Nairametrics

BusinessDay

  • FG appoints three new directors, one GM for FAAN
    The Federal Government has appointed three new Directors and a General Manager for the Federal Airports Authority of Nigeria (FAAN). The newly appointed directors are Group Captain U.S.A. Sadiq, appointed as Director of Security Services (DSS), Rabiu…
    - 1 hour ago 24 Feb 17, 10:37pm -
  • Xenophobic attacks: Nigerians must restrain from violence – Bongo
    An expert in development economics at the Lagos Business School, Dr. Adi Bongo, has implored Nigerians to resist the pressure of embarking on reprisal attacks on South African installations and companies in Nigeria. Bongo, a UNU Fellow and a World Ba…
    - 2 hours ago 24 Feb 17, 9:42pm -
  • Trump signs order to cut government regulations
    U.S. President Donald Trump on Friday at the White House signed an executive order aimed at reducing the number of government regulations. “Excessive regulations are killing jobs, driving companies out of our country like never before, the measure…
    - 4 hours ago 24 Feb 17, 8:07pm -
  • Sustainability, frontier exploration top agenda for Sub-Sahara African Oil and Gas Summit
    All is set for the third edition of the Sub-Sahara Africa Upstream Oil and Gas Summit and Exhibition organised by Zenith Professional Training (ZPT). Top on the agenda for the summit scheduled to start on April 5th and last till April 7th, 2017 in La…
    - 4 hours ago 24 Feb 17, 8:04pm -
  • Sokoto motorists groan as petrol sells for N180/litre
    Motorists are groaning in Sokoto metropolis and its environs as a litre of petrol is now selling for N180, the News Agency of Nigeria (NAN) reports. On Friday, the commodity was only available in few filling stations owned by independent petroleum ma…
    - 4 hours ago 24 Feb 17, 7:30pm -
  • IITA, partners inaugurate N4.2b yam seed improvement programme
    The International Institute of Tropical Agriculture (IITA) and partners on Friday inaugurated a N4.2-billion Yam Improvement for Income and Food Security in West Africa (YIIFSWA-11) project to boost food security. The Project Leader, Norbert Maroya,…
    - 5 hours ago 24 Feb 17, 7:24pm -

Channelstv » Business

  • Nigeria To Float Sovereign Green Bonds
    The Nigerian government has expressed its readiness to become the first country in Africa to float sovereign green bonds. This came to the fore on Thursday at the interface between the Federal Government and its agencies, led by the Acting President,…
    - 1 day ago 23 Feb 17, 4:44pm -
  • Osinbajo Seeks 500 Million Dollars Eurobond
    The Acting President, Professor Yemi Osinbajo, has written to the Speaker of the House of Representatives, seeking approval for the issuance of 500 million dollars Eurobond to fund the 2016 budget. According to the letter which was read by the Speake…
    - 2 days ago 22 Feb 17, 10:01pm -
  • FAAC: Government Distributes 465bn Naira For January
    The Federal Government says 465 billion Naira has been distributed by the three tiers of government as revenue collected for the month of January. This was revealed by the Permanent Secretary to the Ministry of Finance, Mahmud Dutse, who chaired the…
    - 3 days ago 21 Feb 17, 9:36pm -
  • Osinbajo To Launch MSME Clinic In Kwara
    Acting President of Nigeria, Professor Yemi Osinbajo, is set to launch a three-day Micro Small and Medium Enterprises (MSME) clinic on Thursday, February 23 for viable enterprises in Ilorin, the Kwara State capital. Recall that Acting President Osinb…
    - 3 days ago 21 Feb 17, 6:54pm -
  • Naira Drops As CBN Announces New FX Policy
    The Central Bank of Nigeria (CBN) on Monday announced its first policy actions in the Foreign Exchange (FX) market. The announcement by the financial regulator comes less than a week after the National Economic Council asked the CBN to revisit its po…
    - 4 days ago 20 Feb 17, 7:12pm -
  • CBN To Disburse More Funds To Banks
    The Central Bank of Nigeria says it would provide direct immediate additional funding to banks in order to meet the personal, business, medical as well educational demands of Nigerians. According to a statement released on Monday by the regulator, it…
    - 4 days ago 20 Feb 17, 4:29pm -
  • Enugu Internal Revenue Board Seals Off Eight Banks
    The Enugu State Board of Internal Revenue has sealed off eight banks in the metropolis, for failure to remit about 1Billion Naira tax to the government. The exercise which started on Monday morning at about 5:30am, affected Access Bank PLC, Stanbic I…
    - 5 days ago 20 Feb 17, 11:02am -
  • FG Denies Withholding Statutory Allocation To Ekiti State
    The Ministry of Finance has refuted claims by the Governor of Ekiti State, Mr Ayodele Fayose, that it is withholding statutory allocation to the state. The ministry described the claims as incorrect while stating that it has not withheld any statutor…
    - 8 days ago 16 Feb 17, 8:41pm -
  • Kwara Assembly Wants Education Monitoring Fund Reviewed
    In the bid to consolidate the feat recorded at the on-going education reform, the Kwara State House of Assembly has sought an upward review of 1.36 million Naira to 2.99 million Naira. This if for the allocation of the Monitoring and Evaluation Unit…
    - 8 days ago 16 Feb 17, 3:25pm -

