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Category: Business

Business

FG to finalize leather product policy soon

National Ambassador.August 9, 2018 Abia StateBuhariikpeazuNnamdi OkonkwoPPP

By Amarachi  Uzoukwu.   Federal Government says it is collaborating with relevant agencies to finance and finalize the leather product policy.   The policy will…

View More FG to finalize leather product policy soon
Business News

Encourage oil producing communities: Ikpeazu charges FG

National Ambassador.July 27, 2018 Abia StateAzuminiFGikpeazuNDDCObehe-Akwa IbomUsani Usani

By Chijioke Chukwuemeka   Abia Governor, Dr. Okezie Ikpeazu has called on the Federal government to encourage the peaceful oil producing communities in Nigeria through…

View More Encourage oil producing communities: Ikpeazu charges FG
Business News

Finally FAAC shares N668.8bn despite deadlock

National Ambassador.July 20, 2018 FAACNGFNNPCYari

The federation accounts allocation committee (FAAC) has disbursed N668.8 billion between the three tiers of government as revenue generated in May despite disputes between the…

View More Finally FAAC shares N668.8bn despite deadlock
Business News

Golden Guinea: Governor Ikpeazu inspects ongoing rehabilitation work

National Ambassador.July 19, 2018 abiaGolden Guineaikpeazu

  Abia State governor Victor Okezie  Ikpeazu has  inspected the ongoing rehabilitation work at the Golden Guinea breweries in Umuahia Ikpeazu expressed confidence that the brands…

View More Golden Guinea: Governor Ikpeazu inspects ongoing rehabilitation work
Business News

Banire appointed as AMCON chairman, as Senate confirms Smith as PSC Chair

National Ambassador.July 17, 2018 AMCONapcBuhariMike OkiroMuiz BanireMusiliu SmithPSC

Muiz Banire, a senior advocate of Nigeria (SAN) has been appointed by President Muhammadu Buhari, as chairman of the governing board of the Assets Management Corporation…

View More Banire appointed as AMCON chairman, as Senate confirms Smith as PSC Chair
Business News

FAAC ends crisis, Shares N647bn to FG, states, LGs

National Ambassador.July 1, 2018 FAACKemi AdeosunNNPC

The Federation Accounts Allocation Committee (FAAC) has finally resolved to share funds to the three tiers of government . The FAAC committee had a slight…

View More FAAC ends crisis, Shares N647bn to FG, states, LGs
Business

Rice Firm raid by CPC : Company threatens legal action

National Ambassador.June 28, 2018 Akwa IbomCity riceCPC

Lovina Anthony, Uyo Following the raid of rice depot, City Rice in Uyo Akwa Ibom recently by the officers of Consumer Protection Council CPC due to substandard…

View More Rice Firm raid by CPC : Company threatens legal action
Business News

Trade and investment gathering: I am not going to America — Atiku

National Ambassador.June 18, 2018 BuhariIke EkweremaduTrade and investmenTrade and investmentWashington D.C.wike

Former Vice President Atiku Abubakar has debunked media reports that he will be in the United States later this month. Reports over the weekend revealed…

View More Trade and investment gathering: I am not going to America — Atiku
Business News

Tanzania increases duty on import

National Ambassador.June 18, 2018 duty on importEast African CommunityTanzania

In its resolve to protect local industries, Tanzania has increased duty on almost three quarters of the imported goods. Kenya had also announced similar measures,…

View More Tanzania increases duty on import
Business

IMF’s Lagarde to Trump: No winner in trade war

National Ambassador.March 7, 2018 Christine LagardeDonald TrumpIMFRTLUnited States

The International Monetary Fund’s Managing Director Christine Lagarde said on Wednesday that nobody wins in a trade war and that the macro-economic impact of U.S.…

View More IMF’s Lagarde to Trump: No winner in trade war
Business

Cryptocurrencies have failed as money: Mark Carney BoE boss

National Ambassador.March 3, 2018 BitcoinBoEFSBG20Mark CarneyPonzi scheme

Cryptocurrencies are failing as a form of money and have shown classic signs of being a financial bubble, requiring regulators to protect consumers and stop…

