By Moses Ebosele – The Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), Zone ‘C’ Owerri has impounded a truck 24,273 cartons of imported frozen poultry products with a Duty Paid Value (DPV) of N256,264,200. A statement issued by…
Buhari bans distribution of conference materials
(NAN) The Federal Government has banned the procurement and distribution of bags, T-shirts and other souvenirs at events such as Conferences and Seminars funded by Federal Ministries, Departments and Agencies (MDAs). A statement issued on Sunday by the Director of…
Skye Bank gets N100b lifeline
The Central Bank of Nigeria (CBN) has approved over N100 Billion to shore up Skye Bank Plc operations and liquidity. Managing Director of the Bank, Mr Tokunmbo Abiru who comfirmed the development explained that the CBN guarantee will not…
Bello canvasses collaboration among maritime agencies
By Moses Ebosele – The Executive Secretary of Nigerian Shippers Council (NSE), Hassan Bello has advised agencies in the maritime sector to collaborate as part of measures to move the sector forward. Receiving the ‘Most Effective Agency in the…
Ijewere, Elumelu, Otti, others laud Oduoza’s tenure at UBA
By Moses Ebosele – The outgoing Managing Director of United Bank for Africa (UBA), Mr. Phillips Oduoza has been commended for his leadership qualities. Speaking in Lagos at a book lauch, cross section of industrialists and philanthropists described Oduoza’s…
Customs impounds N256 Million foreign poultry products
By Moses Ebosele – The Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), Zone ‘C’ Owerri has impounded 24,273 cartons of imported frozen poultry products with a Duty Paid Value (DPV) of N256,264,200. A statement issued by the Public…
Hyundai explains 7.0 % drop in profit
By Moses Ebosele – Citing decrease in export, weak currencies and economic recession in emerging markets, Hyundai Motor Company has announced 7.0 per cent drop in its operating profit for the first half of 2016. However, within the…
Audi declares 950,000 sales, €30.1 billion in six months
By Moses Ebosele – For the first six months of 2016, Audi Group delivered more than 950,000 automobiles of the Audi brand worldwide and “increased its revenue to €30.1 billion”. In its first half of the year financial statement released…
Rolls-Royce projects £100m annualised savings
By Moses Ebosele – Despite one per cent revenue drop in the first half of 2016, Rolls-Royce is to attain £100m annualised savings before the end of 2016 financial year The company explained on Wednesday that as set out…
Buhari approves new appointments in health sector
President Muhammadu Buhari has approved the appointment of five Chief Executives for institutions in Nigeria’s health sector. A statement issued by the Director (press) in the office of the Secretary to the Government of the Federation, Bolaji Adebiyi, disclosed that…
Diamond Bank posts 25.5 % drop in profit
By Moses Ebosele – For the first six months of 2016, Diamond Bank Plc recorded Profit After Tax (PAT) of N9.05 Billion, a decline of 25.5 per cent when compared to N12.3 Billion attained within same period in 2015….
How to boost tourism development in Nigeria, by UN
By Moses Ebosele – To successfully enhance tourism development, the United Nation World Tourism Organization (UNWTO) has advised Nigeria to put into consideration the critical role of technical assistance, capacity building, Tourism Master Plan and international conferences. The UN Agency…
Dangote Cement records 15 per cent drop in profit
By Moses Ebosele – Come August 3, 2016, the management of Dangote Cement Plc will brief the Nigeria Stock Exchange (NSE) and other stakeholders on the financial state of the company especially the 15 per cent drop in its profit…
FBN Holdings announces new board appointments
By Moses Ebosele – FBN Holdings Plc has announced new Board appointments in the FBN Holdings Group, effective July 19 2016. According to the financial institution, the appointments have been approved by the Board of Directors, “but remain…