The demand for Ginger in the international market has gone up significantly because the root is now being used as raw material in manufacturing process. More »
To make extra income from Garri production business, you need to export your Garri to other countries in West Africa, Europe and America More »
The high demand for chicken meat and eggs has really proven that Poultry farming in Nigeria is indeed a very lucrative business More »
Indeed you can become a millionaire through Poundo Yam production business in Nigeria. You can make up to N500, 000/month producing and selling Instant pounded Yam powder More »
Are you thinking of starting a profitable business of your own in Nigeria? If yes then I will want you to consider setting up a cement block molding industry in the country More »
The export of cashew nuts and other agricultural commodities from Nigeria is fast becoming very lucrative these days; More »
Discover how to make 100percent profits when you invest just N80, 000 in exporting Bitter kola from Nigeria to Europe, America and Asia countries More »
Livestock feeds production is a very profitable business, the demand for animal feeds in Nigeria is high More »
Category Archives: Business News
Once upon a time it was virtually impossible to buy goods online or pay for any service on the web if you were in Nigeria.
Information reaching us has it that Manufacturers in the country have accused the Nigeria CustomS Service, NCS, of contributing to the continued congestion at the Ports through arbitrary increase of import duties.
Making the remark at the 7th Business Luncheon of the Manufacturing Association of Nigeria, MAN, Ogun State chapter, president of MAN, Dr. Kola Jamodu, said that the arbitrary increase in duties, as well as imposition of unnecessary taxation by government agencies has led to the accumulation of demurrage in the Ports.
He also kicked against the current single window environment and pre-assessment technique used by the Customs, arguing that they bring about delay in data generation and verification at the Ports.
Nigeria Earns N475bn from Crude Oil Export To India, Netherlands, Brazil in One Month
Three countries – India, the Netherlands, and Brazil, spent $2.97 billion, about N475.08 billion in the purchase of crude oil from Nigeria in the month of February 2014, data released from the Nigerian National Petroleum Corporation, NNPC, has revealed.
Specifically, the three countries accounted for more than a third of Nigeria’s crude export in February, purchasing 26.75 million barrels of oil.
Specifically, India purchased 10.44 million barrels of crude oil from Nigeria in the month under review, followed by the Netherlands, with 9.385 million barrels, and Brazil 6.922 million barrels.
Using an average crude price of $111 per barrel, this translates to $2.97 billion for the month under review.
The Lagos State Sector Commander, Mr Chidi Nkwonta, said that the decision followed the new court judgment.
“This new judgment made it very clear that as from Aug. 1, FRSC should impound.
“So, Nigerians must discountenance that first misleading judgment and take this one because we are going to continue enforcement as from Aug. 1, 2014.
“We never asked anybody to stop (processing licences). Anybody who stopped ab initio stopped at his own peril.
“Neither did the court ask anybody to stop, that judgment never said anybody should stop.
The Rivers MonoRail is in full swing finally. Governor Rotimi Amaechi of Rivers State really is on track to develop his state. Check out more photos below…
It usually takes the grace of God for any lawyer who criticises government’s atrocities to be made a SAN and this trend has been ongoing for a long time.
Nobel Laureate in Economics and Professor of Economic Sciences from the Harvard University, Professor Eric Maskin, has joined Covenant University’s faculty as a Visiting Professor in the Department of Economics, College of Development Studies.
The Vice-Chancellor, Covenant University, Professor Charles Ayo, who announced the appointment, said the coming onboard of Professor Maskin is an impetus to the University’s quest to be one of the top ten universities in the world within the next ten years.
The Central Bank of Nigeria (CBN) in collaboration with all Nigerian Banks has introduced the Bank Verification Number (BVN) as a unique identification number for all Bank customers. CBN have advised Bank customers in Lagos to enroll and obtain their BVN. This exercise has gone live in selected Bank branches in Lagos. This is the first phase of the countrywide roll out. In view of this, all Nigerian Banks have their headquarter servers configured, deployed and tested, and their staff trained in preparation for the enrolment and verification of end users who are all Bank customers.
The Bank Verification Number (BVN) gives each Bank customer a unique identity across the Nigerian Banking industry. This can be used for easy identification and verification of Bank customers. The BVN initiative is part of the overall policy of the financial inclusion policy of the Financial Sector Strategy (FSS) agenda of ensuring Nigeria becomes one of the top 20 largest economies in the world by 2020.
Abuja – The Nigeria House of Representatives on Thursday commended British citizen, Dr Mark Walker, for returning two important artefacts stolen from the Benin Kingdom during Britain’s punitive expedition to Benin 117 years ago.
Walker, grandson of Captain Philips Walker, one of the principal figures who took part in the expedition, willingly returned two of the bronze items of heritage to the Oba of Benin, His Royal Majesty, Omo N’Oba N’Edo Uku Akpolokpolo, Oba Erediauwa.
Vehicle owners who approach the Federal Road Safety Corps for registration without genuine clearance documents from the Nigeria Customs Service will, henceforth, have such vehicles impounded.
President Goodluck Jonathan handed down the directive to the FRSC during the weekly Federal Executive Council meeting on Wednesday.
The Corps Marshal, FRSC, Mr. Osita Chidoka, attended the session to brief the FEC members on the country’s status on the United Nations Decade of Action for Road Safety (2011-2020).
He later joined the Minister of Information, Mr. Labaran Maku, to brief State House correspondents after the meeting.