Business

Zenith

Meters: FG approves N39b loan for DISCOs

The Federal Government has approved N39bn loan to Electricity Distribution Companies for the supply of meters.

World Bank to empower 16,000 people in Bauchi

By Rita Michael,
Bauchi
About 16,000 people in Bauchi State will benefit from Public Work Fare (PWF), a World Bank intervention programme aimed at empowering citizens of the state.

SPDC remits $31b to federation account, NDDC – GM

Shell Petroleum Development Company (SPDC) remitted $29.8 billion to the federation account and $1.2 billion to Niger Delta Development Commission (NDDC) between 2002 and 2016.

Stock market second quarter rally may boost Nigeria’s economy

Nigeria’s economy may shrink the least in the second quarter following a stock market rally, the highest since October 2014 and positive Purchasing Managers Index (PMI), the data that measures changes in business activities.

Cabotage: Peterside seeks job opportunities for Nigerians

Nigerian Maritime Administration and Safety Agency (NIMASA), said it has introduced a New NIMASA Cabotage Compliance Strategy (NCCS).

Nigeria govt announces 27 industries to enjoy tax break under pioneer status

The Federal Government has released the full list of the 27 key industries and products included in the revised list of ‘pioneer status’ to enjoy tax break as incentives for prospective investors.

Breaking: FG seeks out-of-court settlement with seven Banks over TSA

The Federal Government has filed a notice of discontinuance of its suit against seven commercial banks seeking the remittance of the sum of $793.2 million allegedly hidden with them in contravention of the Treasury Single Account policy.

Oil prices flatten, still under shadow of high production

By Reuters

Oil prices recouped earlier losses on Friday but remained on track for a weekly decline, weighed down by rising OPEC exports and strong output from the United States.

Maritime officials to tackle piracy, migration

Maritime administrators in Africa under the aegis of Association of African Maritime Administrations (AMAA) are set to jointly fight piracy, sea crime and unlawful migration in the continent.

Half year report: Apapa Area 1 command generates N165.74b

.Tin Can Command nets N130.1b

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