POSTS BY: ONOME OHWOVORIOLE

FG includes additional loans in 2016-2018 external borrowing plan

The federal government has sought the approval of the National assembly to take additional loans under the 2016-2018 external...


Leventis Motors stops distribution of JCB construction equipment

Mr. Nikolaos Giannousas, general manager Leventis motors says the company will no longer distribute JCB construction equipment in Nigeria....


UACN seeking N15.4 billion through rights issue

UACN, one of Nigeria’s oldest conglomerates yesterday sent a notice to the Nigerian Stock Exchange (NSE)with respect to a...



UBA launches Eurobond programme

Nairametrics. Barely a few weeks after Zenith issued a statement concerning issuing a Eurobond, UBA has followed suit. Here...


Low down on Adeosun’s plan to hike interest rates on unpaid taxes

Nairametrics| Individuals who default in paying taxes will face a hike in the interest rates on arrears . Minister...


Okomu Oil Palm to spend N250 million on CSR this year

Nairametrics| Okomu Oil palm plans to spend N250 million on Corporate Social Responsibility (CSR) in 2017. Here is the...


Kachikwu tells BBC he may step down in 2019 if refineries don’t work

Nairametrics| Minister of state for petroleum, Ibe Kachikwu has promised to step down from his post if Nigeria does...


Why the FG is increasing its stake in the Islamic Development Bank

Nairametrics| Nigeria has decided to reinvest its dividends from the Islamic Development Bank (IDB) for the year 2016. This...


Amcon’s reasons for taking over Wokson International

Nairametrics| The Asset Management Corporation of Nigeria (AMCON) on Friday took over the assets of Woksons International and its...


Banks to now charge N600 (up from N50) as annual ATM card maintenance fee

Recently revised bank charges by the Central Bank of Nigeria will take effect this month. The CBN had earlier...


Why Fidson may acquire May and Baker

Nairametrics| Though the Nigerian Stock Exchange has witnessed an uptick, stocks in the healthcare sector have typically being laggards....


GE to open $100 million plant that can service and repair power turbines

Contrary to earlier reports, General Electric (GE) plans to launch a repair and service plant for power turbines. News...


Medview Airlines says EU ban is not total

Nairametrics In a statement issued yesterday on its twitter handle, Medview airlines says its EU operations are operating as scheduled...


Dangote shuts down tomato factory. Again.

Nairametrics|Barely three months after resumption, Africa’s richest man Aliko Dangote has been forced to close it down again, due...


EU Bans Medview Airlines from flying into Europe

Nairametrics|The European Commission yesterday banned several airlines from flying into European airspace. Several airlines were banned including a Nigerian...


One more Chibok girl has been rescued.

Nairametrics| Efforts to rescue the Chibok girls seem to be yielding efforts as another was rescued today. Special adviser...


Dangote can lift 2 million people from poverty

Nairametrics| A recently released report by Oxfam, an NGO based in the United Kingdom states that the top 5...


Customs lose N3 billion to strike at Lagos ports

Nairametrics| As the strike at Lagos ports enters its second day, estimates for the losses by the NCS is...


Dangote Industries and Flour Mills have agreed to spend N2.5 billlion on Apapa-Oshodi Expressway

Nairametrics| Dangote industries and Flour Mills have decided to spend N2.5 billion to fix roads leading to the Apapa...


About Helpcolony, the new scheme that has replaced MMM

Nairametrics| It appears Nigerians are still gullible when it comes to Ponzi schemes as helpcolony.com another get rich scheme has...