Business & Economy

FEDERAL Government yesterday said that it is considering the recapitalization of Bank of Agriculture (BoA) with N250billion in 90 days in collaboration with the Bureau of Public Enterprise (BPE) as part of plans to revitalize it. Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who stated this in Abuja …

THE Federal High Court Ikoyi Lagos has remanded businessman, Cajetan Chike Muonagolu, in prison custody on a 4 count charge bordering on dealing in adulterated and substandard engine oil. The court presided over by Justice Saliu Saidu also admitted Muonagolu bail in the sum of N50million and two sureties in …

AT a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the Tony Elumelu Foundation brought together leading stakeholders in the development …

targets supply to Niger, B/Faso, other W/African countries MAINSTREAM Energy Solutions Limited, operators of Kainji Dam and Jebba Hydro Power plants says it loses at least N1.8 billion annually, a N900 million monthly average due to stranded power occasioned by load rejection by the National Control Centre, (NCC) . This …

AFRICAN Travel Market, Akwaaba, has concluded a partnership deal with the Caribbean Tourism Organisation for this year’s event slated for September 2019. The partnership was signed last year at the World Travel Market held in London. The Caribbean Tourism Organisation is the board that represents the tourism board of the …

AIR PEACE today (Wednesday) set a continental record in Africa with the signing of a US$2.1bn deal for 30 brand new Embraer 195-E2 aircraft. The deal which was unveiled during Embraer Business Meeting with the Aviation World in Port Louis, Mauritius, makes Air Peace the first to order the brand …

as organization targets N750bn from 55,000 tax debtors EXECUTIVE Chairman, Federal Inland Revenue Service, Mr Tunde Fowler has indicated a growth in Value Added Tax (VAT) of over 44 per cent between 2015 and 2018 at the current five per cent rate, stressing the importance VAT despite that Nigeria still …

"There was some impression that our country was an affluent country but the truth of the matter is underlying the jets, because there is no productivity whatsoever, because the owners of the jets are contractors and friends of those government and you could not tie the ownership of the jet and ownership of these kinds of luxury assets to any kind of productivity.

DIRECTOR General, National Council for Arts and Culture (NCAC), Otunba Olusegun Runsewe has said that the rich and expansive cultural asset of Nigeria as a nation, has the capacity of sustaining a robust tourism industry Runsewe, who doubles as President of the World Craft Council African Region, made this known …

FEDERAL Accounts Allocation Committee(FAAC) has shared N619,857 billion federal revenue generated in the month of February 2019 among the three tiers of governments This is just as the FAAC has announced that the Excess Crude Account has the sum of $183million as at March 27, 2019. A communique issued by …