Business News Archives — Page 39 of 48

February 18, 2020 No Responses

Kwara To Revoke 5,000 Plots Of Land

The Kwara government says it will revoke over 5,000 plots of land sold illegally by the immediate past administration. Bolaji Edun, the Director-General of Kwara Bureau of Lands, disclosed this in an interview with the News Agency of Nigeria (NAN)...

February 17, 2020 No Responses

1.9m Candidates Register For 2020 UTME

The Joint Admissions and Matriculation Board (JAMB) has so far registered over 1.9 million prospective candidates for its 2020 Unified Tertiary Matriculation Examination (UTME). The board’s head of Media and Information, Dr Fabian Benjamin, discl...

February 17, 2020 No Responses

Ban On Fish Importation To Save Nigeria Over $1b

Plans by the Federal Government to ban fish importation will save the country over $1billion US dollars, the Treasurer, National Fish Association of Nigeria(NFAN), Chibunna Ubawuike, has said Ubawuike, who made the disclosure in an interview with the New...

February 16, 2020 No Responses

Ikeja Electric Targets N170b Revenue In 2020

Ikeja Electric (IE) has projected total revenue of N170 billion in 2020 with the implementation of the increment in various classes of electricity tariff. The company is to create a new tariff class called Bilateral for customers and had signed...

February 16, 2020 No Responses

Airlines Apologise To Passengers Over Delays, Cancellations

Some airlines at Nnamdi Azikiwe International Airport (NAIA), Abuja, have apologised to passengers over flight delays and cancellations in the last one week. They all attributed the flight delays and cancellations to bad weather conditions during separate inte...

February 15, 2020 No Responses

Abuja Chamber of Commerce Unveils New Office Complex

President Muhammadu Buhari has lauded the Abuja Chamber of Commerce and Industry (ACCI) for scaling up economic diplomacy and establishing bilateral relations with other countries. Buhari, represented by the Minister of Industry, Trade and Investment, Mr Adeni...

February 14, 2020 No Responses

Nigeria loses N1.3tri To Tax Waivers

Nigeria lost 1.3trillion naira to granting of tax waivers to companies operating in three sectors of the economy in the last five years, the Federal Inland Revenue Services (FIRS) has said. Chairman of FIRS, Mr Muhammad Nami, made the disclosure...

February 14, 2020 No Responses

Ecobank: Nigeria Can Feed Africa’s 1.2b Population

Ecobank says Nigeria has the capacity to feed Africa’s estimated 1.2 billion people if it harnesses the gains of the agricultural value chain. According to the bank, success in Nigeria’s agricultural sector means the reduction in the demand for foreign...

February 13, 2020 No Responses

Nestle Stops Chocolate Production Due To Low Sales

Less than two years after it was launched, Nestle has dropped its range of chocolate that used a new low-sugar technique, According to the foremost firm, demand for its Milkybar Wowsomes had been “underwhelming”. The bars used what Nestle described...

February 13, 2020 No Responses

Nigeria Discovers Crude Oil In Northeast

The Minister of State for Petroleum Resources, Chief Timipre Slyva, said that about one billion Barrels of Crude oil have been discovered in Northeastern part of Nigeria. Sylva made the disclosure at a news Conference to end the 2020 Nigeria...

February 13, 2020 No Responses

Valentine: Access Bank Unveils New Offers

Access Bank Plc has unveiled a series of great deals and exciting offers to celebrate its customers this Valentine season. The campaign, tagged “It’s a Love Thing” is the 4th edition and will kick off from February 11 to February...

February 12, 2020 No Responses

CBN Boosts Forex Market With $210m

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market to boost liquidity in the sector. The bank’s Director, Corporate Communications Department, Mr. Isaac Okorafor made this known in a...

February 12, 2020 No Responses

Valentine: Coscharis Unveils Special Package For Customers

In the spirit of Valentine’s Day, leading auto dealer, Coscharis Motors is set to delight its customers with special gifts of love across its entire line up of iconic automobile brands including BMW, Jaguar Land Rover and Ford. Its scheduled...

February 12, 2020 No Responses

Demutualisation: NSE Releases 78:22 Sharing Formular For Dealing, Ordinary Members

The Nigerian Stock Exchange (NSE) on Tuesday released the distribution formula for the allotment of shares for the post-demutualised Nigerian Exchange Group Plc on the ratio of 78:22 between dealing members and ordinary members. The exchange stated this in a.....