Business
R1sixteen Kids: Nigeria’s number 1 inspirational t-shirt company for kids by kids

We really enjoy visiting the orphanage to give gifts to the children and coming up with design ideas, we love drawing and watching our mom bring the designs to life...

Guardian Nigeria Business
Illegal trade: FOU arrests 10 suspects, seizes 384 parcels of hard drugs

The Federal Operations Unit, FOU, Zone ‘A’ Lagos, of Nigeria Customs Service, NCS, has arrested 10 suspected smugglers on illegal trade, even as the Unit seized 384 parc...

Vanguard Business
Senate passage of PIB bill has heavy unproductive costs — Onovo

Original primary purpose was defeated by the breaking of the proposed PIB into about five parts and passing only one part, by the Senate. It is a first step towards the misali...

Vanguard Business
N7.44tn budget can’t pull economy out of recession — Financial expert

Government should even tell us the level of implementation of 2016 budget, because at present, 2016 appropriation bill is yet to be fully implemented The post N7.44tn budget c...

Vanguard Business
Paris Club refund: Inadequate funds delay further releases

Ifeanyi Onuba The limited inflow of revenue into the Federation Account as well as the ongoing reconciliation of states’ claims by the Federal Government has been identified...

Punch Business
To attract foreign investment, doing business must be made easier — Tinubu

In this interview with NIKE POPOOLA, the Managing Director, Scib Insurance Brokers, Mr. Shola Tinubu, who is also the Chairman, Planning Committee of the National Insurance Co...

Punch Business
Investors lose N780bn in three days

’Femi Asu The losses recorded by many stocks listed on the Nigerian Stock Exchange in the last three days of trading have wiped out a total of N780bn in investor wealth. The...

Punch Business
Lessons from co-founder of Apple, Steve Wozniak

I am one of those who firmly believe that small business enterprises whether technology related or not remain the sure way of creating millions of new jobs that the economy so...

Punch Business
Insurers target FG’s N350bn capital projects

Nike Popoola Operators in the insurance industry are seeking to insure the N350bn capital projects that the Federal Government plans to undertake in the 2017 budget. The Presi...

Punch Business
EU denies rejecting 24 Nigerian products

Anna Okon The European Union has denied reports that it rejected 24 Nigerian products. A report credited to the National Agency for Food and Drug Administration and Control tw...

Punch Business
Power: Consumers decry high electrocution, unstable supply

Electricity consumers are worried by the spate of electrocution and persistent instability in Nigeria’s power sector since it was privatised more than three years ago, OKECH...

Punch Business
SMEs capitalisation on NSE hits N11.46bn in three months

Stanley Opara The market capitalisation for the Small and Medium Enterprises quoted on the floor of the Nigerian Stock Exchange stood at N11.464bn ($37.4m) as of the first qua...

Punch Business
Bashar lauds port police on operational efficiency

The Tincan Island Command of Nigeria Customs Service, NCS, has commended the Assistant Commissioner of Police, ACP Toyin Agbaminoja, the outgoing Divisional Police Officer, DP...

Vanguard Business
Local contractors lose homes to banks over indebtedness

Some local contractors in the country have lost their homes to commercial banks that guaranteed their loans for the execution of the contracts following the failure by the Fed...

Vanguard Business
$1.2bn loan: UAE-based largest shareholder pulls out of Etisalat

Oyetunji Abioye and Ozioma Ubabukoh As the Etisalat Nigeria’s $1.2bn loan crisis continues to deepen, its United Arab Emirates-based largest shareholder, Mubadala Developmen...

Punch Business
FG begins special training for community tax officers

The Federal Government on Friday commenced training of 27 unemployed graduates that were recruited as Community Tax Liaison Officers to boost tax awareness. The Minister of Fi...

Punch Business
BoI, Ebonyi set up N2bn fund for MSMEs

The Bank of Industry and the government of Ebonyi State on Friday agreed to set up a N2bn fund for the development of the Micro, Small and Medium Enterprises in the state. The...

Punch Business
N’Assembly investigates alleged expatriate quota breach at ExxonMobil

Ife Ogunfuwa The National Assembly has commenced an investigation into an alleged breach of expatriate quota by the management of ExxonMobil Nigeria. The action was reportedly...

