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Abuja airport to experience power cuts Friday –FAAN

The Federal Airport Authority of Nigeria on Wednesday said the Nnamdi Azikiwe International Airport, Abuja, would experience power interruption between Friday and Saturday. FAAN’s Head of Communication...

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NEMA predicts above normal floods in Northwest, Southwest

Individuals living in north western and south western states should prepare for above normal floods this raining season, the National Emergency Management Agency has said. NEMA on Wednesday urged...

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Ajaokuta power plant to begin operation soon – FG

Efforts are on to put into operation the thermal power plant and the light section mill of the Ajaokuta Steel Company Limited, the Minister of Mines and Steel Development, Mr. Musa Sada, has said. Sada...

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Subscribers seek three-month extension of SIM registration

Due to the various problems affecting the registration of Subscriber Identity Module cards in the country that will end in two days, the National Association of Telecoms Subscribers has called for a...

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Nigeria, still top investment destination in Africa —UNCTAD

For the second time in two years, Nigeria has retained its position as Africa’s number one destination for Foreign Direct Investment, according to the global FDI report released by the United Nations...

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AFC, NSIA to develop infrastructure in Nigeria

The Africa Finance Corporation has signed a Memorandum of Understanding with the Nigeria Sovereign Investment Authority for strategic collaboration in infrastructure investment. Through this...

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AfDB approves $80m loan for agribusiness

African Development Bank has approved $80m loan in local currencies for OLAM Africa Investment Programme to deepen its agricultural value chain in Africa through investments in wheat and palm oil...

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Shareholders okay Unity Bank’s N40bn recapitalisation

Shareholders of Unity Bank Plc on Wednesday approved the proposal of the bank to raise its share capital from N30bn to N40bn. The approval, which was unanimously given at the bank’s 7th Annual General...

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Ondo commissioner wants prompt remittance of taxes

Ondo State Commissioner for Finance, Chief Yele Ogundipe, on Wednesday urged accountants in the state to be alive to their responsibilities by ensuring prompt remittance of deducted taxes. A statement...

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CBN grants Renaissance Credit state licence

The Central Bank of Nigeria has granted a state licence to Renaissance Credit Nigeria, which operates under the name Rencredit MFB Limited. The licence will empower the company to consolidate its...

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UAC to focus on subsidiary business

UAC of Nigeria Plc has said it will focus on building its subsidiaries for the next three years. A statement from the company on Thursday, said it was set to ensure that it grew its holding company...

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Chinese companies decline in value

Chinese companies have dropped out of the ranks of the world’s 10 biggest stocks by market value for the first time since 2006. Bloomberg News reports that this came amid a cash crunch, slower growth...

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Nigeria may sustain single-digit inflation till Dec –Analysts

Nigeria’s business climate and economic parameters are suggesting that the country may sustain its current single-digit inflation up until the end of the year, notable economists in the country have...

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Custodian and Allied streamlines business

Following regulatory and legal approvals of the business combination between Custodian and Allied Insurance Plc and Crusader Nigeria Plc, the merged entity known as Custodian and Allied Plc is...

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Diamond Bank ends roadshow with no bond deal

Nigeria’s Diamond Bank expects to launch a $550m bond next month and hopes for a 10-year maturity, its chief finance officer said on Thursday, noting that its roadshow ended without a deal yet. The...

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C’River advises shippers’ council on cocoa export

The Cross River State Government has asked the Nigerian Shippers’ Council to intervene in the challenges faced by cocoa farmers in exporting their products. The state Commissioner for Agriculture and...

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Dufil set to reward children

The search team for the 2013 Indomie Independence Day Award for Heroes of Nigeria, an annual corporate social responsibility initiative of Dufil Prima Foods Plc, is set to hit various locations across...

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Promasidor gets food safety certification

The Standards Organisation of Nigeria on Tuesday presented certificate of conformity to the requirements of Nigeria Industrial Standards/ ISO 22000:2005 Food Safety Management System standard to...

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CAP’s mobile campaign enters second phase

The ongoing campaign by the Chemical and Allied Products Plc., a subsidiary of UAC of Nigeria Plc tagged ‘Dulux Mobile Room Make-Over Activation’ has entered its second phase. The organisers said the...

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Vowels AA introduces Idee’s Stew mix

The Chief Executive Officer, Vowels AA, Dr. Omoniyi Akinleye, has said the stress in preparing meals can be reduced if the right ingredients were provided. Akinleye spoke ahead of the unveiling of...

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