Business

The House of Representatives has amended the Central Bank of Nigeria Act to raise the lending limit of the apex bank to the federal government from five (5) to fifteen (15) per cent. The amendment was done at an emergency session held by the lawmakers on Sunday. It comes amid...

…commissions markets in Akwanga, N’Eggon Nasarawa State Governor, Engineer Abdullahi Sule has expressed optimism that with the commissioning of the Dangote Refinery by President Muhammadu Buhari, the end of oil subsidy is in sight. Engineer Sule stated this while commissioning the multi-million naira modern market in Akwanga, headquarters of Akwanga...

THE Central Bank of Nigeria (CBN) has raised interest rate from 18 percent to 18.5 percent. News Point Nigeria the apex bank governor, Godwin Emefiele, announced the decision on Wednesday after the committee’s meeting at the CBN headquarters in Abuja. The development is the third consecutive time the apex bank will...

The President, Muhammadu Buhari (retd.), on Monday, unveiled the Dangote Refinery and Petrochemicals established by Africa’s richest man, Aliko Dangote in Ibeju-Lekki, Lagos State. The refinery is set up to refine 650,000 barrels of crude oil per day and transform crude oil into different usage of petroleum products such as...

Vice President-elect, Kashim Shettima, has said that the Dangote Refinery shows that Africa is not only about poverty. Shettima said this at the unveiling of the Dangote Refinery at Ibeju-Lekki, Lagos, on Monday. During his speech at the refinery’s inauguration, the politician urged other businessmen and entrepreneurs in the country...

The Governor of Nasarawa State, Abdullahi Sule, has visited the president of Dangote Group, Aliko Dangote, ahead of the unveiling of the company’s refinery in Lagos State. Sule revealed this in a post on his Facebook page on Sunday. The unveiling of the refinery will be performed by the president,...

The Lagos State Government has given Point of Sale Machines for free to 1,500 unemployed youths in the state. In a statement shared on the state’s Facebook page on Wednesday, the Commissioner for Wealth Creation and Employment, Yetunde Arobieke revealed this during the distribution of the digital machines at the...

Polaris, one of the banks in Nigeria, has confiscated the money lodged by a customer, after declaring him dead. The customer, simply identified as Avogroovy on Twitter, alleged that Polaris Bank placed a Post No Debit (PND) on his account. He said Polaris Bank has frustrated his efforts to access...

By Paul Williams  The Minister of Science, Technology and Innovation, Dr. Olorunnimbe Mamara has called for the total banning of all foreign goods that Nigeria can produce locally to protect local inventions in the country. Briefing State House Correspondents at the Ministerial Media Briefing organized by the Presidential Communications on...

By Nicole Augustine President Muhammadu Buhari administration, barely a few weeks from exiting office, the Federal Executive Council (FEC) has approved N605 million as a consultancy fee for the supervision of the concession of the Dandikowa 40 megawatts hydropower project. The memo which came up for deliberations at the extraordinary...