Premium Times » Business

Punch » Business

    Vanguard » Business

    • Sugar refineries struggle with backward integration
      Sugar manufacturers in the country are still struggling with their backward integration programmes amidst likelihood that the massive drop in the volume of output three years ago may sustain a recovery trend began in 2014.The post Sugar refineries s…
      - 1 day ago 23 Feb 17, 11:33pm -
    • FG to float N20bn Green Bond for environmental sustainability projects
      THE Federal Government Thursday said that plans are under way to launch a N20 billion Green Bond in the Nigerian capital market, the first ever in the emerging markets.The post FG to float N20bn Green Bond for environmental sustainability projects a…
      - 1 day ago 23 Feb 17, 9:33pm -
    • NDIC records N53bn operating surplus in 2016
      THE Nigeria Deposit Insurance Corporation (NDIC) said it recorded N53 billion as operating surplus for the 2016 operating year. Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim, disclosed this while defending the 2017 budget of the Corp…
      - 1 day ago 23 Feb 17, 9:32pm -
    • MMM again to freeze Mavros, introduce new rules
      The popular ponzi scheme, Mavrodi Mondial Moneybox, MMM, has again announced it would freeze some Mavros of its participants and introduce new measures to ‘serve them better.’The post MMM again to freeze Mavros, introduce new rules appeared firs…
      - 1 day ago 23 Feb 17, 12:51pm -
    • Newly introduced foreign exchange policy will strengthen naira — CBN
      The newly introduced foreign exchange policy by the Central Bank of Nigeria (CBN) will help shore up the naira, an official of the bank has said.The post Newly introduced foreign exchange policy will strengthen naira — CBN appeared first on Vangua…
      - 2 days ago 23 Feb 17, 8:43am -
    • Sugar refineries struggle with backward integration
      SUGAR manufacturers in the country are still struggling with their backward integration programme amidst likelihood that the massive drop in the volume of output three years ago may sustain upwards swing.The post Sugar refineries struggle with backw…
      - 2 days ago 23 Feb 17, 3:02am -
    • Manufacturers calls for full implementation as CTG Fund revamps 38 firms
      MANUFACTURERS Association of Nigeria (MAN) has indicated that about 38 textile manufacturing companies have so far benefited from textile special revival funding window. With this progress MAN has proposed a full implementation of the National Cotto…
      - 2 days ago 23 Feb 17, 2:35am -
    • Nigerian Breweries rewards distributors
      NIGERIAN Breweries Plc has rewarded its distributors and transporters nationwide for the value they added to the company’s business in 2016 despite tough operating environment and competition in the industry.The post Nigerian Breweries rewards dis…
      - 2 days ago 23 Feb 17, 1:35am -
    • LPO Finance: What you need to know
      Just as every agreement has its terms and conditions, there are some criteria which you will need to meet in getting your bank to finance your local purchase order (LPO) or contract. While the details may vary from bank to bank, the general criteria…
      - 2 days ago 22 Feb 17, 11:45pm -
    • MSMEs clinics: FG to roll out more initiatives today
      THE Federal Government is pushing forward with the implementation of its entrepreneurship development programme, The Micro, Small and Medium Enterprises, MSMEs, as it rolls out the second leg today in Ilorin, Kwara State.The post MSMEs clinics: FG t…
