The Nigerian bottling company (NBC) Ltd has said that within the period of 2008 to 2013 it paid the sum of N33 billion as electricity bills. This was disclosed by the head of Public Affairs Communication, Mr. Uzo Odenigbo in an interactive session, with journalist in Owerri, the Imo state capital. Odenigbo explained that, the…
The Bank of Industry (BOI) has denied reports that it received $200 million Entertainment/Nollywood Fund from the administration of President Goodluck Jonathan, for the development of Nigeria’s entertainment industry. In a statement it issued on Friday, the bank described as untrue a news report calling for the probe of the bank on the premise that…
The Director General of the Nigerian Civil Aviation Authority (NCAA), Capt. Muhtar Usman, has said that the decision to immediately commence a comprehensive audit of all the airlines operating in the country is to forestall complacency among the airline operators. The directive to audit all the domestic airlines operating in the country is coming on…
Abuja Chamber of Commerce and Industry (ACCI) has urged the Federal Government to develop a well articulated Industrial Revolution Plan (IRP) and the Enterprise Development Programme (EDP) aimed at ushering in a new era for industrial sector development in Nigeria. President of ACCI, Tony Ejinkeonye, who made the call while addressing newsmen in Abuja, said…
In this special report, third of five parts, Andrew Airahuobhor, Bamidele Ogunwusi, Sola Alalabadan, Oyeniran Apata, Nkasiobi Oluikpe examines government’s implementation of the newly introduced Treasury Single Account (TSA), a centralised cash position of the treasury, where the revenues of all Ministries, Departments and Agencies (MDAs) are consolidated and all cash outflows (payment and transfers)…
After about a week of closing in the red, the Nigerian equities market on Tuesday experienced a rebound when two major market indicators, the All-Share Index and Market Capitalisation, appreciated by 0.67 per cent. The All Share Index appreciated by 203.18 basis points or 0.67 percent to close trading at 30,112.62 points compared with 29,909.44…
Guaranty Trust Bank Plc has been awarded triple International Organisation for Standardisation Certification, which comprise of ISO/IEC 27001- for Information Security; ISO 20000 – for IT Service Management and ISO 22301 – for Business Continuity Management. The award also came along with PAS 99:2012 Integrated Management System certification by the British Standard Institute (BSI). A…
The Central Bank of Nigeria (CBN) has accredited Nigeria Security Printing and Minting Company Plc, Tripple Gee and Company Plc, Superflux International Limited, Euphoria Group Limited and Papi Printing Company Limited to print cheques and other debit paper instruments for the 23 banks in the country. The CBN explained that the certification of the five…
Shoprite Holdings Limited plans 14 new stores in Nigeria within the next 20 months as well as build a distribution centre in the country, chief executive, Whitey Basson said on Tuesday in Johannesburg. Going forward, he said the company intends to move goods faster as imports into Nigeria can be delayed in ports for up…
Lekoil, the oil and gas exploration and development company with a focus on Nigeria and West Africa, has said that based on slight interruption in its activities at the Otakikpo-002 field, first oil from the field would now be expected to flow from the field to the Early Production Facility (“EPF”) by the end of…
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