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Business
PenCom recovers N213.07m from defaulting employers in third Quarter
A total of N213.07m has been recovered from employers who deducted pension savings from their workers’ monthly emoluments but refused to remit such to their respective Pension Fund Administrators between July and September this…
Nigeria resumes importation of petrol from China
Nigeria has resumed importation of petrol from China, according to data from General Administration of Customs.
China shipped 37,000 metric tonnes of petrol to Nigeria in September for the first time since July 2019.…
NERC orders Discos to disconnect electricity consumers who reject meters
The Nigerian Electricity Regulatory Commission on Wednesday ordered power distribution companies to disconnect electricity consumers who reject meters.
The Federal Government recently commenced the mass deployment of about six…
Forex liquidity presents risks to Nigerian banks’ ratings – Fitch
An international Rating Organization, Fitch, has said foreign currency liquidity presents a significant risk to Nigerian banks’ ratings.
Fitch said this in its report entitled ‘Fitch Ratings sees gradual recovery for African…
Vehicle owners to pay N250,000 for gas conversion says FG
Contrary to its earlier stance that conversion of vehicles to run on autogas will be for free, the federal government said on Wednesday that vehicles owners must be ready to cough out a whooping N250,000 to convert their cars.…
Obaseki reforms: Edo ranks high on ease of doing business, job creation, others
On the back of far-reaching reforms and programmes by the Governor Godwin Obaseki-led administration, Edo State has been ranked as one of the best and safest states to do business in the country.
According to a new report by…
OPEC members meet to extend oil production cuts
The OPEC oil producers’ club will meet virtually to mull over an extension to production cuts as the coronavirus pandemic continues to weigh on global demand.
Ministers from the cartel will start meeting via video conference…
N32bn debt: Innoson seeks court order stopping GTB from deregistering itself as Limited Liability…
The Supreme Court of Nigeria has struck out GTB’s motion filed to set aside its earlier decision/order made on 27th February 2019 dismissing GTB’s against Court of Appeal judgement of 6th February 2014 in favor of Innoson Nigeria Ltd…
Obaseki earmarks N12.8bn for pension, gratuities in 2021
The Edo State Governor, Mr. Godwin Obaseki says his administration will expend N12.8 billion in 2021 for payment of pension and gratuities.
The governor, in a statement, reaffirmed his government’s commitment to the welfare of…
Obaseki assures investors of favourable policies, business-friendly environment
The Edo State Governor, Mr. Godwin Obaseki has said that the state holds the greatest potential to become the nation’s business hub, reassuring that his government will sustain reforms and policies to ensure an enabling…