Business

Kerosene supply have reportedly dropped in recent weeks, causing the price of the product to shoot up to about N300 per litre in many parts of the country. There are also strong indications that despite the recent liberalization of the fuels market, many marketers had yet to start importing kerosene …

‎A federal high Court has ordered AMCON to take over Senator Ben Bruce’s Silverbird Galleria in Lagos over N11Billion Debt. The Galleria has been shut down.More photos below… ‎    

Linda Ikeji might soon be in a running battle with the Lagos Inland Revenue Service over an alleged tax evasion. It was learnt that  moves to track her down started about a month ago but all attempts by the agency were said to have been frustrated. According to Capital Ng …

The officials of ABUJA Municipal Area Council (AMAC), yesterday sealed the Discovery Mall located at Adetokunbo Ademola Crescent, Wuse 2, Abuja over unpaid tenement rate of N3.5million. According to our reporter who was at the venue, law enforcement agents ordered business owners as well as customers out of the mall. …

The Lagos State Government and the City of Dubai on Monday entered into a historic partnership that will see Lagos emerge as the first Smart City in Africa. The Memorandum of Understanding (MoU) for the Lagos Smart City was signed at the Emirate Towers, Dubai by the Lagos State Attorney …

As part of efforts to enhance its operations, the Economic and Financial Crimes Commission is in the process of recruiting qualified Nigerians into its Service. Screening of prospective employees commenced in all the zonal offices of the Commission today, Monday June 20, 2016.‎ Members of the public are, however, warned …

The naira plunged against the US dollar on Monday after Nigeria’s government scrapped its fixed exchange rate and allowed market forces to determine the currency’s value. “Trading started at 9:00 am (0800 GMT) this morning. All the 24 commercial banks are participating. The offer is 249 to 265 naira to …

The Workers of the Ministry of Finance on Monday embarked on a protest. They are demanding the removal of the Minister of Finance, Kemi Adeosun. Their grouse, it was learnt, is over the non-payment of what they termed their allowances, which amounted to N1.2 billion. They equally accused Adeosun of …

The  Central Bank of Nigeria (CBN) has said it will allow the naira exchange rate to be market-driven, setting the stage for a devaluation of the currency when the new system comes into effect June 20. CBN said it will select a group of around 10 primary dealers through which …

Nigerians might experiment fuel scarcity again as the owners of Mega Petrol Filling Stations have threatened to shut down operations following an alleged imposition of a lower pump price on them by the Nigeria National Petroleum Company (NNPC) .This was revealed at a briefing held by the Mega Filling Station …