spot_img
Business
26.1 C
Lagos
HomeBusiness

Business

FAAC disburses N3.88 trillion to F.G, states, others in H1 2020

  . N1.93 trillion disbursed in Q2 2020, signaling three straight quarters of falling disbursements since Q3 2019   The Federation Accounts Allocation Committee (FAAC) has shared N3.879 trillion to the Federal...

Nigeria, Korea to deepen cooperation in shipping

  NIGERIA and South Korea have agreed to intensify their collaboration in trade and shipping development.   This was disclosed in Lagos during a meeting between the Director-General of the Nigerian Maritime...

Dangote fertiliser plant set for commissioning in few months

  Dangote Group has revealed that construction works are at advanced stage at is Fertiliser plant, which set for commissioning in the next few months.   This is coming as the Federal...

Marsk Line stops surcharge on Nigerian cargoes

AN international shipping firm, Maersk Line has halted the Peak Season Surcharge it earlier imposed on Nigerian-bound cargoes from September 1, 2020. Managing Director, Maersk Nigeria, Lara Lana, in a...

LADOL gets commendation, as Customs students embark on operational study

  THE Lagos Deep Offshore Logistics (LADOL) Zone was showered with encomiums recently, as the students of Nigerian Customs Staff College embark on operational study at the Free Zone. Chief Instructor/...

$1.6 billion Lagos-Ibadan railway to begin commercial operations next month

  THE Federal Government has disclosed that the Lagos-Ibadan railway line would begin commercial operations in September. This was disclosed when the Minister of Transportation, Rotimi Amaechi, Minister of Information and...

‘Why 80% of trade between Nigeria, other West African countries are informal’

  ABOUT 80 per cent of trades between Nigeria and the West African countries are informal, going by the estimates of the West African Association For Cross-Border Trade In Agro-Forestry-Pastoral...

Nigeria’s unemployment rises to 27.1%

  NIGERIA'S unemployment rate grew to 27.1 per cent in the second quarter 2020, going by statistics from National Bureau of Statistics (NBS). The NBS new report on Labour Force Statistic...

Nigeria’s debt to China hits $3.121 billion, says DMO

.Says China not a major source of funding for Nigerian government The Debt Management Office (DMO), has disclosed that the total borrowing from China is about $3.121 billion as at...

Subscribers groan under alleged data cheat by telecos

. ATCON explains data consumption modules. .NATCOM seeks reduction in data charges INTERNET subscribers are worried, as Mobile Network Operators (MNO), Internet Service Providers (ISP), allegedly cheat through fast data depletion. Mobile...

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

We do not spam
You can opt out anytime