OTHER BUSINESSES

Investments into the Lekki Free Trade Zone (LFTZ) an emerging business hub in the Lagos axis of the State has risen to over N100billion in the last 10 years. Chairman of Lekki Free Zone Development Company, Mr. Abiodun Dabiri, who disclosed this at the weekend while giving progress report on...

To make verification of Customs duty papers easy for the people, the Comptroller-General of the Nigeria Customs Service (NCS), Col. Hameed Ibrahim Ali (Rtd) has released three telephone numbers that could be used to reach the help desk for immediate confirmation of the authenticity of the paper. The numbers are:...

A total of 11, 363 road accidents were in Nigeria in 2016, the National Bureau of Statistics (NBS) has said. The bureau disclosed this in its 2016 Road Transport Data released on Thursday in Abuja. The report said that speed violation was reported as the major cause of the accidents...

In line with its giant strides in investing across the agriculture value chain in the country, Sterling Bank Plc, has entered into a partnership with the Nigerian Export Promotion Council (NEPC) to drive the export of agricultural products in the country. The move is also part of the bank’s support...

The Nigerian National Petroleum Corporation (NNPC) has in stock, a robust inland supply of over 1.2 billion litres of petrol sufficient for more than 34 days forward consumption even as it revealed new measures have been put in place for better products supply. According to press statement by the Group...

Nigerian banks have opposed a proposal by Etisalat Nigeria to convert part of a $1.2 billion loan from dollars into naira and want Abu Dhabi telecoms group Etisalat and its other shareholders to recapitalise it instead, a source said. A banker with knowledge of the negotiations told Reuters that the...

Ahmad Ahmad of Madagascar has been elected the president of the Confederation of African Football(CAF) in Addis Ababa on Thursday. Ahmad defeated Issa Hayatou who had been the president for an era spanning 29 years and a senior administrator at Fifa, Hayatou, a former teacher and sports minister from Cameroon...

• Approves 48 out 54 accounts The National Insurance Commission (NAICOM) has approved the 2015 financial accounts of 48 out of the 54 insurance companies in the country even as the regulator of the industry queried the accounts of Great Nigeria Insurance (GNI), Nicon Insurance, and Universal Insurance Company, just...

The Accident Investigation Bureau (AIB) has said that the pilot of the Dana plane crash that killed 153 passengers and crew in a Lagos suburb of Iju-Ishaga about five years ago, an American, Captain Peter Waxton, was responsible for the crash. The final report released on Monday of the accident...

Statistics by the Debt Management Office (DMO) has shown that serving Nigeria’s domestic debt gulped N1.23tn in 2016. This is against N1.02 trillion the Federal Government spent in 2015 on servicing its domestic debts. This comprised N25 billion spent on the repayment of the principal and N993.13 billion spent on...