Latest Nigeria Business News
WHEN a lecturer in the Department of European Languages and Integrated Studies, University of Lagos (UNILAG), Dr Boniface Igbeneghu, met a ’17-year-old’ and made amorous advances at her, it never occurred to him that she was trouble. He woke up trouble. Now, he will find sleeping a Herculean task. A secret video recording gave the […]
THE Code of Conduct Bureau (CCB) has received a petition on former Chief of Justice of Nigeria Alfa Belgore. Belgore was accused of testifying against the country in favour of Process and Industrial Developments (P&ID), which secured a $9.6b arbitral award against Nigeria. The petition was filed by Human and Environmental Development Agenda (HEDA), whose […]
THE Standards Organisation of Nigeria (SON) has urged importers to venture into manufacturing to create create wealth and jobs for the nation’s teeming unemployed youths. The standards body said establishing manufacturing plants would go a long way to save the country of foreign exchange (forex) since most of what is imported into the country can […]
After losing N335 billion last week, Nigerian equities reopened on Monday on the same bearish note, losing N59 billion in the four-hour trading session at the Nigerian Stock Exchange (NSE). Despite increased bargain-hunting for growth stocks, losses suffered by large-cap stocks overshadowed the overall market situation. Major indices at the NSE indicated average decline of […]
THE Bank of Industry (BoI), has threatened to take action against some bakers who refused to pay back the loans they got for the production of cassava composite bread. The bakers took the loans under the aegis of Master Bakers and Caterers of Nigeria (AMBCN). The Regional Manager, Northcentral of BoI, Mr Jack Kings, said […]
United Bank for Africa is joining the rest of the world to celebrate the Customer Service Week, themed, “Magic happens here”, with recognitions for staff who have excelled in excellent service delivery. The event which is commemorated all over the world, recognises the importance of customer service and seeks to show appreciation to the staff […]
THE Kano Electricity Distribution Company (KEDCO) has raised the alarm over the eligible customer policy of the Nigerian Electricity Regulatory Commission (NERC) in its September 2019 Performance Investment Plan (PIP). The plan, which was posted on the website of the commission yesterday, explained that the “eligible customer regulations will allow large (eligible) customers to purchase […]
The founding Chairman of the Kwara State Internal Revenue Service, Prof. Muritala Awodun, on Monday said the agency collected N85bn as internally generated revenue during his tenure, from 2016 to 2019. He also said the state realised a total of N175bn as IGR from 1999 to 2019, adding that N90bn amounting to 51 per cent […]
First City Monument Bank has restated its commitment to attain the highest level of customer advocacy by leveraging its solid business models, bespoke solutions, and excellent service delivery. It added that its highly professional staff and technology would also be leveraged to turn the aspirations of its customers to opportunities. The bank gave the assurance […]
The Nigeria Extractive Industries Transparency Initiative on Monday called for the installation of adequate metering infrastructure at oil production fields and flow stations nationwide. NEITI said the Federal Government should always insist on metering its oil fields, particularly in the Niger Delta region, in order to reduce crude oil theft. The agency’s Executive Secretary, Waziri […]