Business News

Bank customers groan as ATM machines malfunction in Kano, Kaduna

Bank customers in Kano and Kaduna on Saturday expressed frustration at malfunctioning Automated Teller Machines (ATM) and long queues at various banks during the Eid-el-Kabir celebration. The customers, who thronged! the banks to withdraw cash for the National holidays, were disappointed as many could not access their money due to various reasons. A cross section of them told newsmen that ...

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FG will link Sokoto, Kebbi, Zamfara rail lines, Amaechi

The Minister of Transportation, Mr Rotimi Amaechi, on Tuesday, said the ministry would design the rail lines to connect Kebbi, Zamfara and Sokoto in line with the mandate to have rail in all the state capitals. Amaechi made this disclosure when he paid a courtesy visit to Gov. Aminu Tambuwal of Sokoto State. He said that the mandate of President ...

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Food security: Ambode, others storm Switzerland to buy rice mill

By Olufunke Elushakin, Lagos Lagos State Governor, Mr. Akinwunmi Ambode on Friday led a team of the State Executive Committee members to sign an agreement with Bühler AG (“Bühler”), a leading rice-mill producer in the world, for the acquisition of a 32 tonnes per hour Rice Mill. The Governor, who spoke shortly after the signing ceremony, said the development was in ...

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CBN boost Forex market with $462m

The Central Bank of Nigeria (CBN) on Friday injected 462,336,426.74million dollars into the Foreign Exchange (Forex) market The bank had injected 194 million dollars on July 24. Acting Director in charge of Corporate Communications, Mr Isaac Okorafor, said this in a statement in Abuja on Friday. He said the intervention was in line with the commitment of the apex bank ...

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Nigerian Government threatens to shut land borders over Rice Smuggling

By Maxwell Adeleye The Federal Government has threatened to shut some land borders if the smuggling of rice continues from neighbouring countries. Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, gave the warning on Monday while speaking to newsmen on some of the Federal Government’s achievements in the agriculture sector in the last two years in Abuja. 

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Tourist, Business Visas to Nigeria now in 2 days

* Visa-On-Arrival requirement to be published All valid ordinary tourist and business visa applications by foreigners attempting to visit Nigeria are now to be processed whether issued or rejected within 48 hours.

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YPNI Holds Second Edition of its Entrepreneur and Skill Acquisition Training Program

By Omojowo Ogunyemi The Young Progressives Nigeria Initiative (YPNI) on Friday 5th of May, 2017 held the second edition of its Entrepreneur and Skill Acquisition Training for the unemployed Youths at Ijebu-ode, the commercial headquarter of Ijebu ethnic nationality, Ogun State, in furtherance to the opening Lecture held on Friday 21st April 2017.

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MyStocKIT: Heritage Bank launches MSME app for ease of doing business 

By Victoria Hanson In line with its commitment to ensure swift expansion of the micro small medium enterprises (MSME) market segment, Heritage Bank has introduced MyStocKIT, an android hand-held solution that enables clients to track stock movements, maintain dynamic stock levels and address fundamental accounting/book keeping management requirements of the business.

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End looting, end poverty: The Econet Story

End looting, end poverty: The Econet Story By Mobolaji Ajani Strive Masiyiwa, CEO and Founder of Econet Wireless, recently took to his blog to reveal his side of the story behind the company’s downfall in Nigeria. An extract from the blog post:

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Nigerian Breweries Explains Reenue Growth, Hundred Perent Dividend Payout

Victoria Hanson Nigerian Breweries Plc, the foremost brewer in the country, has explained that the N314 billion revenue it recorded in the 2016 financial year is  as a result of its twin agenda of Cost Leadership and Market Leadership supported by Innovation.Managing Director of the Company, Mr. Nicolaas Vervelde explained to journalists at a media briefing in Lagos on Tuesday, ...

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