You are here
Home > Business & Economy (Page 2)

Naira abuse: CBN to try offenders in mobile court

Naira abuse: CBN to try offenders in mobile court

Nike Popoola Bankers in the country have expressed their readiness to enforce the law against the abuse of naira notes by setting up mobile courts to punish violators of the currency. They said this during a press briefing after the Bankers’ Committee meeting in Lagos on Thursday. The bankers said they also resolved at the […] …

Power firms holding Nigerians hostage, says Esele

Power firms holding Nigerians hostage, says Esele

Alexander Okere, Benin A former President of the Trade Union Congress, Mr Peter Esele, has accused the electricity generation and distribution companies of failing to fulfil their side of the deal for the privatisation of Nigeria’s power sector. Esele explained that against established timelines in the privatisation agreement, the Gencos and Discos had failed to […] …

FG generates N3.9tn tax revenue in nine months

FG generates N3.9tn tax revenue in nine months

Everest Amaefule and  Ade Adesomoju The Federal Government realised N3.9tn in tax revenue between January and September this year and this is N1tn higher than the N2.9tn realised in the corresponding period of 2017. The Chairman, Federal Inland Revenue Service, Mr Tunde Fowler, disclosed this in a presentation made at the meeting of the African Union […] …

Customs seize N2.2bn bulletproof cars, contraband

Customs seize N2.2bn bulletproof cars, contraband

Anna Okon The Nigeria Customs Service, Federal Operations Unit, Zone ‘A’ Ikeja, said that it intercepted bulletproof cars and contraband worth N2.2bn between September 4 and October 3. The Controller, FOU, Mohammed Aliyu, stated this in Lagos on Thursday. Among the seized items were 22 exotic cars; 11,303  bags of foreign parboiled rice; 2,410 frozen […] …

Flood may cause rice shortage next year – FG

Flood may cause rice shortage next year – FG

Okechukwu Nnodim, Abuja The heavy flood in about 14 states may lead to shortage of rice across the country next year, the Federal Government has warned. It warned that if adequate measures were not taken to replant the rice affected by severe flood in some states, Nigeria might experience shortage of the staple by 2019. […] …

WTO chief has never talked to Trump, but agrees trade reforms needed

The head of the World Trade Organization talks frequently to world leaders, including those from France, Germany, Japan and Britain, but he has never spoken to President Donald Trump, despite the intense US focus on trade. Even so, WTO Director General Roberto Azevedo said he agrees that the global trading system needs reforms, and soon. […] …

NNPC, others move to improve oil sector output

NNPC, others move to improve oil sector output

Okechukwu Nnodim and Olaleye Aluko Key agencies of government under the Federal Ministry of Petroleum Resources have pledged to improve the digitalisation of their systems in order to boost the country’s oil and gas sector. According to the Nigerian National Petroleum Corporation, the Petroleum Equalisation Fund and other agencies under the ministry, the adequate digitalisation […] …

Top