Business News Archives — Page 19 of 48

November 7, 2020 No Responses

WAEC Explains N1.5b Budget For 2020 WASSCE

The West Africa Examinations Council (WAEC), said it spent over N1.5 billion to conduct the 2020 West African Senior School Certificate Examinations (WASSCE). Head, WAEC National Office in Nigeria, Mr Areghan Patrick, disclosed this on Friday in Abuja at the...

November 7, 2020 No Responses

NRC Generates N1.4b IGR, Remits N245m To TSA

The Nigerian Railway Corporation (NRC) on Friday said its Internally Generated Revenue (IGR) as at September 30 stood at N1.4billion as against N4.4billion projection for 2020. Managing Director of NRC, Mr Fidets Okhiria, in a statement explai...

November 4, 2020 No Responses

Fidelity Bank Declares N20.3b Profit In Q3

For the 2020 Third Quarter (Q3), Fidelity Bank Plc presented its results to the Nigerian Stock Exchange (NSE). Details of the results show improvements in key indices though Gross Earnings dropped marginally by 3.7% from N161.1bn in 2019 to N...

November 3, 2020 No Responses

SIFAX Group Subsidiaries Get ISO Quality Certification

Three of SIFAX Group’s subsidiaries- Ports & Cargo Handling Services Limited, SIFAX Shipping Company Limited and SIFAX Nigeria Limited all bagged the ISO 9001:2015 certificates. The award presentation ceremony was held at SIFAX Group’s head office at A...

November 3, 2020 No Responses

FG Generates N424.71b VAT In Q3

November 2, 2020 No Responses

Ecobank Restates Commitment To AfCFTA

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has said the bank is prepared to partner with other organizations to explore the opportunities available in the African Continental Free Trade Area (AfCFTA). Akinwuntan in his remark at an event ...

November 1, 2020 No Responses

Fidelity Bank CEO Reaffirms Commitment To Sound Ethical Business Practices

Fidelity Bank Plc Chief Executive Officer, Mr. Nnamdi Okonkwo has restated the bank’s commitment to the highest standards of ethical and professional conduct in its dealings with customers and all stakeholders. Okonkwo gave the assurance as part of acti...

October 29, 2020 No Responses

Sterling Bank Unveils ‘Switch’ Free Money Transfer Service For Nigerians In Diaspora

Sterling Bank Plc has launched “a free money transfer service” for Nigerians in diaspora, called ‘Switch’, to promote financial inclusion, international banking and allied services for such Nigerians. In a statement on Wednesday, Mr Shina Atilola, Ster...

October 27, 2020 No Responses

Shippers Council Seeks Removal Of Demurrage On Cargoes

The Nigerian Shippers Council (NSC) calling for the removal of demurrage on cargoes due to last week’s disruption. Head of Public Relations, NSC, Mrs Rakiya Zubairu, explained on Monday that it was one of the ways to alleviate t...

October 24, 2020 No Responses

Conoil Shareholders Okay N1.39b For 2019 Dividend

For the year 2019, Shareholders of Conoil Plc have approved the payment of N1.39 billion dividend, amounting to 200 kobo on every 50 kobo ordinary share. The Shareholders gave the approval during the virtual 50th Annual General Meeting (AGM)&nbs...

October 22, 2020 No Responses

MTN Nigeria, Guinness Top Losers’ Table As Market Capitalisation Drop By N113b

The Nigerian Stock Exchange (NSE) on Wednesday reacted to social unrest following the aftermath of #EndSARS protests losing N113 billion, amid sell pressure. Specifically, the market capitalisation shed N113 billion or 0.75 per cent to close at N14.870 trillio...

October 20, 2020 No Responses

NCDMB, NLNG, PETAN, Others Oppose Hike In Content Fund

The Nigerian Content Development and Monitoring Board (NCDMB) and key organisations in the oil and gas industry have opposed proposed two per cent increase in the Nigerian Content Development Fund (NCDF). NCDMB in a s...

October 20, 2020 No Responses

Dana Air Partners Nigerian Economic Summit

Dana Air will be supporting the 26thNigerian Economic Summit (NES#26) scheduled to hold from the 26th to 27th of October 2020, at Transcorp Hilton Abuja and the Lagos Office of the Nigerian Economic Summit Group. Themed: ”Building Partnership...

October 11, 2020 No Responses

Autogas Targets Two Million Jobs Annually

Autogas scheme of the Federal Government will create two million jobs annually, Technical Adviser, Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, Mr Justice Derefaka, has said The News Agency of Nigeria (NAN) rep...