Business

United Kingdom Finally Accepts Naira Payments For Transactions

5 days ago Admin 0
Britain’s export finance agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with Read More

ALSCON: BFIG Writes Fayemi, Threatens Legal Action Over Rusal Takeover

1 week ago Admin 0
BFIGroup has threatened legal actions against the Minister of Mines & Steel Development, Kayode Fayemi, and the Director-General, Bureau for Public Enterprises, BPE, Alex Okoh, over their continued defiance of the Supreme Court’s ruling on the Aluminium Smelter Company of Nigeria, ALSCON, Ikot Abasi. The Executive Vice President/General Counsel of BFIG, Jimmie Williams, wrote to Read More

Multichoice DSTV/GOTV To Shut Down June 2019

2 weeks ago Admin 0
The Federal Government may have notified the management of MultiChoice DSTV/GOTV that their operations, in Nigeria, will come to an end in 2019 as their license expires June next year. According to a letter to that effect issued, on Tuesday, by the Nigerian Broadcasting Corporation(NBC), the license issued to them in 2014 by NBC will Read More

Man Uses Pure Water Nylon To build Bags, Shoes, Rain Coats & Others In Lagos

2 weeks ago Admin 0
Olayemi Oluwabamigbe Samson is an entrepreneur. He’s enthusiastic to see that people have a more suitable environment to live in our world. According to Olayemi, the initiative is a tripod cycle initiative aiming at a long-term plan to see that every pure water nylon becomes valuable even after usage. The strategic plan of the initiative Read More

PHOTOS: 2018 Lexus RX L Released With Third Row Seat

3 months ago Admin 0
Families will now be able to enjoy more space with their luxury utility vehicle thanks to the new three-row Lexus RX L models. The RX created the luxury crossover segment 20 years ago and has reigned supreme as the most popular luxury utility vehicle on the market. The 2018 RX 350L and RX 450hL models Read More

Salesman Steals N3.5m, Stakes It In MMM And Loses It

3 months ago Admin 0
The quest for quick and easy money has landed a 24-year-old salesman in court for stealing and staking N3.5 million in MMM, a Ponzi scheme. The salesman, John Okonkwo, who allegedly stole his employer’s N3.5 million and invested in the Mavrodi Mondial Movement (MMM) scheme, appeared before an Ojo Magistrates’ Court on Thursday. MMM is Read More

BVN: Banks that may suffer from deposit loss

4 months ago Admin 0
The biggest casualties in terms of deposit loss should the Federal Government go-ahead to implement court order on funds forfeiture for Bank Verification Number (BVN) non-compliant accounts will be the first generation banks, The Nation has learnt. These set of banks, according to an industry source who spoke anonymously, seem to have the largest number Read More

China hits market with 1.26b mobile phones

4 months ago Admin 0
China produced over 1.26 billion mobile phones in the first eight months of the year, including 932 million smart phones, according to the Ministry of Industry and Information Technology. The figures were announced at a summit on mobile innovation Thursday by Qiao Yueshan, with the ministry. According to the ministry, China produced about 1.3 billion Read More

Kanu Nwankwo launches N1b lotto

4 months ago Admin 0
Nigerian football legend Kanu Nwankwo has launched the N1 billion Jackpot Lotto to Support Kanu Heart Foundation which was inaugurated in 2000. Nwankwo Kanu The foundation has helped not just people in Nigeria, but also paid for 538 children to be treated at facilities throughout the world Kanu, a philanthropist launched the biggest lotto in Read More

Dangote employs youth graduates for rice farming in Kogi

4 months ago Admin 0
A multi-million Naira Youth Farming Initiative that will engage teeming unemployed Nigerian graduates in rice farming has been launched by the Dangote Rice Limited (www.Dangote.com) in Kogi State. This is even as the Company prepares to hit the market with One million metric tons of Dangote rice in 2018. The Dangote Youth Rice Farm project, Read More