Home Business

    Business

    • NSE: Market capitalisation slips further by N25bn

      The bears maintained leadership at the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation dropping further by N25 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation shed N25 billion or 0.21 per cent to close at N11.613 trillion against N11.638 trillion on Thursday. Similarly, the All-Share Index dipped 68.07 points or 0.22 per cent to close at 31,142.72 compared to 31,210.79 achieved on Thursday. Mobil Oil led the gainers’ table during the day, gaining…

      Read More »
    • Nigeria’s inflation rate declines to 11.31% in February – NBS

      The National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation decreased to 11.31 per cent (year-on-year) in February from 11.37 per cent recorded in January. The NBS made this known in its “CPI and Inflation Report’’ for February released in Abuja on Friday on its website. The bureau said the figure was 0.06 per cent points lower than the 11.37 recorded in January in the period under review. It said the increases were recorded in…

      Read More »
    • Nigeria bans Boeing 737 MAX Planes

      Nigeria on Wednesday joined other nations across world in banning the Boeing 737 Max 8 from flying over its airspace to ensure passenger safety. The Minister of State, Aviation, Sen. Hadi Sirika, made this known when he addressed State House correspondents on the outcome of the meeting of the Federal Executive Council (FEC), which was presided over by President Muhammadu Buhari, at the Council Chamber of the Presidential Villa, Abuja. He said that the planes would remain ban pending the…

      Read More »
    • FAAN aviation security personnel to bear arms

      The Federal Airports of Nigeria (FAAN) say it is working on plans to secure approval for Aviation Security (AVSEC) officials to bear arms. FAAN Managing Director, Mr Saleh Dunoma, made this known while briefing newsmen in Lagos on Wednesday. Dunoma explained that before the end of the year, AVSEC personnel would have been given permission to bear arms in order to enhance surveillance in the sector. He, however, said that before this could be achieved, the department requires some training…

      Read More »
    • Senate to commence debate on 2019 Budget on Wednesday

      The President of the Senate, Dr Bukola Saraki, says the senate will commence debate on the general principles of the 2019 Appropriation Bill. Saraki, who made the announcement at the plenary on Tuesday said the debate would end on March 19. He also urged the lawmakers to put their names on the plenary register for compilation to ensure orderly debate. The News Agency of Nigeria (NAN) reports that the Second Reading of the 2019 Budget was suspended due to Christmas…

      Read More »
    • JUST IN: Ethiopian Airlines plane crashes, 157 on board

      An Ethiopian Airlines Boeing 737 on a routine flight to Nairobi, Kenya has crashed, with 149 passengers and eight crew members on board. It was not clear whether there were any survivors in the crash that occurred Sunday morning. A message of condolence by the office of Prime Minister Abiy Ahmed suggested that there were some deaths. “The Office of the PM, on behalf of the Government and people of Ethiopia, would like to express its deepest condolences to the…

      Read More »
    • Taxify changes name to Bolt

      A foremost commercial ride-hailing service company, Taxify has rebranded its name to become Bolt, News Agency of Nigeria (NAN) reports. The Estonian company announced the change of name on Thursday in a statement by its CEO, Markus Villig, and has since the announcement updated its apps and various listings in app stores to its new name ‘Bolt’, accordingly. “Since our launch five years ago, Taxify has grown to be more than a taxi app. Now millions of people over the…

      Read More »
    • Oil marketers cheat Nigerians by N198,500 per truck of product sold

      Mr Mohammed Sidi, Director, Weights and Measures Department, Federal Ministry of Industry, Trade and Investment, says that oil dealers have been cheating Nigerians of N198,500 per truck sold. Sidi said this in Abuja on Wednesday during a surveillance activity of the department to some fuel stations. He said that the action was to ensure that all commercial transactions involving the use of weights and measures were accurate, fair and legal. “Every weighing equipment in all sectors of the economy, whether…

      Read More »
    • EITI rates Nigeria’s oil, gas, extractive sector high

      The International Board of Extractive Industry Transparency Initiative (EITI) says Nigeria has attained the highest rating in implementation of its standards by member countries. Mr Waziri Adio, the Executive Secretary Nigeria Extractive Industry Transparency Initiative (NEITI) disclosed this on Wednesday in Abuja. He said that Nigeria was among the countries that attained “Satisfactory Progress”, the highest rating of the board. The other countries are Norway, Philippine, Cambodia, Colombia, and Senegal. He said Nigeria was rated satisfactory progress in 29 out…

      Read More »
    • FIRS generates N12.6trn revenue in 3 years

      The Federal Inland Revenue Service (FIRS), said it generated N12.62 trillion revenue from tax in the last three years. FIRS said this in a document on its achievements, a copy of which was made available to the News Agency of Nigeria (NAN) by the Head, Communications and Servicom Department of FIRS, Mr Wahab Gbadamosi in Abuja. The breakdown of the amount showed that N3.3 trillion was generated in 2016, N4.02 trillion in 2017 and N5.32 trillion was realised in 2018,…

      Read More »

    DON'T MISS