BUSINESS

ALLOCATION: FG, States, LGs share N420bn for October

The Minister of Finance, Mrs Kemi Adeosun, on Wednesday in Abuja said N420 billion was shared in October among the Federal, States and Local Governments. Adeosun told newsmen that same amount was shared in September. She said that N6.3 billion ...

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Guinness opens N4.8bn Spirit production line in Benin

As part of efforts to fulfil his campaign promise of creating 200,000 jobs in four years, Governor Godwin Obaseki of Edo State, has promised that his administration would partner Guinness PLC in achieving that feat. Obaseki made the promise on ...

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Naira records slight appreciation against dollar

The Naira on Monday in Lagos appreciated marginally against the dollar at the parallel market, gaining N2, the News Agency of Nigeria reports. The currency exchanged at N468 to the dollar as against N470 it traded on Friday. The Pound ...

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Army commended for patronising Made-in-Nigeria boots

Report that the Nigerian Army has placed order for 50,000 boots from Aba shoe manufacturers has generated commendation for the patronage of Made-in-Nigeria products. The Army reportedly asked Aba shoemakers to produce 50,000 pairs of boots for soldiers. Nigeria had ...

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FG loses N2trn to militants, vandals in 2016

The Nigerian National Petroleum Corporation (NNPC) said from January 2016 till date, government lost 7 billion dollars (N2.1 trillion) to the activities of militancy groups and oil pipeline vandals in the Niger Delta region. The Group Managing Director of NNPC, ...

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Oil remains critical to the Nigerian economy of today and the future – Buhari

The President of the Federal Republic of Nigeria, Muhammadu Buhari has stated that the practical way out of the economic challenge being experienced in the country lies in monies made from the country’s oil and gas sector.  The president who ...

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Aviation fuel, food items, petrol expected to arrive in 33 ships – NPA

The Nigerian Ports Authority, has revealed that thirty three ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from Oct. 25 to Nov. 31. The Nigerian Ports Authority ...

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Tony Elumelu, Bill Gates discuss the role of global philanthropy on business, politics and culture at Le Club de l’Economie hosted by Le Monde in Paris

Speaking at the Le Club de l’Economie in Paris France on Monday, Tony O. Elumelu, Chairman of UBA Plc and Founder of the Tony Elumelu Foundation, made a call to the French business community, global stakeholders and influential Africans in the development world to embrace ‘structured philanthropy’ in ...

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Debt Office advises FG not to borrow more than $22bn

The Debt Management Office (DMO) has advised the Federal Government not to borrow above 22.08 billion dollars in 2017. DMO gave the recommendation on Tuesday in its 2016 Debt Sustainability Analysis (DSA) report, obtained by the News Agency of Nigeria ...

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UBA Wins Big at Finacle Client Innovation Awards

United Bank for Africa has continued to receive accolades and global recognition for its  commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services to its customers. The pan African banking Group was adjudged winner in ...

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