Wednesday 19th June 2019,
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Browsing the "Business" Category

CBN To Blacklist Importers Of Palm Oil

Buhari Orders CBN To Blacklist Importers Of Palm Oil, 42 Other Items

CBN To Blacklist Importers Of Palm Oil President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist from the banking system any firm, its owner and top management caught smuggling or dumping any of the 43 items that [...]

June 16, 2019 Business
Nigeria To Save N20bn Annually In Local Shoe Production

Nigeria To Save N20bn Annually In Local Shoe Production

The Director General, DRDB, Air Vice Marshal Jomo Osahor said the Memorandum of Understanding (MoU) between the Nigerian Institute of Leather and Science Technology (NILEST), Kaduna State, and Defence Research and Development Bureau (DRDB) on research and development of footwear [...]

June 9, 2019 Business
Donkey Skin In Lagos

Customs Seizes N15billion Worth Of Donkey Skin In Lagos

Customs operatives attached to the Federal Operations Unit in Lagos have seized two containers of donkey skin known locally as ponmo (hides), valued at N15 billion. Controller of the unit, Aliyu Mohammed, told journalists at a media briefing today that [...]

May 23, 2019 Business
"For Sale" Sign On Moving Vehicles Illegal

“For Sale” Sign On Moving Vehicles Illegal – FCT VIO

Federal Capital Territory Directorate of Road Traffic Services (VIO) says pasting “For Sale” sign sticker on moving vehicles as a way of marketing was illegal and a violation of the law. Mr Kalu Emetu, the directorate’s Public Relations Officer made [...]

May 21, 2019 Business
World Heaviest Regenerator

Installation Of World Heaviest Regenerator, RFCC Unit At The Dangote Refinery

World Heaviest Regenerator: The Dangote oil refinery is an ongoing Refinery project owned by the Dangote Group, located at Ibeju lekki area of Lagos state.When complete, it will have a capacity to process about 650,000 barrels per day of crude [...]

May 3, 2019 Business
Traders Count Losses As Fire Destroys Goods Worth N50m

Onitsha:Traders Count Losses As Fire Destroys Goods Worth N50m

Tears, agony at Onitsha Main May 2, 2019 9:02 AMTraders count losses as fire destroys goods worth N50mTears, agony at Onitsha Main MarketJeff Amechi Agbodo, Onitsha  Traders at Johnson Street, near Main Market Onitsha, Anambra State have been counting [...]

May 3, 2019 Business

Dangote Donates New Hostels To Ahmadu Bello University In Kaduna State [photos]

Nigeria billionaire businessman, popularly known as Dangote and his Foundation has made an impact on the educational sector in Nigeria by donating 10 blocks of hostels to Ahmadu Bello University in Zaria, Kaduna State.  According to the report, it has [...]

April 29, 2019 Business
Nigerian business pays 48 taxes

The Average Nigerian Business Pays 48 Taxes – Tony Elumelu

Tony Elumelu, Chairman and founder of Heirs Holdings has revealed that the average Nigerian business pays 48 taxes.  The UBA Chairman who decried the plight of the average Nigerian entrepreneur, saying that an average business was a local government authority [...]

April 26, 2019 Business
Simon Lalong of Plateau State, yesterday, said he was desirous to rebuild burnt Jos market to generate enough revenue to pay the new N30,000 minimum wage.

I want to rebuild Jos market to generate money for new wage — Lalong

GOVERNOR Simon Lalong of Plateau State, yesterday, said he was desirous to rebuild burnt Jos market to generate enough revenue to pay the new N30,000 minimum wage. Lalong also said the report that his administration budgeted N1.1 billion to demolish [...]

April 20, 2019 Business
Dangote Salt Rewards Truck Drivers For Accident-free 2018

Dangote Salt Rewards Truck Drivers For Accident-free 2018

NASCON Allied Industries, a subsidiary of Dangote Group, said it would continue to honour its workers just as it rewarded its truck drivers for meeting product delivery target and driving accident-free in 2018. The Executive Director, Commercial, Hajiya Fatima Aliko [...]

April 17, 2019 Business
Bugatti Veyron

The Time It Would Take Dangote To Pay Off His ₦792m Bugatti Veyron

Bugatti Veyron: Nigerian business magnate and investor, Aliko Dangote , is 62 years old today. As of March 2019, the richest man in Africa and 100th in the world, had an estimated net worth of US$10.6 billion. He has retained [...]

April 13, 2019 Business

Aliko Dangote Celebrates His 62nd Birthday Today

Aliko Dangote GCON (born 10 April 1957) is a Nigerian business magnate, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries. As of March 2019, he had an estimated net worth [...]

April 10, 2019 Business
Dangote Refinery

Dangote Refinery Will Transform Nigeria’s Economy

Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has said his refinery, one of the world largest, when completed, will transform Nigeria’s economy. He stated this at the weekend at Dangote Group Special Day at the 40th [...]

April 8, 2019 Business
Google Adsense

How To Get Your Google Adsense Approved – Webmasters

Google Adsense is a simple advertisement program which enables web developers, bloggers or advertisers display ads on their web pages. A lot of users have issues getting their Google adsense approved because the process is somewhat tricky. This is an [...]

