Tag: Business

FG to partner Northern States on revival of Durbar Festival
September 2, 2016 No Responses

FG to partner Northern States on revival of Durbar Festival

The Federal Government is to work with the states in Northern Nigeria to revive the Durbar Festival because of its huge potential to showcase the pristine African culture and also create jobs. The Minister of Information and Culture, Alhaji Lai Mohammed,...
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No going back on new minimum wage, says NLC
September 2, 2016 No Responses

No going back on new minimum wage, says NLC

The Nigeria Labour Congress (NLC) yesterday called on  the Federal Government to reconstitute the tripartite committee to negotiate a new minimum wage in view of the current economic recession facing the country.   Speaking at 59th Annual General Meeting, NL...
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Port of Antwerp unveils investment agenda for West Africa
September 2, 2016 No Responses

Port of Antwerp unveils investment agenda for West Africa

The port of Antwerp is to invest into the expansion of West African port of San Pedro, Côte d’Ivoire, as it agreed with the port to collaborate on the expansion plans over the next few years. Work on construction of...
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Airtel, Nestle CEOs list modalities for improved GDP
September 1, 2016 No Responses

Airtel, Nestle CEOs list modalities for improved GDP

The critical role of private sector in the development of Nigeria’s economy took the centre stage on Wednesday at the second edition of Nigerian Stock Exchange (NSE) Chief Executive Officers (CEOs) roundtable discussions in Lagos.   Some Chief Executive Off...
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Nigeria’s GDP Contracts 2.06% as NBS confirms recession
September 1, 2016 No Responses

Nigeria’s GDP Contracts 2.06% as NBS confirms recession

The National Bureau of Statistics (NBS) confirmed on Wednesday that Nigeria has entered the recession bracket.   The situation is further compounded as the country continues to records job losses occasioned by sustained drop in the price of crude oil...
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CBN ​lifts forex ban on eight banks
September 1, 2016 No Responses

CBN ​lifts forex ban on eight banks

The Central Bank of Nigeria (CBN) has re-instated  eight banks banned  from operating in the country’s foreign exchange market.    The re-instated Banks are First Bank of Nigeria (FBN), First City Monument Bank Plc, Diamond Bank Plc, Sterling Bank Plc,.....
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Beware of online fraudsters, SEC cautions investors
September 1, 2016 No Responses

Beware of online fraudsters, SEC cautions investors

The Securities and Exchange Commission (SEC)  has cautioned investors against patronizing illegal operators currently running an online investment scheme tagged ‘MMM Federal Republic of Nigeria’.  According to SEC, the fraudsters carry out their ...
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Workers differ on Aero Contarctor’s suspension of operation
September 1, 2016 No Responses

Workers differ on Aero Contarctor’s suspension of operation

(NAN) Leaders of aviation workers’ union have expressed different views on Aero Contractors’  plan  to suspend flight oeprations from September 1, 2016. Isaac Balami, president, National Association of Aircraft Pilots and Engineers, applauded the decisio...
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Drewry: Pressure Mounts on Carriers to Cut Costs
September 1, 2016 No Responses

Drewry: Pressure Mounts on Carriers to Cut Costs

As the container industry revenues are contracting faster than carriers can cut costs, the shipping consultancy Drewry said that prolonged losses in the container shipping industry are likely to lead to more container merger and acquisition activity or more ...
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Quadri, Toriola, others to get improved ITTF ranking
September 1, 2016 No Responses

Quadri, Toriola, others to get improved ITTF ranking

 Indications emerged on Wednesday that  Africa’s best table tennis player at Rio 2016 Olympic Games, Aruna Quadri will lead his compatriots – Segun Toriola, Edem Offiong and Olufunke Oshonaike for an improved rating when the September ITTF ranking is rel...
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FG seeks cultural tiers with Sudan
August 31, 2016 No Responses

FG seeks cultural tiers with Sudan

The Minister of Information and Culture, Alhaji Lai Mohammed, has called for the strengthening of bilateral ties between Nigeria and Sudan in the areas of cultural/creative industry and digital economy in order to boost the efforts of the two countries...
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CBN approves 11 international money transfer operators
August 31, 2016 No Responses

CBN approves 11 international money transfer operators

The Central bank of Nigeria (CBN) has licensed 11 new international money transfer operators (IMTOs) to do business in the country’s foreign exchange market. A statement issued by CBN  spokesperson Isaac Okorafor, explained that the licensing was in further...
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I’m in Nigeria to learn, listen, says Zuckerburg
August 31, 2016 No Responses

I’m in Nigeria to learn, listen, says Zuckerburg

The founder and Chief Executive Officer of Facebook, Mark Zuckerburg  said he is in Nigeria to listen, learn and take ideas back to California on how Facebook can better support tech development and entrepreneurship across Africa.    Zuckerburg who arrived....
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Nigeria, Britain seal MoU on stolen funds
August 31, 2016 No Responses

Nigeria, Britain seal MoU on stolen funds

A Memorandum of Understanding (MoU) on modalities for the repatriation of Nigeria’s stolen assets has been signed by Nigeria and British Government   The Attorney-General of the Federation, Abubakar Malami, who signed onbehalf of Nigeria explained that the ...
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