Senate invites Bigi and Pepsi manufacturers, as stiff competition continues
Popular soft drinks manufacturers, Messrs 7-Up Bottling Company, makers of Pepsi, and Rites Foods Limited, makers of Bigi drinks were recently invited by…
Category: Business
Continued border closure not sustainable – MAN
The Manufacturers Association of Nigeria has said that the continued closure of the country’s land borders is unsustainable as many…
ICRC commends Sifax on concession agreement
THE Infrastructure Concession Regulatory Commission has commended the management of SIFAX Group for its level of compliance with the terms…
Shipping industry operators rally support for SON
THE leadership of the Association of Nigeria Licensed Customs Agents, ANLCA, has pledged to partner with the Standard Organisation of…
Petroleum products, bulk wheat dominate cargo throughput
REFINED petroleum products still dominate the nation’s import chart as over 316,247 metric tonnes of different refined petroleum products were…
Nigeria’s GDP forecast for 2020 to drop – IMF
The International Monetary Fund (IMF) has reviewed its projected GDP for Nigeria from 2.5% to 2% in 2020. The global lender…
AfDB to support agro-processing zones with $300m
The African Development Bank is to support the implementation of the Special Agro-Industrial Processing Zones project in Nigeria with $300m.…
Our tariffs up by 50% April 1 –Ikeja Disco
Ikeja Electric Plc says its tariffs will go up by 50 per cent beginning from April. The Disco disclosed this…
Salaries and wages commission develops five-year strategic plan
The National Salaries Incomes and Wages Commission has developed a five -year strategic plan to enable it to achieve its…
Uber, Bolt riders lament over high charges, as Okada ban persists in Lagos
The effect of the ban of commercial motorcycles in some key areas in Lagos is gradually creating holes in the…
Harmattan grounds foreign, domestic flights in Nigeria
Harmattan hays have caused flight cancellation and delay in the Nigerian Aviation sector grounding foreign airlines throughout the week. The harmattan has led…
BPE to raise N267bn from privatization of 20 coys
The Director-General of the Bureau of Public Enterprises, BPE, Mr Alex Okoh, has advised against re-nationalisation of the nation’s electricity…
NLNG achieves 83 percent of its Nigerianisation target
THE Nigerian Liquefied Natural Gas Company, NLNG has said that it has completed about 83 percent of its Nigerianization process…
Shell, NNPC lament over Nigeria’s electricity deficit
Gas producers, Shell and the Nigerian National Petroleum Corporation (NNPC) have lamented over the poor electricity supply in Nigeria despite the abundant…
Quality of local rice improves as food prices drop across major markets
The quality of locally-produced rice in Nigeria has recorded significant improvement in recent weeks, as the latest Nairametrics Household Survey revealed that…
Cargo diversion: Maersk, Safmarine deny dumping Lagos ports
CONTRARY to media reports, the world’s largest container carrier, Maersk and its sister company Safmarine have denied stopping their shipping…
SON shuts 13 steel factories over infractions
The Standards Organisation of Nigeria (SON) National Steel Task Force has sealed 13 steel factories across the country for standards…
Maersk, Safmarine deny dumping Lagos, as port challenges affect operations
Despite challenges affecting their operations in Lagos port, Maersk, the world’s largest container carrier, and Safmarine, a subsidiary of Maersk,…
New VAT regime, upward inflationary pressures are key economic headwinds – Cordros Research
Cordros Research has declared that the new Value Added Tax, VAT regime and persistent upward inflationary pressure are key economic…
US, Nigeria hold talk on commercial & investment in Washington D.C
No doubt, this week was loaded, especially in Washington D.C, where representatives from the United States of American and Nigerian…
Lagos state turns to Bolt, Uber; tackles them on operation permit
These are not good times for ride-hailing companies and their patrons in Lagos, as Governor Babajide Sanwo-Olu led administration has…
Non-oil export earnings fall by 37.8%
Earnings from non-oil exporters fell by 37.8 per cent in the last quarter of 2019, the Central Bank of Nigeria…
Nigeria’s revenue problem worries foreign investors — Khan
Foreign investors are worried about the low level of government revenue in Nigeria and the implication for the country’s ability…
FG plans clampdown on illegal LPG marketers
The Federal Government, yesterday, set a two-month deadline for marketers and dealers of liquefied petroleum gas, LPG, also known as…
N1.5tn revenue target for Customs too high — Stakeholders
Stakeholders have faulted the government for setting revenue target of N1.5tn for the Nigeria Customs Service this year. They insisted…
Berger Paints, Lagos govt in partnership talks
Berger Paints Plc has revealed plans to enter into a strategic partnership with the Lagos State Government on infrastructural projects.…
Elon Musk’s wealth rises by $13bn as Tesla hits stock boom
Elon Musk is charging up his fortune. The Tesla chief’s net worth has grown more than any other billionaire’s so…
Fish importation to stop in 2022 – FG
Fish importation will stop in 2020, the Federal Government has assured. It said it would encourage local fish production to…
Dangote tomato company resumes production in Kano
The Dangote Tomato Processing Company, Kadawa, says it has recruited no fewer than 100 skilled and casual workers ahead of…
Nigerian Breweries to raise N45bn from commercial papers
Nigerian Breweries has revealed plans to raise N45bn from its commercial paper issuance. The company announced the launch of Series…