Home / Business

Business

NNDC, Turkey firm mull $15m investment on KTL

New Nigerian Development Company (NNDC) and Turkey-based, SUR Company, held extensive discussions at the weekend centered on a $15 million partnership to resuscitate the Kaduna Textiles Limited (KTL). The textile company, owned by the 19 Northern states, has been moribund ...

Read More »

Lagos closes N85.14bn bond issuance

Lagos state government yesterday announced the closure of the N85.14 billion Series 2 Bond Issuance, targeted at physical and social infrastructure development. The Commissioner for Finance, Akinyemi Ashade, said in a statement in Lagos that the bond was issued in ...

Read More »

Equity market returns to bearish trend

By Amaka Ifeakandu Lagos Trading activities on the fl oor of Nigerian Stock Exchange (NSE) yesterday returned to bearish trend as profi t taking hit the market. Market Capitalisation of listed equities declined by N14 billion to N13.133 trillion from ...

Read More »

PTML ustoms declares half year report

By Ajibola Abayomi Lagos Comptroller Modupeola Adeyanju Aremu, the Customs Area Controller(CAC), Port and MultiServices Limited Management team of the Nigeria Customs Service (NCS), has declared N40,748,536,281.00 (Forty billion,seven hundred and forty eight million,fi ve hundred and thirty six thousand,two ...

Read More »

JIBWIS Hotel of unmerited controversy

By Ibrahim Muhammed Wa Ikamatil Sunnah (JIBWIS) to build a Guest House in the city of Federal Capital Territory has activated the wrath of critics mainly on social media. Some of the critics described the project as a ‘misplaced priority’ ...

Read More »

CSOs shut BEDC over estimated bills

By Patrick Ahanor Benin City Right groups under the aegis of Edo State Civil Society Organizations (EDOSCO) yesterday protested at the Benin Electricity Distribution Company (BEDC) Headquarters over alleged estimated billings, highhandedness, disrespect for Nigerians amongst others. Th e protesters ...

Read More »

‘Justify estimated bill or lose business’

The Senior Special Assistant (SSA) to Ebonyi state Governor, Dave Umahi on Enugu Electricity Distribution Company ( EEDC) Matters and Renewable Energy, Barrister Ikechukwu Nwodo, in this Interview with EGWUAGHA AMARACHUKU expresses government’s dissatisfaction with the operations of EEDC and ...

Read More »

Kaduna generated N9.6m IGR – KDIRS

Th e Kaduna State Internal Revenue Service (KDIRS) said it generated N9.6 billion Internally Generated Revenue (IGR) between January and June 2017. Muktar Ahmed, the Executive Chairman of KDIRS, told Newsmen in Kaduna that workers constituted the largest contributors followed ...

Read More »

Visa expands global transaction processing

Visa, a global payments technology company has announced expanded transaction processing capabilities in two state-of-theart data centers in Singapore and the United Kingdom. Th e new global processing hubs will increase the speed, resilience and geo-diversity of Visa’s infrastructure while ...

Read More »

Real sector improved further in July – CBN

By Amaka Ifeakandu Lagos Th e July 2017 survey report on purchasing and supply executives from manufacturing and non-manufacturing businesses for the month of July released by Central Bank of Nigeria recently showed sustained expansions in both the manufacturing and ...

Read More »

Conoil revenue increases by 13.7%

Stories by Amaka Ifeakandu Lagos Conoil Plc, Petroleum products marketing giant released half-year result for the period ended June 30, 2017, showing that revenue grew by 13.7 per cent. Th e result also showed that net profi t dropped by ...

Read More »

Amosun urges states to assist NTA branches

Ogun state Governor, Ibikunle Amosun, yesterday appealed to state governments to assist the Nigeria Television Authority (NTA) offi ces operating in their domains to grow and perform. Amosun made the call while hosting the DirectorGeneral of NTA, Yakubu Ibn Mohammed, ...

Read More »

Yobe approves N3.3bn for capital projects

By Musa M. Buba Damaturu In order to continue with its laudable programmes, especially the massive construction of roads, the Yobe state Executive Council at its meeting presided over by the Deputy Governor, Engr. Abubakar D. Aliyu, has approved more ...

Read More »

AEDC meandering through myriad of challenges

By Ahmed I. Shekarau Th e Nigerian Electricity Supply Industry (NESI) was confronted with various challenges when Engr. Ernest Raphael Mupwaya assumed offi ce as Managing Director/CEO of Abuja Electricity Distribution Company (AEDC) on August 1, 2016. Th e member ...

Read More »

Trustfund pensions profi t hits N1. 457

Th e profi t of Trustfund Pensions Limited before tax grew to N1.457 in 2016 as opposed to N1.3billion in 2015. Chairman of Trustfund, Ismail Agaka, while speaking during the Annual General Meeting (AGM) of the Pension Fund Administrator (PFA) ...

Read More »