Business News Archives — Page 22 of 48

September 4, 2020 No Responses

Zenith Bank Declares N346b Gross Earnings, 30 Kobo Interim Dividend

Zenith Bank Plc on Thursday declared gross earnings of N346 billion for the half year ended June 30, 2020. This is contained in the bank’s audited results presented to the Nigerian Stock Exchange. The gross earnings represent an increase of...

September 1, 2020 No Responses

Heritage Bank To Stimulate Economic Growth With Youth Empowerment Schemes

As part of its further response to deal with the global economic challenge occasioned by COVID-19, Heritage Bank Plc has reiterated commitment to deepen its support to young entrepreneurs in Nigeria to grow their businesses either as start-ups or prospective.....

August 31, 2020 No Responses

Minister: Dangote Fertiliser Crucial To Nigeria’s Agricultural Agenda

The Federal Government has asserted that Dangote Fertiliser Limited is very important to the achievement of its Agricultural Transformation Agenda, aimed at boosting food security in the country. Besides, the construction of the Fertiliser plant has been fully...

August 30, 2020 No Responses

Polaris Bank Appoints Innocent Ike As Acting MD/CEO

The Board of Polaris Bank Limited and Asset Management Corporation of Nigeria (AMCON), the Bank’s shareholder, have announced the appointment of Mr Innocent Ike, as the Acting Managing Director/CEO of the Polaris Bank Limited, effective September 1, 2020.&nb...

August 29, 2020 No Responses

Okowa Inaugurates Delta Economic Council

Delta State Governor, Ifeanyi Okowa has inaugurated the State’s Economic Council, with a charge to members to institute a strong, credible and enduring platform for diversification of the economy. The governor, at the ceremony, in Asaba on F...

August 28, 2020 No Responses

Shippers Council Partners NEPC On Export

The Nigerian Shippers Council (NSC) is to collaborate with the Nigerian Export Promotion Council (NEPC) to boost export volume and stop empty containers from leaving Nigeria. A statement issued on Thursday explained that the Executive Secretary of NSC,&n...

August 26, 2020 No Responses

Poultry Farmers seek FG’s Intervention On Feeds

Poultry farmers have appealed to the Federal Government to come to their rescue, as they are experiencing a tough time finding maize to buy for the production of feeds. Mr Joel Oduware, a member of Poultry Association of Nigeria (PAN)...

August 26, 2020 No Responses

Nigeria stock market defies Q2 GDP, up by N33b

Trading on the Nigerian Stock Exchange (NSE) on Tuesday sustained upward posture, in spite of a negative Gross Domestic Product (GDP) recorded in the second quarter of 2020. Speficially, the market capitalisation increased further by N33 billion or 0.25 per...

August 20, 2020 No Responses

Maersk Defies COVID-19, Reports $1.7b Earnings In Q2

A.P. Moller – Maersk managed to improve profitability across all businesses in the second quarter of 2020 despite a sharp drop in global volumes following the COVID-19 crisis. Earnings before interest, tax, depreciation, and amortisation (EBITDA)...

August 19, 2020 No Responses

Total Resumes Oil Drilling In Angola

France’s Total has restarted oil drilling in Angola and new exploration ships will also soon resume work, the company’s country chair Olivier Jouny told trade publication Africa Oil & Power on Monday.All drilling activity ground to a halt i...

August 19, 2020 No Responses

Nigeria Wades Into MTN, Union Dispute

The Nigerian Government has waded into the trade dispute between MTN Nigeria Communication Plc and Private Telecommunication and Communications Senior Staff Association of Nigeria (PTECSSAN). Minister of Labour and Employment, Chris Ngige, made the developme...

August 17, 2020 No Responses

NLNG Inaugurates New Board

The newly appointed Chairman of the Board of Directors of Nigeria LNG Limited has formally assumed duty following a ceremony at the Corporate Head Office of the Company in Port Harcourt, Rivers State. A statement issued by General Manager, Ex...

August 14, 2020 No Responses

FG Begins Reform Of Calabar, Kano Economic Zones

The Federal Government has commenced the process of reforming the Calabar and Kano Special Economic Zones (SEZs) in line with the approved processes for economic reforms. Minister of State for Industry, Trade and Investment, Mariam Katagum, made this kno...

August 13, 2020 No Responses

Ecobank Nigeria Unveils Business App

Ecobank Nigeria has launched an Application for Businesses. Known as Omni Lite App, it is targeted at enhancing the banking experience of its large pool of Commercial Banking customers. A statement explained that the Ecobank Omni Lite App is a highly secur...