Home BUSINESS AND ECONOMY

BUSINESS AND ECONOMY

107 PPP projects get ICRC compliance certificates

The Infrastructure Concession Regulatory Commission has granted compliance certificates to 107 Public-Private Partnership projects in the country since the inception of the commission in 2008. The Director-General, ICRC, Chidi Izuwah, said this on Friday in Abuja during a press briefing on the forthcoming conference on strengthening women’s involvement in the PPP projects. Giving a breakdown […]

We did not divert finances to other businesses, natural disaster reason for non settlement of returns on investment – Galaxy transport

By Raphael Jov The management of Galaxy Transportation and Constructions Services Limited, has said failure to settle returns of investment for five months was attributed to natural disasters arising from flood and mining site in Jere and earth tremors in Abuja, which led to the suspension of quarry activities by the federal government. In a […]

CBN imposes extra charges on cash deposits, withdrawals

Withdrawals and deposits of physical cash in Nigeria will now attract processing fees payable by individuals or corporate owners of bank accounts involved. Nigeria’s central bank said the measure was put in place to encourage its cashless policy and will take effect on September 18 in Lagos, Kano, Rivers, Ogun, Anambra, Abia and Nigeria’s capital […]

Chat commerce key to growing Nigerian businesses –Van Rensburg

Nigerian businesses can be successful and better managed, if there is a cost-effective way of handling transactions, reducing purchasing risk by increasing social interaction and personalisation of shopping experience through chat commerce. This was the view of the chief commercial officer, Clickatell, Hannes Van Rensburg, who spoke to newsmen in Lagos, recently. Describing Nigeria as a […]

Unregistered SIM cards drop to 2.4 million

The Federal Government on Monday announced that the number of unregistered SIM cards in the country had dropped from 9.2 million to 2.4 million, just four days after it ordered the blocking of the defaulting mobile telephone lines. Minister of Communications, Dr Isah Ibrahim, gave the update on the status of the unregistered SIM cards […]