archiveNovember 8, 2016

Nigeria Customs Service (NCS) Tincan Command has generated N207.8 billion from Tincan Port in Lagos in the last 10 months. A breakdown of its  revenue showed that NCS realised about N24.86 billion in January, N16.86 billion in February; N17.22 billion in March; N14.34 billion in April;  N16.37 billion  in May; ...

The equities market of The Nigerian Stock Exchange in two days trading depreciated by N210 billion attributable to investors profit-taking. The market capitalization of the equities market opened on Monday at N9.28 trillion, down by N210 billion or 2.26 per cent to close on Tuesday at N9.08 trillion. Similarly, The...

The Central Bank of Nigeria (CBN) has reaffirmed 35 International Money Transfer Operators (IMTOs) to remit money to Nigeria on behalf of Nigerians in the Diaspora. The apex bank in a statement issued and signed by, Ag. Director, Corporate Communications Mr. Isaac Okorafor on Tuesday stated that from November 9,...

...rejects LGs as basis for recruitment The attention of Afenifere has been drawn to the simmering crisis between the Senate Committee on Police Affairs and the Police Service Commission (PSC) which led to the suspension of the recruitment of 10,000 personnel into the Police Force in September. According to a...

  ...Thanks Bayelsans, applauds Judiciary Bayelsa State Governor, Henry Seriake Dickson, has described the Supreme Court ruling upholding his victory in the last governorship election in the state as well deserved. According to him, the victory is a further confirmation of his overwhelming triumph at the polls. Reacting to the...

The Federal Government has reached an "outline settlement" worth $5 billion with five oil majors to cover outstanding payments for joint exploration and production, the Financial Times said on Tuesday. The OPEC member's state oil firm NNPC has over years piled up unpaid bills, so-called cash calls, that it was...

Dangote Group said on Tuesday that its investments on new projects on agriculture, sugar, oil refinery and fertilisers would create additional 250,000 employment opportunities for Nigerians when completed. According to News Agency of Nigeria (NAN) report, the projects, sited in some states, including Jigawa, Taraba, Kano and Kogi, according to...

After falling to a new low against the dollar on the official market on Tuesday, Naira rebounded on Wednesday after the Central Bank of Nigeria (CBN) pumped $1.5 million into the market to stabilise the battered currency, traders said. According to Reuters report monitored by Business247 News Online, the currency...

Democrat nominee Hillary Clinton has about a 90 percent chance of defeating Republican Donald Trump in the race for the White House, according to the final  Reuters/Ipsos States of the Nation project. Her chances are roughly similar to last week’s odds, and any upset by Trump on Tuesday depends on...

By Abdul Olalekan Continental Reinsurance Plc said it posted N17.5 billion as gross premium in its 2016 third quarter results. This, it said, represents 16 per cent growth, when compared to N15.1 billion posted in the corresponding fixture in 2015. Reacting to the development, the Group Managing Director/CEO, Dr. Femi...