Category Archives: Business News

MSMEs reckon 2017 as Year of better access to funding, forex access

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OPERATORS in the Micro, Small and Medium Enterprises (MSMEs) have reckoned 2017 as the “Year of better access to funding and foreign exchange.” In a review of the outgoing year, and outlook for 2018, Kuti George, President Lagos Chapter of Nigerian Association of Small Scale Industries, NASSI, said: “2017 is a turbulent year and things […]

Arms importation: Customs, agents trade blame over use of scanners at Apapa port

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Amidst recent upsurge in the importation of arms and ammunition into the country, maritime industry stakeholders are in tango over usage of scanners at the nation’s seaports. While the Tin-can Island Command of the Nigeria Customs Service, NCS, claimed that they scan between 30 and 50 containers daily, the clearing agents on the other hand […]

Consumer Watch: A place that makes you plan ahead

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Basket of Tomatoes                        N8000 – N9,000 A bag of Pepper  (Rodo)                               N 5,,000 – N6,000 A bag of Long pepper                     N5,000 – N7000 A bag of Onions (white)                N16, 000 – N30, 000 A bag of Onions (Red)                                    N12, 000- N25, […]

NIMASA, ship-owners disagree over Nigeria’s failure at IMO council election

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The Nigerian Maritime Administration and Safety Agency, NIMASA and ship-owners have disagreed over the reasons for failure of the nation to be elected into the category C of the International Maritime Organisation, IMO’s Council. While the Director General of NIMASA, Dakuku Peterside attributed the failure to delay in approval by the presidency for the nation […]

IST demands increased funding for operational efficiency

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The Investments and Securities Tribunal, IST, has requested for increased funding in order to effectively cope with   expansion in its   operational responsibilities. Chairman of the Investment & Securities Tribunal (IST), Isaiah Idoko-Akor, made this request when members of the Tribunal visited the Acting Director General of SEC, Dr. Abdul Zubair in Abuja. He said: “IST […]

Eni, Shell to stand trial in Italy over bribery, corruption in purchase of Nigeria oil block

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Italian giant Eni and fellow petroleum company Shell will stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of an offshore oil block in Nigeria. (COMBO) This combination of pictures created on December 20, 2017 shows the logo of a Shell petrol station in central London on January 17, 2014 […]

DMO DG says FG will reduce borrowing cost

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Lagos – The Federal Government will implement prudent fiscal and debt management in the coming years to reduce the nation’s debt cost, the Debt Management Office (DMO) has said. Ms Patience Oniha, the DMO Director-General, made this assertion on Thursday in Lagos. Oniha spoke at the listing of the FGN 30 year 1.5 billion dollars […]

NSE inaugurates steering board on corporate governance rating

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The Nigerian Stock Exchange, NSE, yesterday announced the inauguration of a six member steering Board of the Corporate Governance Rating, System, CGRS  that will award certificates to companies and directors that meet its high standard of corporate governance. Stock exchange The Board comprises of six (6) members, two (2) representatives of the Convention on Business […]

Getting business loans from the banks (3)

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We are now on the third portion of this series on MSMEs’ getting business loans from banks in which we have focused on the offers from Stanbic IBTC Bank. We have discussed just one offer which is what they call SME Overdraft. It should be re-emphasized again that this discussion is by no means exhaustive […]

New Chivita 100% unveils Limited Edition pack

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NEW Chivita 100% from the stable of Chi Limited has unveiled new Limited edition pack featuring football stars like Zlatan Ibrahimovic, Paul Pogba, David De Gea and Anthony Martial as part of its “Breakfast with the Stars” campaign to provide football lovers an opportunity to enjoy and share healthy and complete breakfast moments with the […]