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Category: Business

Business News

BUA to Dangote: You’re desperado, misrepresenting govt

National Ambassador.December 24, 2017 BUADangote

The management of BUA International Limited has accused Dangote Group Plc of sending false information to the public relating to the dispute between it and…

View More BUA to Dangote: You’re desperado, misrepresenting govt
Business News

‘Nigeria’s economy still vulnerable despite exiting recession’

National Ambassador.December 23, 2017 IMFNigeria Ecconomy

The International Monetary Fund (IMF) says the economy of Nigeria is still vulnerable in spite of the country exiting recession. In a statement by Raphael…

View More ‘Nigeria’s economy still vulnerable despite exiting recession’
Business News

Yuletide: Prices of commodities soar in Bayelsa

National Ambassador.December 22, 2017 BayelsaCommoditiesYenagoa

The prices of beans, yams, rice, onions and tomatoes, have soared in Yenagoa, Bayelsa, the News Agency of Nigeria (NAN) reports. Some traders, who spoke…

View More Yuletide: Prices of commodities soar in Bayelsa
Business News

2018 BUDGET SPEECH BY GOVERNOR OKEZIE VICTOR IKPEAZU OF ABIA STATE

National Ambassador.December 22, 2017 Abia state 2018 budget

GOVERNMENT OF ABIA STATE 2018 BUDGET SPEECH PRESENTED BY OKEZIE IKPEAZU PhD, GOVERNOR, ABIA STATE TO THE STATE HOUSE OF ASSEMBLY ON FRIDAY 22ND DECEMBER,…

View More 2018 BUDGET SPEECH BY GOVERNOR OKEZIE VICTOR IKPEAZU OF ABIA STATE
Business News

Manufacturer seeks ban on paint importation

National Ambassador.December 22, 2017 paint importationPaint Manufacturers Conference

The Managing Director of Intercontinental Paints Ltd., Mr Aigbe Omoregie, on Friday advised the Federal Government to ban importation of paints as part of initiatives…

View More Manufacturer seeks ban on paint importation
Business News

Taraba proposes N96.5bn for 2018 fiscal year

National Ambassador.December 22, 2017 2018 BudgetDarius IshakuTaraba

Gov. Darius Ishaku of Taraba on Thursday presented a budget proposal of N96.5 billion to the state legislature for 2018 fiscal year. While laying the…

View More Taraba proposes N96.5bn for 2018 fiscal year
Business News

FG will reduce borrowing cost – DMO

National Ambassador.December 22, 2017 Debt Management OfficePatience Oniha

The Federal Government will implement prudent fiscal and debt management in the coming years to reduce the nation’s debt cost, the Debt Management Office (DMO)…

View More FG will reduce borrowing cost – DMO
Business News

Customs hits N1trn highest revenue collection – Official

National Ambassador.December 21, 2017 Hameed AliNigeria Customs Service

The Nigeria Customs Service (NCS) has recorded its highest revenue collection ever of over N1 trillion as against N770 billion target set for 2017. The…

View More Customs hits N1trn highest revenue collection – Official
Business News

Bank of Japan holds rates as inflation remains low

National Ambassador.December 21, 2017 Bank of JapanHaruhiko Kuroda

Bank of Japan (BOJ) Governor Haruhiko Kuroda gestures during a press conference at the BOJ headquarters in Tokyo on December 21, 2017. The Bank of…

View More Bank of Japan holds rates as inflation remains low
Business News Politics

Senate challenges Adeosun on passage of 2018 budget

National Ambassador.December 20, 2017 Kemi AdeosunNigerian Senate

The Senate on Tuesday challenged the Minister of Finance kemi Adeosun, on Federal Government’s insistence on passing the 2018 Budget in January when less than…

View More Senate challenges Adeosun on passage of 2018 budget
Business News

EFCC: How we overpowered thugs of Innoson Motors CEO before arresting him

National Ambassador.December 19, 2017 Innoson Motors

The Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of Innocent Chukwuma, chief executive officer (CEO) of Innoson Group. A news published on…

View More EFCC: How we overpowered thugs of Innoson Motors CEO before arresting him
Business Metro/Crime News