Punch Business
Halifield boss stresses importance of skill development

A talent development expert and Proprietress of Halifield School, Mrs. Halima Oke, has emphasised the importance of skill development, saying parents need to discover early an...

Punch Business
Nigeria may attain highest aviation safety rating by year-end

Maureen Ihua-Maduenyi Stakeholders have said that the country’s aviation industry may attain the highest global safety rating by the end of 2017, going by current developmen...

Punch Business
We intervened in Etisalat crisis to save jobs, asset stripping– CBN

Ifeanyi Onuba,Abuja The Central Bank of Nigeria on Friday said it intervened in the crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated loan of abo...

Punch Business
We intervened in Etisalat crisis to save jobs –CBN

Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Friday said it intervened in the crisis between Etisalat and a consortium of 13 Nigerian banks over a syndicated loan of ab...

Punch Business
Okomu Oil’s revenue rises to N14.3bn

The Okomu Oil Palm Company PLC says it recorded revenue of N14.3bn in 2016, as against N9.7bn recorded in 2015. The Chairman of Board of Directors, Okomu Oil, Mr Gbenga Oyebo...

Punch Business
Bayelsa seals NDDC’s office in Yenagoa over N336m tax liability

The Director of Compliance, Mr Robert Lokoson, who led the enforcement team, said the state government took the steps following fruitless efforts made to recover the outstandi...

Guardian Nigeria Business
Save Maritime Academy from imminent collapse, Group begs FG

Adelani Adepegba, Abuja Akwa Ibom youths under the auspices of the Conference of Oro Youth Leaders have called on Acting President Yemi Osinbajo to save the Maritime Academy...

Punch Business
We’ve not taken over Etisalat – Banks

The consortium of 13 banks involved in Etisalat Nigeria loan on Thursday refuted reports that they have taken over the operations of the company. A management source close to...

Punch Business
We’ve taken over Etisalat – Banks

The consortium of 13 banks involved in Etisalat Nigeria loan on Thursday refuted reports that they have taken over the operations of the company. A management source close to...

Punch Business
Import substitution: Cassava starch firm saves economy N1.22bn annually

PSALTRY International Company Limited, one of the investors in the Nigerian cassava industry, has said that the country has started benefiting from its investment as the impor...

Vanguard Business
Ghana ahead of Nigeria in aviation hub race

Ghana appears to be leading in the race for the aviation hub in the West African region, despite Nigeria’s comparative advantage.Whereas both West African neighbours current...

Guardian Nigeria Business
CBN engages Ogun farmers, SMEs on financial interventions

Financial Inclusion project got added boost on Tuesday, as the Central Bank of Nigeria (CBN), engaged Ogun State farmers and Small and Medium scale Enterprises (SMEs) operator...

Guardian Nigeria Business
Red Star Express shares business insights at ‘SME1000’ forum

Red Star Express Plc is set to host entrepreneurs and owners of Small and Medium Enterprises to a forum to give them support by sharing insights, information and industry advi...

Guardian Nigeria Business
Exclusive offer enhanced on Emirates’ economy class

Nothing endears passengers than an exhilarating experience on board flight. Most airlines have First class, Business class and Economy class sections, and yearn to give passen...

Guardian Nigeria Business
NICON Insurance hands over N13b assets to PTAD

About 28 landed properties valued at N13 billion have been handed over to the Pension Transitional Arrangement Directorate (PTAD), as a Pension Legacy Funds domiciled with th...

Guardian Nigeria Business
NITDA commends CAC, others on leveraging ICT for transparency

National Information Technology Development Agency (NITDA), has extolled the Federal Inland Revenue Service (FIRS), the Joint Admission and Matriculation Board (JAMB) and the...

Guardian Nigeria Business
Ethiopian Airlines orders 10 A350-900 aircraft

Ethiopian Airlines, the largest airline group in Africa, has placed an order for 10 additional Airbus A350-900 aircraft, enabling further development to its fast expanding lon...

Guardian Nigeria Business
FG to mobilise N2.5bn investment for YouWin SMEs

Ifeanyi Onuba, Abuja The Federal Government on Thursday said it would mobilise the sum of N2.5bn annually as equity investment through qualified fund managers for Small and Me...

Punch Business
Manufacturers battle rising freight, demurrage at seaports

Anna Okon Manufacturers who rely on imported raw materials for their factory processes have had to contend with rising freight and demurrage costs. According to them, the cost...

