Business News Archives — Page 15 of 48

February 3, 2021 No Responses

Berger Paints Appoints Gbadebo, Umar As Independent Non-Executive Directors

Berger Paints Nigeria Plc has announced the appointment of Mrs Ereomajuwa Gbadebo and Mrs Aisha Umar, as Independent Non-Executive Directors in a strategic move to boost the board with professionals. A statement issued by the Company Secretary/Legal Adviser, Mr Ayokunle...

February 1, 2021 No Responses

Hoteliers In Anambra Lament Low Patronage

Some operators of hotels in Awka, Anambra State, have expressed worry over the continued losses on their businesses caused by the lingering COVID-19 pandemic and called for government urgent assistance. Some of the hotel owners who spoke to the News Agenc...

January 31, 2021 No Responses

FBN Holdings Announces New Board Members

FBN Holdings Plc has announced the appointments of Mr Seni Adetu and Mrs Juliet Anammah as Independent Non-Executive Directors. The company also appointed Mr Otu Hughes as a Non-Executive Director. In a statement, Group Chairman of FBN Holdings, Dr...

January 30, 2021 No Responses

Methanol Gas Project To Generate 30,000 Jobs

The proposed intergrated methanol and gas project is to create 30, 000 direct and indirect jobs in Nigeria, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said Sylva disclosed this at the signing ceremony of the Final...

January 29, 2021 No Responses

Transcorp Hotels Leverages Technology To Deepen Market Share

Transcorp Hotels Plc is to deploy best technologies to deepen and expand market share in order to maintain leadership position in the hospitality industry. Transcorp Hotels Managing Director/Chief Executive Office, Mrs Dupe Olusola, said this ...

January 29, 2021 No Responses

Air Peace Receives First New Embraer 195-E2 Aircraft

The management of Air Peace has taken delivery of its first new Embraer 195-E2 aircraft from Brazil, expecting 30 more aircraft. Receiving the aircraft, which landed at about 2:30p.m at Nnamdi Azikiwe International Airport, Abuja, on Thursday,&...

January 29, 2021 No Responses

SEPLAT Appoints Okechukwu Mba ANOH Managing Director

Seplat Petroleum Development Company Plc has appointed Mr Okechukwu Mba as the new Managing Director of ANOH Gas Processing Company (AGPC) Limited, the Incorporated Joint Venture (“IJV”) between Seplat and the Nigerian Gas Company (“NGC&#8221...

January 25, 2021 No Responses

China Takes New Foreign Investment Top Spot From US

China has overtaken the US as the world’s top destination for new foreign direct investment, according to UN figures released on Sunday. New investments into America from overseas companies fell by almost half last year, leading to the loss of...

January 24, 2021 No Responses

Lagos Pledges Prompt Payment Of APPEALS Project Counterpart Funds

The Lagos State Government has pledged to make regular payments of its counterpart funds to all donor and World Bank Assisted Projects. The State Commissioner for Agriculture, Ms. Abisola Olusanya made the pledge on Saturday at the opening ...

January 20, 2021 No Responses

SON Destroys 2,000 Substandard Cooking Gas Cylinders

The Standards Organisation of Nigeria (SON) destroyed more than 2,000 substandard cooking gas cylinders fabricated in Onitsha and its environs on Tuesday. Supervising the destruction in Enugu, Mr Obinna Manafa, the Director, Inspectorate and Compliance Directo...

January 19, 2021 No Responses

CBN Boosts Manufacturing In Kano With N10b

Kano Investment and Diaspora, in partnership with the Foreign Commonwealth Development ((LINKS) and Manufacturers Association of Nigeria (MAN) have secured a N10 billion intervention fund from the Central Bank of Nigeria (CBN) to revive companies impacted by t...

January 19, 2021 No Responses

Lagos Secures Court Order To Auction 88 Forfeited Vehicles

The Lagos State Environmental and Special Offences Unit (Taskforce) has obtained a Court order to auction 88 vehicles forfeited to the state government by violators of traffic rules. The Chairman of the agency, CSP Shola Jejeloye, disclosed this in a...

January 16, 2021 No Responses

Heirs Holdings Acquires 45% Of OML 17 From Shell, Total, ENI

Heirs Holdings (HH), in partnership with affiliated company, Transnational Corporation of Nigeria Plc on Friday announced acquisition of 45% participating interest in Nigerian oil licence OML 17 and related assets, th...

January 15, 2021 No Responses

Nigeria Inaugurates Committee On Export Expansion Facility

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, on Thursday inaugurated a steering committee for the implementation of the Export Expansion Facility (EEF) to boost non-oil exports. Adebayo at the virtual inauguration of the committee wa...