Browsing Category
Business
NGX Investors Loose 220 Billion On Market Cap
By: Chiamaka Okechukwu
Business activities at the Nigerian Exchange Group, NGX closed on a negative note on Monday due to losses on medium capitalised stocks.
The bearish outcome led to a 390.68 basis points or 0.4 percent…
Nigerian Government Begins Distribution Of Grains To Cushion Economic Hardship
By: Mnena Iyorkegh, Abuja
The Nigerian government has Flagged off the distribution of 42,000 MT of grains to Vulnerable Nigerians as part of Government’s intervention programme to cushion the effect of the rising cost of food…
Lawmakers To Debate Hike In Electricity Tariffs
By: Gloria Essien, Abuja
The Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu has said that the House of Representatives will debate the propriety or otherwise of the recent hike in the electricity tariffs upon the…
Council Chairman Reiterates Strong Advocacy Of APC For Entrepreneurs
By: Chinwe Onuigbo, Awka
The Pro-Chancellor of Olivia University Burundi and Chairman of the Nigerian-Burundi Business Council, Paul Chukwuma, has reiterated that All Progressives Congress (APC) is a staunch advocate for…
NGX Group Plans N10bn Capital Raise Via Rights Issue
The Nigerian Exchange Group has indicated plans to raise about N10bn in additional capital via a rights issue.
In a notice of Annual General Meeting, the group, which houses the premier exchange in Nigeria said the proposal was subject…
Commission Applauds NERC’s Action Against AEDC For Billing Violations
By: Jennifer Inah
The Federal Competition and Consumer Protection Commission (FCCPC) has lauded the action taken by the Nigerian Electricity Regulatory Commission against the Abuja Electricity Distribution Company (AEDC) to…
Niger State Signs $114 Million Investment Deal With ECOWAS Bank
By: Nura Mohammed, Minna
The Niger State Government, North Central Nigeria, has successfully finalized a significant Memorandum of Understanding (MoU) with the ECOWAS Bank for Investment and Development.
This…
Gateway International Trade Fair: Ogun State Begins Sale Of Raffle Tickets
Sale of tickets for the raffle draw at the forthcoming 13th Gateway International Trade Fair has commenced.
A statement from the Special Adviser to the Governor on Industry, Trade and Investment, Mrs. Oluyemisi Somorin-Dawodu indicated…
Nestle Company Empowers Caterers, Hotel Owners In Enugu State
By: Chukwumerije Aja, Enugu
A food and beverage company, Nestle Professionals, an Out-of-Home arm of Nestle Nigeria Plc, have trained over 300 caterers, food vendors, hotel owners in Enugu, on food business skills to…
Commission Fines Electric Distribution Company Over New Tariff Order
By: Chioma Eche, Abuja.
The Abuja Electricity Distribution Company, (AEDC), has been fined N200 million by the Nigerian Electricity Regulatory Commission, (NERC), for applying the new tariff to all customer bands in its…