Local Business

Economic and Financial experts on Saturday said the postponement of the general elections by the Independent National Electoral Commission (INEC) would create uncertainty in the economy and negatively affect inflow of foreign investments.

Latest reports indicate that one person died at an early hour train derailment on Thursday at Ashade railway crossing Agege, Lagos.

Reports say seven passengers have been injured following a train accident at the Mongoro in Ikeja, Lagos.

In what may turn out to be a case of rushing to the media by the Economic and Financial Crimes Commission (EFCC) before carrying out proper investigation, the Management of Union Bank Plc has reacted to the arrest of two men by the Commission at the Enugu Airport stating that it was a legitimate and routine operation consistent with banking.

Two persons have been intercepted carrying $2.8million cash at Akanu Ibiam International Airport, Enugu.

The Board of Diamond Bank Plc on Monday finally announced its merger with Access Bank Plc.

British-Nigerian QUIKFIX NIGERIA LIMITED has signed a contract with 1st Man Global (acting for and on behalf of the Edo State Government) to carry out pothole repairs for the next 5 years using its technologically-advanced Instant Road Repair, the world’s leading highway repair product.

The Kaduna and Kano State governments through their Boards of Internal Revenue have taken some federal government agencies to the North West Zone of the Tax Appeal Tribunal, sitting in Kaduna for failure to remit taxes to them.

The Managing Director of No-Slips Limited, the sole distributor of Sure-step in Nigeria, Mr. Charles Igbinidu has stated that, more Nigerians are sustaining life threatening injuries and death as a result of slip and fall accidents.

The Nigerian National Petroleum Corporation (NNPC) says it has no plan to review pump prices of petroleum products, especially Premium Motor Spirit (PMS), popularly known as petrol.