Business News

Ambode approves fare increase for BRT, LAGBUS from March 1

By Olaolu Oladipo, Lagos Lagos State Governor, Mr. Akinwunmi Ambode, has approved fare increase for Bus Rapid Transit (BRT), LAGBUS and franchise buses with effect from 1 March, 2017.

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AMCON says Arik Air requires N10bn to resume full operations

By Abimbola Fashakin, Lagos The Asset Management Corporation of Nigeria (AMCON) on Sunday said it had discovered deep rooted rot at embattled airline, Arik Air.

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Agriculture: Lagos harvests 50 tons of catfish in 6 months

By Joshua Olalekan, Lagos Lagos State Government has state that it had harvested 50 tonnes of catfish in six months since the introduction of the commercial Cage Culture System fish farming.

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BoI ready to increase N1bn Fashion Fund, says Olagunju

By Abimbola Fashakin, Lagos The Bank of Industry (BoI) has promised to increase the one billion naira set aside to promote fashion industry in the country, if the demands for it increased.

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FG takes over Arik Air, appoints Ilegbodu as new helmsman

By Abimbola Fashakin, Lagos The Federal Government has announced the take over of Arik airlines in what sources in the aviation industry said is aimed at avoiding job losses.

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Alleged graft: EFCC grills Arik Air chairman, Arumemi-Ikhide

By Abimbola Fashakin, Lagos Operatives of the Economic, Financial and Other Crimes Commission (EFCC) have grilled the Chairman of Arik Air, Sir Joseph Arumemi-Ikhide over suspected allegation of graft in the management of the company.

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ITF sets up 4 new area offices, reshuffles management team

By Abimbola Fashakin, Lagps The Industrial Training Fund (ITF) has established four new area offices across the country in its bid to bring its services closer to the people.

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Free fall continues as Nigerian equity market drops further by 0.55%

By Abimbola Fashakin, Lagos The free fall of stocks continued on the Nigerian Stock Exchange (NSE) on Tuesday with the All-Share Index dropping further by 0.55 per cent.

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FG launches waste to wealth programme in Cross River

By Wahab Akanji, Abuja The Federal Ministry of Science and Technology in Collaboration with the Cross River State Government has flagged- off a natural waste to wealth programme, using appropriate technologies.

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Tragedy as NSE market capitalisation loses N74 bn on Monday

By Abimbola Fashakin, Lagos Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday on a downward trend with the market capitalisation losing N74 billion, amid profit taking embarked upon by investors.

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