Innoson Motors CEO arrested by EFCC

National Ambassador.December 19, 2017 EFCCInnoson

Operatives of the Economic and Financial Crimes Commission (EFCC) have allegedly arrested Innocent Chukwuma, chief executive officer (CEO) of InnosInnosonon Group. In  a series of tweets…

View More Innoson Motors CEO arrested by EFCC
Business News

Yuletide: NSE market indices drop further by 0.52%

National Ambassador.December 19, 2017 Nigerian Stock Exchange

The market indicators of the Nigerian Stock Exchange (NSE) on Tuesday dropped further by 0.52 per cent due to profit taking ahead of the Yuletide…

View More Yuletide: NSE market indices drop further by 0.52%
Business News

Jigawa disburses N57.4m grant to 5,740 SME holders

National Ambassador.December 19, 2017 Jigawa StateSMEs

The Jigawa Government has commenced the disbursement of N57.4 million grants to 5,740 small-scale business holders across the state. Alhaji Muhammad Mujaddadi, the Special Adviser…

View More Jigawa disburses N57.4m grant to 5,740 SME holders
Business News

Australian coy to assist Nigeria check illegal mining

National Ambassador.December 19, 2017 AustralianBlockchain Technology

An Australian Company, Africa Mutual Resources, has solicited the support of Federal Government on “Blockchain Technology” to track illegal mining in the country. Blockchain is…

View More Australian coy to assist Nigeria check illegal mining
Business News

State by state share of Paris Club refund

National Ambassador.December 19, 2017 Paris Club refund

The federal government has released a state-by-state breakdown of another tranche of Paris Club refund. The money was released alongside the allocations from the Federal…

View More State by state share of Paris Club refund
Business News

NSE market indices drop by 1.18%, amid profit taking

National Ambassador.December 18, 2017 Dangote cementLafarge groupNigerian Stock Exchange

Transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday in red as market indices, turnover and value traded dropped massively due…

View More NSE market indices drop by 1.18%, amid profit taking
Business News

States get Paris Club refund, FAAC allocation at once -Olubunmi

National Ambassador.December 17, 2017 Ayo FayoseFAAC allocationOlubunmi Siyanbola

Olubunmi Siyanbola, a director at the ministry of finance, says 27 states have received the balance of the Paris Club refund. Siyanbola made this known…

View More States get Paris Club refund, FAAC allocation at once -Olubunmi
Business News Politics

Fear fueling resistance to restructuring , says Ekweremadu

National Ambassador.December 17, 2017 Ike Ekweremadu

Ike Ekweremadu, Deputy President of the Senate, has said fear of the unknown, especially how to survive in the absence of free oil money, is…

View More Fear fueling resistance to restructuring , says Ekweremadu
Business News Politics

FAAC: FG, States N77.25 billion richer in November

National Ambassador.December 16, 2017 FAAC

The Federation Account Allocation Committee (FAAC) has distributed N609.95 billion to Federal, States and Local Government as revenue generated in November. This is N77.25 billion…

View More FAAC: FG, States N77.25 billion richer in November
Business News Politics

Oyo state presents N267b budget for 2018

National Ambassador.December 15, 2017 Abiola AjimobiOyo State

Oyo state’s N267 billion budget of “Stabilisation’’ has been presented to the House of Assembly for approval for the 2018 fiscal year. The budget was…

View More Oyo state presents N267b budget for 2018
Business News

Ugwuanyi bans manual collection of state revenues

National Ambassador.December 15, 2017 Enugu StateIfeanyi Ugwuanyi

In its bid to realise  the ongoing reform programmes in the Enugu State Internal Revenue Service, the governor Ifeanyi Ugwuanyi, yesterday banned all forms of…

View More Ugwuanyi bans manual collection of state revenues
Business News

Bank of England holds interest rate at 0.5%

National Ambassador.December 14, 2017 Bank of EnglandUK inflation

The Bank of England kept its key interest rate at 0.5 percent at its final meeting of the year, it said Thursday while keeping an…

View More Bank of England holds interest rate at 0.5%
Business Metro/Crime News

10 firms in trouble over $250m oil money

National Ambassador.December 14, 2017 DPRNNPC

The House of Representatives Committee on Oil and Gas is investigating 10 oil companies for alleged failure to remit $250 million to the federal government.…

View More 10 firms in trouble over $250m oil money

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