News - Business and Economy

Shoprite opens in Kano as it records massive turnout of customers in its first day

4 years ago /

Shoprite a household name in shopping mall business has formally opened its Kano branch on Thursday amidst tight security.

'Do Agric, it pays' campaign: Experts encourage youths to return to farming

4 years ago /

Popular Nigerian singer and song writer, Dapo Oyebanjo, popularly known as D’banj has urged Nigerian youths to embrace agriculture so as to create wealth for themselves.

NCC pays a courtesy visit to Governor Mimiko

4 years ago /

The Nigerian Communications Commission (NCC) has described provision of telecommunication services across the length and breadth of the country as a tremendous life changing achievement.

Department of Weight and Measure of the Federal Ministry of Trade and Investment seals up eight ATM machines in Abuja

4 years ago /

Eight Automated Teller Machines have been sealed up in Abuja, the Nigerian capital for being operated illegally by four commercial banks.

Nigeria Economic Summit: More investment to be made in education sector

4 years ago /

The 20th annual Nigeria economic summit opened Tuesday in Abuja with education taking the centre stage.

Information: Experts say proper management is key to sustainable growth

4 years ago /

Proper information management has been identified as key to sustainable democracy, national and economic development in the twenty first century.

Boost for railway sector as new rail cars are commissioned

4 years ago /

The federal government has received six new air-conditioned coaches and six rail cars other wise known as Diesel Multiple Unit (DMU) at the Apapa port complex Lagos.

Increase in excess crude oil account

4 years ago /

Nigeria coordinating minister for the economy and finance Ngozi Okonjo Iweala has announced an increase in the excess crude oil account.  

Shocking statistics show rise in Consumer Price Index, CPI

4 years ago /

The Consumer Price Index (CPI), which measures inflation, rose by 7.7 % year-on-year in February 2014. 

Medview airlines deny flights were grounded

4 years ago /

The management of Medview airlines is blaming fifth columnists for putting out information that the authorities have grounded their operations.

2014 Global Money Week: CBN urges students to be enterprising

4 years ago /

The Central Bank of Nigeria has stressed the need for parents and guardians to ensure that young people around them develop a proper habit of saving as the world marks Global Money Week.

FAAC meeting: Committee distributes N531.332 billion

4 years ago /

The Federation Account allocation committee has distributed 551.332 billion naira as statutory revenue for the month of February. 

Missing money: NNPC insists no money is missing

4 years ago /

The senate probe into alleged unremitted $49.8 billion continued on Thursday with the group-managing director of Nigerian National Petroleum Corporation, NNPC Andrew Yakubu saying no money is missing.  

Sansui’s case stalled

4 years ago /

The federal high court in Abuja has reserved hearing for March 19 in a case instituted by the suspended Central Bank of Nigeria governor, Sanusi Lamido Sanusi.

World stocks

4 years ago /

Nigerian equities market closed yesterday on a negative not as the all share index depreciated by 0.30%.

Sterling Bank Plc introduces the first biometrics enabled POS

4 years ago /

Sterling bank Plc has deployed Biometrics Enable Point of Sale (POS) terminals to its entire agent banking outlets in the country.

PTDF hopeful for research into the use of cow dungs as gas

4 years ago /

The Petroleum Technology Development Fund, PTDF, says it is committed to ensuring that Nigeria stamps its foot in areas of renewable and unconventional energy.

PETROLEUM MINISTER PROMISES TO MAKE PETROL AVAILABLE FOR ALL IN THE COMING WEEK

4 years ago /

Nigeria’s minister of petroleum resources, Dieziani Allison-Madueke has denied allegation of plans to increase the pump price of petroleum products by the ministry of petroleum.

STOCK MARKET REPORT

4 years ago /

Major world equity markets were mostly steady on Tuesday, the Euro edged down and Gold rose, as traders kept an eye on tensions between Ukraine and Russia and the pace of growth in China.

DANGOTE CEMENT PIONEERS FIRST 52.5 GRADE CEMENT IN AFRICA

4 years ago /

Dangote Cement Plc has commenced the production of 52.5 cement grade in the country making it the first manufacturer of this grade in Africa.