Category: Business

OPEC scrambles to agree crucial oil output cut

OPEC members will seek to give oil prices a boost in Vienna on Wednesday by nailing down their first output cut in eight years, although a deal is far from certain....

BMW increases size of venture capital fund by 400% to $530 million

BMW is increasing the size of its venture capital fund, BMW i Ventures, to 500 million euros (425 million pounds or $530 million) from 100 million, German business daily...

Nigeria strikes crude oil deal with Niger

Nigeria has struck a deal to buy oil from Niger, having suffered huge setbacks in crude production due to the activities of militants. The Group Managing Director of the...

Cancellation of monthly sanitation in Lagos to boost productivity – Traders

Traders at Mile 12 produce market in Lagos on Thursday lauded the cancellation of monthly environmental sanitation exercise by the state government, saying it would...

mCash will help realise government’s cashlite policy – Globacom

Next generation telecoms company, Globacom, has thrown its weight behind the new value payment solution, mCash, recently launched by the Nigerian Inter-Bank Settlement...

‘Do-Not-Disturb’, a veritable consumer empowerment initiative – NCC

Abdullahi Maikano, the Director, Consumer Affairs of the Nigerian Communications Commission on Thursday said that the, ‘Do Not Disturb’ initiative was a tool for...

Union Bank, Ria Money collaborate on remittances

The retention of Monetary Policy Rate (MPR) at 14 per cent will increase inflation rate and the banking sector non-performing loans (NPLs) profile,’’ some financial...

Recession: FG plans tax relief for manufacturers – Adeosun

The Federal Government, in a bid to ease the burden of the current economic recession on the manufacturing sector, is planning some form of tax relief for the sector....

Recruitment: Union tasks NPA Management on transparency

The Senior Staff Association of Nigerian Ports Authority has urged the management of the organisation to ensure that its ongoing recruitment exercise produce the right...

Naira weakens against dollar as CBN maintains benchmark rate

The Naira on Tuesday weakened against the dollar few hours after the CBN maintained its benchmark interest rate and endorsed the crackdown on parallel market traders by...