Business

The latest business news in Nigeria, Africa and the world.

Innoson
Photos: Innoson Motors Presents Made-in-Nigeria IVM G12 Series To Nigerian Army
Innoson motors has presented latest Made-in-Nigeria IVM G12 series for military operations to COAS to aid fight insurgency in North East.
electricity-transmission-system-services-1024x768
Energy Transmission: TCN Can’t Meet Expectations – Owoeye
IBEDC Brand and Communication Manager has revealed that the Transmission Company of Nigeria (TCN) cannot meet the demand of the nation even if electricity generation doubles.
energy-theft
Energy Theft: DisCo Wants Mobile Courts To Try Offenders
The Branding and Communication Manager of Ibadan Electricity Distribution Company (IBEDC), Kikelomo Owoeye, has called on FG to establish mobile courts to try energy theft offenders.
SEC
SEC To Implement 10-Year Masterplan
SEC Director-General, Munir Gwarzo has assured investors that the commission has intensified efforts to increase its efficiency and deepen the market through several adjustment in its mandate.
Recession: Nigeria May Not Come Out In 2017 – MAN
President of Manufacturers Association of Nigeria (MAN) Frank Jacobs believes it would be difficult for the country to get out of recession in 2017.
Donald Trump
Nigeria Will Likely Get Less Grants, Aids From Trump Administration – MAN
President of Manufacturers Association of Nigeria has said that, considering the conservative orientation of the Republicans, Trump-led US may reduce support in terms of grants and aids to Nigeria.
nigeria
Recession: Nigeria Seeks Reduced Dues To UN
In view of the economic recession in Nigeria, the country has asked the United Nations to review its assessed contributions to the organisation for 2016.
wha
Whatsapp Video Call Launches; To Be Available On Android, iOS Next Few Days
Whatsapp parent company, Facebook, has announced the launch of the video calling features which will see it compete with skype and facetime.
Fossil-Based Economy: NNPC To Invest In Renewable Energy
With a view to enhancing food security in the country, the Nigeria National Petroleum Corporation has said that it will champion the diversification of the nation’s fossil-based economy to renewable energy.
hammed-ali-led-customs-denies-customs-vehicle-auction
We Do Not Auction Vehicles Online – Nigerian Customs Warn Nigerians
The Nigeria Customs Service has warned members of the public against falling prey to the antics of fraudsters who use social media ads to lure their victims.
Textile Industry Faces Extinction, Say Manufacturers
Manufacturers say the industry is on the brink of crisis as the few existing members are set to suspend production due to non-availability of forex for procurement of raw materials.
Unsolicited SMSs/Calls: NCC To Sanction 13 Operators
The NCC has issued a one-week ultimatum to 13 telecom operators, ordering them to comply with the ‘2442 Do Not Disturb (DND)’ directive on unsolicited calls and messages or face sanction.
ooni-of-ife
Ooni, BoI Sign N1bn MoU For Women And Youth Empowerment
The House of Oduduwa and the Bank of Industry (BoI) have signed an MoU that would provide loans to women and youths in Ile-Ife, Concise News gathers.
raw-diamond-stones
Diamond Mining To Commence In Adamawa By December – Commissioner
The mining of solid minerals including Diamond, Gold, Bitumen and Barite in Adamawa by a Swiss firm is to commence in December, Concise News gathers.
Include Treatment Of Kidney In NHIS, Nephrologist Tells Nigerian Govt
Nigeria Health Ministry To Establish Bank Of Health
The Federal Ministry of Health said it would work with the private sector to establish 'Bank of Health' to improve healthcare delivery in the country.
naira at parallel market
Forex: Naira Strengthens Against Dollar
The Naira Friday strengthened against the dollar in all segments of the foreign exchange market. At the Bureau De Change (BDC) window, the Nigerian currency exchanged at N385/400 to a dollar.
prepaid-meters
Port Harcourt DisCo Announces N2.2bn Monthly Loss
The Port Harcourt Electricity Distribution Company (PHED) lost N2.2 billion in revenue every month to unpaid bills and electricity wastage, Concise News gathers. The company blames meter bypass for loss.
Incentives
FG To Unveil Incentives For Investors
Minister of State, Federal Ministry of Industry, Trade and Investment, Mrs. Aisha Abubakar said this is part of a holistic framework to further facilitate trade in the country.
9% communication tax
Telcos Reject Proposed 9% Communication Tax
While commending the government’s desire to widen her tax net, it said the 9% communication tax would upset Nigeria’s internet adoption rate which is currently low due to high cost of data.
npa
No Plan To Cut Down Staff, Says NPA Boss
The Managing Director of the NPA, Hadiza Usman, has described the story of retrenchment as a “rumour’’. The NPA boss said rather than the company retrenching staff, management would recruit more.
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