Business

Vice President Yemi Osinbajo says the federal government has set up a task force to monitor the top 20 debtors on the list of the Asset Management Corporation of Nigeria (AMCON). According to a statement released by Laolu Akande, the vice president’s spokesman, the federal government said it has renewed …

Dr Olumuyiwa Alaba, a trade expert has urged the Federal Government to introduce electronic call-up system to sanitise truck movement for speedy decongestion of Apapa port. Alaba made the call while speaking with newsmen on Monday in Abuja at a roundtable organised by the Abuja Chamber of Commerce and Industry …

Transmission Company of Nigeria (TCN) has suspended and disconnected Port-Harcourt Electricity Distribution Company (PHEDC) from the electricity market. The suspension order was posted on TCN’s twitter handle @TCN _Nigeria on Monday, adding that the suspension took effect from Sunday. TCN said that the suspension order followed default by PHDC in …

Ondo State lawmakers have vowed not to approve the N30bn loan brought to it for approval by the state Governor, Rotimi Akeredolu, if the state House of Assembly complex is not renovated. Members of the Ondo State House of Assembly had asked the governor to repair the dilapidated complex for …

An International NGO, Edewor Peace, Security & Investment Initiative has commenced moves aimed at attracting Investors and Investment opportunities to some Delta communities. This was the focal point of discussions during the interactive session and Agreement signing event held at Ozue District in Okuovo Community, Elume in Sapele LGA of …

Some traditional rulers in the South-West have been accused of inviting herdsmen from foreign countries to settle in their domains. They allegedly harboured herdsmen from West African countries in the Oke Ogun area of Oyo State and other parts of Yorubaland. A former Director, Directorate of Military Intelligence, Col. Kunle …

The Central Bank of Nigeria (CBN) has injected 284.2 million dollars in the retail Secondary Market Intervention Sales (SMIS). The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja. Okorafor said the move was the latest round of mediation in the inter-bank foreign …

Dr Isa Pantami, a ministerial nominee has said that many investors are scared of investing in the country’s IT sector because the nation’s image has been badly portrayed, especially in the media. The nominee, who is currently the Director General of the National Information Technology Development Agency (NITDA) said this …

Ebonyi government has approved the payment of death and areas of repatriation benefits to deceased civil servants in the state, according to the Office of the Head of Service (HoS). Repatriation benefit is the allowance payable to retiring civil servants to cover their relocation expenses. The governor’s approval was contained …

Senate President Ahmed Lawan on Sunday said that the Ninth Senate would unravel the obstacle stalling payment of compensation to Niger government as regards part of its occupied land by the Federal Capital Territory. Lawan made this known in Minna at the grand reception and unveiling of Sen. Mohammed Musa’s …