Dangote raises hope on hitting 2mmt of sugar yearly
Indigenous manufacturing concerns, Dangote Sugar Refinery Plc, a member of Dangote Group, yesterday said it plans to produce between 1.5 and 2 million metric tons of refined sugar annually from locally produced sugarcane. This was coming from the Acting Group…
NTEL, Spectranet lead opinion on how to sale 2.6GHz Spectrum
Indications emerged yesterday that Nigeria may not rake in so much from the proposed auction of 2.6GHz spectrum. This is coming on the heels of submissions by key players in the industry who in unison, posited that the economic realities…
Kachukwu negotiates $15bn Indian investment to Nigeria
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has negotiated a 1$5- billion dollar investment with Indian Government for the oil and gas sector. The Director, Press Ministry of Petroleum Resources, Mr. Idang Alibi, in a statement on Monday,…
Financial pundits mull synergy between monetary, fiscal policies to ease recession
Leading financial analysts yesterday called for harmonisation of monetary and fiscal policies to effectively tackle the current recession in the country. Currently, the Central Bank of Nigeria (CBN) manages monetary policies, while the Federal Ministry of Finance manages fiscal policies….
Dangote raises fears, says oil won’t rise to $80 per barrel again
President of the Dangote Group, Alhaji Aliko Dangote, has said he supports a low crude oil price regime so that the ongoing drive to diversify the economy will not be dashed. Speaking at a forum in Abuja, Dangote stated that…
Bank customers can now deposit cheques using smartphone
Bank customers can now deposit cheques from their phones through iTeller Mobile Cheque Truncation solution launched by Precise Financial Systems (PFS). PFS is Nigeria’s leading financial software company, at the ongoing GITEX Conference in Dubai, United Arab Emirate. The global…
Emirate Airline may suspend operations in Nigeria if…
There are emerging indications that Dubai based global airline, the Emirate may suspend its operations in Nigeria any time this month due to irregularities in foreign currency repatriation policy. It would be recalled that the airline had few days ago…
Reps warn against Airports Concession
House of Representatives Committee on Aviation has warned the federal government of any plan to concession any federal airport in Nigeria, saying Airports are critical national assets that should not fall into the hands of private individuals. The group made…
FIRS shuts Lafarge office in PH, IGPES facility for tax defaults
As parts of renewed efforts to deepen tax collection, stern-looking enforcement officers from the Federal Inland Revenue Service (FIRS), Abuja stormed Rivers State yestderday and sealed off Lafarge in Onne and IGPES in Port Harcourt for alleged tax evasion. The…