View More Cryptocurrencies have failed as money: Mark Carney BoE boss
Business

Thailand accuses Nigeria of making its citizens jobless

National Ambassador.March 2, 2018 Audu OgbehFEPSANPFIThailand

Thailand has accused Nigeria of being responsible for the collapse of its seven rice mills following the drastic fall in rice importation from the country.…

View More Thailand accuses Nigeria of making its citizens jobless
Business

Stay out off bitcoins, crypt occurrences – NDIC warns Nigerians

National Ambassador.March 2, 2018 BitcoinCBNcryptocurrencyNDIC

Nigerians have been warned to avoid trading with bitcoin and cryptocurrencies. This warning was made by Nigeria Deposit Insurance Corporation, NDIC. It said that there…

View More Stay out off bitcoins, crypt occurrences – NDIC warns Nigerians
Business

Dangote to build sugar plants in 6 states

National Ambassador.February 22, 2018 Aliko DangoteDangote groupSugar refinery

Nigeria’s Dangote Group has signed a deal to commence the building of integrated sugar plants in six states in Nigeria. The Chairman of the group,…

View More Dangote to build sugar plants in 6 states
Business

Real owners of oil blocs revealed by Gov. Dickson

National Ambassador.February 17, 2018 Aziken Petroleum RefineryOlusegun ObasanjoSeriake DicksonYemi Osibanjo

Henry Seriake Dickson, Governor of Bayelsa State, says on Saturday that more oil blocs be allocated to oil-producing areas. The was speaking during the foundation…

View More Real owners of oil blocs revealed by Gov. Dickson
Business

JICA gives $700m loan to AfDB

National Ambassador.February 16, 2018 AFBDESPAJapanJICA

The Japan International Cooperation Agency (JICA) has signed a $700.9 million loan agreement with the African Development Fund (ADF). The loan is designed to provide…

View More JICA gives $700m loan to AfDB
Business

OLX officially Shut Down Outlets In Nigeria

National Ambassador.February 7, 2018 OLX

This is sad news for the online market scene in Nigeria. One of the top online marketplace in the world OLX has officially shut down…

View More OLX officially Shut Down Outlets In Nigeria
Business

‘$89b lost to underuse of EU free trade pacts’

National Ambassador.February 6, 2018 ETAMANUNCTAD

Another report by the  United Nations Conference on Trade and Development (UNCTAD), and the National  Board of Trade Sweden has uncovered that the maximum capacity…

View More ‘$89b lost to underuse of EU free trade pacts’
Business

$210m injected into foreign exchange market by CBN

National Ambassador.February 5, 2018 BTACBNIsaac Okorafor

Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various…

View More $210m injected into foreign exchange market by CBN
Business

Nigerian Customs barred from seizing rice in markets

National Ambassador.February 1, 2018 AdeosunHameed AliNCS

The Federal Government has asked the Nigerian Customs Service (NCS) to quit raiding markets to seize imported rice. Minister of Finance, Mrs Kemi Adeosun, made…

View More Nigerian Customs barred from seizing rice in markets
Business Metro/Crime

Dismiss Gwarzo’s, asks him to refund N104m severance package- Panel recommends

National Ambassador.January 31, 2018 Kemi AdeosunMounir GwarzoSEC

A panel set up by minister of finance, Kemi Adeosun, to probe the allegations of corruption levelled against Mounir Gwarzo, suspended director-general of the Securities…

View More Dismiss Gwarzo’s, asks him to refund N104m severance package- Panel recommends
Business

Nigeria’s stocks among world’s best-performers

National Ambassador.January 29, 2018 HSBC HoldingsNew York-based Global X MSCI Nigeria ETF

Nigeria’s stocks have been rated among the world’s best-performers in the past four months. Bloomberg reported on Monday that the good performance was as a…

View More Nigeria’s stocks among world’s best-performers
Business

Oil prices getting higher, hit $80

National Ambassador.January 25, 2018 U.S. oil production

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as…

View More Oil prices getting higher, hit $80
Business

‘FIRS generated N4 trillion taxes in 2017’

National Ambassador.January 23, 2018 Federal Inland Revenue ServiceFIRSTax

The Federal Inland Revenue Service (FIRS) collected record N4 trillion taxes last year, representing 82.38 per cent of government set target of N4.89 trillion. The…

View More ‘FIRS generated N4 trillion taxes in 2017’

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