Business
Firm uncovers how attackers compromise companies’ software

Kaspersky Lab experts have discovered a backdoor planted in a server management software product used by hundreds of large businesses around the world...

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TCN secures $2billion to expand capacity to 20,000MW

The Transmission Company of Nigeria (TCN) has secured close to $2billion for the rehabilitation of national grid infrastructure and expansion of its transmission...

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Air Peace opens Lagos-Akure route for economic integration

Air Peace airlines has opened the Lagos-Akure-Lagos route to further enhance economic integration of the south west states and Nigeria through air transport...

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Sage launches new solutions to boost accounting processes

Sage, market and technology leader for integrated accounting, payroll & HR and payment systems, has launched Sage One Payroll and Sage One Invoicing...

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Edo to partner Niger Delta Power Holding for power generation

Edo state Governor, Godwin Obaseki, has said that his administration is set to seal a partnership deal with the Niger Delta Power Holding Company (NDPHC)...

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PHCCIMA urges value addition for member businesses

The Port Harcourt Chamber of Commerce and Industry, Mines and Agriculture (PHCCIMA), has said it will continue to prioritise processes that will generate greater value for mem...

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Lagos decommissions over 95 illegally installed telecom masts

Lagos State Government, through State Infrastructure Maintenance and Regulatory Agency (LASIMIRA), has decommissioned over 95 telecommunication masts...

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Dangote Cement, Flour Mills, others lift NSE’s indices by N74b

Following share price gains recorded by major highly capitalised stocks, especially Dangote Cement and Flour Mills, trading on the Nigerian Stock Exchange...

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Arik Air migrates to Hitit passenger service solution suite

Arik Air has completed the migration of its passenger service arm to Hitit Crane Solution Suite, becoming the eighth African airline to partner with the service management com...

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NCC seeks corporate governance to protect $68bn telecoms investment

Nigerian Communications Commission (NCC) has mandated all Mobile Network Operators (MNO) and Internet Service Providers (ISP) to fully integrate the industry’s Code of Corpo...

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NAMA advocates synergy of flight information regions

Nigerian Airspace Management Agency (NAMA) has advocated an enhanced synergy among Flight Information Regions (FIRs) within the African and Indian Ocean Region...

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NCC to punish telcos over pre- registered sim cards

Nigerian Telecommunications Commission (NCC) has ordered mobile telecommunications firms to block pre-registered SIM cards, believed to be what criminals...

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Settlement delays, inoperative issuers hobble pos penetration

Stakeholders in the electronic payment ecosystem have identified delay in settlements by some banks as well as issuers not being operative...

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TEXA to showcase opportunities for African businesses

Trade Expo Africa (TEXA), a B2B trade show, has concluded plans to host its conference targeted at African small business owners and business professionals in Houston Texas, i...

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Mining company expresses shock, disappointment over minister’s action

Following the shut down of Solid Unit Nigeria Ltd at Kampany Zurak in Wase Council of Plateau State on 14th August for allegedly engaging in illegal mining...

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CRD moves to address multiple taxation in courier industry

COURIER Regulatory Department (CRD) of the Nigerian Postal Services (NIPOST) has entered into Memorandum of Understanding (MOU) with Lagos State...

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World Quality Alliance harps on standard in business environment

World Quality Alliance has said that deploying quality approaches in organizational activities remain prerequisite for creating a sustainable business...

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L5 Lab wins PEBEC technology solution bid

The federal government has announced L5 Lab, as the preferred vendor for the production and provision of technical support services for its proposed Presidential Enabling Busi...

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Lafarge Africa, CCECC partner on safety practices in construction industry

Lafarge Africa Plc and China Civil Engineering Construction Corporation (CCECC) have partnered on a safety awareness programme for over 100 CCECC employees...

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NITDA coordinates national PKI implementation

National Information Technology Development Agency (NITDA) it has taken steps to harmonise Public Key Infrastructure (PKI) related projects in Nigeria, in fulfilment of the ma...

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SON to introduce product authentication scheme

STANDARDS Organisation  of Nigeria (SON) has engaged the services of MSP Secure Technologies Nigeria Ltd, the Nigerian affiliate of an international security printing outfit,...

Vanguard Business
N200bn Agric loan: CBN orders beneficiaries to insure projects with NAIC

THE Central Bank of Nigeria (CBN) has ordered beneficiaries of the N200 billion Commercial Agricultural Credit Scheme (CACS) to henceforth obtain insurance cover for their pro...

