships are currently discharging petroleum products and other commodities at Apapa and Tin-Can Island ports in Lagos, the Nigerian Ports Authority (NPA) said on Friday. The document indicated that five of the ships were currently discharging petrol. NPA explained that ...

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