archiveAugust 2016

The Federal Government through the National Automotive Design and Development Council (NADDC) has announced plans to launch a credit purchase scheme to give opportunities to Nigerians to purchase locally assembled vehicles in Nigeria. According to the Director, Policy and Planning, Mr. Luqman Mamudu, said the council is contributing about N7.5...

Stakeholders in the electrical and electronic equipment segment of the Nigerian economy have given their tacit support to measures by the Standards Organisation of Nigeria (SON) to checkmate sub-standardisation in electrical appliances brought in or sold in the country. This implies more stringent enforcement exercises and stiffer penalty for recalcitrant...

British American Tobacco Nigeria (BATN) has emerged winner of the Manufacturers Association of Nigeria (MAN) ‘Best Industrial Premises’ award for 2016. BATN, which was only making its first attempt in the competition, garnered 92 per cent score to place first. The announcement was made following the environmental assessment of the...

The Nigerian equities market closed on a negative note today, following a 1.80 per cent decline in lead market indicators bringing the Year-to-Date return to -4.41 per cent even as investors on the Exchange made a loss of N172 billion. This is in contrast to 0.25 per cent gained on...

  The two-day Delta State Economic and Investment Summit will commence tomorrow as part of activities marking the 25th anniversary of the creation of the state. Vice President Yemi Osinbajo will represent President Muhammadu Buhari at the event. The State Commissioner for Information, Mr Patrick Ukah who spoke on the...

Former Super Eagles skipper, Joseph Yobo, has signed for Kano Pillars Football Club as a player. As a way of promoting and adding value to the local league and further make it more competitive, the deal makes him an ambassador of the League Management Company (LMC) and this  will see...

A former Governor of the Central Bank of Nigeria (CBN) and currently the Emir of Kano, Alhaji Sanusi Lamido Sanusi II, in his usual no-hold-bar approach to issues, has come down strongly on the present administration and warned that the government handling of the economy was not in the right...

  Sterling Bank reacts The Central Bank of Nigeria (CBN) has readmitted the United Bank for Africa (UBA) to the forex market after its suspension following breach in TSA dealing. The apex bank gave the directive in a press statement this night signed by its Director, Banking Supervision Mr. ‘Tokunbo...

  ...Reveal IBB's pranks PRESS STATEMENT NIGERIA CONSTITUTIONALLY IS A SECULAR NOT MULTI-RELIGIOUS COUNTRY: FACTUALLY IT IS AN ISLAMIC STATE Introduction The Saturday Guardian, August 20, 2016, had the front page captioned “Nobody Can Islamize Nigeria, says Sultan”. The main story on page two of the paper with another caption,...

Nigeria's government has approved a 3-year spending plan, assuming a benchmark oil price of $42.50 per barrel in 2017 and production at 2.2 million barrels a day, the budget minister said on Wednesday. According to Reuters’ report monitored by Business247 News Online, the budget sees oil production and prices rising...