Business

ActionAid Nigeria, a non-governmental organisation working to eradicate poverty in Nigeria has opposed the alleged resolution by the Nigerian Electricity Regulatory Commission (NERC) directing the 11 Electricity Distribution Companies (DisCos) to increase their tariffs from Wednesday, September 1, 2021. ActionAid Nigeria posits that the increase in electricity tariff will further erode the purchasing power of […]

The era of unseaworthy substandard ships entering into the country’s seawater may soon be over. This is because, the Nigerian Maritime Administration and Safety Agency, NIMASA, is moving against such ships coming into the country. It has commenced the issuance of new certificates of ship registration and gradually phasing out the old permits. The Director-General […]

The Association of Nigerian Licenced Customs Agents, ANALCA, has accused the Customs Service of working against government’s policy of Ease of doing Business. The Vice President of ANALCA, Mr. Kayode Farinton made the allegation at a News conference in Lagos. Mr. Farinton said that Customs was only interested in generating revenue and not facilitating trade. […]

Twenty Nigerian chefs have been trained in Lagos on how to prepare seafood especially stockfish. It was courtesy the Norwegian Seafood Council. They also trained importers of the products on how to preserve them against contamination. A Counsellor in the Embassy of Norway, Mr. Christian Fougner said that the training was necessitated by reports of […]

Nigerian equities market resumed trading for the week on Tuesday with a growth of 0.54 per cent after Monday public holiday declared by the Federal Government to mark 2019 Eid-el Malud celebration.Specifically, the market capitalisation inched N69 billion or 0.54 per cent to close at N12.878 trillion against N12.809 trillion recorded on Friday.Similarly, the All-Share Index [...]
Nigeria’s economy will attain great heights of development if the economy was diversified and the mono-product economy practice jettisoned, Deputy President of the Senate, Senator Ovie Omo-Agege has said.According to him, the country’s reliance on oil is not only unsustainable but also incapable of creating jobs and building enduring infrastructure that would support rapid economic [...]
Finding a decent, affordable place to live is a common problem facing young people in many places. But in Nigeria's booming commercial hub, Lagos, it is almost impossible as landlords demand a year's rent in advance.For two-bedroom apartments with electricity, close to the city's main business district on Victoria Island, I was asked for between [...]

The National Biosafety Management Agency (NBMA) has signed a Memorandum of Understanding (MoU) with NAFDAC and other critical agencies and ministries, to guarantee the safety of Genetically Modified Organisms (GMOs) imported into the country. Director-General of the agency, Dr. Rufus Ebegba who made the gave this indication in Abuja. “As part of our collaboration with […]

The Federal Government has on at inaugurated a mini milk collection centre in Tassa Village in Dawakin Kudu Local Government Area of Kano state. This is in an bid to boost milk production in the country. Minister of Agriculture, Sabo Nanono at the event, gave an assurance that the government would establish more centres in […]

Lagos State Government has stated his administration’s support for investors in the coconut value chain. Governor Babajide Sonwolu who gave the assurance at the maiden edition of the International Coconut Summit in Lagos assured prospective investors of net breaking return on their investments. The Governor who was Sanwolu who was represented by the State Commissioner […]


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