Business News

FG restores oil marketers’ right to products distribution nationwide

By Abimbola Fashakin, Lagos  The Federal Government has restored all the rights of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to products distribution in all the depots across the country. 

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DisCos lament funding gap in electricity sector

By Abimbola Fashakin, Lagos  The 11 electricity distribution companies (DisCos) under the umbrella of Association of Nigerian Electricity Distributors (ANED) has stated that since 2013, the funding gap in the power sector is now over N300 billion. 

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NCC confirms MTN’s payment of $96 million for broadband spectrum

By Abimbola Fashakin, Lagos  The Nigerian Communications Commission NCC has confirmed the payment of $96 million by telecommunications giant, MTN, for the purchase of 2.6GHz spectrum auction carried out in the second quarter of the year. 

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Firm signs deal with LMC on listing of football clubs in stock exchange

By Abimbola Fashakin, Lagos A Lagos based company, NASD OTC Securities Exchange and the League Management Company (LMC) have signed an agreement that will open up the potential of the capital market to the professional football clubs.

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Why FG can’t sign economic pact with EU, trade minister

By Musa Madobi, Kano  Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar has advanced reason on why the Federal Government has refused to sign the Economic Partner Agreement (EPA) with the European Union.

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Naira weakens slightly against Dollar

‎The Naira on Monday weakened slightly against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports.

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Dana Air begins daily flights between Lagos, Owerri

By Abimbola Fashakin, Lagos Dana Air has commenced daily flights from Lagos to Owerri with an introductory online fare of N12,600 one way.

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No plan to hike in domestic air fares now, says NCAA

By Abimbola Fashakin, Lagos The Nigerian Civil Aviation Authority (NCAA) has ruled out the possibility of a hike in air fare by domestic carriers.

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CBN confirms Abiru as new Skye Bank CEO

By Abimbola Fashakin, Abuja The Central Bank of Nigeria, CBN has announced Tokunmbo Abiru as the new Chief Executive Officer, CEO, of Skye Bank.

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N38b theft: S’Court gives nod for trial of ex-Finbank directors

By Abimbola Fashakin, Lagos The Supreme Court has ruled that a Former Managing Director of Finbank Plc (now defunct), Okey Nwosu and three Executive Directors of them bank, Dayo Famoroti, Agnes U. Ebubedike and Danjuma Ocholi should be tried by the court on allegations bordering on theft of N38b.

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