OTHER BUSINESSES

  By Nkem Ndem The Igbos, one of the main ethnic groups in Nigeria, are known for a rich culture and remarkable history. While modernization has ensured the erosion of certain aspects of their culture, much of its history has been preserved, including relics from the past which reveal its...

The Nigerian Communications Commission (NCC) said on Monday that it would sanction 13 telecommunications operators for failing to comply with the  ‘2442 Do Not Disturb DND’ directive on unsolicited telemarketing. The 13 operators are Airtel Network Ltd.; MTN Nigeria; Globacom Nigeria; Smile Communication; Visafone Communication; Ntel; Etisalat; Multi-Links; Starcomms; Danjay...

The Nigerian Ports Authority (NPA) and BudgiT Information Technology Network have signed a Memorandum of Understanding ( MoU) to open up its budget for the public and provide Nigerians with all the necessary information during its implementation. The authority’s General Manager, Public Affairs, Chief Michael Ajayi, in a statement noted...

The National Bureau of Statistics (NBS).has revealed that capital importation into Nigeria’s oil and gas sector has declined from the $200 million (N90 billion) of the second quarter of 2016 to $172 million (N78 billion) in third quarter of 2016. The decline has been attributed to uncertainty in the country’s...

Lagos Ports Complex (LPC), Comptroller Musa Jibrin, has commenced operations at the Lagos Deep Offshore Logistics base (LADOL), saying the indigenous Oil and Gas services’ facility is in tune with global best practices in the specialised energy sector. The commendation was made in Lagos during an official tour of the...

By Abdul Olalekan The recent circular issued by the National Pension Commission (PenCom) mandating life insurance companies to transfer about N145.05 billion Annuity Fund in their possession to Pension Fund Custodians (PFCs) is generating controversy between insurance and pension sectors, Business 247 News Online, has learnt. Investigation shows that the...

By Abdul Olalekan The President, Nigerian Council of Registered Insurance Brokers(NCRIB), Mr. Kayode Okunoren, said the implementation of the Corporate Governance Code of the Financial Reporting Council of Nigeria (FRC) in the insurance brokerage industry will create a big vacuum as well as threaten the continual existence of insurance broking...

Sterling Bank Plc has continued to receive commendations from communities where it activated the financial inclusion drive and promoted financial literacy during the just-ended World Savings Day (WSD). The 2016 WSD was held last week worldwide and Sterling Bank, a pioneer in financial literacy and inclusion, having launched the Agency...

The European Union Foreign Direct Investment (FDI) in the Nigerian economy recorded €30 billion in 2015 despite the exit of foreign investment. Head of EU Delegation in Nigeria, Ambassador Michael Arrion, at the EU-Nigeria Business Forum in Lagos on Thursday, said that the European Union and Nigeria had, over the...

Nigeria Customs Service (NCS) Tincan Command has generated N207.8 billion from Tincan Port in Lagos in the last 10 months. A breakdown of its  revenue showed that NCS realised about N24.86 billion in January, N16.86 billion in February; N17.22 billion in March; N14.34 billion in April;  N16.37 billion  in May; ...