      - 2 days ago 22 Feb 17, 11:32pm -
    • Govt moves to boost ease of doing business
      THE Federal Government has initiated moves to facilitate ease of doing business in Nigeria by approving a 60-day national action plan to push through short term reforms in the nation’s seaports, airports, immigration, among others.The post Govt mo…
      - 2 days ago 22 Feb 17, 11:23pm -
    • FCMB steps up commitment to SMEs
      FIRST City Monument Bank (FCMB), Plc has indicated its commitment towards supporting growth of Small and Medium Enterprises, SMEs, as a way towards actualizing Nigeria’s economic growth potentials.The post FCMB steps up commitment to SMEs appeared…
      - 2 days ago 22 Feb 17, 9:27pm -
    • Rice growers step up productions as local demand grows
      By Jimoh Babatunde NIGERIA is the largest producer of rice in West Africa, but also the second largest importer of rice in the world. Today, Nigerians are said to be consuming about 6.5 tonnes of rice annually with less than half of that figure produ…
      - 3 days ago 22 Feb 17, 10:43am -
    • FMDQ records first 2017 corporate bond listing with Forte Oil’s N9bn
      FMDQ OTC Securities Exchange, yesterday, admitted for listing the Forte Oil Plc’s N9 billion bonds on its platformThe post FMDQ records first 2017 corporate bond listing with Forte Oil’s N9bn appeared first on Vanguard News.
      - 3 days ago 22 Feb 17, 12:30am -
    • Naira rises by N4 as CBN intervenes with $411.8m
      —The naira, yesterday, appreciated to N516 per dollar in the parallel market as the Central Bank of Nigeria, CBN, intervened in the foreign exchange market by selling $411.8 million dollars for visible and invisible foreign exchange transactions.T…
      - 3 days ago 21 Feb 17, 11:31pm -
    • FG orders telecom coys to list on Stock Exchange
      THE Federal Government has ordered all mobile telecommunication companies in the country to list their shares on the Nigerian Stock Exchange (NSE) or face sanctions.The post FG orders telecom coys to list on Stock Exchange appeared first on Vanguard…
      - 3 days ago 21 Feb 17, 11:19pm -
    • Coronation Merchant Bank profitability rises by 128%
      CORONATION Merchant Bank Limited has recorded 128 per cent growth in its profit before tax (PBT) which rose to N5.6 billion in 2016.The post Coronation Merchant Bank profitability rises by 128% appeared first on Vanguard News.
      - 3 days ago 21 Feb 17, 9:31pm -
    • Fitch affirms UBA, Stancbic IBTC ratings
      FITCH Ratings, the global leader in credit ratings and research, has re-affirmed the national ratings of United Bank for Africa, UBA Subsidiaries and Stanbic IBTC Bank PLC (SIBTC) and its holding company, Stanbic IBTC Holdings Plc, in spite of the in…
      - 3 days ago 21 Feb 17, 9:29pm -
    • Consumer Watch: Know prices of goods and commodities
      Homemakers visit to Mile12 market in Lagos on Tuesday, saw a significant increase in the price of gari. A gari seller told our correspondent that the price will still increase because it is in March every year that cassava is always scarce. So the pr…
      - 3 days ago 21 Feb 17, 9:17pm -
    • Why there’s pressure on naira – Minister
      The Minister of Science and Technology, Dr. Ogbonnaya Onu, yesterday said the penchant of Nigerians seeking foreign exchange to meet their needs is responsible for the pressure on the Naira.The post Why there’s pressure on naira – Minister appe…
      - 3 days ago 21 Feb 17, 8:54pm -

