Business

The Minister of Power, Works and Housing, Mr Babatunde Fashola has called on well-meaning individuals and corporate organisations to invest in road infrastructure. Fashola told newsmen on Wednesday in Abuja that the idea was to attract the private sector to road maintenance and in turn the Federal Government would give them tax relief. According to him, the initiative will be …

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There has been panic since Wednesday morning as customers of Guaranty Trust Bank (GTB) around the Lagos metropolis have been experiencing difficulties in transaction. One of the bank’s customers around Abule Egba area of Lagos told National Wire this afternoon that customers have besieged the bank due to some rumour making the rounds that the bank is having problems with …

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Photo Caption: From Left: Moussa Davou, Director of Information Systems, BRVM Regional Securities Exchange; Dr. Afolabi Olowookere, Securities and Exchange Commission (SEC) Nigeria; Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Ekow Afedzie, Deputy Managing Director, Ghana Stock Exchange and Ade Bajomo, Executive Director, Market Operations and Technology, NSE at The Nigerian Stock Exchange Market Data Workshop 2017 …

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An estimated three billion Yahoo accounts were compromised during a data breach in 2013, the company said on Wednesday. The figure tripled the number revealed by the company in 2016. The revised figure was issued after Yahoo admitted in December that over 1 billion users’ data, including names, email addresses, phone numbers and dates of birth had been impacted by …

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Heritage Bank Plc is fast stimulating economic diversification through support for the Nigerian creative industry towards sustainable, persistent growth as alternative to crude oil. The MD/CEO of the bank, Ifie Sekibo yesterday stated this at the Exhibition Gallery of National Museum Benin by the National Commission for Museums and Monuments (NCMM) in collaboration with the Edo State Government, and the …

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First Bank of Nigeria Limited has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country.   A statement issued by the Bank on Tuesday explained that “This makes FirstBank the second bank in Africa to achieve this feat”.   The statement added: “The groundbreaking accomplishment is reminiscent of a …

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The Federal High Court sitting in Lagos today delivered judgment in favour of Nigeria LNG Limited (NLNG) in a case between the Company and the Nigerian Maritime Administration and Safety Agency (NIMASA) over applicability of NIMASA levies. NIMASA had alleged that NLNG was liable to pay  three percent gross freight  on its international inbound and outbound cargo, Sea Protection Levy, …

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Pension fund assets under the Contributory Pension Scheme (CPS) has hit N6.6 trillion, the National Pension Commission (PenCom) Acting Director-General, Mrs. Aisha Dahir-Umar, has said. She made this known a paper titled: “Position paper on the Bill for an Act to Amend the Pension Reform Act, 2014 to Exclude Some Government Agencies from the Application of the (CPS) she presented …

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The Federal Government is getting ready for the second concession of the Ajaokuta Steel Company. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, stated this on Tuesday during an interview with State House correspondents after he and the Ondo State Governor, Rotimi Akeredolu, met President Muhammadu Buhari at the Presidential Villa, Abuja. Fayemi said the government had appointed …

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OANDO Plc, on Tuesday, said it is set to expand the country’s gas capacity, through its partnership with Rivers State government on completion and expansion of the 8.5 km natural gas distribution network in Port Harcourt Franchise Area. A statement by the Head, Corporate Communications, Oando Plc, Alero Balogun, said this will be from the Above-Ground Installation (AGI) in Trans-Amadi …

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