Punch Business
Osun cocoa industry now processes 20,000 tonnes daily

Femi Makinde, Osogbo The newly resuscitated Osun State Cocoa Processing Industry in Ede has started processing cocoa in line with the industrialisation plan of the current adm...

Punch Business
Expert explains why cassava farmers are poor

Anna Okon An expert at the International Institute for Tropical Agriculture, Mr. Kenton Dashiell, says low plant yield and poor agronomy practice is responsible for the poor s...

Punch Business
Overcoming Africa’s mining barriers

It’s my first time in Abuja, and my first time in Nigeria. You know we have a very close working relationship with the minister for mining in Nigeria, Honourable Dr. Kayode...

Guardian Nigeria Business
IBEDC to spend N5bn on asset, customer enumeration

’Femi Asu The Ibadan Electricity Distribution Company on Thursday stated that it would spend a total of N5bn to audit its assets and enumerate customers on its network, as p...

Punch Business
After two years, Osinbajo inaugurates privatisation council

Everest Amaefule, Abuja More than two years after the present administration assumed power, the Federal Government finally reconstituted the National Council on Privatisation...

Punch Business
Nigerian yam for export to UK, US next week

Okechukwu Nnodim, Abuja A total of 72 metric tonnes of yam will leave the shores of Nigeria for United Kingdom and the United States of America next week, the Federal Governme...

Punch Business
Homeowners’ scheme: Amosun wants corrupt officials exposed

Samuel Awoyinfa, Abeokuta Ogun State Governor, Senator Ibikunle Amosun, has urged property owners who subscribed to the state’s Homeowners’ Charter to expose any corrupt o...

Punch Business
FG electrifies 37 varsities, seven hospitals with off-grid power

Okechukwu Nnodim, Abuja The Federal Government on Thursday announced that it had commenced the electrification of 37 federal universities and seven teaching hospitals using of...

Punch Business
Nigeria positions N100b sukuk as gateway for investors

The Securities and Exchange Commission (SEC), on Tuesday, announced that the proposed issuance of Nigeria’s N100billion, 7-year Sukuk, would not only facilitate the mobilisa...

Guardian Nigeria Business
LASG pledges waivers on import, export licences

Anna Okon The Lagos State Government has promised to grant prospective investors complete tax holiday from federal, state and local government taxes, rates customs duties and...

Punch Business
Venatius advises FG on laboratory equipment production

Nike Popoola Venatius Nigeria Limited says using local materials in the production of laboratory equipment will enhance the Federal Government’s quest to provide adequate su...

Punch Business
Food security: Ogun gets 20,000 tonnes of fertilizer

Samuel Awoyinfa, Abeokuta The Ogun State Government says it has taken delivery of 20,000 tonnes of fertilizer meant to boost food production across the state from the Presiden...

Punch Business
NB targets 60% local raw materials

Anna Okon The Nigerian Breweries Plc has announced plans to achieve a 60 per cent local material sourcing by 2018. According to the brewer, this move is aimed at looking inwar...

Punch Business
A’Ibom govt spends N3.3bn on fertilizer

Etim Ekpimah, Uyo The Akwa Ibom State Government has spent N3.3bn to procure 30,000 metric tonnes of fertilizers from the Federal Government, the Commissioner for Agriculture,...

Punch Business
‘Poor infrastructure may hinder ease of doing business’

Anna Okon Logistics, oil and gas conglomerate, SIFAX Group, says lack of critical infrastructure may hinder the success of the Federal Government’s drive at improving the ea...

Punch Business
Africa’s mobile phone market declines in Q1 2017 - IDC

The overall mobile market in Africa was up 8.4%, primarily due to feature phone shipments. Overall mobile phone shipments for the first quarter of the year in Africa totalled...

Guardian Nigeria Business
Nigeria leads as Africa adds nine million new mobile subscriptions

With about three million new mobile subscribers added to Nigeria in quarter one (Q1), 2017, the country has led Africa to fresh nine million subscriptions, reaching a total of...

Guardian Nigeria Business
ART rallies agencies for ‘ease of doing business’ at airports

Aviation Round Table Initiative (ART) has rallied various agencies in the aviation sector behind the successful implementation of the Executive Order to enhance ease of doing...

