archiveDecember 2016

President Muhammadu Buhari will on Wednesday next week present 2017 Budget proposal before a joint session of the Senate and House of Representatives. In a letter read by Senate President Bukola Saraki at plenary session on Tuesday,  Buhari said that the 2017 budget proposal would lead Nigeria out of recession....

By Nkem Ndem Getting sick is normal, however, it can be a huge disappointment when you are travelling to your hometown for Christmas. Not only does it take the fun out of the trip, it disrupts your entire schedule and most times, costs extra cash (when you are plagued with...

  OPEC's oil output set another record high in November ahead of a deal to cut production, a Reuters survey found on Monday, helped by higher Iraqi exports and extra barrels from two nations exempted from cutting supply - Nigeria and Libya. The latest rise in supply means the Organization...

By Abdul Olalekan The devaluation of Naira against the international currencies and its attendant effects have had a toll on insurance industry as the sector paid more claims in the current year than the previous years, Business 247 News Online learnt. This, according to the Chairman, Nigerian Insurers Association (NIA),...

The Federal Government said on Monday that the importation of vehicles into Nigeria through the land borders has been banned. The Public Relations Officer of Customs, Mr.Wale Adeniyi said this in a statement Monday. According to him, “The prohibition order covers all new and used vehicles. Adeniyi further said, “The...

The founder, High Chief Aleogho Dokpesi, the Chairman, Board of Directors, Management and Staff of Daar Communications Plc most sincerely express their heartfelt appreciation and gratitude to: The Institutions of State Regulatory Agencies Corporate Nigeria The Advertising Community The Nigerian Media Our Shareholders The General Public & Stakeholders Our International...

Nigeria will maintain oil output at 1.9 million barrels per day (bpd) with all three of its main fields on line, Nigeria's oil minister Emmanuel Ibe Kachikwu said on the sidelines of India's Petrotech energy conference on Monday. According to Reuters’ report monitored by Business247 News Online, Nigeria in October...

At least 1.2 million Nigerians will be given soft loans which attract between two and three per cent interest rate as part of efforts to create jobs under government’s social investment programme. Mr Laolu Akande, the Senior Special Assistant to the Vice President on Media and Publicity, told the News...

By Abdul Olalekan The Akinwunmi Ambode-led administration in Lagos State has, from August, 2015 to date, paid N21.929 billion as accrued pension rights to 5,027 retirees under the Contributory Pension Scheme (CPS). The state government, through the Lagos State Pension Commission (LASPEC), equally paid N941 million retirement benefits to 228...

By Abdul Olalekan The National Pension Commission (PenCom) has charged justices, judges and other senior judicial officers to seek more enlightenment on the rudiments of the Contributory Pension Scheme (CPS) so that they would be able to give fair judgement on pension matters in the country. The Director-General, PenCom, Mrs....