Business News Top Stories

Why power outage persists in parts of Abuja – AEDC

Online News Reporter May 4, 2019

The Abuja Electricity Distribution Company (AEDC), says present power outage in parts of the FCT is due to a technical fault on the 33kV feeder serving the affected areas from the Kukwaba transmission substation. AEDC in a statement by its General Manager, Corporate Communications, Oyebode

Business News Top Stories

SMEs: Nigerian govt establishes raw materials centers across 36 States

Online News Reporter May 1, 2019

By Idowu Isamotu, Abuja Less than two months to the end of first tenure of President Muhammadu Buhari-led administration, federal government on Monday disclosed that all arrangements have been concluded to establish Raw Materials Resource and Information Centers in all the 36 states in Nigeria. This, according to the minister of Science and Technology, Ogbonnaya […]

Business News Top Stories

NBC boss to appear in court over N2.5bn fraud

Online News Reporter April 15, 2019

The Director-General of the National Broadcasting Commission, Ishaq Kawu, will appear before a judge on Wednesday over his alleged complicity in the misapplication of the N2.5 billion seed grant for Digital Switch-Over(DSO) programme of the federal government. Kawu, alongside the Chairman of Pinnacle Communications Limited, Lucky Omoluwa, and the Chief Operating Officer of

Business News Top Stories

GMOs: Stop testing ‘unsafe’ technology in Nigeria, Environmentalists warn FG

Online News Reporter April 15, 2019

By Idowu Isamotu, Abuja Cross section of environmentalists have again issued a strong warning to Nigerian Government over its move to expand the law seeking to insert extreme forms of biotechnology, including synthetic biotechnology and gene drives into the food systems of the country. The environmentalists, who converged on Abuja during a conference, organised by […]

Business News Top Stories

Abuja residents groan as fuel scarcity bites harder

Online News Reporter April 14, 2019

…we have sufficient fuel, says Kachikwu By Idowu Isamotu with Agency Report Cross section of residents of Federal Capital Territory, Abuja on Sunday lamented the persistence of fuel scarcity in the city. Some filling stations, which our correspondent visited in Central Business District, Berger, Area 3 and Area 10, were seen with locked gates. One […]

Business News Top Stories

Buhari’s minister chides Chinese company for delaying Nigeria’s rail project

Online News Reporter April 9, 2019

The minister of transportation, Rotimi Amaechi, has blamed the China Civil Engineering Construction Corporation (CCECC) for the slow pace of work on the ongoing construction of Lagos-Ibadan Standard Gauge rail line. Amaechi expressed disappointment on the progress of work done so far while inspecting the project on Monday. The minister chided the contractor for slowing

Business News Top Stories

Forensic auditors kick as Reps delay passage of CIFIAN bill

Online News Reporter April 7, 2019

By Idowu Isamotu, Abuja The protem council members of Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN) have expressed concerns about the delay of a bill establishing the institute by House of Representatives. The auditors, who converged on Abuja over the weekend during a training and induction ceremony for new fellow of the […]

Business News Top Stories

‘Over 20m bag of rice smuggled into Nigeria in 3 months’

Online News Reporter April 7, 2019

The Rice Processors Association of Nigeria (RIPAN) has raised an alarm that over one million metric tons of rice have been smuggled into Nigeria in the last three months. The Chairman of RIPAN, Alhaji Mohammed Abubakar Maifata made the startling revelation while briefing the media in Abuja on the latest development in rice smuggling in […]

Business News Top Stories

World Bank gets new head

Online News Reporter April 5, 2019

The Executive Directors of the World Bank on Friday unanimously selected David Malpass as the new president of the World Bank Group. Malpass’ five-year term will begin on April 9. A statement by the group said the Board expressed its deep gratitude to Interim President, Kristalina Georgieva, for her dedication and leadership in recent months. […]

Business News Top Stories

Ports Authority boss speaks on Apapa gridlock

Online News Reporter April 5, 2019

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala-Usman, says the nation’s ports are now attractive and calls on the investors to improve on their patronage. Ms Bala-Usman made this known during a three-day training for Maritime Reporters and Editors on Data-Driven Journalism with the Theme; “NPA and Ongoing Reforms’’ held in Lagos on Wednesday. […]