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BUSINESS

Electricity tarrif hike: Labour threatens to shut down economy

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The organised labour yesterday threatened to paralyze the nation’s economy if the Federal Government should go ahead with the planned hike on the electricity tariff. The organised labour was of the belief that such planned increment would lead to the closure of factories as well as unprecedented unemployment. National President of Non-Academic Staff Union Of Educational and Associated Institutions, NASU, ...

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Nigerians will feel the exit from recession gradually – NBS boss, Yemi Kale

Nigerians will feel the exit from recession gradually – NBS boss, Yemi Kale

Yesterday the National Bureau of Statistics (NBS), announced that the economy is out of recession. Many Nigerians welcomed the news but also added that the effect of exiting the recession has not yet been felt by the common man as cost of living is very high. President Buhari in his reaction to the news, also said that until coming out ...

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Buhari’s administration is working, results are showing – Minister of Information, Lai Mohammed

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Minister of Information and Culture, Lai Mohammed, has said the Buhari Administration is working and the results are showing in the various sectors of the economy. The Minister stated this at the 4th Annual Conference of the Association of Communication Scholars and Professionals of Nigeria (ACSPN) in Kano on Wednesday, noting that pulling Nigeria out of recession was not by ...

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C-River launches 3 agro-cultural festivals to boost tourism

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Cross River State Government has restated its commitment to boost tourism through agro-cultural festivals in the three senatorial districts of the state, adding that it had created three new Agro-Cultural Festivals to boost its tourism potentials. The festivals, which include Leboku, adopted for the Central district, Otumobong for the Southern district and a yet-to-be-named festival for the Northern zone, will ...

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Wine bottle recycling plant established in Jos

Badoo Members Strike Again In Ikorodu, Kill Family Of Five

A wine bottle recycling plant has been established in Jos, the Plateau capital, newsmen report. Our correspondent, who visited the firm, observed wine bottles being cut into various shapes and sizes and turned into cups, candle lights, lamp holders, fibre glass and flower vessels. Other items produced from the recycled wine bottles included mini jugs, interior and exterior decorations, decorative ...

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Photos: Governor Ortom launches sacks and modus for measurement of grains and fruits produce in Benue State

Governor Ortom launches sacks and modus for measurement of grains and fruits produce in Benue State

Benue State Governor, Samuel Ortom had launched sacks and mudus for grains and fruits  produce in the state. The Governor assured farmers that his administration will do everything lawfully possible to ensure that they get value for their produce. Ortom gave the assurance on Tuesday, at the Makurdi International Market during the official launch of Benue State Unified Standard Weights ...

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Borno gets N10.4bn for farmers’ support services from CBN – Official

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The Central Bank of Nigeria (CBN) on Friday said it had allocated N10.45 billion to augment farmer support services and encourage agricultural activities in Borno. Mr Mahmud Nyako, the CBN’s Development Financial Officer, told newsmen in Maiduguri that the amount was provided under the Anchor Borrowers Programme (ABP) initiated by the nation’s apex bank. Newsmen report that ABP scheme is ...

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Etisalat Nigeria approves Name Change to 9Mobile | NCC Yet to be Notified

Etisalat Nigeria approves Name Change to 9Mobile | NCC Yet to be Notified

Telecommunications firm, Etisalat Nigeria has changed its name to 9Mobile following the pull out of Etisalat International , confirming rumours that went around on Thursday. Etisalat in Abu Dhabi pulled out of Nigeria on Monday and gave the telecoms operations in Nigeria only three weeks to phase out the brand name and adopt a new one. Its decision to pull ...

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Gory photos reportedly from an abattoir in Edo State

Gory photos reportedly from an abattoir in Edo State

The abattoir at Ikpoba slope in Edo State has got to be the filthiest one ever seen. These photos of gutters filled with a gory mixture of blood, excreta, black water and other putrefied waste are enough to turn one into a vegetarians. See photos below:                             ...

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See photos of tubers of yam being packaged for exportation

See photos of tubers of yam being packaged for exportation

                                                                                         Minister of Agriculture, Audu Ogbeh, recently disclosed that Nigeria will begin to export Yam to other ...

