archiveSeptember 2016

The Transition Monitoring Group (TMG) in a statement signed by its Chairperson Dr. Abiola Akioyede-Afolabi  said the TMG observers reported complaints about allegations of inducement of voters by political parties on the basis of ‘vote for cash/cash for vote’ to influence who they voted for. “This will be a sore...

The Federal Government is set to reduce the income tax rates payable by Small, Micro and Medium Enterprises (SMMEs) in the country to encourage more start-ups in SMMEs, boost the profitability of the existing ones, generate new jobs and make higher contribution to the Gross Domestic Product (GDP). The new...

Indications have emerged that the Federal Government has concluded plans to resuscitate the suspended Export Expansion Grant (EEG) even as the special committee to review the scheme has submitted its report. This was revealed on Thursday by Barrister George Enyiekpon who represented the Nigeria Export Promotion Council (NEPC) at the...

As weak revenue and hike in finance charges, Vitafoam Nigeria Plc has announced N159 million loss in nine months. The household company in its unaudited financial statements for the period ended June 30, 2016 shows a poor state performance compared to prior nine months of 2015. The company had announced...

Former Lagos State Governor and APC National Leader, Asiwaju Bola Tinubu, has congratulated the party's candidate in the Edo State governorship election, Mr. Godwin Obaseki, for his victory in the election, saying Edo people have made their choice. He said Obaseki is a tested technocrat who is competent and experienced...

Total Group has announced the appointment of Mr. Abiodun Afolabi to the Board of Directors of Total E&P Nigeria Limited (TEPNG) and Total Upstream Nigeria Limited (TUPNI), with effect from Wednesday, 21 September, 2016. Afolabi’s appointment according to a statement by the company is in pursuant to Resolutions of the...

Nigerian banks are finding it difficult to raise capital as shrinking economy cuts revenue and deters investors, the industry’s regulator said. According Bloomberg story monitored by Business247 News Online, “It’s been tough,” Umaru Ibrahim, managing director of the Nigerian Deposit Insurance Corporation (NDIC), said in an interview in Abeokuta on...

Former Lagos State Governor and All Progressives Congress (APC) National Leader, Asiwaju Bola Tinubu, has said that the economic recession the country is going through at present requires the sacrifice of all Nigerians to see the country through. In a short remark on Wednesday night in Lagos at the Chartered...

The Chairman of the United Bank for Africa (UBA) and Founder of The Tony Elumelu Foundation, Tony Elumelu, has called on all arms of governments across Africa to unite to implement policies that will help the continent overcome its current economic challenges. He made the call while speaking at the...

As this year’s Lagos Chamber of Commerce and Industry (LCCI) international trade fair holds from November  4th  to 13th 2016, the edition which will marks the 30th anniversary since the LCCI took over the organisation of the fair from the Federal Government, more than 500,000 visitors from all over the...