Category: Economy

NIMASA Seeks BPSR  Guidance To Strengthen Reforms
November 18, 2022 No Responses

NIMASA Seeks BPSR  Guidance To Strengthen Reforms

The Nigerian Maritime Administration and Safety Agency (NIMASA) on Thursday approached the Bureau of Public Service Reforms (BPSR) to strengthen its reforms unit for effective service delivery in line with the Federal Government’s plan.  Aisha Jidda, Director, Reform Coordination and...
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Sylva Lauds UTM Offshore, Technical Partners On Nigeria’s First Floating LNG Facility 
November 18, 2022 No Responses

Sylva Lauds UTM Offshore, Technical Partners On Nigeria’s First Floating LNG Facility 

Nigeria’s quest for energy transition received a huge boost on Wednesday when an indigenous firm, UTM Offshore Limited signed agreements with three technical partners, Kellogg Brown and Root (KBR) UK, Japan Gas Corporation (JGC) and Technip Energies Limited,...
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NPA Inaugurates Export Processing Terminal In Lagos
November 2, 2022 No Responses

NPA Inaugurates Export Processing Terminal In Lagos

The Nigerian Ports Authority (NPA), on Tuesday, inaugurated export processing terminal, Diamond Star Export Processing Terminal in Lagos.  The terminal situated at Lilypond in Ijora, would ensure speedy and seamless processing of export cargoes accessing ...
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Conoil Shareholders Get N1.7b Dividend For 2021  
October 28, 2022 No Responses

Conoil Shareholders Get N1.7b Dividend For 2021  

Shareholders of Conoil Plc, at the weekend, unanimously approved the proposed final dividend payout of N1.734 billion, which translates to N2.50 per share, for the 2021 financial year.   The dividend payment ratified at the company’s 52nd Annual General...
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Union Bank Wins Global Finance Award For Best SME Bank    
October 28, 2022 No Responses

Union Bank Wins Global Finance Award For Best SME Bank    

Union Bank of Nigeria has been named as the Best Small and Medium Enterprises (SME) bank in Nigeria by Global Finance – a leading financial international publication, in its second annual 2023 SME Bank Awards.   A statement sent to...
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Edo Concessions Okomu South, Gele-Gele Forest Reserves
October 28, 2022 No Responses

Edo Concessions Okomu South, Gele-Gele Forest Reserves

The Edo State Government has signed a 30-year conservation/eco-tourism concession with Africa Nature Investors (ANI) Foundation as part of measures to protect endangered forest elephants, white-throated monkeys and the farming population, among others in the O...
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Q3: Unity Bank Declares N2.2b Profit  
October 28, 2022 No Responses

Q3: Unity Bank Declares N2.2b Profit  

Unity Bank Plc has declared a N2.2 billion profit for the nine-month period ended September 30, 2022, with 17% growth in gross earnings to N42.2 billion for the same period, as against N36.2 billion in the corresponding period of 2021....
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TotalEnergies Attains $9.9b Income In Q3  
October 28, 2022 No Responses

TotalEnergies Attains $9.9b Income In Q3  

French-headquartered energy giant TotalEnergies has strengthened its balance sheet and doubled its profit in the third quarter  (Q3) of 2022 on a year-on-year basis, driven by its LNG business and higher gas prices due to the Ukraine crisis. &nb...
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Sterling Bank Highlights Opportunities In Agric Sector  
October 28, 2022 No Responses

Sterling Bank Highlights Opportunities In Agric Sector  

There are massive opportunities in the agricultural sector of the Nigerian economy for those who are prepared to work hard with a clear vision and commitment, Chairman, Board of Directors, Sterling Bank, Asue Ighodalo has said.    Ighodalo made the.....
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Emefiele To Risks Managers: Remain Vigilant, Deal With Complex Risks
October 28, 2022 No Responses

Emefiele To Risks Managers: Remain Vigilant, Deal With Complex Risks

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged risks managers to be vigilant in order to deal with the complex risks the country is currently facing.   Emefiele gave the advice at the 2nd National Risk Management Conference,.....
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FBN Holdings Declares N91.2b Profit In Q3  
October 28, 2022 No Responses

FBN Holdings Declares N91.2b Profit In Q3  

For the third quarter ended September 30, 2021, FBN Holdings (FBNH) Plc has declared a profit after tax (PAT) of N91.2 billion, amounting to a growth of 123.6 per cent when compared with N40.8 billion achieved in the comparative period of...
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Grimaldi Secures Order For Five Car Truck Carriers  
October 27, 2022 No Responses

Grimaldi Secures Order For Five Car Truck Carriers  

The Italian shipping company Grimaldi Group has signed an order for the construction of five new Pure Car Truck Carriers (PCTCs) with China Merchants Heavy Industries Jiangsu, which is part of China Merchant Industry Holdings. According to World Maritime ...
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Hyundai breaks Ground On $5.5b EV, Battery Plant  
October 27, 2022 No Responses

Hyundai breaks Ground On $5.5b EV, Battery Plant  

Hyundai Motor Company broke ground on a $5.54 billion Electric Vehicle (EV) and battery plant in the United States.   According to Reuters, the investment is the largest in the state’s history and the latest in a string of EV...
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FIRS Begins Direct Collection Of Taxes From Online Gaming Operators
October 27, 2022 No Responses

FIRS Begins Direct Collection Of Taxes From Online Gaming Operators

The Federal Inland Revenue Service (FIRS) has commenced the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National Payment Gateway and Electronic Solution.     In a Public Notice signed by its E...
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