Business News

N6B Vehicle Rot In Customs Warehouses.

RAYMOND TEDUNJAYE, Lagos Seized vehicles with Duty Paid Value worth over N6b are rotting in various customs warehouses and premises across the country following the suspension of auction by the service management since August 2015. The vehicles numbering over two thousand units most of which were seized by Nigeria Customs Service as part of its anti smuggling drive have started ...

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Toyota set to roll out first assembled cars in Nigeria

By Abimbola Fashakin, Lagos Barring any unforeseen circumstances, the first set of Nigeria-assembled Toyota cars will be rolled out in a couple of months.

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Dangote Cement revenue hits N615.1bn in 2016

By Abimbola Fashakin, Lagos Dangote Cement Plc has announced revenue of N615.1 billion for the financial year ended Dec. 31, 2016.

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Saudi multi-national set to float ‘Agric City’ in Kwara North

By Toyin Durosinlohun, Ilorin A Saudi Arabia based firm, Zain Al-abdin group is set to float what it termed an Agric City in Kwara State.

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Naira strengthens further against dollar, sells at N450/$

By Abimbola Fashakin, Lagos The nation’s currency, the Naira has continued to strengthen against the dollar and other major currencies.

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Lagos trains 400 butchers on new trade trends, seeks better hygiene in abattoirs

By Timi Joshua, Lagos Lagos State Government has trained no fewer than 400 butchers and live cattle dealers drawn from various abattoirs and slaughter slabs on current trends in abattoir management.

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PROFESSIONALISM IS KEY TO GROWTH OF MARITIME INDUSTRY – NIMASA DG

Victoria Hanson  The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that professionalism has a key role to play in the development and growth of the maritime industry in Nigeria.

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NAGAFF writes Customs on breaches on licencing regulations

The National Association of Government Approved Freight Forwarders (NAGAFF) has written to call the attention of Nigeria Customs services under the leadership of Col. Hameed Ali Ibrahim (Rtd) to the misnomer in the administration of the licencing regulation of the Nigeria Customs Service.

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NB PROPOSES N28 BILLION DIVIDEND PAYOUT, RECORDS 6.7 PER CENT REVENUE GROWTH

Victoria Hanson The Board of Directors of Nigerian Breweries Plc has proposed a total dividend of N28, 181, 179 (Twenty eight billion, three hundred and eighty six million, one hundred and eighty one thousand, one hundred and seventy nine naira only), that is, N3.58 (three Naira fifty kobo) per ordinary share of fifty kobo each for approval by the company’s ...

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Goldberg Excellency Tour: Otapo Bata Drummers Emerge Winner of Cultural Contest in Abeokuta

Victoria Hanson   Otapo Bata Drummers from Abeokuta have emerged winners at the traditional drummers contest at the kick-off event of the Goldberg Excellency Tour in Abeokuta on Saturday, February 18, 2017. The group outperformed four other groups at the grand finale to cart home the coveted prize of Two Hundred and Fifty Thousand Naira (N250, 000).  Ayanwale Drummers clinched ...

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