Vanguard Business
Customs intercepts vehicles, others worth N1.4bn DPV

THE Federal Operations Unit (FOU) Zone ‘A’ of the Nigeria Customs Service (NCS), has intercepted smuggled vehicles and other items with Duty Paid Value (DPV) of N1.4 billi...

Vanguard Business
TSA: FG appoints 2 firms to audit banks’ remittances

ABUJA—The Federal Government has appointed Pricewaterhouse Cooper as well as Ernst and Young for a comprehensive audit of deposit banks’ remittances to the Treasury Single...

Vanguard Business
Lekki Free Zone: Lagos State set to demolish illegal structures

LAGOS State Government said it will soon start demolishing all illegal structures on land within the Lekki Free Zone (LFZ). The post Lekki Free Zone: Lagos State set to demoli...

Vanguard Business
Concessionaires short-listed for Kirikiri lighter terminal

THE Acting Director-General of the Infrastructure Concession Regulatory Commission, ICRC, Mr. Chidi Izuwah, has said that concessionaires have been short-listed for concession...

Vanguard Business
TSA: FG begins audit of banks’ remittances to CBN

Ifeanyi Onuba, Abuja The Federal Government has commenced an independent audit of remittances of its funds into the Treasury Single Account by Deposit Money Banks. The TSA is...

Punch Business
Investors to build two refineries in P’Harcourt, Warri –NNPC

‘Femi Asu The Nigerian National Petroleum Corporation on Thursday said two private Nigerian companies had been selected to build two refineries in Port Harcourt and Warri un...

Punch Business
Manufacturing firms in hunt for cassava derivatives

Anna Okon Manufacturing firms in the food and beverage sector have increased their demand for cassava derivates to be used as supplement for sugar. This is even as health conc...

Punch Business
Lagos-Badagry Expressway reconstruction to claim LASU fence, two police stations

Rasheed Bisiriyu with agency report The contractor handling the reconstruction of the Lagos-Badagry Expressway, China Civil Engineering and Construction Company, has said that...

Punch Business
LCCI lauds Senate over engagement with private sector

Anna Okon  The Lagos Chamber of Commerce and Industry has commended the Senate for coming up with the initiative tagged the National Assembly Business Roundtable. The Directo...

Punch Business
How to be an outstanding entrepreneur

Babatunde Fajimi The pre-occupation of entrepreneurs is to ensure that their small businesses become visible, prominent and successful. Every business desires success Every sm...

Punch Business
Poultry sector starves as Nigeria exports grains

Anna Okon Amid increased demand and high prices of grains used as feed mill for the poultry industry, operators in the sector lamented the exporting of maize and soya beans to...

Punch Business
A.N unveils new solar power solutions in Nigeria

‘Femi Asu Alternatio Navitas, a Lagos-based company with presence in the United Kingdom and China, has unveiled its off-grid solar home system in Nigeria to meet the electri...

Punch Business
‘Offshore trade boosted Nigerian shares in June’

Stanley Opara Transactions on the country’s stock market rose by 7.13 per cent to N220.27bn ($699.3m) in June from a month earlier, lifted by increased flows from foreign in...

Punch Business
Equities rally, Eterna, Mobil, NAHCO top losers’ chart

Stanley Opara The Nigerian stock market, on Thursday, appreciated by N74bn with Eterna Plc, Mobil Oil Nigeria Plc, Nigerian Avation Handling Company Plc, Cement Company of Nor...

Punch Business
Stakeholders want FG to adopt PPP for port infrastructure development

STAKEHOLDERS in the maritime industry have called on the Federal Government to adopt the public-private partnership (PPP) model for the development of port infrastructure in...

Vanguard Business
Opening a current account

The days of hiding your money underneath your mattress are long gone. With the craziness of today’s hectic schedules, the dangers of leaving large sums of cash around unsecu...

Punch Business
Business ideas for food lovers

IFE OGUNFUWA writes on some food-related businesses entrepreneurs   can establish online Information sourcing has moved away from the bookstores and more people are using th...

Punch Business
Choosing between current and savings account

Nike Popoola Perhaps you think having a savings account is a nice, but unnecessary, banking option, you need to know the importance of a current and savings account and why yo...

Punch Business
Naira to weaken further as dollar demand increases

Oyetunji Abioye The naira is seen weakening against the United States dollar on the black market in the coming days as demand for the dollar increases. Stakeholders and indust...

Punch Business
Power distributors’ debts to market operator hit N120.7bn

Okechukwu Nnodim, Abuja The indebtedness of power distribution companies to the electricity market operator, in terms of stipulated remittances to the MO, has risen to N120.7b...

