Business News Archives — Page 2 of 48

March 3, 2022 No Responses

NIMASA DG Urges FG To Harness Agriculture, Solid Minerals For Growth

Dr Bashir Jamoh, the Director-General (DG) of the Nigerian Maritime Administration and Safety Agency (NIMASA) has urged the Federal Government to harness agriculture and solid mineral for the economic growth of the nation Jamoh, made the call at the NIMASA...

February 11, 2022 No Responses

CBN Introduces RT200 Programme To Improve Exports, Boost FOREX

The Central Bank of Nigeria (CBN) has introduced a new intervention programme (RT200) to help improve export receipts and boost the country’s foreign exchange earnings. The CBN Governor, Mr Godwin Emefiele, made this known on Thursday in Abuja, while a...

February 11, 2022 No Responses

18 Ships Laden With Petroleum Products, Others Berth At Lagos Ports

Not less than 18 ships laden with petroleum products, food items and other goods are expected at the Lagos Port Complex from February 10 to 22, 2022. According to NPA’s Shipping Position, the ships also contained general cargo, bulk wheat,...

February 9, 2022 No Responses

Insurance Industry Generates N508b Premium In 2021, Pays N224b Claims

The Chairman, Nigerian Insurers Association (NIA), Mr Ganiyu Musa, on Tuesday said the insurance industry generated N508 billion Gross Premium in 2021, out of which N224 billion was paid as claims. Musa, who said this at a news briefing in...

February 7, 2022 No Responses

Ecobank Nigeria Expands Agency Banking Locations To 50,000

Ecobank Nigeria says its vision to use its agency banking scheme to drive financial inclusion is fast yielding fruits as it now has over 50,000 agents locations across the country. According to the bank, apart from helping to drive its...

February 3, 2022 No Responses

FirstBank Rewards 300 Visa Gold Card Customers

First Bank of Nigeria is to reward over 300 holders and customers of its branded Visa Gold card at the ongoing Visa Gold card campaign scheduled to end March 25, 2022 First Bank’s Group Executive, e-Business and Retail Products, Mr...

January 31, 2022 No Responses

FG Decries $35,000 Business Registration Fee For Nigerians In Egypt

Minister of Information and Culture, Lai Mohammed has decried the $35,000 (about N19.2 million) deposit being requested by Egyptian Authority from foreigners including Nigerians to operate a business enterprise in that country. The Minister describ...

January 23, 2022 No Responses

Ardova LPG Storage Facility Gets December Completion Date

By Moses Ebosele, ebosele@hotmail.com Ardova Plc has performed the groundbreaking ceremony for the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal at the project site in Ijora, Lagos State. The ceremony sig...

January 22, 2022 No Responses

CBN Begins e-Invoice For Importers, Exporters

The Central Bank of Nigeria (CBN) is to begin e-invoice for imports and exports from February 1, 2022. A circular to all authorised dealers and the general public signed by CBN Director in charge of Trade and Exchange Department, Dr....

January 22, 2022 No Responses

FMDQ Exchange Admits Babban Gona N15b Commercial Paper

FMDQ Securities Exchange Limited (FMDQ Exchange), has approved the registration of the Babban Gona Farmer Services Nigeria Limited N15 billion Commercial Paper (CP) Programme on its platform. A statement issued on Friday explained that the approval came ...

January 21, 2022 No Responses

Shippers’ Council, FCCPC Seal Competition Agreement

The Federal Competition and Consumer Protection Commission (FCCPC) has signed a Memorandum of Understanding (MoU) with the Nigerian Shippers’ Council (NSC) to ensure fair competition among operators in the industry.FCCPC’s Chief Executive Officer, Mr Babat...

January 18, 2022 No Responses

Unilever To Revisit $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”. ...

January 17, 2022 No Responses

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 &#821...

January 17, 2022 No Responses

Dangote Advocates Unity Among Africans As Afreximbank Unveil Centralised Payment, Settlement Infrastructure Platform

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. Speaking at the formal launch of the Pa...