26.63Lagos

Tuesday, 18 January 2022

headlines
  • Edo Explores Water Transport Potentials - Edo State Government has pledged to harness economic potentials in its water transportation ecosystem as part of measures to boost economic growth and development.  Chairman of the Edo State Oil and Gas Producing Areas Development Commission (EDSOGPADEC), Pastor Kennedy Osifo disclosed this to journalists in Benin City, when he led...
  • Unilever To Revisits $65b Merger Deal With GSK - Unilever has signaled it will continue pursuing a blockbuster deal to buy GlaxoSmithKline’s (GSK) healthcare arm. Unilever has already had a £50b ($65b) offer rejected, but said on Monday a deal would be a “strong strategic fit”.  GSK’s health products business owns brands such as Sensodyne toothpaste, Panadol and Centrum vitamins. ...
  • Army Takes Delivery Of 15 New Toyota Hilux - The Nigerian Army has taken delivery of not less than 15 new Toyota Hilux to reward former and present personnel as part of measures to boost morals.  Under the arrangement and in line with the series of activities marking the Armed Forces Remembrance Day 2022, the Chief of Army Staff (COAS)...
  • EEDC Decries Energy Theft, Meter Bypass In S/East - The management of Enugu Electricity Distribution Company (EEDC), on Sunday, decried the raising spate of outright energy theft and meter bypass within the South-East.  “This development has consistently impacted negatively on the revenue of the company and ultimately impacted its ability to meet up with its obligations to market operators,”...
  • GSK Rejects $65b Unilever Bid For Consumer Goods Division - GlaxoSmithKline has rejected three Unilever offers to buy its consumer goods division, including one worth £50b ($65b). GSK said the proposals “fundamentally failed” to reflect the value of the division.  With a successful bid, Unilever – which owns Marmite, Dove and PG Tips – would add Sensodyne toothpaste and Panadol...
Edo Explores Water Transport Potentials

Edo Explores Water Transport Potentials

Edo State Government has pledged to harness economic potentials in its water transportation ecosystem as part of measures to boost economic growth and...
Unilever To Revisits $65b Merger Deal With GSK

Unilever To Revisits $65b Merger Deal With GSK

Unilever has signaled it will continue pursuing a blockbuster deal to buy GlaxoSmithKline’s (GSK) healthcare arm. Unilever has already had a £50b ($65b) offer...
Army Takes Delivery Of 15 New Toyota Hilux

Army Takes Delivery Of 15 New Toyota Hilux

The Nigerian Army has taken delivery of not less than 15 new Toyota Hilux to reward former and present personnel as part of measures...

Unilever To Revisits $65b Merger Deal With GSK

Unilever has signaled it will continue pursuing a blockbuster deal to buy GlaxoSmithKline’s (GSK) healthcare arm. Unilever has already had a £50b ($65b) offer rejected, but said on Monday a deal would be a &#...

LADOL Retains ISO 45001:2018, 14001:2015 Certifications

LADOL Free Zone has renewed and retained its International Organization for Standardization, ISO 45001:2018+14001:2015 certifications. A statement explained that the certifications are part of the company’s efforts to ...

Supreme Court Reverses N2.4b Ruling Against GTBank

The Supreme Court has reversed its earlier decision which dismissed an appeal filed by Guaranty Trust Bank against a N2.4bn judgment given in favour of Innoson Motors Nigeria Limited by the Court of Appeal in Ibadan, Oyo...

Opinion: Nigeria – A New Year But Same Old Story?

By Lukman Otunuga, Senior Research Analyst at FXTM — 2022 could be a critical year for Africa’s largest economy as it navigates through Covid-19 and inflation-infested waters. Global economic conditions remain st...

Unlawful Arrest: Court Awards N100m Compensation In Favour Of Oyo...

An Oyo State High Court sitting in Oyo Town on Monday awarded N100 million as compensation in favour of an Oyo based businessman, Mr Azeez Akintunde, over his unlawful arrest.  Justice Elijah Taiwo delivered the jud...

Capital Market/Banking

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Dangote Advocates Unity Among Africans As Afreximbank Unveil Centralised Payment,...

President of Dangote Group, Aliko Dangote, has charged African leaders and citizens to be united in the promotion of the continent’s intrinsic greatness through improved trade relations amongst African countries. &nbsp...

