Business

FG set to establish grazing reserves in select states

Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has revealed government’s plan to begin the re-creation of Grazing Reserves across the country.

Chief Ogbeh, dropped the hint at a meeting with participants of Executive Intelligence Management Course Twelve, EIMC12 and Facu [...]

Sun, 17 March 2019


FG targets sub-100 position on World Bank business ranking

The Federal Government said it aims to move Nigeria below the 100 position on the World Bank’s Ease of Doing Business ranking by the year 2020.

A report by the Presidential Enabling Business Environment Council, PEBEC, said the move is under its 2019 strategic goals.

PEBEC in its E [...]

Sun, 17 March 2019


e-dividend: SEC fines defaulting registrars, stockbrokers

The Securities and Exchange Commission, SEC, has stated that it will come down heavy on registrars and dealing member firms of the Nigerian Stock Exchange, NSE, who try to frustrate the on-going e- dividend registration.

The e-dividend registration is geared towards reducing the quantum of uncl [...]

Sun, 17 March 2019


FG owes GenCos N364bn in 2018

The federal government has ascribed the inability of the Nigerian Bulk Electricity Trading Plc, NBET, to honour its financial obligations with electricity Generation Companies, Gencos, to issues of low remittance [...]

Sat, 09 March 2019


FG charge PFAs on infrastructure funding

Pension Fund Administrators, operating in the country have been directed to invest at least 60percent of the infrastructure fund in projects within Nigeria.

 

The National Pension Commission, in a revised regulation on investment of pension fund assets recently issued to PFAs also s [...]

Sat, 09 March 2019


75% imported electronics are toxic waste- NCC

An estimated 75 percent of the electronics devices imported into Nigeria are said to be irreparable and toxic junk constituting danger to the environment.

The Nigerian Communications Commission, NCC, therefore said it has become necessary to stop the dumping of electronic wastes, especially use [...]

Sat, 09 March 2019


CBN moves to stops bank services for textile smugglers

Textile smugglers are in for a tough times in Nigeria, as the Central Bank of Nigeria says it plans to make it difficult for them to operate banking business in the country.

This is part of strategies the apex bank hopes to deploy to discourage recalcitrant smugglers and also reposition the tex [...]

Sat, 09 March 2019


Trade ministry seals filling stations in Abuja

The Federal Ministry of Industry, Trade and Investment, recently sealed some filling stations in the nation’s capital Abuja, for dispensing less fuel than was paid for by customers.

This action caused confusion, as observers questioned the right of any other government agency other than t [...]

Sat, 09 March 2019


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