Chief Mrs Nkechi Obi (MON), who was the Executive Vice Chairman of Techno Oil and Gas, in the year 1998, is an astute business woman, whose doggedness nurtured Techno Oil, from an Exxo franchise and Lubricant product seller, to the fastest growing indigenous Oil and Gas firm in Nigeria. Today, Techno Oil can conveniently boast […]
Temitope Omoniyi 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 commendation to the corporation, the awards committee anchored by Business Day Research and […]
Lafarge Africa Plc has issued a N60 billion commercial paper (CP) to raise funds for short- term obligations and to authenticate the CP programme, the FMDQ Securities Exchange board listing, markets and technology committee has approved the registration of the CP Programme, to its platform. The FMDQ OTC Securities Exchange or the OTC Exchange, in […]
No fewer than 28 ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from Sept. 25 to Oct. 5. The Nigerian Ports Authority (NPA) stated this in its publication, `Shipping Position’, made available to NAN, Monday in Lagos. The ships were bringing bulk […]
Once again, the Christian Association of Nigeria (CAN) on Thursday, said it has been compelled to raise a petition and protest against the unrelenting plan of the Federal Government of Nigeria to introduce Islamic financing into a secular state in violation of Section 10 of the Constitution. According to this section in the Constitution, the […]
The National Bureau of Statistics on Tuesday released the capital importation report, stating that investment inflows into the country rose by 95.02 percent from $884.1m in the first quarter of this year to $1.79bn in the second quarter. While on year on year, this was an increase of 43.6% from the $1.042.2 recorded in Q2 […]
The National Economic Council, Nigeria’s highest economic decision making body, rose from its meeting on September 22, 2016, with a battle plan to salvage the dwindling economic fortunes of the erstwhile biggest economy in Africa. Key among the resolutions reached were the sale of government assets and the adoption of infrastructure concession to tackle the […]
Former Nigeria Ambassador to Guinea Bissau Chief Justina Eze, of Nigeria has urged youths to make honesty their trademark in business if they want to succeed in life. Eze gave the advice on Friday at University of Nigeria, Nsukka during the 2nd International conference organised by Young Innovators Forum in collaboration with Lifyead Africa and […]
President Idriss Deby Itno of Chad has ratified the Agreement on the Establishment of the African Export-Import Bank (Afreximbank), concluding the formalisation of the country’s membership of the continental trade finance bank. An official message from Ngabo Seli Mbogo, Minister of Finance and Budget of Chad, transmitting the instrument of ratification to Dr. Benedict Oramah, […]
A global index agency, Ashish J. Thakkar Global Entrepreneurship Index of 85 countries, has ranked Nigeria as the 15thworst place to do business globally. The country was ranked 70 out of the ranked countries. Singapore was rated as the best environment for entrepreneurs. In Africa, Namibia remains the best, coming 42 ahead of other prominent […]
Discovery airline which had its Air Operators Certificate (AOC) restored about two weeks ago will start flight operations in July this year. Investigation by Daily Times showed that the management of the airline was planning the repositioning of the airline for better performance as soon as it takes off. The airline it was […]
The Nigerian National Petroleum Corporation, (NNPC), is leading the drive to attract massive global investments into the nation’s gas sub-sector as a way of ameliorating the effect of drop in crude oil prices on the Nigerian economy. In an address at the panel session organinsed by the Petroleum Technology Association of Nigeria, (PETAN), at the […]
Emirates, a global connector of people and places, and South African Tourism, the marketing agency for South Africa, today signed a Memorandum of Agreement (MoA) that will open the way for the development of joint marketing initiatives aimed at growing the number of visitors from the Middle East to South Africa. The MoA was signed […]
In spite of the general elections, market uncertainty and keen competition cement/construction sector, Lafarge Africa yesterday announced a profit after tax of N8.621 billion for the first quarter ended March 31, 2015 from N7.202 billion in the same period 2014 and N14.6 billion cash from its operations. Mr. Olusegun Osunkeye; Chairman, Board of Directors, […]
The investment potentials of the $300m Aba Mega Mall (AMM) , literally got investors who gathered at a London road show on Monday, March 23, salivating and itching for a piece of the action. Apart from the promised returns of about seven per cent on investments outlined by AMM’s Managing Director, Paul Obanua, the regeneration […]
Prof Jere Bala, the Director-General of the Energy Commission of Nigeria (ECN) has revealed that solar electricity generation has reached 28 megawatts. Bala disclosed this in Abuja, adding that Nigeria had started integrating some of the alternative energy sources, like the penetration of solar energy into energy supply in the country. “A lot of solar […]
Industry stakeholders have called for a thorough amendment of the National Oil Spill Detection and Response Agency, NOSDRA Bill currently before the National Assembly, to remove any conflict between it and the Petroleum Industry Bill, PIB. Among the stakeholders, were officials of the Federal Ministry of Environment, Department of Petroleum Resources, DPR, and oil […]
The Executive Secretary of Shippers’ Council, Mr. Hassan Bello has said that the Council will not renege on its position in rejecting further hike in tariffs that would make the Nigerian ports uncompetitive. Bello stated this when he hosted the Senior Special Adviser (SSA) to the president on maritime matters, Mr. Leke Oyewole, and the […]
The Nigerian economy continues to be resilient against fiscal and investment instability, the latest disclosure by the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), shows that the economy has been hit by reversal of portfolio investments, resulting in a drop of Net Foreign Assets (NFA). The Monetary Policy Committee met on 23rd and […]
The Federal Government has said it would not recognise the factional group of the Nigeria Labour Congress, NLC, led by Mr Joe Ajearo of the National Union of Electricity Employees, NUEE, in Abuja. The Minister of Labour and Productivity, Sen. Joel Ikenya, declared the stance of the Federal Government when Dr Ayuba Wabba, led other […]