April 7, 2019 Business
Aliko Dangote

Aliko Dangote: I Withdrew $10m Just To Look At It

Aliko Dangote, Africa's richest man who spoke at Mo Ibrahim governance weekend ongoing in Abidjan, disclosed that he once withdrew $10m just to look at it.The Billionaire who disclosed that he knew he was rich on paper but had to [...]

April 7, 2019 Business
nigeria's small businesses

Nigeria’s small businesses suffer N48 trillion funding gap

The numerous intervention schemes notwithstanding, the Central Bank of Nigeria (CBN) has put the existing financing gap in the small business segment of the economy at $158 billion (N48 trillion).According to the apex bank, the quest for inclusive economic growth [...]

February 12, 2019 Business

Nigeria’s maritime sector now attractive to investors, says FG

Secretary to the Government of the Federation (SGF), Boss Mustapha, has disclosed that the Federal Government has repositioned the Nigerian maritime industry for the country’s economic growth. He said such development had also made the sector attractive to local and [...]

January 14, 2019 Business

Buhari not our owner –Keystone Bank

Keystone Bank Limited has denied allegations that President Muhammadu Buhari has a stake in the bank. The bank, on Tuesday, stated, “The fact of the ownership of Keystone Bank by the Asset Management Corporation of Nigeria was never in doubt. [...]

January 9, 2019 Business

Woman sells own pants, makes N28m a year

A woman has revealed she earns around £60,000 (about N28m) a year selling her worn pants and uses the money to look after stray cats, who visit her home. Raven Nix, 33, from Bristol, sells her worn undies for £20 [...]

December 22, 2018 Business

APC to query Amosun, Okorocha for anti-party activities

The All Progressives Congress has resolved to query the Ogun State Governor, Ibikunle Amosun; and his Imo State counterpart, Rochas Okorocha, for alleged anti-party activities. Our correspondent learnt that the decision was part of resolutions reached at the National Working [...]

December 20, 2018 Business

Qatar Airways confirms talks with Nigerian government on national carrier

Government’s plan for a national carrier, decades after the demise of the Nigerian Airways, will be a pipe dream unless it is ready to invest massively in airport infrastructure. Board chairman of the International Air Transport Association (IATA) and chief [...]

December 18, 2018 Business

Nigeria’s first gold refinery to be completed June 2019

Nigeria’s first gold refinery to be completed June 2019 A Nigerian firm, Kian Smith Trade & Co Limited, on Thursday, broke ground on the nation’s first gold refinery, saying the project would be completed by the end of the first [...]

December 14, 2018 Business

Amosun presents N402.6b budget to Ogun assembly

Governor Ibikunle Amosun of Ogun State yesterday presented the 2019 budget estimate of N402.63 billion to the House of Assembly. This represents 17 per cent increase of last year’s estimate, which was N345.4 billion. Education got the lion’s share of [...]

November 22, 2018 Business

Nigerians decry digital services of banks

Nigerians decry digital services of banks: A Five-month survey on banks in Nigeria has revealed customers’ dissatisfaction with some of the digital services rendered by them.Conducted by Agusto&Co and unveiled to journalists in Lagos yesterday, the study indicated that platforms [...]

October 4, 2018 Business

Polaris Bank takes over Skye Bank with N786b fresh capital

From Monday, September 24, all branches of Skye Bank Plc would wear a new identity, known as Polaris Bank Limited, as the latest take over of distressed financial institution in the country. The development, which has been under the direct [...]

September 22, 2018 Business

Dangote is most valuable brand in 50 top brands

Dangote, a wholly Nigerian brand, has been voted the overall valuable brand in the 2018 Top 50 Brands. It replaces MTN Nigeria at the top with 87.4 points against 80.8 point for MTN. Dangote had, in previous editions, held the [...]

September 18, 2018 Business

Abuja drug sellers, street vendors cashing in on codeine ban

Ladi Kwali Street off Constantine street in Zone 4 of Wuse District is one of the most popular areas in the Nigerian capital, Abuja. Aside being the location of the popular Sheraton Hotel, the area is synonymous with one thing: [...]

August 25, 2018 Business

‘Small Dubai’: Kebbi market where you shop at your own risk

The Kalgo Thursday Market is one of the major markets in Kebbi State. The market is popularly known as Small Dubai because of its variety of goods; particularly electronic and telephone products. For this reason and because of the rare [...]

July 22, 2018 Business

Investors lose further by 0.6% as political uncertainties rise

Economic uncertainties and slowdown of market activities have continued to weaken investors’ appetite for equities on the floor of the Nigerian Stock Exchange (NSE) as the All-Share Index and market capitalisation depreciated further by 0.6%. Specifically, at the close of [...]

July 16, 2018 Business

Lagos cooperatives investment hits N152 billion

Ahead of the 2018 United Nations International Day of Cooperatives, the Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs. Olayinka Oladunjoye, has disclosed that Cooperatives investment has risen to N152billion Addressing journalists in Lagos yesterday, she said the importance [...]

July 3, 2018 Business