It is exactly three days after Nigeria’s Presidential election. Tension is high; uncertainty persists in the country. The long wait for the final result creates anxiety, especially among business owners. The major contenders are Bola Tinubu of the All Progressives Congress, APC, Alhaji Atiku Abubakar of the Peoples Democratic Party, …
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New global shipping treaty to unlock $30b investment
The Ballast Water Management (BWM) Convention of the International Maritime Organisation (IMO), is poised to unlock an unprecedented estimated private sector investment of about $30b in the next few years. The BMW was adopted in order to control and manage ships ballast and sediments. This will help reduce the harmful …
Read More »Markets open as traders boycott IPOB’s sit-at-home order
The sit-at-home order by pro-Biafra groups, especially the Indigenous People of Biafra (IPOB) and the Movement for the Actualization of Sovereign State of Biafra (MASSOB) was boycotted in Imo State Friday. Markets, schools, government offices, as well as other public places were opened for business against the directive of the …
Read More »Unilever Nigeria plc’s PAT run rate improves in Q4 over Q3
Unilever Nigeria Plc released its results for the year ended 31st December 2015 where it recorded a considerable leap in Profit After Tax (PAT) from its third quarter (Q3) 2015 position of N141million to close the year with PAT of N1.19billion. The company also recorded turnover of N59.2 billion for …
Read More »Why Ekiti govt shuts down abbatoir
Butchers in Ekiti State on Friday trooped out in their hundreds to protest the imposition of new tax and closure of all abattoirs by Governor Ayo Fayose’s administration. Government had imposed a tax of N1, 000 on each cow slaughtered in the state, but the butchers refused to pay the …
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