Category Archives: Business News

2016 Budget: List 25 Approved Road Projects And Costs Under The Supervision of Fashola’s Ministry

In the just accented 2016 appropriation bill, the following are the road projects approved by the Federal Government to be handled and supervised by Ministry of Power, Works and Housing headed by former Governor of Lagos State Babatunde Raji Fashola.

New Petrol Price Regime Inevitable, will Create 200,000 jobs – Lai Mohammed

The Federal Government of Nigeria has said the introduction of a new price regime for Premium Motor Spirit (petrol) has become inevitable in order to halt the crippling fuel scarcity in the country and ensure availability of the product. The

Nigerian Government To Ban Categorised Software Importation By 2020

The Federal Government is soon to ban the importation of software which indigenous vendors have developed the capacity to offer as a way of halting capital flight and encouraging Nigerians in the sector. The director-general of the National Office for

Ukrainian Govt. to Invest $1bn in Ajaokuta Steel Company

The Ukrainian Ambassador to Nigeria, Valeriy Aleksandruk has disclosed that his country is ready to invest $1billion in Ajaokuta Steel Company in order to revive the plant. The Ambassador who made this known in Abuja during a courtesy call on

Foreign Investors to Establish $11m Greenhouse Vegetable Farm In Nigeria

Report reaching us has it that Wells San-Carlos Green House Farms Limited, a Mexican company has revealed it plans to invest about $11million in Green House vegetable project in the Nigeria agricultural sector. Welcoming the proposal during a meeting between

AMCON Targets N200bn Recoveries With 115 Debt Professionals In NigeriA

The Asset Management Corporation of Nigeria (AMCON) is hoping to recover the over N200 billion bad debts owed by small debtors with the engagement of 115 debt recovery professionals across the country under the asset management partnership programme. The small

Tiwa Savage and the Brand Ambassador Question

That popular singer, Tiwa Savage, is facing the greatest battle of her matrimonial life, has become an understatement. For the past few weeks, a lot has happened to the equity of this delectable brand, that indicates that she might have

Nigeria Food, Beverages Import from EU Countries now €1.22bn

Nigeria imported food and beverages from European Union (EU) valued at 1.22 billion euro in the last one year, New Telegraph has learnt. Also, some agricultural products worth N96.05 billion (419 million euro) were exported to some countries in Europe

Renault Set to Invest $684m to Build New Car in Spain

Renault Auto said it will invest more than 600 million euros ($684 million) in a project in Spain that includes building a new car and a new engine in its Valladolid plant. The 2017-2020 project would exceed Renault’s previous two

Cooking Gas Scarcity Imminent In Nigeria

Another round of Liquefied Petroleum Gas (LPG) scarcity is imminent, unless the Federal Government takes urgent steps to avert it, The Nation learnt at the weekend. LPG dedicated vessels have not come to Lagos from the Nigerian National Liquefied Gas