OTHER BUSINESSES

Governor Seriake Dickson on Monday said the Memorandum of Understanding (MoU) signed between the Bayelsa State Government and the Bank of Industry (BOI) was a part of efforts to raise the N10 billion entrepreneurship development fund to create wealth for small and medium scale entrepreneurs in the state. Dickson, who...

By Abdul Olalekan The 16 million motorists on Nigerian roads are in for a tough time as plans are ongoing to increase the Third Party Motor Insurance policy from the current N5,000 premium to N20,000, Business 247 News Online exclusively learnt. This is coming at a time Nigerians are still...

Dangote Rice, a subsidiary of Dangote Group is set to launch in Sokoto, Sokoto state it’s multi-million naira 25, 000 hectares of Rice Outgrower Scheme with a prospect of hundreds of thousands of employment opportunities for the rural communities inhabitants. President of the Group, Aliko Dangote disclosed at the weekend...

By Abdul Olalekan No fewer than 120 employees who experienced sudden loss of job in the year 2016 have been paid insurance claims under the Loss of Employment Income Scheme (LoEIS) of Anchor Insurance Ltd. A statement from the company and made available to Business 247 News Online, at the...

The Federal Government on Thursday announced that its $1 billion Global Medium Term Note programme was eight times oversubscribed with orders in excess of US$7.8 billion compared to a pre-issuance target of US$ 1.0 billion demonstrating strong market appetite for Nigeria. According to a press statement signed by Salisu Na’inna...

Volume of trade between Nigeria and the United Kingdom could exceed £20 billion by 2020, President of the Nigerian-British Chamber of Commerce (NBCC), Adedapo Adelegan, has said at the 40th anniversary press conference organised by the chamber in Lagos. He said: “Despite recession, I see the trade surpassing £20 billion,...

A giant list of leading U.S. technology companies signed on to a legal filing objecting to President Trump's ban on entry into the U.S. for citizens of seven Muslim-majority countries. A roster of leading U.S. technology companies, including Microsoft, Apple, Google and Facebook have threw their weight behind Washington state’s...

As Nigerians and businesses grope in darkness, Honorary Adviser to the President of Dangote Group, Eng. Joe Makoju has advocated adequate funding and restructuring of the Power sector so as to achieve relative stability in electricity generation and distribution He said the power sector is currently bankrupt to the point...

Wole Tokede with agency report Nigeria’s progress in curbing militant attacks hasn’t much boosted its oil output. While that’s bad news for a country mired in its worst economic recession in 25 years, it’s making life easier for fellow Organization of Petroleum Exporting Countries (OPEC) members. Nigeria was pumping about...

By Abdul Olalekan Commissioner for Insurance, Alhaji Mohammed Kari, has said that insurance enforcement would become easier if individuals and entities meant to consume insurance products and services were made to be aware of the benefits inherent in the consumption of these products. Kari, while speaking at the Insurance Industry...