Business News

CBN threatens to deduct money from loan debtors’ accounts

Celsus Agla, senior manager of the CBN‘s development finance office in Port-Harcourt, said this on Thursday during a meeting with maize farmers and other stakeholders.infomation guide nigeria Celsus…

Africa emits less than 1% of global carbon—Osinbajo

Africa emits less than 1% of global carbon—Osinbajo

African nations, according to vice president Yemi Osinbajo, contribute less than 1% of total world carbon emissions.infomation guide nigeria On Thursday in Lagos, Osinbajo made this announcement during…

August water transportation fare rose to N974.26 – NBS

August water transportation fare rose to N974.26 – NBS

The average water transportation fare paid in August 2022 increased to N974.26, according to the National Bureau of Statistics, representing a 0.87 percent month-over-month rise from N965.82 in…

Manufacturers spend N639bn on power, self-generate over 14,000MW

Manufacturers spend N639bn on power, self-generate over 14,000MW

As enterprises self-generate more than 14,000 megawatts of electricity due to inadequate supply from power distribution firms, rising energy costs are impairing economic activity in Africa’s most populous…

No going back on power sector privatisation – FG

No going back on power sector privatisation – FG

The Federal Government has reaffirmed its commitment to and willingness to expand private-sector engagement as the only realistic way to meet Nigeria’s energy needs. Abubakar Aliyu, the Minister…

FG commences processes for Baro port concession

FG commences processes for Baro port concession

The Federal Government has stated that it has begun the process of concessioning Baro Port after fully concessioning Onitsha Port.Information Guide Nigeria Dr George Muoghalu, Managing Director of…

Aviation firm acquires N500m handling equipment

Aviation firm acquires N500m handling equipment

A new set of ground support tools, consisting of a 14-ton cargo main deck high loader and four high capacity Mallaghan mobile steps with chutes, has been delivered…

Motorcycle ban hits traders, imports crash by 36%

Motorcycle ban hits traders, imports crash by 36%

Traders have been heavily hurt by motorcycle bans in various areas, as well as the Federal Government’s threat to outlaw commercial motorbikes, colloquially known as “Okada.” Motorcycle imports…

Nigeria eyes OECD membership to boost seeds export

Nigeria eyes OECD membership to boost seeds export

The Federal Government, through the National Agricultural Seeds Council, has begun efforts to make Nigeria a full member of the Organization for Economic Cooperation and Development in order…

Vitafoam’s Product Group Manager, Moses Mogbolu wins Marketing Personality Award

Vitafoam’s Product Group Manager, Moses Mogbolu wins Marketing Personality Award

According to sunnewsonline report, Moses Mogbou, Product Manager at Vitafoam Nigeria Plc, has emerged as the leading marketing personality for 2022.Information Guide Nigeria This prestigious award was presented…