Business Archives — Page 471 of 482

August 5, 2016 No Responses

Strike looms at seaports over increase in customs duty

By Moses Ebosele – Members of the Association of Nigerian Licensed Customs Agent (ANLCA) have threatened to shut down the nation’s seaports over 43 per cent increase in Customs duty. President of the Association, Alhaji Olayiwola Shittu who spoke...

August 5, 2016 No Responses

Transcorp suspends $1b power plan

(Bloomberg) Transnational Corp. of Nigeria Plc suspended plans to build one of the nation’s biggest power plants as a local gas shortage makes it difficult to obtain fuel and a downturn in Africa’s largest economy hinders efforts to raise funds for...

August 5, 2016 No Responses

Interswitch honours FirstBank for Sustaining 100 Million Monthly Transactions

By Moses Ebosele – Interswitch Group has honoured First Bank of Nigeria Limited as the first financial institution in the country to achieve sustained transaction volumes of 100 million transactions. The development was first recorded in December 2...

August 5, 2016 No Responses

‘Appointment of new Boko Haram leader is cheap propaganda’

By Moses Ebosele – The Federal Government has described the reported appointment of new Boko Haram leader as cheap propaganda. Speaking on Thursday at the All Nigerian Conference of Editors (ANEC) in Port Harcourt, Rivers State, the Minister....

August 5, 2016 No Responses

Buhari seeks stronger economic ties with Italy

(NAN)President Muhammadu Buhari has called for stronger trade and economic relations between Nigeria and Italy. A statement issued by the senior special assistant to the president on media and publicity, by Garba Shehu, explained that Buhari made the call wh...

August 5, 2016 No Responses

FG blacklist firm for allegedly diverting explosives

For allegedly diverting explosives, the Federal Government has blacklisted the Nigerian Development and Construction Company (NDCC), an importer and seller of explosives in Koko, Delta State. The Minister of Solid Minerals Development, Kayode Fayemi, in a...

August 5, 2016 No Responses

Minister congratulates football team for their victory over Japan

By Moses Ebosele – The Honourable Minister of Youth and Sports, Barrister Solomon Dalung has congratulated the National U-23 football team for their outstanding 5-4 victory over Japan in their opening Group B game. Dalung said “The Dream ...

August 4, 2016 No Responses

Dangote Cement opts for coal, revenue hits N292.2 billion

By Moses Ebosele – Come September this year (2016), Dangote Cement will commence use of coal as part of measures to tackle challenges associated with shortage of gas supply. Briefing the Nigeria Stock Exchange (NSE) on Wednesday in Lagos,...

August 4, 2016 No Responses

FG approves Badagry Seaport

The Federal Ececutive Council (FEC) on Wednesday approved the construction of $2.6 Billion Badagry SeaPort in Lagos State. The private sector project will be constructed over a period of five years. Briefing Journalists after the meeting, Minister of infor...

August 4, 2016 No Responses

First Bank reiterates support for customers

By Moses Ebosele – First Bank of Nigeria Limited has reiterated its resolve to strengthen its commitment to provide best financial solutions for customers. The Bank in a statement on Wednesday said it has through the years demonstrated an...

August 4, 2016 No Responses

Shareholders laud CBN policy on cheque deposit into savings account

By Moses Ebosele – Shareholder activist and Co-Founder of Nigeria Shareholders Solidarity Association (NSSA), Alhaji Gbadebo Olatokunbo, has commended recent Central Bank of Nigeria (CBN) directive approving payment of cheques into savings accou...

August 4, 2016 No Responses

Railway workers fault alleged sales of scraps, outsourcing

By Moses Ebosele – Workers of Nigerian Railway Corporation (NRC) have called for the suspension of alleged sales of iron scraps and outsourcing of recreational facilities. Under the aegis of Nigeria Union of Railway Workers (NUR) and Senior Sta...

August 4, 2016 No Responses

Jonathan visit Buhari, task Nigerians on unity

Former President Goodluck Jonathan has called for the protection and defend of the nation’s unity. Speaking with reporters after paying a courtsy visit to President Muhammadu Buhari, he said: “We are great because of our size, the human resources...

August 4, 2016 No Responses

Firefighter dies as Emirates plane with 300 passengers crash-land at Dubai airport

(Sky News)- A firefighter was killed while responding to a plane that crash-landed at Dubai airport and became engulfed in fire, the Emirates airline chairman has said. The passenger jet, carrying 300 people, crash-landed at Dubai International Airport and b...