FMDQ Admits MeCure Industries Commercial Papers

FMDQ Securities Exchange has approved the quotation of the MeCure Industries Ltd Series 1 and Series 2 Commercial Papers (CPs) on its platform.  In a statement issued on Friday, FMDQ explained that the Series 1 (N0....

Opinion: Nigerian Shares Steady But Dollar Sinks As Investors Digest...

By Lukman Otunuga, Senior Research Analyst at FXTM — Nigerian shares hovered around 2021 highs on Thursday, gaining over 4.4% year-to-datedespite the December U.S. inflation report reinforcing Fed rate hike expecta...
Ecobank

Ecobank Restates Commitment To Pan African Trade, AfCFTA

Ecobank has reiterated that it remains the partner of choice in Africa for export trade because of its unique positioning, wide network, pan African payment switch, settlement capabilities, award winning digital products...

NGX Sustains Growth By N130b On BUA Foods Rally

The bulls sustained trading on the nation’s bourse on Friday with the market capitalisation extending growth by N130 billion.  Specifically, the market capitalisation which opened at N23.497 trillion rose by N130 ...

Maritime

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EU Blocks Hyundai, Daewoo Shipping Merger

The European Commission has adopted a decision to prohibit a mega-merger that would combine two South Korean shipbuilding companies, Hyundai Heavy Industries Holdings (HHIH) and Daewoo Shipbuilding & Marine Engineeri...

Shippers’ Council Seeks Incentives To Boost Indigenous Shipowners Operations

The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Emmanuel Jime, on Friday said the council would pursue incentives that would boost indigenous shipowners operations.  Jime said this when Dr Mkgeorge O...

Again, Singapore Is World’s Leading Maritime City

Singapore has retained the number one spot in the Leading Maritime Cities (LMC) report conducted by Norwegian classification society DNV and Norwegian consultancy Menon Economics AS.  The 2022 edition of t...

NPA To Receive 23 Ships At Lagos Seaports

The Nigerian Ports Authority (NPA) is expecting 23 ships laden with petroleum products, food items and others from January 12 to Janury20, 2022.  NPA, through its publication, `Shipping Position` explained on Wednes...

Lagos Shippers To Monitor Cargo Defence Fund

The Shippers Association of Lagos State (SALS) on Tuesday said it would monitor the implementation of the Cargo Defence Fund to make it effective.  The spokesperson for SALS, Dr Kayode Farinto, made this known at a ...

Reliance, Hyundai, Bid For Incentives Under India’s $2.4b Battery Scheme

Indian conglomerate, Reliance Industries, South Korea’s Hyundai Motor Co and automaker Mahindra & Mahindra are among companies that have submitted bids under the country’s $2.4 billion battery scheme, two...

Porsche Delivers 301,915 Vehicles In 2021

Between January and December 2021, Porsche delivered a record 301,915 vehicles to customers worldwide, 11 percent more than 2020.  A statement issued by the German luxury sports car manufacturer, quoted a member of ...

Toyota Nigeria Gets Multiple Awards

Toyota Nigeria Limited (TNL), recently, occupied the centre stage at the 2021 edition of the annual Nigeria Auto Journalists Association (NAJA) awards held in Lagos State, Nigeria.   TNL got three prized p...

Rolls-Royce Delivers 5,586 Cars In 2021

By Moses Ebosele, ebosele@hotmail.com Between January and December 2021, Rolls-Royce Motor Cars delivered 5,586 cars to clients around the world, up 49 per cent when compared with same period in 2020.  Rolls-Ro...

2021: Hyundai Group Delivers 1.49m Units In US

Between January and December 2021, Hyundai Motor Group, Hyundai, Kia, and Genesis sold a total of 1,489,118 units of vehicles in the United States market  Hyundai Motor sold 738,081 units in the US market last year,...

EEDC Decries Energy Theft, Meter Bypass In S/East

The management of Enugu Electricity Distribution Company (EEDC), on Sunday, decried the raising spate of outright energy theft and meter bypass within the South-East.  “This development has consistently impacted n...

NLNG Channels 100% LPG Production To Nigerian Market

The Board of Directors of Nigeria LNG (NLNG) has approved the supply of 100 per cent of the company’s LPG production (propane and butane) to the Nigerian market.  A statement issued on Thursday by Mr Andy Odeh, Ge...

NLNG Debunks Train 7 Project Vacancies

The Nigerian Liquefied Natural Gas  (NLNG) has debunked an online advertisement announcing vacancies for its Train 7 Project positions.  A statement issued on Wednesday by General Manager, External Relatio...