Punch Business
Dangote to invest $50bn in US, Europe

Stanley Opara with agency report Africa’s richest man, Aliko Dangote, plans to invest $50bn in the United States and Europe by 2025, in renewable energy and petrochemicals...

Punch Business
Govt inaugurates panel for €54m EU N’East support

Ifeanyi Onuba, Abuja The Minister of State for Budget and National Planning, Zainab Ahmed, has inaugurated members of Project Steering Committee for the European Union Assiste...

Punch Business
Turning lost presentation leads into closed sales

You can often make a pretty good meal, or two or three, out of leftovers. Have you ever turned leftovers from several prior days’ meals into a soup or stew? Or turned thanks...

Punch Business
C’River discovers new hot-and-cold water site

Mudiaga Affe, Calabar The Paramount Ruler of Yakurr, Obol Ofem Ubana Eteng, in Cross River State has disclosed that a hunter has discovered a hot-and-cold-water stream in Ugep...

Punch Business
Firm commends Lagos on housing, unveils N2.9m scheme

A real estate firm and owners of ABC Gardens and VIP, Pertinence Nigeria Limited, has commended the Lagos State Government for its efforts towards the provision of affordable...

Punch Business
Total invests $10bn in Nigeria’s oil sector in 5 years

Mr Nicolas Terraz, the Managing Director and Chief Executive, Total Upstream Companies in Nigeria, said the companies invested over 10 billion dollars in the country oil and g...

Guardian Nigeria Business
NIMASA reaches 96% ISPS compliance level, lists facilities on GISIS

THE Nigerian Maritime Administration and Safety Agency, NIMASA, has said that Nigeria is currently compliant to the International Ship and Port Security, ISPS, Code, following...

Vanguard Business
Naira falls against dollar

The naira on Thursday continued to fall against the dollar at the parallel market. The Nigerian currency lost one point to exchange at N368, weaker than N367 posted on Wednesd...

Punch Business
FG begins audit of TSA remittances by banks

Ifeanyi Onuba,Abuja The Federal Government has commenced an independent audit to ascertain the rate of compliance by Deposit Money Banks in the remittance of government funds...

Punch Business
Nigeria working to reduce cost of oil production to $15 per barrel – Kachikwu

The Minister of Petroleum Resources, Dr Ibe Kachikwu, has decried the high cost of oil production at $32 per barrel, saying it makes the cost of Foreign Direct Investment very...

Punch Business
Dangote Group disburses N850m compensation for sugar refinery project

Dangote Group has commenced the disbursement of more than N850m as compensation to land owners affected by its sugar refinery project in Tunga, Awe Local Government Area of Na...

Punch Business
Four documents that can increase  value of your car during sale

There is no gainsaying the fact that your car is an asset. Whether you are looking to get much needed cash to deal with an urgent problem or looking to just to upgrade to a ne...

Punch Business
Asia rally falters as dollar languishes

The dollar struggled to recover Thursday in the wake of dovish Federal Reserve minutes highlighting concern over low inflation and crumbling corporate support for US President...

Guardian Nigeria Business
SEC to begin phasing out Annual Reports before March 2018

The Securities and Exchange Commission, SEC, has said that more than N1 billion will be saved annually by listed companies as a result of the plan to stop the printing of Annu...

Vanguard Business
BoI disburses micro-credit loans to 7000 in Ogun

THE Bank of Industry (BoI) has disbursed over N450 million micro credit loans to more than 7,000 beneficiaries under the Federal Government’s Government Enterprise and Empow...

Vanguard Business
ECOWAS assesses Nigerian port facilities on security code

THE Economic Communities of West African States (ECOWAS) recently carried out an assessment of port facilities in Nigeria with a view to ascertaining the country’s level of...

Vanguard Business
FG to diversify economy with $41bn railway investment

Lekan Adetayo and Stanley Opara The Federal Government has started a $41bn railway expansion to reduce dependence on oil and diversify the economy, the Minister of Transportat...

Punch Business
TSA: Govt saves N108bn from bank charges

Ifeanyi Onuba, Abuja The Federal Government has saved a total of N108.1bn from charges imposed by banks for managing funds belonging to its ministries, departments and agencie...

Punch Business
CBN’s power, airline interventions hit N277 billion

Development interventions by the Central Bank of Nigeria (CBN) in the power and aviation sectors have reached N277.4 billion cumulatively between September 2016 till June 2017...

