BUSINESS

Customs warns fraudulent bidders to stay off e-auction platform

The Nigeria Customs Services (NCS) is warning fraudulent bidders involved in making unrealistic bids to stay off its e-auction platform or risk prosecution. The Customs Public Relations Officer, Mr Joseph Attah, told the News Agency of Nigeria (NAN) on Friday ...

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Nigerian SMEs Rejuvenates At RedStar SME 1000

Determined to rejuvenate and strengthen SMEs in the country while also bridging the logistics gap for SMEs, Red Star Express hosted small start-up owners at the SME 1000 workshop. Tagged ‘Breaking Boundaries, the event was intended to serve as a ...

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BREAKING: Etisalat Nigeria rebrands; changes to “9Mobile” telecom

Following the withdrawal of support by its Mubadala Group, Etisalat Nigeria is changing its brand name to 9Mobile. The investor from the United Arab Emirates, pulled out of Nigeria’s fourth largest mobile operator, due to a N541 billion debt. On ...

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2017 budget will be affected by uncertainty in oil market – Kachikwu

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has expressed concerns that the 2017 budget implementation will be affected by uncertainties in the global oil market. Kachikwu told journalists on Wednesday in Abuja the Ministry of Finance and ...

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FEC approves N740.75bn to pay contractors, clear local debts – Adeosun

The Federal Executive Council on Wednesday approved the issuance of promissory notes for the settlement of debts owed local contractors worth N740 billion. The Minister of Finance, Mrs Kemi Adeosun, gave the hint while addressing newsmen after the Federal Executive ...

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“Fix Bureaucracy to Make Nigeria Business Ready”, Elumelu tells FG

Chairman, Heirs Holdings, Tony O. Elumelu, CON, charged the public sector to urgently fix bureaucracy and the process of doing business in Nigeria to promote, attract and retain willing investment partners in the country. He made this call yesterday while ...

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Etisalat Nigeria assures: change of name will not affect operations

Emerging Markets Telecommunication Services Ltd. (EMTS) trading as Etisalat Nigeria on Tuesday informed its customers that the change of brand name will not affect its operations. Mr Ibrahim Dikko, the Vice President, Regulatory and Corporate Affairs, EMTS made this known ...

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32 ships ladened with petrol, food items, expected – NPA

Thirty-two ships laden with petroleum products, food items and other goods are expected to arrive in Apapa and Tin-Can Island ports in Lagos from July 12 to July 22. The Nigerian Ports Authority (NPA) stated this in its publication, `Shipping ...

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CBN injects $142m into Forex market

The Central Bank of Nigeria (CBN) has injected $142.5 million into the inter-bank foreign exchange, days after intervening in the retail segment of the market with $254.3 million. The spokesperson of the apex bank, Mr Isaac Okorafor, in a statement, ...

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Etisalat pulls out of Nigeria

Telecoms group Etisalat has finally announced the termination of its management agreement with its Nigerian arm. According to Reuters, the company has given few weeks to operators of the brand to phase out Etisalat in Nigeria Hatem Dowidar, chief executive ...

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