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‘How Banks Make Free Money’ By CBN Governor

August 27, 2018 Omoniyi Osadare 0

In an address to Pressmen, about 5 years ago, in Abuja, Lamido Sanusi, who was then CBN Governor (2009-2014), unexpectedly, decried the prevailing monetary framework which facilitated banks’ access to make free money from their […]

Business

Multichoice Appeals Court Order, Insists On New DSTV, GoTV Tariffs | PremiumTimes

August 25, 2018 Omoniyi Osadare 0

MultiChoice Nigeria said on Friday it filed an appeal against last Monday’s order of the Federal High Court, Abuja stopping it from increasing subscription rates to its cable television services. But, the Consumer Protection Council […]

Business

The African Road to China, By Owei Lakemfa

August 24, 2018 Omoniyi Osadare 0

African leaders also need to learn from the Chinese elite who are focused, programmatic, result-oriented, patriotic, people-centred and for whom, generally, the law is no respecter of status, beliefs or origins. Also, we need to […]

Business

Macron: It’s True Startups In Nigeria Have Less Favourable Conditions Than Those In US | TheCable

August 23, 2018 Omoniyi Osadare 0

Most often much more is learnt from an event when it is reported because so much is stolen from being recorded in memory by the glitz of events and the size of the content. So […]

Business

DSTV Subscription Rate Increase Done In Bad Faith — CPC

August 23, 2018 Omoniyi Osadare 0

The Consumer Protection Council on Wednesday said it opposed the increase in subscription rates for DSTV and GoTV by MultiChoice Nigeria due to its violation of the spirit of collaboration. The Director-General, CPC, Mr Babatunde […]

Business

BREAKING: Court Halts MultiChoice’s Hike In DStv Subscription Rates

August 20, 2018 Omoniyi Osadare 0

A Federal High Court sitting in Maitama, Abuja, has restrained MultiChoice Nigeria Limited from implementing its recent hike in DStv subscription rates. In July, MultiChoice raised the subscription rate for the DSTV Premium package from […]

Business

Killing Small Businesses Softly By Simon Kolawole

August 19, 2018 Omoniyi Osadare 0

Some years ago, I was at the Nnamdi Azikiwe University, Awka, Anambra state, for a public lecture. An obviously popular lecturer was invited to the podium to make his contributions. Students went gaga, screaming his […]

Business

Eko Disco To Stop Cash Payments, Seeks Consumers’ Cooperation By Stanley Opara

August 16, 2018 Omoniyi Osadare 0

Eko Electricity Distribution Company Plc (EKEDC) has urged its customers to embrace modern electronic payment platforms for electricity consumed, as it works towards eliminating cash payment. The company’s Chief Financial Officer, Joseph Esenwa, disclosed this […]

Business

Lagos Light Rail To Begin Operation In 2022 | Punch

August 13, 2018 Omoniyi Osadare 0

The Lagos State Government has announced that its light rail project running between Mile 2 and Marina will now commence passenger operation in 2022. The mass transit rail project called the Blue Line awarded to […]

Business

Abuja DisCos To Roll Out Over 200,000 Prepaid Meters To End Estimated Billing | TheCable

August 12, 2018 Omoniyi Osadare 0

Ernest Mupwaya, managing director of Abuja Electricity Distribution Company (AEDC), says the firm is committing N10 billion to the provision of 222,728 pieces of meters in the next five months. He disclosed this on Wednesday […]

Business

Rejuvenating The SMEs Sector | Punch

August 6, 2018 Omoniyi Osadare 0

A new initiative to rejuvenate small and medium scale enterprises in the country is in the offing. The Bank of Industry has raised $750 million (about N250 billion) which it aims to lend to the […]

Business

Agric Equipment Fabricators Seek End To Job, Wealth Exportation By Femi Ibirogba

August 6, 2018 Omoniyi Osadare 0

FEMI IBIROGBA writes on the need to promote homegrown technologies towards commercialisation of agriculture and ensuring food security. Homegrown science and technologies have been described as invaluable resources in the efforts to promote agriculture and […]

Business

Osinbajo Announces New 5% Credit Facility For MSMEs

August 4, 2018 Omoniyi Osadare 0

Vice President Yemi Osinbajo has announced a new five percent credit facility for Micro, Small and Medium Enterprises (MSMEs) to stimulate the sector. Speaking at the maiden edition of the national MSMEs award, he said […]

Business

Nigeria To Become Third World Largest Exporter of Gas | Punch

August 4, 2018 Omoniyi Osadare 0

The Nigeria Liquefied Natural Gas Ltd., says its ongoing plans to reach a Final Investment Decision on its Train-7 project by December will make Nigeria the 3rd World largest gas exporter. The NLNG General Manager […]

Business

PremiumTimes EXCLUSIVE: I Moved To Nigeria From UK For Tax Reason – Indian Businessman

August 3, 2018 Omoniyi Osadare 0

An Indian national and businessman has revealed that he left the United Kingdom to settle and do businesses in Nigeria because of tax reasons, a claim suggesting that Nigeria’s tax system is either more business […]

Business

Apple Is World’s First Trillion Dollar Private Company

August 3, 2018 Omoniyi Osadare 0

U.S. Tech giant Apple Inc has made world history as the first private company in the world to record a market valuation of $1 trillion and even surpass the milestone. PetroChina owned by the Chinese […]

Business

Nigerian Businesses ‘Spend N5trn’ Annually on Generators | TheCable

August 1, 2018 Omoniyi Osadare 0

Sanusi Ohiare, executive director of rural electrification fund, Rural Electrification Agency (REA), says an estimated N5trn is expended yearly on importing, fuelling and maintaining generators by businesses in the country. He said this at the […]

Business

DisCos: In 5 Years, We’ve Not Made Any Profit From Our N427bn Investment | TheCable

July 31, 2018 Omoniyi Osadare 0

Electricity distribution companies (DisCos) say they have not made any profit from their $1.4 billion (N427 billion) investment in distribution assets. The federal government privatised the power sector in 2013. In a statement on Tuesday, […]

Business

Budget Timeframe Bill, Controversies And Fiscal Law Violations

July 31, 2018 Omoniyi Osadare 0

Nigeria has earned a place in the records of both international and local organisations monitoring budgeting processes and implementations. Sadly, most of the times, it is not for good, because the country has not only […]

Business

Blatant Trade Bullying Will Only Backfire By Zhou Pingjian

July 30, 2018 Omoniyi Osadare 0

On July 20, the United States threatened to impose tariffs on all US$500bn worth of Chinese imports. Earlier on July 6, the US announced to impose 25 per cent tariffs on US$34bn worth of Chinese […]

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