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BoI unveils plans to upscale risk assets for small, medium firms

The Bank of Industry (BoI) has unveiled plans to leverage its existing partnership with commercial banks to build its risk assets from the current N600 billion to N1.2 trillio...

Guardian Nigeria Business
How to come up with business ideas

IT takes an idea to make your dream of having a business a reality. Big businesses all started from someone having an idea. An idea is the first milestone in your entrepreneur...

Vanguard Business
London stockbrokers eye investment opportunities in NCM

Stockbrokers on the London Stock Exchange (LSE) may be warming up to take advantage of Investment opportunities in the Nigerian Capital Market (NCM) to leverage its fast growi...

Guardian Nigeria Business
Lagos lauds STEM initiative

Sterling Bank’s pet project known as Sterling Environmental Makeover (STEM) has continued to get endorsements, as senior officials of the Lagos State Government joined in pa...

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CBN to license stockbrokers to access liquidity window

Efforts by the Securities and Exchange Commission (SEC), to address liquidity constraints in the capital market heightened yesterday, as the Commission unveiled plans to seal...

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UNIDO to strengthen SMEs’ capacity under new initiative

The United Nations Industrial Development Organisation (UNIDO) has embarked on capacity strengthening of SMEs as well as entrepreneurship development and support institutions...

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Visionscape gets Lagos support for environmental bond

A consortium of environmental companies led by Visionscape Sanitation Solutions, operating through an incorporated Special Purpose Vehicle, the Municipality Waste Management C...

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Government woos Ogoni artisanal refiners with modular refinery scheme

The federal government has urged artisanal refiners of crude oil in Ogoni, Rivers State, to form cooperatives and seek partners for the establishment of modular refineries...

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NSE’s market capitalisation plunges further by N343billion

The bears have continued to strengthen its hold on the equities sector of the Nigerian Stock Exchange, following price losses incurred by most highly capitalised stocks, as ma...

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PayU Nigeria introduces payment solution for recurring bills

PayU Nigeria has introduced PayU Subscription, a payment method which allows merchants to safely and securely collect payments from consumers who have recurring bills or subsc...

Vanguard Business
‘SMEs to benefit from Remita App’

THE newly launched Remita mobile application (App) by SystemSpecs will be of great benefit to Small and Medium Enterprises (SMEs), John Obaro, Managing Director of SystemSpec...

Vanguard Business
Firm partners women group to train upcoming entrepreneurs

LUCKY Fibers Plc, manufacturers of Nobel Carpets, in partnership with Prime Women Builders Foundation of Nigeria (PWOBFON), is organizing a vocational training for upcoming en...

Vanguard Business
Govt officials received N400bn bribes in one year – NBS

Ifeanyi Onuba, Abuja A total of N400bn was received in bribes by public officials within a period of one year, the National Bureau of Statistics said on Wednesday. The NBS sta...

Punch Business
Oil production cost drops by 71 per cent

Okechukwu Nnodim, Abuja The Nigerian National Petroleum Corporation on Wednesday said it had driven down the cost of crude oil production from $78 per barrel as of August 2015...

Punch Business
Minister accuses Nigerians, foreigners of illegal mining

Everest Amaefule, Abuja A few indigenes are colluding with foreign criminals to plunder Nigeria’s mineral resources, the Minister of Mines and Steel Development, Dr. Kayode...

Punch Business
MTN wants electronic listing, reopens talks with SEC

Stanley Opara The Securities and Exchange Commission has resumed talks with MTN Nigeria over the telco’s planned listing on the floor of the Nigerian Stock Exchange. The Dir...

Punch Business
Investors keen on modular refineries despite challenges

’Femi Asu After many years of lack of investment in private refineries in Nigeria, several local and foreign investors are keen to establish modular refineries in a bid to r...

Punch Business
Man, 32, bags six-month jail term for cable theft

’Femi Asu The Eko Electricity Distribution Company on Wednesday said the Yaba Magistrate Court in Lagos had sentenced a 32-year-old man, Ismaila Mabodu, to six-month impriso...

Punch Business
Indiscriminate dumping of refuse polluting waterways —Osoba

Anna Okon A former Governor of Ogun State and director at the Africa Circle Pollution Management Company Limited, Chief Segun Osoba, has said that refuse dumped indiscriminate...

Punch Business
Downstream oil sector needs full deregulation –Chukwudozie

The Chairman, Dozzy Oil and Gas Limited, Dr. Daniel Chukwudozie, in this interview with MUDIAGA AFFE, speaks on the scarcity of kerosene and other challenges in the nation’s...

