Over N100bn are consistently lost to sub-standard products in Nigeria, the Director General of Standard Organisation of Nigeria (SON), Mr. Osita Aboloma, has lamented. Aboloma, who made the disclosure in Lagos, added that each time substandard goods were seized, their...

About 65 percent market share of cement industry in Nigeria is dominated by Dangote cement plc, a report has shown. Outside of Nigeria, other African plants’ volumes went up by 7.5 per cent to 7.0 mta. The cement company has in...

Oil prices has risen over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures, the international benchmark for oil prices, were at 57.84 dollars. U.S....

President Muhammadu Buhari has approved the payment of pension to police officers who served in the defunct Biafran Police and who were equally granted presidential pardon in 2000. The Pension Transitional Arrangement Directorate (PTAD) on Wednesday announced that about 162 of such...

The Nigeria Deposit Insurance Corporation (NDIC) has been conferred with the Special Recognition and Commendation Award for Excellence in Banking (Public Service) at the Business Day Banking Awards 2017 which was held on October 14, 2017. In a letter of...

The Nigerian National Petroleum Corporation (NNPC) has a stock of over two billion litres of Premium Motor Spirit (PMS), also known as petrol, to ensure a hitch-free end-of-year movement of motorists, a period hitherto sometimes characterized by supply and...