Guardian Nigeria Business
Accenture, Microsoft partner on blockchain-based digital ID network

Accenture Plc and Microsoft Corp are teaming up to build a digital ID network using blockchain technology, as part of a United Nations-supported project to provide legal ident...

Guardian Nigeria Business
Conoil posts N85.02b revenue, N2.84b profit

Amid harsh operating environment, Conoil plc, posted a revenue of N85.02 billion in its 2016 operations against N82.9 billion achieved in the corresponding period in 2015...

Guardian Nigeria Business
BPE gives 60 days lifeline for commodity change

The Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh yesterday gave Lead Capital Consortium 60 calendar days deadline at the kick-off meeting of...

Guardian Nigeria Business
FAAC disburses N418.8bn to FG, states, LGs in May—NBS

THE Federation Account Allocation Committee, FAAC, disbursed N418.82 billion to the three tiers of government in May 2017 from the revenue generated in April 2017, according a...

Vanguard Business
BoI renews commitment to agro-processing financing

The Bank of Industry (BoI) has pledged more funding support to industrialists in Edo State to enable them to create value for their agricultural produce.The Managing Director...

Guardian Nigeria Business
NCAA urges public to desist from giving bribes, corrupt practices

Nigerian Civil Aviation Authority (NCAA) has urged members of the public, especially travelers, to desist from the act of giving tips and bribes to officials at the airport...

Guardian Nigeria Business
MainOne plans to become largest internet hub in West Africa

Following the partnership of MainOne’s Data Center company, MDXi, with the Nigerian Internet Exchange, (IXPN) to improve national transit traffic in Nigeria, the company has...

Guardian Nigeria Business
Tap local resources to end recession, NIPC urges investors

The Nigerian Investment Promotion Commission (NIPC), has charged wealthy Nigerians to tap into the resources available in the country to end the economic recession...

Guardian Nigeria Business
Diamond’s Atlas Mara to raise US$200m in revival plan, eyes Nigeria

Bob Diamond’s African investment vehicle Atlas Mara said it is raising US$200m from Fairfax Africa and existing shareholders to kick-start the bank after a tough three years...

Guardian Nigeria Business
Deloitte seeks increase in capital expenditure to 50%

With the kick-start of 2017 budget implementation, the Lead Partner, Deloitte West Africa, Mr. Yomi Olugbenro, has called on the Federal Government to take step to increase ca...

Vanguard Business
Etisalat, lenders disagree over $1.2bn loan repayment

Akinpelu Dada and Ozioma Ubabukoh The controversies surrounding Etisalat Nigeria’s indebtedness to a consortium of 13 banks deepened on Thursday with the telecoms firm insis...

Punch Business
Julius Berger eyes oil, power deals in Nigeria

’Femi Asu with agency report Julius Berger Nigeria Plc, the largest construction company in Nigeria by market value, plans to acquire oil assets and expand into the power in...

Punch Business
Finally, NNPC pays N450bn Federation Account debt

Ifeanyi Onuba, Abuja The Nigerian National Petroleum Corporation has finally offset its indebtedness of N450bn to the Federation Account. The Permanent Secretary, Federal Mini...

Punch Business
How entrepreneurs can leverage support channels

Babatunde Fajimi Entrepreneurs should invest in themselves and be prepared to find the right information to leverage on support channels capable of translating their dream bus...

Punch Business
Five ways to improve online banking security

Online banking, by computer or phone, is now as common a way to access your accounts as stopping at an Automated Teller Machine, with many bank depositors making it a habit, a...

Punch Business
Understanding the basics of online banking

One of the features most banks are offering these days is the option to enroll in online banking. Whenever you are faced with a new financial product that you are unfamiliar w...

Punch Business
Conoil posts N2.84bn after-tax profit

Conoil Plc has declared a profit after tax of N2.84bn for 2016, up from N2.3bn the previous year. The company said in a statement that its financial performance showed persist...

Punch Business
May & Baker, 44 others push stock market lower

’Femi Asu The market capitalisation of listed equities on the Nigerian Stock Exchange fell further on Thursday as 45 firms, including 15 banks, recorded price decline. The N...

Punch Business
FAAC: NNPC completes refund of N450bn to FG, States, LGs

The Nigeria National Petroleum Corporation has completed the refund of N450bn to the federation account, to be shared among the federal, states and local governments. The Perm...

Punch Business