Business

WHITE Dove Shipping Company Limited has disclosed that its pioneering efforts in Alternative Crude Evacuation which is mitigating crude theft and other losses arising from pipeline vandalism has positioned it as the preferred local shipping operator for oil and gas companies in the country. The company stated that despite the …

The Association of Master Bakers and Caterers of Nigeria has warned Nigerians of imminent bread scarcity as the industry continues to grapple with high cost of doing business and challenges. The association also gave a two-week ultimatum to the Federal Government to address various challenges facing the industry. The Chairman …

The United Nations General Assembly, in 2014, declared 15 July as World Youth Skills Day. The declaration was meant to celebrate the strategic importance of equipping young people with skills for employment, decent work and entrepreneurship. Since then, World Youth Skills Day has provided a unique opportunity for dialogue between …

The management of the Nigeria Customs Service has deactivated the Five Star Logistics Terminal from its operations portal over N97.3m assessment debts. This was announced on Friday via a statement signed by the acting National President of the Association of Nigerian Licensed Customs Agents, Kayode Farinto. The acting national president …

Nigeria’s inflation rate in the month of June 2022 increased to 18.60 percent on a year-on-year basis. The National Bureau of Statistics disclosed in its Consumer Price Index June 2022 report. The recorded increase in June is 0.84 percent points higher compared to the rate recorded in June 2021, which …

Imagine Global Holding Company Ltd, Imagine Global Solutions Ltd, Bamise Samson Ajetunmobi, and Elizabeth Anuoluwapo Ajetunmobi have been found guilty by a Lagos State High Court in Ikoyi. Justice Taofiquat Oyekan-Abdullahi ordered them to pay nearly N19 billion to victims of their alleged ponzi scheme on Thursday. The judge issued …

MultiChoice, a South African company, has been ordered by the Court of Appeal in Port Harcourt to sublicense some of its channels to Metro Digital. Metro Digital sued the operators of DStv and Gotv in Nigeria, citing the Nigerian Broadcasting Commission’s (NBC) code. Co-defendants were the NBC and the Federal …

On Tuesday, July 12 both Euro and U.S. dollar reached parity after nearly two decades of the former being superior to the latter. As at Tuesday, 1 EUR equals 1 USD. The shift means European companies and consumers will pay more for the goods and services they import, while European …

Tein Jack-Rich, a  presidential aspirant under the All Progressives Congress (APC), in the last National Convention of the party, says only an economic liberalisation strategy will help Nigeria overcome its current challenges. Jack-Rich said to achieve this, policymakers must award deep tax cuts, and promote sectoral economic stimulus through soft …

Building and structural collapses with attendant casualty figures and economic losses have almost assumed the status of recurring menace in Nigeria, to the extent that efforts of various regulatory bodies have barely scratched the surface. Nigerians have always been the worse for it as it has become a common experience, …