Business

As the administration of President Muhammadu Buhari clocks 100 days , organised labour in the electricity sector has said the current power supply in the country is not sustainable even as it gives reasons Nigerians are experiencing improved power supply. Speaking through the National Union of Electricity Employees (NUEE), labour …

A Nigerian conman, Godwin Nwaofor, 36,who funded his expensive lifestyle by cheating pensioners out of their life savings wept in court as he was being jailed 7 years for his actions. He kept a ‘suckers list’ of potential victims to send bogus letters saying they had won the Australian Lottery.‎ The Nigerian national …

Things seem not to be going well for the management of Costain (West Africa) as workers have down tools. In demonstration of their displeasure over an alleged incorrigible treatment of workers by the management of Costain Plc., the staffs of the firm has called for the intervention of the Security …

‎Chocolat Royal on Etim Inyang Crescent in VI, Lagos is a well known and loved bakery, ice cream shop and cafe,until the law caught up with it over the exploitation of Nigerians it had made its habit. The National Agency for Food and Drugs Administration (NAFDAC) shut down outlets of …

A Professor of Computer Engineering at the Ambrose Alli University (AAU) Ekpoma, Edo State, Godwin Ighalo, has won the sum of N58,945,553, after placing bets with N800 under1960Bet. It is the biggest sum ever won in the history of sports betting in Nigeria. The sexagenarian accomplished the feat after placing …

The Assets Management Company of Nigeria (AMCON), in its debt recovery process has taken over a building belonging to a construction company,G.Cappa over its unpaid N1.2 Billion debt. The building is located at 8,Taylor road,Ebute-Metta, Lagos and it is in line with the order of the Federal high court in …

A Chinese state-owned engineering company, Sinoma, in partnership with Dangote Cement company, has signed a deal worth $4.3bn to build Cement factories in Nigeria.  The Chinese company also plans to build seven plants across the continent and one in Nepal.  The new factories are expected to add around 25 million …

The Central Bank of Nigeria has approved the request of the Deposit Money Banks (DMB) to provide funds to state governments to  pay the backlog of salaries owed their workers.  CBN said the approval was based on the it’s decision to collaborate with relevant stakeholders to consider ways of liquidating the outstanding staff …

The Standards Organisation of Nigeria has sworn to reduce the rate of sub-standard products in the country to 10 per cent before the end of the year from the 40 per cent it is presently. Director General and Chief Executive, Standards Organisation of Nigeria (SON), Dr. Joseph Odumodu, declared this …

The National Bureau of Statistics (NBS) has said a total sum of $47.4bn (about N9.4tn) was invested in the Nigerian economy by local and foreign investors between January 2013 and June this year. The bureau in the capital importation report, said the amount was invested under nine various categories of …