Category: Business

Fish Market 0

World’s Largest Fish Market Reopens In Tokyo

The world’s largest fish market resumed operations at a new location in Tokyo on Thursday, after final auctions last week at the previous facility in Tsukiji, one of the Japanese capital’s top tourist attractions....

Free Zone Ports 0

Qatar Establishes Free Zone

Qatar is setting up Umm Al Houl, the country’s first Free Zone, to fast track investment to boost its economy. It is located next to Hamad International Port, designed to receive local and foreign...

Innocent Chukwuma EFCC Innoson 0

Court Strikes Out Case Against Innoson

An Ikeja Special Offences Court has struck out  a suit instituted by the Economic and Financial Crimes Commission (EFCC) against Innocent Chukwuma a.k.a Innoson. The News Agency of Nigeria (NAN) reports that Justice Olusola...

AIICO Insurance Agriculture 0

AIICO Insurance Set To Support Agriculture

AIICO Insurance Plc, on Wednesday launched its new product aimed to strengthen the agricultural sector. Mr Edwin Igbiti, AIICO Managing Director said at the launch of the `AIICO Agriculture insurance’ in Lagos that it...

London Stock Exchange Dangote Cement 0

Dangote Cement Set To List On London Stock Exchange

Africa’s biggest cement producer, Dangote Cement may be listed on the London Stock Exchange in 2019. The company’s president, Aliko Dangote made this known in London on Monday. Dangote spoke  during “One to One...

Insurance Stocks 0

Insurance Stocks Top Losers’ Table In September

The recapitalisation exercise recently announced by the National Insurance Commission (NAICOM) took a toll on insurance stocks in September with majority of them recording price depreciation. Data obtained by the News Agency of Nigeria...

naira 0

N50K Fine, Jail For Spraying Naira At Parties

Mobile courts are now to summarily try those bastardising the national currency, the naira, the Bankers Committee said on Thursday. The committee said those who “spray” naira notes at parties risk going to jail...

Oil Palm Palm Oil Importation 0

EU Denies Proposed Ban On Palm Oil Importation

The European Union (EU) has denied the proposed ban on palm oil importation from Nigeria to the union. Mr Kurt Cornelis, the Head of Cooperation, EU Delegation to Nigeria and Economic Community of West...

General Motors Honda 0

Honda To Invest $2.7b In General Motors

Honda Motor is to invest $2.75 billion and take a 5.7 per cent stake in General Motors’ Cruise self-driving vehicle unit. The investment is spurred by the desire to jointly develop autonomous vehicles for...

Hotel Tax Systems 0

Hotel Owner Calls For Harmonised Tax System

Mr Faruk Aliyu, Managing Director, Hawthorn Suits and Hotel, has called on  the Federal Government to  harmonize the country’s tax system to help bring more investors in the country. Aliyu made the call at a world...

NNPC 0

NNPC Records N18.12bn Trading Surplus In May

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12bn for May 2018, a performance which is relatively higher than the trading surplus of N17.16bn recorded in April. Details of the...

Oil 0

Oil Moves Toward $85 As Iran Sanctions Loom

Brent crude oil prices hit their highest level since November 2014 on Monday ahead of U.S. sanctions against Iran that kick in next month. Brent sweet crude oil futures rose to as much as...

MUSK Tesla SEC Fines 0

Musk, Tesla Settle With SEC, To Pay $40m In Fines

The U.S. Securities and Exchange Commission said on Saturday that car-maker Tesla and Chief Executive Elon Musk have  agreed to pay $20 million each under a settlement that will also see the billionaire step...

Gas Plant 0

Marketers Kick Over Prolong Closure Of Gas Plant

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has expressed concern over the prolonged and continuous closure of Second Coming Gas plant Nig. Ltd., by the Lagos State Government. Mr Bassey Essien, the...