Business

The failure of the server of the Standards Organisation of Nigeria to link importers to the Customs server for the clearance of goods has reportedly cost the port industry N84bn in the past 14 days. Importers have been trying for two…
Read More...

POWER Distribution Companies (DisCos) lack the capacity to meet the nation’s electricity needs, Transmission Company of Nigeria (TCN) Managing Director Usman Mohammed has said. Mohammed, who spoke with The Nation in Lagos on Monday, said…
Read More...

The Federal Government plans to ban the movement of certain category of cargoes on some roads after the completion of major railways in the country. The Minister of Transportation, Rotimi Amaechi, said this in Lagos during a panel…
Read More...

For Nigeria to have stable electricity supply, the power sector be run like a business where consumers are ready pay, Managing Director of Transmission Company of Nigeria (TCN) Usman Gur Mohammed has said. The TCN boss stated this in…
Read More...

A Federal High Court in Lagos has frozen all bank accounts belonging to Sprawling Nigeria Ltd and its two directors, pending the determination of a debt recovery suit brought against them by the Assets Management Corporation of Nigeria…
Read More...

The Senate has on Thursday confirmed the appointment of Dr. Kingsley Obiora as a Deputy Governor of the Central Bank of Nigeria (CBN). The confirmation followed the adoption of the report of the Committee on Banking, Insurance and Other…
Read More...

The Federal High Court in Lagos on Thursday struck out a N3billion fundamental rights enforcement suit filed by MTN Nigeria Communications Ltd, against the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN).…
Read More...

The United States of America Consul General to Nigeria, Claire Pierangelo, has promised to woo more American Investors to come partner with Ogun State government. Pierangelo in her visit to the state governor Prince Dapo Abiodun in his…
Read More...

A lotto turf war between Chief Kessington Adebutu, popularly known as Baba Ijebu and Senator Buruji Kashamu has snowballed into a probe of Adebutu’s Premier Lotto company by the Economic and Financial Crimes Commission. According to a…
Read More...

The Federal Government will from Saturday (February 1) begin the implementation of 7.5 per cent Value Added Tax espoused by the finance law. The law, according to the government, will take effect after all the necessary administrative…
Read More...