The Federal Government through the Nigerian Electricity Regulatory Commission has increased the tariff payable by power consumers across the country. Findings from various documents obtained from the NERC on Wednesday in Abuja showed that beginning from next year, power consumers will have to pay an additional sum of between N8 and N14 for every kilowatt-hour…
Governor Seyi Makinde of Oyo State has revealed plan by his Government to create conducive environment for businesses within the State to thrive. The governor also revealed that the present administration’s plan to restore Bola Ige International Business Complex, Gbagi, Ibadan back to international standard as provided in the master plan of the market. This…
In a released 2017 KPMG CEO Outlook, Alhaji Aliko Dangote, President of the Dangote Group, provides insight into his business success. Dangote Group, one of the leading diversified business conglomerates in Africa, generates revenues in excess of US$3 billion and employs more than 26,000 people, with business interests as diverse as cement, sugar, pasta, natural…
The Asset Management Corporation of Nigeria (AMCON) has taken over Bao Yao Futurlex Iron & Steel Company Limited in Abuja and Bao Yao Huan Jian Iron & Steel, Calabar, Cross River State over a N3.6 billion debt owed the corporation. This was the judgment recently delivered by Justice Binta Nyako of the Federal High Court….
Governor Seyi Makinde of Oyo State have emerged the richest governor in Africa at the time of taking oath of office having declared assets worth an excess of 130 million dollars, recent finding revealed. He overtook Abubakar Sani Bello, the governor of Niger state, the son of of the billionaire businessman Mohammed Sani Bello to…
An operator of Point of Sale (POS) machine under the business registered name, Twistwell Multiventures, Mr Joseph Okodua, has charged a payment system service provider in Nigeria, Unified Payment Services Limited (UPSL) to court for non-remittant profit of N2.6million. Twistwell Multiventures brokered business transaction agreement with Unified Payment Services Limited in which POS machine in…
The Central Bank of Nigeria (CBN) yesterday asked bank customers to report any commercial bank that rejects dirty, soiled, worn out, defaced or mutilated naira notes for sanction. CBN Director, Currency Operations Department Mrs. Pricilla Eleje, passed the message to bank customers during the launch of the Clean Note Policy and Banknote Fitness Guidelines in…
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