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Nigeria Customs Service impounds 200 vehicles in Ogun State

Nigeria Customs Service impounds 200 vehicles in Ogun State

                                                                                         The Ogun State Area Command of the Nigeria Customs Service has intercepted and impounded over 200 ...

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Maryland Mall 1st year anniversary giveaways

Maryland Mall 1st year anniversary giveaways

                                                                              Maryland Mall, your unique shopping, commercial and fun centre, will be one year old on Wednesday 28th June 2017 How time ...

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Indonesia to build a refinery in Nigeria

Indonesia to build a refinery in Nigeria

                                                                               The Federal Government’s plan to attract investment in modular refineries as part of efforts to boost local refining capacity, gained momentum ...

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NNPC Crashes Diesel Price Nationwide by 42%

NNPC Crashes Diesel Price Nationwide by 42%

NNPC has announced a 42% in the reduction of price for diesel nationwide. This is contained in a press statement released by the corporation this evening. Read it below Price of Automotive Gas Oil (AGO), also known as Diesel, has crashed to about 42% nationwide, a huge downslide over the last six months, following key strategic interventions by the Nigerian ...

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NAFDAC waives 50% on registration fee of SMEs

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The National Agency for Food, Drug Administration and Control (NAFDAC) says it has waived 50 per cent on registration fee for locally manufactured products to promote Small and Medium Scale Enterprises (SMEs). The NAFDAC spokesperson, Dr Abubakar Jimoh, told newsmen in Abuja on Friday that the measure would go a long way to promote economic development. Jimoh explained that it ...

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Photos: Nigeria Customs, Ogun Command intercepts smuggled goods worth over N37m

Photos: Nigeria Customs, Ogun Command intercepts smuggled goods worth over N37m

The Officers and Men of Nigeria Customs Service Ogun Command on the 17th May, 2017, intercepted smuggled goods with Duty Paid Value of N37, 246, 847.00. The smuggled goods are: 721 cartons of imported Croaker fish loaded in two (2) J5 buses with registration numbers AKD 674 XU and KJA 635 XU respectively.  483 bags of 50kg smuggled foreign rice intercepted ...

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Acting president Yemi Osinbajo orders resumption of 24 hour operations at Apapa port

Acting president Yemi Osinbajo orders resumption of 24 hour operations at Apapa port

Acting President Yemi Osinbajo, SAN, has directed the resumption of 24-hour operations at the Apapa port and outrightly banned touting by officials or unofficial persons at any port; be it air, land and sea ports in Nigeria. Prof. Osinbajo had on Thursday signed three Executive Orders dealing with the business environment, local content in public procurement and timely budget submission. ...

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We are working hard with NNPC to retain the N145 petrol pump price – Minister of state for Petroleum resources, Ibe Kachikwu says

We are working hard with NNPC to retain the N145 petrol pump price - Minister of state for Petroleum resources, Ibe Kachikwu says

Minister of State for Petroleum Resources, Ibe Kachikwu, says despite the challenges in the petroleum industry globally, the Federal government in conjunction with the Nigeria National Petroleum Corporation, NNPC, is working tirelessly to ensure that the pump price of petrol does not exceed the current N145 per liter. Kachikwu said this in his keynote address delivered on his behalf by ...

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E.U. slams Facebook with $122 Million fine over misleading information

E.U. slams Facebook with $122 Million fine over misleading information

                                                                  Today, the European Commission (EU) slammed Facebook with $122 million fine for misleading information about its $19 billion acquisition of WhatsApp in 2014. According to the EU, ...

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La Casera Apple Drink wears fresh new look with more apple juice…NAFDAC, SON, MAN endorse brand

La Casera Apple Drink wears fresh new look with more apple juice...NAFDAC, SON, MAN endorse brand

                                                                       The La Casera Company Plc, makers of Nigeria’s leading Apple Carbonated Soft Drink has launched a fresh new look for its flagship brand, La Casera ...

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