Exchange Rates: BUY/SELL 1 USD=363/366 NGN, 1 GBP=470/475 NGN, 1 EURO=420/426 NGN

BUSINESS

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

NAFDAC1

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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CBN Reverses FOREX Ban on 41 Items for Small Imports

CBN Reverses FOREX Ban on 41 Items for Small Imports

The Central Bank of Nigeria (CBN) has lifted the restriction on 41 items listed as ineligible for foreign exchange. CBN, in 2015, shortly after President Muhammadu Buhari assumed office, placed a restriction on 41 items for which importers could no longer get dollars, including rice, toothpicks, cement, private jets, steel products, plastics and rubber, soap, cosmetics, furniture, Indian incense and foreign ...

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Forex: CBN bars First Bank, UBA, FCMB & More from SME Sales Window

Forex: CBN bars First Bank, UBA, FCMB & More from SME Sales Window

The Central Bank of Nigeria (CBN), on Tuesday, barred First Bank, the United Bank for Africa(UBA)  and 12 others from dealing in the Small and Medium Entreprises (SME) wholesale Forex window. The other banks affected by the order are  FCMB, Keystone Bank, Main Street Bank, Stanbic IBTC, Citi Bank, Enterprise Bank, Ecobank, WEMA Bank, Guaranty Trust Bank, Union Bank, SunTrust Bank and ...

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Millions lost as LG, Bedmate Showroom caught fire yesterday

Millions lost as LG, Bedmate Showroom caught fire yesterday

Yesterday was a bad day for LG Nigeria and their neighbors, Bedmate furniture as the building caught fire. The showroom located at New Road, Cheveron Drive caught fire at about 3pm and didn’t stop till 10pm. According to the LG staff, the fire escalated due to slow response of the Chevron Drive fire fighters team. They said they called them as soon as ...

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Dana aircraft loses one of it’s engines midflight and is forced to make an emergency landing

Dana aircraft loses one of it's engines midflight and is forced to make an emergency landing

A Dana aircraft traveling Friday from Lagos to Port Harcourt was forced to make an emergency landing after the aircraft lost one of its engines midflight. The flight with registration number 5N-SRI, which took off from the Murtala Muhammed Airport, Lagos, reportedly collided with a bird, leading to the loss of the engine. Mr Kingsley Ezenwa, Communications Manager of the airline, ...

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Snapchat CEO under fire after he brands India a poor country, several Indians unistall the app

Snapchat CEO under fire after he brands India a poor country, several Indians unistall the app

Snapchat’s CEO Evan Spiegel’s is under fire after he explains disinterest in expanding the business to “poor countries” like India. After he made that statement, the rating of the popular app dropped to a “single star” from an apparent “five star” on the App Store. Several users have also uninstall the app. US-based news website Variety on Saturday quoted Snapchat’s former employee ...

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Peak launches N40 powder sachet into the market

Peak launches N40 powder sachet into the market

One of the hallmarks of a super brand is the ability to appeal to consumers of different classes; keeping them happy without necessarily compromising qualities and values. Afterall, who says premium is not accessible? Peak Milk, a super quality brand that has been nurturing and nourishing generations since 1954 is not only premium but very accessible. Good! You say. However, ...

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President Buhari to launch Economic recovery and growth plan tomorrow

President Buhari to launch Economic recovery and growth plan tomorrow

President Buhari will launch the Economic Recovery and Growth Plan (ERGP) 2017-2020 tomorrow April 5th.A statement released by Special Adviser to President Buhari on media and publicity, Femi Adesina, states that the launch of the Economic recovery plan would help in the furtherance of the current administration’s drive to sustain and build on the successes so far recorded in tackling ...

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Tecno launches the PhonePad 3 at a glamorous event in Lagos

Tecno launches the PhonePad 3 at a glamorous event in Lagos

Africa’s frontier phone maker, TECNO Mobile unveiled its latest device at a launch hosted at the alluring Sheraton Hotel, Ikeja, Lagoson Monday, March 27, 2017.L-R Eason Duan, County Manager Tecno Mobile, Nigeria; Attai Oguche, Deputy Marketing Manager, PR and Sponsorships; Chidi Okonkwo, Regional Director, Transsion Holdings, West Africa; King Dong, Marketing Manager, TECNO Tablet Division; Eric iu, TenoTablet Division Manager; Emeka ...

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CBN reduces exchange rate from N370 to N360 for travel allowances, medicals and school fees

CBN reduces exchange rate from N370 to N360 for travel allowances, medicals and school fees

The Central Bank of Nigeria, announced that the exchange rate will be reduce from N370 to N360 for travel  allowances, medicals, and school fees. CBN made the announcement of it’s twitter page.

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AMCON hands over Keystone Bank to new investors

AMCON hands over Keystone Bank to new investors

Following the sale of Keystone Bank to Sigma Golf-Riverbank Consortium by the Asset Management Corporation of Nigeria (AMCON), the new investors have finally taken possession with a view to repositioning the bank immediately.A statement from the bank said the handover took place last Friday after the Completion Board Meeting to consummate the acquisition and pave way for the takeover was ...

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Photos: Pres Buhari receives briefing from CBN governor, Godwin Emefiele

Photos: Pres Buhari receives briefing from CBN governor, Godwin Emefiele

President Buhari today received briefing from CBN governor, Godwin Emefiele at the state house Abuja. He also signed the instrument of ratification of the treaty on the establishment of the Abidjan-Lagos corridor among the Governments of Republic of Benin, Cote D’ivoire, Ghana, Togo and Nigeria. See photos below:

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