    Sahara Reporters » Business

    Leadership NG » Business

    ThisDay » Business

      The Nation » Business

      • Landlord families shut down Agip’s oil wells
        The ONELGA Oil and Gas landlords Families in ONELGA in Rivers State have shut down 37 of the oil well heads of the Nigerian Agip Oil Company/NNPC joint venture. The association´s chairman Mr. Chikobi Alali, in a statement said the decision to shut d…
        - 12 hours ago 24 Feb 17, 12:13pm -
      • Smartphone: Gionee to launch A1 at Mobile World Congress 2017
        Gionee Communication Equipment Co. Ltd, will launch a brand new smartphone A1, at the Mobile World Congress (MWC). Mobile World Congress is the world’s largest gathering for the mobile industry, organised annually by the Groupe Speciale Mobile Asso…
        - 1 day ago 23 Feb 17, 11:52pm -
      • Protesters attack, vandalise MTN office
        • Mobile giant expresses faith in economy Youths protesting the xenophobic attack on some Nigerians in South Africa, yesterday attacked and vandalised the head office of MTN in Abuja. According to Reuters, an spokesman was quoted as saying; “They…
        - 1 day ago 23 Feb 17, 11:00pm -
      • ‘Govt reforms to strengthen institutions, business, says Saraki
        The Federal Government is to address concerns over investments inflow and ease of doing business through its new reforms that will see the emergence of strong institutions to implement its agenda, the Senate President, Bukola Saraki has said. At a fo…
        - 1 day ago 23 Feb 17, 11:00pm -
      • Niger: Farmers lose crops worth millions to army worms
        Farmers in four local government areas of Niger State have lost crops worth millions of naira to army worms, the  Commissioner for Agriculture and Rural Development, Kabiru Abbas Musa, has said. Musa said the state government had taken steps to prev…
        - 1 day ago 23 Feb 17, 11:00pm -
      • ‘How biofuel can be major forex earner’
        A biochemist and expert in biofuel technology, Chief Obiora Ogonsiegbe, has canvassed the need to embrace biofuel  to position it as a veritable foreign exchange earner. Ogonsiegbe said it was imperative to embrace biofuel because Nigeria could run…
        - 1 day ago 23 Feb 17, 11:00pm -
      • Fed Govt, governors, firm meet over $4.5b Chinese agric loan
        The Federal Government has met with some governors and a Chinese company, YTO China-Africa Machinery Corporation (CAMACO), to fine-tune the implementation of the $4.5 billion agriculture infrastructure loan agreement with the Peoples Republic of Chin…
        - 1 day ago 23 Feb 17, 11:00pm -
      • ‘How to tackle deficiency in fish production’
        An expert in aquaculture, Mrs. Mojisola Funmilayo Siyanbola, has urged the Federal Government to provide effective and efficient proactive security measures to tackle the deficiency in fish production and preservation. Mrs Siyanbola, a  senior lectu…
        - 1 day ago 23 Feb 17, 11:00pm -
      • Bank directors owe N740b, says NDIC chief
        Bank directors owe commercial banks N740 billion, representing 40 per cent of N18.3 trillion non-performing loans in the banking industry, NDIC Managing Director/Chief Executive Umaru Ibrahim has said. He said the debt constituted insider/directors r…
        - 1 day ago 23 Feb 17, 11:00pm -
      • Reps Committee lauds CBN’s support for education
        The House of Representatives Committee on Banking and Currency members has praised the Central Bank of Nigeria (CBN) intervention projects in the educational sector. The committee members, who spoke at the end of oversight visit to CBN’s projects i…
        - 1 day ago 23 Feb 17, 11:00pm -