Reps, stakeholders back bill on telecoms emission control
The House of Representatives, industry regulators and service providers on Wednesday endorsed a bill to curb the health hazards of emissions from telecommunications masts in the country. At a public...
View ArticleDiamond Bank workers protest
About 500 contract workers of Diamond Bank Plc on Wednesday protested at the head office of the bank in Lagos over alleged unfair practices and poor working conditions. The contract employees, who were...
View ArticleHawkers bribe bankers to obtain new naira notes
Despite the persistent scarcity of new naira notes, illegal currency hawkers have continued to make brisk business by openly selling new notes in different denominations on the streets and party...
View ArticleInflation rose to 9.1% in April –NBS
The rate of inflation in the country rose to 9.1 per cent in April from 8.6 per cent in March, according to the Consumer Price Index Report released by the National Bureau of Statistics on Thursday....
View ArticleElectronic fund transfers set to hit N160bn daily
The value of electronic funds transfer in the country is likely to hit N160bn per day by the end of the year in the second phase of the cash-less policy, which is planned to commence in July. The next...
View Article350,000 companies not rendering tax returns – FG
The Federal Government has decried the practice of tax evasion by many companies operating in the country and that in the last few years; about 350,000 companies have not filed tax returns. Tax returns...
View ArticleNational Economic Council to tackle corruption
The National Economic Council on Thursday expressed worry over the increasing cases of corruption in the system with a promise to work out modalities to tackle the scourge. The decision was taken at...
View ArticleShell declares force majeure on NLNG gas supply
Shell Petroleum Development Company Limited, the Nigerian subsidiary of Royal Dutch Shell, has declared a force majeure on gas supplies to the Nigeria LNG after a reported leak led to a pipeline...
View ArticleFG, states, LGs share N721.51bn from Federation Account
The Federation Accounts Allocation Committee on Wednesday night shared the sum of N721.51bn among the three tiers of government for the month of April The amount represents a decrease of N9.628bn or...
View ArticleFirst Bank offers diverse e-business transactions
First Bank has said that it is providing different electronic means of transacting business for its depositors in order to give them easy access to their funds. The bank, in a statement, said it had...
View ArticleCost of servicing domestic debt too high – DMO
The Federal Government has over-borrowed from domestic sources compared to the relatively low level of foreign debt, the Debt Management Office has said. The Director-General, DMO, Dr. Abraham Nwankwo,...
View ArticleShareholders approve Unilever’s N1.40 dividend
Shareholders of Unilever Nigeria Plc on Thursday unanimously approved the N1.40 proposed by the company as dividend per share for the year ended December 31, 2012. The shareholders, who gave their...
View ArticleUS stocks remain stable
Dow and S&P 500 hovering near record highs, as weak factory and labor market news was offset by data indicating inflation pressure remains tame despite aggressive monetary policy. Cisco Systems led...
View ArticleStallion Home, Mutual Alliance sign MoU on merger
Stallion Home Savings & Loan Limited and Mutual Alliance Savings & loans Limited have signed a Memorandum of Understanding on the plan to merge their businesses. A statement on Thursday stated...
View ArticleKenyan National Bank to raise $119m by 2014
National Bank of Kenya Limited. will raise as much as $119m in a rights offer to fund an expansion plan as it seeks to quadruple revenue by 2017, its Managing Director, Mr. Munir Sheikh Ahmed, said....
View ArticleWorsening insecurity affects business turnover – LCCI
The Lagos Chamber of Commerce and Industry has said that the worsening state of insecurity in Nigeria is adversely affecting the turnover of business operators in the country. According to the chamber,...
View ArticleMorpheus out with online platform
An indigenous company, Morpheus Online Business Services, has inaugurated an e-commerce platform in Lagos. According to a statement by the company, the platform buyam.com.ng is aimed at alleviating the...
View ArticleAbsolute Unique launched
In a bid to expand its market, Swedish vodka brand producer, Pernod Ricard, has introduced one of its products, Absolute Unique, to Nigeria. According to the Managing Director, Pernod Ricard Nigeria,...
View ArticleGlaxoSmithKline supports Save the Children initiative
GlaxoSmithKline is partnering with Save the Children to save the lives of one million children over the next five years by developing and making available adapted medicines in some of the world’s...
View ArticlePark ‘n’ Shop hosts festival
Park ‘n’ Shop, a retail store brand has attained 25 years of operations in 2013 and is marking its anniversary with a shopping festival tagged, ‘25th Anniversary Shopping Festival’. According to a...
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