Punch Business
How to get small business loans

Nike Popoola Getting a loan is a major hurdle facing small businesses, mainly due to strict lending standards by banks. But obtaining outside financing is often necessary to s...

Punch Business
Customs generate N1.2bn daily at Tin Can

Anna Okon The Nigeria Customs Service, Tin Can Island Command has said that it generates an average of N1.2bn daily for the Federal Government. The Controller of the command,...

Punch Business
We can fix our economy by diversification —Anyaoku

A former Secretary-General of Commonwealth, Chief Emeka Anyaoku, says diversifying the economy from oil remains a viable option to get Nigeria out of its current challenges an...

Punch Business
LADOL says N1.162tn facility nears completion

Anna Okon Work on $3.8bn (N1.162tn) Lagos Deep Offshore Logistics base oil and gas exploration platform, the Egina project, has reached an advanced stage. The Executive Direct...

Punch Business
Nigeria needs policies to drive power sector growth – Cole

‘Femi Asu The Executive Director and Co-Founder, Sahara Group, Tonye Cole, has highlighted the need for policies to drive and sustain productivity in the nation’s power se...

Punch Business
Relocate Lagos tank farms now, Haastrup tells FG

Anna Okon The Chief Executive Officer of ENL Consortium Limited, Mrs. Victoria Haastrup, has called on the government to relocate tank farms from Apapa, Lagos, to a more spaci...

Punch Business
Ororo field: Sirius Petroleum, BP sign $10m facility

‘Femi Asu Sirius Petroleum says it has entered into a $10m revolving pre-payment facility and commercial off-take agreement with BP Oil International, a subsidiary of BP, in...

Punch Business
PwC Nigeria, others seek to boost mining investment

’Femi Asu PwC Nigeria has expressed optimism that the contribution of the solid minerals sector to the nation’s Gross Domestic Product can grow from 0.5 per cent to three...

Punch Business
IBEDC revamps injection substations in Kwara

’Femi Asu The Ibadan Electricity Distribution Company Plc has announced the completion of the rehabilitation of the Sawmill 3x15MVA, 33/11KV and Agba Dam 2x15MVA, 33/11KV in...

Punch Business
What small business needs to spend on

Businesses are incredibly difficult ventures to start. More than half of all businesses fail within five years of starting, according to statistics gathered in 2016. While thi...

Punch Business
NPMC commends Nipco’s role in fuel distribution

’Femi Asu The Managing Director, Nigerian Petroleum Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, Mr. Umar Ajiya, has commended Nipco Plc f...

Punch Business
Jaiz, Access, FCMB lead N343bn market loss

Stanley Opara Jaiz Bank Plc, Access Bank Plc, FCMB Group Plc, Stanbic IBTC Holdings Plc and Dangote Cement Plc emerged the top five losers on Wednesday as the equities market...

Punch Business
Anambra, Imo, Ogun indigenes top subscribers to e-Dividend

Stanley Opara The indigenes of Anambra State are the highest subscribers to the electronic dividend mandate registration of the Securities and Exchange Commission, with 10 per...

Punch Business
How to address customers’ complaints

Ife Ogunfuwa writes on proper ways to address customers’ complaints Customer services are very crucial to businesses that are looking to build a strong brand or those that w...

Punch Business
CITN backs NIPOST restructuring, calls for caution

The Chartered Institute of Taxation of Nigeria says it supports a pending bill in the National Assembly that seeks the restructuring of the Nigeria Postal Service. The bill, w...

Punch Business
FG allots N738.14m in August savings bond sales

The Federal Government allotted N738.14m in its August 2019 and 2020 savings bond sales. The Debt Management Office on its website on Wednesday said that N215.64m was allotted...

Punch Business
Amazon set to create 1,000 new jobs

US online retail titan Amazon will create more than 1,000 new jobs next year with the opening of a new warehouse in Britain, under plans unveiled Wednesday. Amazon said in a s...

Punch Business
CBN injects $364m into inter-bank forex market

A breakdown of the intervention indicates that the Retail Secondary Market Intervention Sales (SMIS) received the largest allocation of $264,192,252.95. The CBN also offered t...

Guardian Nigeria Business
CBN joins NPA, NIMASA’s port charges to forex window

The Central Bank of Nigeria (CBN) yesterday added the Nigeria Ports Authority (NPA) and Nigerian Maritime Administration and Safety Agency (NIMASA) to its official forex windo...

Guardian Nigeria Business
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