SEC Reiterates Listing Of NNPC, Dangote Refineries, Others

By Moses Ebosele, ebosele@hotmail.com  — The Securities and Exchange Commission (SEC ) is to carry out advocacy efforts to relevant Government Agencies such as the Nigerian National Petroleum Corporation (NNPC) a...

Oil Prices Edge Up Over Supply Worries

Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections. Brent crude gained 16 cents, or 0.2%, at $81.91 a barrel at 0406 GMT, ...

Photo News

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Photo News

L-R: Director, Mainstreet Capital Ltd, Mr Mamman Bukar Zargana, Group CEO Emerging Africa Capital Ltd, Mrs Toyin Sanni and Director General, Securities and Exchange Commission (SEC), Mr Lamido Yuguda during a Meeting bet...

Photo News

L – R: Mr. Chukwuma Maduka; Mr. Peter Maduka; Dr. Cosmas Maduka(Widower); Mr. Cosmas Junior Maduka at the Service of Songs for late Mrs. Charity Maduka held at the country home of the Maduka’s in Nnewi, Anamb...

Photo News

L-R: Mr Sa’ad Ahmed, Head, Intergovernmental Department, Asset Management Corporation of Nigeria (AMCON); Major General Shuaibu Ibrahim, the Director-General of the NYSC; Dr Eberechukwu Uneze, Executive ...

Photo News

From left, President, Catholic Media Practitioners Association of Nigeria (CAMPAN) Lagos Chapter, Mrs Neta Nwosu; Director, Social Communications, Lagos Catholic Archdiocese, Reverend Father Anthony Godonu; Catholic Arch...

Photo News

R-L: DG NIMASA, Dr. Bashir Jamoh; bride, Hadiza Bashir Jamoh; groom, Abba Kabir Dankaura; bride’s mother, Zulahi Bashir Jamoh; and Wakilin Katsina, Alhaji Kabir Murnai, at the wedding Fatiha of Jamoh’s daughter in Ka...

Security/Safety

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Army Takes Delivery Of 15 New Toyota Hilux

Army Takes Delivery Of 15 New Toyota Hilux

The Nigerian Army has taken delivery of not less than 15 new Toyota Hilux to reward former and present personnel as part of measures...
SON Tackles Cyber Crimes, Hackers With Standardisation

SON Tackles Cyber Crimes, Hackers With Standardisation

The Standards Organisation of Nigeria (SON) has expressed its commitment to standardise the nation’s Information Technology (IT) sector as part of measures to...
2021: FRSC Records 235 Road Accidents, 149 Deaths In Edo

2021: FRSC Records 235 Road Accidents, 149 Deaths...

Between January and December 2021, Edo State Command of the Federal Road Safety Corps (FRSC) recorded not less than 235 Road Traffic Crashes (RTCs) and 149 deaths....

Agriculture

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Kano Inoculates 1.3m Animals

The Kano State Agro-Pastoral Development Agency (KSAPD)has inoculated 1,364,612 animals against zoonoses.   According to KSAPD, the exercise was carried out in 2021 during the Livestock Vaccination Ca...

FG Releases 49 New Crop Varieties To Farmers

As part of measures to boost food production in Nigeria, the Federal Government has released 49 new high yield crop varieties to farmers through the National Varieties Release Committee (NVRC).  NVRC Chair...

Edo Explains Fresh Agenda To Boost Oil Palm Development

Edo State Government has concluded plans to launch the state’s Oil Palm Development initiative and Cluster Farm initiative as part of ongoing reforms in the agricultural sector.   The State Governor...

Education

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NCC Boss, Danbatta, To Deliver Fountain University’s Convocation Lecture

Apparently spurred by the vision, objectives and successes of policies, programmes and projects instituted by the Nigerian Communications Commission (NCC) to bridge the digital divide and encourage the youth to...

Adeboye, Wife Donate Multi-Billion Naira Building To Redeemer’s Varsity

Redeemer’s University, Ede, Osun State, is now positioned to compete with other outstanding universities globally, General Overseer, Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboy...

Dangote Refinery Awards Scholarship To Students In Host Communities

As part of its Corporate Social Responsibility (CSR) programmes, Dangote Oil Refining Company has awarded scholarships to students of 137 tertiary institutions and secondary schools from its host communities in...