Business

THE Standards Organisation of Nigeria (SON) said today that it has sealed the premises of Mate Energy allegedly for producing substandard engine oil. The agency advised users of uncertified engine oil to be cautious in purchasing the product. The Director-General, SON, Farouk Salim, gave the advice during a standards enforcement …

The Director-General, Nigeria Automotive Design and Development Council, Mr. Jelani Aliyu, participated as a Panelist Speaker at the Nigerian-Spanish Business and Trade Forum in Madrid Spain. President Muhammadu Buhari delivered the key note address at the forum where he extended fiscal investment incentives to Spanish investors to ramp up a …

Minister of State for Petroleum Resources, Timipre Sylva, has said that though Climate Change is a serious challenge to Africa but the alarming level of energy poverty needs serious attention. Sylva made this known on Thursday, at a three day, Nigeria-Africa Natural Resources and Energy Investment Summit in Abuja. He …

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, says no fewer than 4,630 farmers in Nasarawa State have received loans from the agency since 2017 when it began operation in the state. NIRSAL, an agency under the Central Bank of Nigeria, was established to create a link between the …

President Muhammadu Buhari on Thursday in Madrid, extended fiscal investment incentives to Spanish investors to ramp up a long-term business partnership between the two countries. This was as he said, increased collaboration with African nations kike Nigeria could be what all of Europe needs to mitigate against both current and …

The Minister of the Federal Capital Territory Minister, Mohammed Bello, on Thursday in Abuja, said the FCT now generates over N200bn annually. Bello disclosed this to State House Correspondents at the 40th session of the State House Ministerial Briefing organised by the Presidential Communications Team. He said the FCT Administration …

Climate-smart investment potential in Nigeria, particularly in the renewable energy sector, is worth over $104bn, the United Kingdom High Commission has said. In his address at the Carbon Chamber Conference of the Abuja Chamber of Commerce and Industry, the Head of Climate Change and Energy West Africa, UK High Commission, …

The Federal Inland Revenue Service has issued a notification to all the States and Local Governments of the Federation and the general public that it will commence the process of enforcement and recovery of unremitted tax deductions owed by some States and Local Governments in Nigeria. The provisions of Sections …

The suspended Accountant-General of the Federation, Ahmed Idris, has been released by the Economic and Financial Crimes Commission after he was arrested for his alleged involvement in a N174 billion fraud. Idris was released on bail from the custody of the anti-graft agency on Wednesday night in Abuja and has …

President Muhammadu Buhari has expressed the readiness of Nigeria to host the first ever Global Conference on Tourism, Culture and the Creative Industry in November this year in a conducive environment. Speaking Wednesday during a visit to the headquarters of the United Nations World Trade Organization (UNWTO) in Madrid, the …