OTHER BUSINESSES

The National Union of Petroleum and Natural Gas Workers (NUPENG) has threatened to begin a strike in the Federal Capital Territory (FCT) over a dispute with Assets Management Company of Nigeria (AMCON). At the end of National Executive Council meeting, Mr Igwe Achese, NUPENG President, said the strike was inevitable...

The President of the African Development Bank (AFDB), Dr. Akinwumi Adesina, says the bank will invest $24 billion in agriculture in Africa over the next 10 years. Adesina made the disclosure at the 50th-anniversary celebration of the International Institute of Tropical Agriculture (IITA) in Ibadan on Monday. The AFDB president...

The Nigerian National Petroleum Corporation (NNPC) has reacted to the alleged unremitted $793.2 million held secretly by seven commercial banks in the country. NNPC in a statement on Friday by its spokesperson, Mr Ndu Ughamadu, said that contrary to media reports, the state-owned oil company did not collude with the...

His Royal Majesty, Oba Saliu Akanmu Olasupo Adetunji, the Olubadan of Ibadanland has pronounced his Royal blessings on Goldberg, a brand from the stables of Nigerian Breweries Plc for being a preserver of the Yoruba culture and tradition in the Southwest region. The monarch made this proclamation when the team...

The Central Bank of Nigeria (CBN) has extended guarantees to Skye Bank for another year while it considers the bank’s recapitalisation proposal. The bank made this know in a statement on Tuesday. It would be recalled that in 2016, the CBN shored up Skye Bank with a N100 billion ($328...

Fidelity Bank Plc, one of Nigeria’s foremost financial institutions, has announced resumption of international transactions on debit cards and raised the monthly international spend limit on its Naira Visa Credit and Debit Cards to $1,000. The move is in response to customer needs and the improved foreign exchange liquidity in...

General Secretary, National Union of Textile, Garment and Tailoring Workers of Nigeria, Mr Isa Aremu said the Nigeria economy cannot recover with workers poorly paid. The labour leader on Monday appealed to the Federal Government to constitute a national minimum wage review committee without delay to alleviate workers’ suffering. ”There...

Under the Agricultural Credit Guarantee Scheme (ACGS), commercial banks in the country guaranteed N424.6 million to 4,029 farmers in May 2017, the Central Bank of Nigeria (CBN) has disclosed in its late report. The report said amount represents a decline of 9.6 and 24.4 per cent below the levels in...

...2.3million already applied Acting President, Yemi Osinbajo has extended registration for 2017 N-Power application by two weeks even as about 2.3million individuals had already applied for engagement under the scheme. The application portal will now close on Thursday, July 27, 2017. Osinbajo announced this on Friday when he visited the...

The nation’s telecoms regulator Nigerian Communications Commission (NCC) will begin to check the financial health of other operators after Etisalat Nigeria defaulted on its $1.2 billion loan, an official of the Commission has said. “We need to check the books to detect failings on time,” he told Reuters by phone,...