Port Loses N84bn in Two Weeks Due to System Failure
Failure of the server of the Standards Organisation of Nigeria to link importers to the Customs server for the clearance of goods has reportedly cost the port industry N84bn in…
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Banks Comply with CBN’s Directives on Reduction in Charges
There are indications that some banks may have started complying with the recent downward review of charges ordered by the Central Bank of Nigeria, if their claims are anything to…
Continue readingNigeria-Turkish Business Council Appoints Hon. Dele Kelvin Oye President
A renowned businessman and lawyer, Hon. Dele Kelvin Oye, has been appointed the President of Nigeria-Turkish Business Council by the National Association of Chambers of Commerce and Industry in Nigeria…
Continue readingNDPHC Partners Lagos State to Improve Power Supply
Niger Delta Power Holding Company (NDPHC) Limited is currently collaborating with the Lagos State government to improve power supply in the state. NDPHC is working towards ensuring that about 300…
Continue readingFIRS Begins Implementation of 7.5% VAT today
The Federal Government would from today begin the implementation of the 7.5 per cent Value Added Tax. The Federal Government had said it would from today begin the implementation of…
Continue readingSenate Probes Poor State of Refineries in Nigeria
The poor state of refineries in Nigeria has come under probe by the Senate Committees on Petroleum Resources. Despite $25 billion dollars spent in the last 25 years, the nation’s…
Continue readingFederal Government Expects $150bn from Zero-oil Plan
The Federal Government of Nigeria expects additional $150bn to the foreign reserves through the implementation of the Zero-oil Plan. The Executive Director/Chief Executive, Nigeria Export Promotion Council, Mr. Olusegun Awolowo,…
Continue readingNNPC Swapped N3.04tn Worth of Crude Oil for Refined Products
Latest figures from Nigerian National Petroleum Corporation (NNPC) showed that a total of 150.4 million barrels of crude oil valued at N3.04tn was swapped for refined petroleum products by the…
Continue readingUnion Bank of Nigeria Plc Enters an Agreement to Sell UK Subsidiary
Union Bank of Nigeria Plc, a first-generation bank in Nigeria has entered a Share Sale and Purchase agreement to sell its United Kingdom subsidiary – Union Bank UK Plc. Following…
Continue readingMTN Plans to Strengthen Its Operation in Nigeria with $1.6bn
MTN Group declared that a whooping sum of $1.6bn will be invested to strengthen its operations and network in Nigeria. The Group Chairman, Mr. Mcebisi Jonas made this declaration at…
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