Wednesday 20 November, 2019
Edition: English (US)
Category Archives: Business News

Dr. Joy Ogaji Electricity Generation Companies (GenCos) have threatened to shut down their power plants over the continuous imposition of a planned 0.75 percent gas supply administrative charge by the Nigerian Bulk Electricity Trading Plc (NBET). They...

By Optimum Times on Nov 19th, 2019

The National Bureau of Statistics (NBS) said that Nigeria’s annual inflation rate rose from 11.24 per cent in September to 11.61 per cent in October. The Bureau disclosed this in its monthly Consumer Price Index (CPI)  report for October...

By Optimum Times on Nov 19th, 2019

The Central Bank of Nigeria (CBN), has intervened in the Retail Secondary Market Intervention Sales (SMIS), to the tune of $341.75 million in addition to CNY14.7 million in the spot and short-tenored forwards segment of the inter-bank foreign...

By Optimum Times on Nov 17th, 2019

SON officials evacuating the substandard cooking wares and blenders in Ilorin GRA The Standards Organisation of Nigeria (SON) has apprehended a syndicate of three Egyptians specialized in the importation and distribution of substandard stainless...

By Optimum Times on Nov 17th, 2019

The Director General/Chief Executive of National Metallurgical Development Center (NMDC), Jos, Engr. Professor Linus Asuquo has canvassed for coordinated manpower development in the country, noting that it is a major catalyst for economic emancipation. Professor...

By Optimum Times on Nov 16th, 2019

NNPC GMD, Mallam Mele Kyari, clarifying a point with the Country Manager, Power Africa, and leader of the United States Trade and Development Agency (USTDA) delegation, Jullian Foerster, during a business meeting at the NNPC Towers …Thursday. The...

By Optimum Times on Nov 15th, 2019

The Central Bank of Nigeria has released a total of N610.4bn to the banks for farmers under the Commercial Agricultural Credit Scheme. The CBN disclosed this in its economic report for the third quarter report on the performance of the CACS. Part...

By Optimum Times on Nov 14th, 2019

The Association of Pension Desk Practitioners of Nigeria (APDPN) has urged the Federal Government to compel Nigerian employers to remit their employees’ contributions to their Retirement Savings Account (RSA). Director of the association,...

By Optimum Times on Nov 14th, 2019

NNPC GMD, Mallam Mele Kyari, exchanging pleasantries with the President of the Nigeria Union of Petroleum and Natural Gas Worker (NUPENG), Comrade Williams Akporehe. With them is the National President of the Nigerian Association of Road Transport...

By Optimum Times on Nov 14th, 2019

NNPC GMD, Mallam Mele Kyari (right) congratulating the Chairman, Board of Directors of NNPC Retail and NNPC Chief Operating Officer, Gas and Power, Engr. Yusuf Usman, on his appointment during the inauguration of the Board on Moday at the NNPC...

By Optimum Times on Nov 13th, 2019