OTHER BUSINESSES

By Olukayode Kolawole Hotel grading and classification are both determining the standard of hotel offering that is available at a destination of choice and the ability to purchase hotel accommodation that meets that expectation on time. It is a vital requirement for both the business and the leisure tourists. The...

By Olukayode Kolawole I was a privileged to attend the 12th edition of the African Travel & Tourism Conference (Akwaaba): a gathering of travel and tourism experts in Africa – both from private establishments and various government parastatals. The event held at the Eko Hotel & Suites, Lagos on Sunday...

The Nigerian Communications Commission on Friday said that the Value Added Service segment of the telecommunications industry would reach $500 million in the next five years. The Executive Vice Chairman of NCC, Prof. Umar Danbatta, made this known in Lagos during the two-day Nigeria Innovation Summit 2016. Danbatta, represented by...

The National Pension Commission (PenCom) will soon unveil its Micro Pension project, an initiative that provides pension coverage to self-employed Nigerians. Head, Micro Pensions Department of PenCom, Mr. Polycarp Anyanwu said this at a two-day seminar for journalists in Calabar, Cross River State. According to Anyanwu, the initiative covers three...

As part of efforts to increasing power supply in the country and further tapping into the gas to power value chain, the Federal Government has signed a number of agreements that will add more than 500wm of electric power to the national grid. The agreements were signed by the Federal...

By Niyi Olaoye The recent report by the National Bureau of statistics (NBS) on selected banking sector statistics between first quarter of 2015 to second quarter of 2016 has revealed that the outstanding domestic loans/ leases issued out by the 976 Nigerian Mircorfiance banks stood at N249,930,279,000.00. The report which...

The Nigerian National Petroleum Corporation says pipeline vandalism across the country has reduced by 28 per cent. According to news Agency of Nigeria (NAN) report, the corporation made this known in its 13th publication of Monthly Financial and Operations Report released on its website on Thursday. The report said that...

Standard Bank Group, to which Stanbic IBTC belongs, has clinched two awards at the Global Private Banking Awards for 2016 by Professional Wealth Management (PWM) and The Banker Magazine. The bank was named the ‘Best Private Bank (Wealth and Investment) in Nigeria’ and the ‘Best Private Bank in Kenya,’ an...

  By ABDUL OLALEKAN As companies in public and private sectors continue to downsize, with some closing shops due to economic recession in the country, about 28,120 workers, who had lost their jobs, have applied to get 25 per cent of their pension contributions in the current year, Business 247...

The Petroleum Industry Bill (PIB), seeking unbundling of the Nigerian National Petroleum Corporation (NNPC) into two entities, which was introduced in 2008,  was  passed for second reading at the Senate on Wednesday. The bill which was sponsored by Senator Tayo Alasoadura (APC-Ondo) seeks splitting of the NNPC into Nigerian Petroleum...