Economy
SEC bars unregistered operators from capital market after May 31
The Securities and Exchange Commission, (SEC), has declared that Capital Market Operators, CMO, who fail to renew their registration before May 31, 2021, ...
Economy
TCN restores bulk power to all 330 KVA across grid
The Transmission Company of Nigeria(TCN) says it has restored bulk power to all the 330 Kilo Volt (kV) Transmission Stations across the entire ...
Economy
Deep Blue Project has reduced piracy in Nigeria’s Economic Zone – Jamoh
Abiola Seun The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, yesterday said piracy in the country’s Exclusive Economic ...
Economy
Investors commit $159m to revolutionise Nigeria’s cassava
Fayus Group, in collaboration with Shine Bridge Global (SBG) and Africa Global Schaffer (AfGS), are investing $159 million in Nigeria’s oil palm and ...
Economy
VAT increases by N41.7bn in Q1 2021- NBS
Value Added Tax (VAT) increased by N41.7 billion to N496.39 billion in Quarter One of 2021 as against N454.69 billion generated in Quarter ...
Economy
Hadiza refutes allegation of awards of coastline terminal to Dangote
Abiola Seun The suspended Managing Director of the Nigerian Ports Authority (NPA), Ms Hadiza Bala-Usman, has denied awarding a coastline terminal contract to ...
Economy
Elumelu denies UBA funded OML 17 acquisition
Chinazor Megbolu The Chairman, Heirs Holdings, Mr. Tony Elumelu, has denied that the United Bank for Africa (UBA) funded the acquisition of oil ...
Economy
NERC approves five-year performance improvement plan for Discos
The Nigerian Electricity Regulatory Commission (NERC) has approved a five-year Performance Improvement Plan (PIP) and Capital Expenditure (Capex) benchmark for Distribution Companies (Discos), ...
Economy
NEPC urges SMEs to embrace modern product packaging for exports packaging
The Nigerian Export Promotion Council (NEPC) has charged Small and Medium Enterprises (SMEs) to embrace modern packaging of their products to ...
Economy
TCN: How we transmitted 5,801.6MW to DISCOs without hitch
The Managing Director of the Transmission Company of Nigeria, Engr. Sule Abdulaziz, has said the company evacuated the country’s highest power generation of ...
Economy
NCDMB partners gas firm on skill development centre
Chinazor Megbolu The Nigerian Content Development and Monitoring Board (NCDMB) has partnered with the ANOH Gas Processing Company Limited in a bid ...
Economy
Firm secures approval for $2.9bn deep seaport at escravos
Mercury Maritime Concession Company (MMCC), has secured a provisional approval from the Federal Government through the Ministry of Transportation to construct $2.9 billion ...
Economy
FG bans importation of refined sugar through free trade zones
Chinazor Megbolu The Federal Government has announced the prohibition of the importation of refined sugar and its derivatives from the nation’s free trade ...
Economy
Dangote Cement increases capacity to meet demand surge
In a response to the growing demand, Dangote Cement Plc is poised to raise capacity by more than a third to meet the ...
Economy
Ekiti state imports dairy 250 cows to boost milk production
Chinazor Megbolu The Ekiti State government will be boosting milk production in the country with the importation of 250 cows from the United ...
Economy
Insurers deny non-remittance of N17.4 billion pension legacy fund to PTAD
Some insurance companies accused of non-remittance of N17.4 billion pension legacy fund to Pension Transactional Arrangement Directorate (PTAD) have denied such allegation, insisting ...
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