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Category Archives: Business News

Wifi service to go live at MMIA Lagos

Wifi internent service to go live at MMIA Lagos on Monday.

Minister of Aviation, Chika Chidoka took to his twitter handle to make the announcement but didn’t say if the service will be free.

Actress Daniella Okeke Dazzles In New Photos

Actress Daniella Okeke Dazzles In New Photos

Daniella is always ready to try something new, believing she’s got the body to carry it.

Nigerian Banks at Risk over Oil Price Slump, Energy Firms’ Indebtedness – CBN

ABUJA — The Central Bank of Nigeria, CBN, has warned that financial institutions in Nigeria will be at grave risk in 2015 due to the low prices of crude oil in the international market and their huge exposure to oil and gas firms.

The CBN, in its Financial Stability Report for December 2014, stated that oil and gas firms owe financial institutions about N3.24 trillion, adding that low crude oil prices will pose a significant risk to Nigeria’s financial system and might lead to an increase in Non-Performing Loans, NPL.

President Jonathan moves Lagos $500m Project to Bayelsa

Last days, desperate actions. President Goodluck Jonathan has directed that a $500m oil and gas investment project be relocated from LADOL Free Trade Zone (FTZ) in Lagos to Agga in Bayelsa State.

This was revealed following an investigation by The Nation. The project is a partnership between LADOL Integrated Logistics Enterprise and Samsung Heavy Industries, Korea.

EXPOSED: How Nigerian banks are taking your money

Dear friends please read this post and see How Nigerian banks are taking your money.
>>>Francis Agadaga still remembers events of that fateful evening. He could have been a widower by now. On September 12, 2014, he rushed to an Automated Teller Machine point in his neighbourhood at Igando, a Lagos suburb, to pick some cash with which to take his ailing wife, Sandra, to the hospital. It was a tough period for the family. The N7, 850 left in his bank account would go a long way in dousing the situation if he could get access to the fund. After inserting his card into one of the ATMs and requesting to withdraw N7, 000, what followed almost left the father of two in tears.

Too Many Complaints Against Obasanjo Foundation – UK Commission

Londom- United Kingdom Charity Commission says it has received many complaints about the Olusegun Obasanjo Foundation in London concerning allegations of financial misconduct and conflicts of interest.

The UKCC’s spokesperson, Sarah Hitchings, told Punch in an email that the commission had also started a broad investigation into the matters because the foundation had violated its regulatory standards.

Chinese Company to Establish Electricity Meter Assembly Plant in Calabar

Chinese Company to Establish Electricity Meter Assembly Plant in Calabar, Cross Rivers State Nigeria.
<ABUJA>: A Chinese company, Skyrun Meter Solution, said it has completed plans to establish an electricity smart-meter in the Free Trade Zone, FTZ, in Calabar, the Cross River State capital. This development was one of the fruitful results of several Memoranda of Understanding, MoUs, signed between the Ministry of Power and some Chinese companies since the successful privatisation of the power sector by the outgoing administration.

meterThe Permanent Secretary, Ministry of Power, Amb. Godknows Igali, disclosed this while receiving the company’s management team in his office last week. He expressed delight that establishing the metering company in Nigeria would enhance revenue generation for distribution companies thereby curtailing the incidence of estimated billing as being experienced by the electricity customers in many parts of the country.

Generating Income From Tomato Farming In Nigeria

Are you interested in generating Income From Tomato Farming In Nigeria? If yes then, below is an article that will expose you to the vast opportunities inherent in tomatoes farming business.

tomatoes>>>Nigerians spend about N100 billion annually on tomatoes, with a chunk of it spent on importation of the item. In 2012, Nigeria imported 65,809 tonnes of processed tomato worth over N11.7 billion. Whatever amount one invests in tomato farming, a triple return on investment is achievable within nine months.

Glo Nigeria welcomes NYSC members as Lagos Orientation Camp opens

Lagos – Nigeria’s National Telecommunications Carrier, Globacom has organised a night of entertainment for the Batch ‘A’ members of the National Youth Service Corps (NYSC) posted to Lagos.

The party was held on Friday, May 8, at the NYSC Orientation Camp located at Iyana-Ipaja, marking the beginning of the 2015 Batch ‘A’ service year.

NYC-Bound Train Derails in Philadelphia with 5 Dead, Dozens Injured

NYC-Bound Train Derails in Philadelphia with 5 Dead, Dozens Injured.

Five people have been confirmed dead and 146 others injured after an Amtrak train carrying 248 passengers and five crew members going to New York from Washington DC derailed from its track in Philadelphia, USA yesterday night around 9.45pm.