THE Ogun Area Command of the Nigeria Customs Service, NCS, has said it successfully got one Mr Victor Hassan, popularly known as Victor Owode, detained in prison custody over an alleged case of smuggling. It also said it has secured the conviction of three suspected hoodlums accused of destroying three operational vehicles belonging to the […]
BUSINESS AND ECONOMY
Swiss Govt lauds Edo Govt on reforms, investment opportunities
The Switzerland Ambassador to Nigeria, Mr. Georg Steiner, has said that with the business reforms initiated by Edo State Governor, Mr. Godwin Obaseki, the state is placed at an advantage to attract Switzerland business community in Nigeria. He disclosed this during a meeting with officials of the Edo State Government at Government House in Benin […]
Why we stopped Forex for food import — Buhari
President Muhammadu Buhari has said the directive to the Central Bank of Nigeria, CBN, to stop providing foreign exchange for food importation was to improve agricultural production and attain full food security. The president also said he would use his second term in office to improve the lives of Nigerians by paying close attention to the […]
Power crisis: We are operating at N3trn shortfall, DisCos lament
Power Distribution Companies in Nigeria (DISCOS), at the weekend, lamented they incured a huge operational shortfall of about N3 trillion, a development that makes it difficult for them to meet their obligation. Speaking to Daily Sun in Abuja, the Executive Director, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, said that the liquidity crisis was not […]
Oil inches above $60 as U.S. delays tariffs on Chinese goods
Oil prices continued to rally yesterday, following reports that the United States has decided to delay the next round of tariffs that were to be imposed on Chinese goods. The delay gives hope to a skittish market that the trade war really won’t go on forever.For WTI, oil prices had climbed 4.13% to trade at […]
Galaxy CEO initiates moves to settles 393 clients
By Raphael Jov …Says payment will be done in batches The Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Babagana Dalori, has commenced payment process of about 393 clients owed by the company. In a statement signed by the company’s media consultant, Abdulhamid Ibrahim, Dalori however stated that the payment will be done […]
CBN, FITC, experts explain roles of Fintech emerging economy
Chief Executive Officer/Executive Secretary, E-Payment Providers Association of Nigeria (E-PPAN), Mrs. Onajite Regha (left); Managing Director/Chief Executive Officer, Financial Institutions Training Centre (FITC), Dr. Lucy Surhyel Newman; Acting Director-General, Securities and Exchange Commission (SEC), Mary Uduk Joseph; Deputy Governor, Financial System Stability,Central Bank of Nigeria (CBN) and Chairman, FITC Board, Mrs. Aishah Ahmad; and Director, […]
Diversify your income stream with fluted pumpkin farming
Healthy lifestyle is synonymous with healthy foods and healthy foods cannot be separated from vegetables-fortified diets. This accounts for why vegetable farming will always be in vogue, not just to meet consumption needs but also as a wealth creating business. Vegetable farming is one of the simplest forms of farming that does not require huge […]
Nigeria calls for robust pan African quality policy
By Raphael Jov Nigeria has called for a robust and effective Pan African Quality Policy to drive the attainment of Africa’s development goals which are closely aligned with the sustainable development goals (SDGs) of the United Nations. This call was made by the Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Mr. Edet Sunday […]
FAAC: FG, States and 174 LG council shares N762.597b in the month of June
By Victor Akaa, Abuja The Federation Accounts Allocation Committee (FAAC) has shared a total of N762.597 billion to the three tiers of government for the month of June 2019. The N762.597 billion comprises of revenue from Value Added Tax (VAT), Exchange Gain and Gross Statutory Revenue. The Committee announced that as at 24th July, 2019, […]