Home Business

Business

Benin Electricity Distribution Plc. (BEDC)

Outage: BEDC to reconnect Ekiti communities

The Ekiti State Government on Tuesday received assurances from the Benin Electricity Distribution Company (BEDC) that power supply would be restored by December to some towns that had been without power supply for years.
McKinsey & Company

Report: Africa expected to be world’s next big growth market

Africa will become the world’s next big growth market, akin to the Asian boom, McKinsey, a management consulting firm said on Tuesday.

Babatunde Fashola: Federal government targets 30% in renewable energy mix by 2030

In a bid to diversify its energy sources and optimise other assets for power production, Nigeria is targeting 30 per cent of its energy needs from renewables by 2030.

NAICOM releases guidelines on state insurance producer

The National Insurance Commission (NAICOM) has released guidelines for the operations, business conduct and obligations of State Insurance Producer (SIP), a new insurance agency it has newly developed.

NDIC reiterates commitment to protect depositors, promote stable banking system

The Nigeria Deposit Insurance Corporation has reiterated its commitment to ensure the protection of depositors in the country.

NCC urges central bank to put telecoms on forex priority list

The Nigerian Communications Commission (NCC) has stressed the need for the Central Bank of Nigeria (CBN) to accommodate telecoms service providers on its forex priority list to reduce the risk of forex fluctuation and access being experienced by the operators.

NDIC to run diploma in financial journalism

The Nigerian Deposit Insurance Corporation (NDIC) has concluded plans to begin sponsoring a diploma in financial journalism in its efforts to deepen business reporting in the country.
Pedestrians walk past the headquarters of Mitsubishi Motors in Tokyo on November 20, 2018. - Nissan and Mitsubishi shares plunged on November 20, as the automakers prepared to oust chairman Carlos Ghosn a day after he was arrested for alleged financial misconduct. (Photo by Behrouz MEHRI / AFP)

Nissan shares plunge as Ghosn faces ouster after arrest

Nissan and Mitsubishi shares plunged Tuesday after chairman Carlos Ghosn was arrested for alleged financial misconduct, that reportedly included exorbitantly priced houses and diverted compensation.
A man walks past a stock exhange indicator in Tokyo on November 20, 2018. - Nissan shares lost six percent of its value at the opening as his CEO Carlos Ghosn was arrested as he was hiding part of his salary to the Japanese state. (Photo by Behrouz MEHRI / AFP)

Tokyo stocks close down, Nissan plunges over 5%

Tokyo stocks dropped on Tuesday with shares in Nissan diving more than five percent and Mitsubishi also plunging after chairman Carlos Ghosn was arrested over allegations of financial misconduct.
Amy Jadesimi

Amy Jadesimi: Respect, equality key to sustainable partnership

The Managing Director of Lagos Deep Offshore Logistic Base (LADOL), Dr. Amy Jadesimi, has described respect and equality as the key to successful and sustainable partnership in any business environment, particularly in high growth and low income market.

Abiola Ajimobi, Rauf Aregbesola, others lead APC reconciliation committees

Nigeria’s governing party, APC, has set up six committees to resolve the crises from its primaries across the country.

African Industrialisation Day: Economists proffer ways to economic growth

As Nigeria joins the rest of Africa to celebrate the African Industralisation Day, some economists said embracing technology, promoting local content and industralisation can foster the growth of the country’s economy.
Umar Garba Danbatta, Executive Vice Chairman of the Nigerian Communications Commission

NCC seeks collaboration of academia, telecoms on innovation

Executive vice chairman of Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta, has called on the academia and stakeholders in the telecommunications industry to collaborate to accelerate innovation, industrial growth and sustainable development in the Nigerian telecoms industry.

Rotimi Amaechi reiterates commitment to Lagos-Ibadan rail project

The Minister of Transportation, Rotimi Amaechi, has pledged to ensure the completion of the Lagos-Ibadan rail project in honour of the late Chairman of the Nigerian Railway Corporation (NRC), Usman Abubakar.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil price stabilises over supply cut by OPEC

Oil prices rose by one per cent yesterday as traders expected top exporter Saudi Arabia to push the Organization of Petroleum Exporting Countries (OPEC) to cut supply toward year-end.

Turkish Airlines surpasses $1 billion profit mark in 9 months

Despite the increasing fuel prices due to its increasing demand and unit revenues, Turkish Airlines posted profit from main operations of USD 1 billion 149 million, in the first 9 months of 2018.

Dana Air celebrates 10 years of service in Nigeria

Dana Air, at the weekend celebrated its 10th anniversary in Nigeria’s aviation industry with a strong commitment to continue to offer its guests the best of service hinged on safety and customer satisfaction.

DMO, oil marketers to meet over payment of subsidy arrears

The meeting, which is at the instance of the DMO is designed to provide an opportunity for the debt management agency to explain the process for the issuance of promissory notes to settle outstanding arrears due to the marketers as well as provide a ‘Status Report.’

Recent Stories

Court dismisses suspended Kogi APGA chairman’s libel suit

Kogi High Court sitting in Idah on Wednesday dismissed a libel suit filed by suspended Kogi chairman of the All Progressives Grand Alliance (APGA), Chief Ocholi Ameh, against the Guardian Newspaper, Punch and Vintage Press for lacking in merit.

Police arraign businessman for allegedly raping a minor

A 62-year-old businessman, Donatus Deshi, who allegedly raped a 14-year-old girl was on Wednesday arraigned before an Upper Area Court, sitting in Kasuwan Nama, in Jos.

Court remands fake army colonel

An Ilorin Senior Magistrates’ Court on Wednesday ordered that Afolabi Stephen, 42, be remanded in Mandalla prison yard for allegedly impersonating an army Lieutenant Colonel.

Education stakeholders advocate strict implementation of national policy on education – survey

Education stakeholders in the North-East geopolitical zone of the country have advocated strict implementation of the National Policy on Education (NPE) to tackle the myriad challenges facing the education sector.

UNIDO: Quality products, services indices to global competitiveness

A national expert on Food Safety, United Nations Industrial Development Organisation (UNIDO), Dr Funsho Tehinse, has said that quality products and services are indices to global competitiveness in Africa.