N100bn revenue shortfall: FG tells contractors no TIN, no payment
January 9, 2018 The Federal Government has ordered vendors of Ministries, Departments and Agencies (MDAs) to display their Tax Identification Numbers (TINs) on their invoices before payments are effected by…
ECONOMIC DEVELOPMENT: IWU, EKEH, DOZIE, OTHERS RALLY TO RESCUE IMO STATE
Apparently worried by the slow pace of development of their state, some eminent sons and daughters of the Imo State have resolved to ensure that the state enjoys unprecedented level…
Kachikwu says NNPC records N85.5bn loss on petrol importation, canvasses N204 to a dollar exchange rate for importers
Minister of State For Petroleum Resources, Dr Ibe Kachikwu, on Thursday said the Nigerian National Petroleum Corporation, NNPC has incurred a cumulative loss of N85.5 billion in importing petrol and…
‘YUDALA WILL BE AFRICA’S FIRST TRULY PROFITABLE E-COMMERCE COMPANY’
Prince Nnamdi Ekeh, Vice President of Yudala, pioneer online and offline e-commerce outfit, has disclosed that the company is set to hit a path of profitability by 2020, thereby making…
NSE trading closes on negative trend, index down by 0.20%
January 3, 2018 Trading on the Nigerian Stock Exchange (NSE) on Wednesday recorded low gain, with the All-Share Index dropping by 0.21 per cent. The News Agency of Nigeria (NAN)…
Forte Oil remains worst performing stock on NSE in 2017, down by 48.50%
January 3, 2018 For the second year running, Forte Oil maintained its leadership as the worst performing stock on the Nigerian Stock Exchange (NSE) in 2017 in percentage terms. Statistics…
NIGER DELTA: 10 MODULAR REFINERIES REACH ADVANCED STAGE, OGONI CLEAN-UP RECORD PROGRESS – OSINBAJO
The Buhari administration is committed to promoting the establishment of privately financed modular refineries so as to increase local refining capacity, create jobs, ensure peace and stability in the Niger…
NSE to review composition of market indices Jan. 1, 2018
December 30, 2017 The Nigerian Stock Exchange (NSE) has announced the review of the NSE-30 and the seven sectoral indices effective Jan. 1, 2018. The exchange in a statement signed…
LCCI urges CBN to hasten release of N550bn export fund
December 29, 2017 The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to hasten the release of the N550 billion Export Stimulation Fund…
Lagos State records N50bn cash transactions from creative sector in 21 days
The Lagos State Government says it recorded N50 billion cash transactions from the creative sector in the first three weeks of December. Mr Steve Ayorinde, the state Commissioner for Information…