Business News Archives — Page 32 of 48

April 10, 2020 No Responses

AfDB: Nigeria Making Progress In Rice Production, Processing

Nigeria is making progress in rice production and processing, the African Development Bank (AfDB), has said According to Senior Country Director of the bank, Mr Ebrima FAAL, the development should be should be scaled up and broadened to other sectors...

April 9, 2020 No Responses

World Trade To Decline By 32% In 2020

The decline in world trade due to Covid-19 will likely exceed the trade slump brought by the global financial crisis of 2008 09, the World Trade Organization (WTO) said on Wednesday, with merchandise trade expected to decline 13-32% in 2020...

April 9, 2020 No Responses

Zenith Bank Unveils Automated Voice Banking Services

Zenith Bank Plc, Nigeria’s leading financial institution, has introduced an automated voice banking service, an interactive voice response (IVR)solution which enables customers to perform basic banking transactions by dialing a dedicated phone line through t...

April 8, 2020 No Responses

Total, AET Seal LNG Charter Deal

Petroleum and chemical tanker owner, AET Tanker Holdings has inked a charter deal with Chartering and Shipping Services SA, a wholly-owned subsidiary of Total SA, for two LNG dual-fuel VLCCs. The two newbuilds are scheduled to be delivered to AET...

April 7, 2020 No Responses

FBN Holdings Declares N627b Gross Earnings, N73.67b Profit In 2019

By Moses Ebosele, ebosele@hotmail.com — For the year ended December 31, 2019, FBN Holdings Plc on Monday declared Gross earnings of ₦627.0 billion, up by 6.7 per cent when compared to ₦587.4 billion attained in 2018. Profit after t...

April 6, 2020 No Responses

World’s Largest LNG-Fueled RoRo Ship Construction Begins In China

China-based Yantai CIMC Raffles Shipyard has cut the first steel for a new LNG-powered roll-on/roll-off (RoRo) vessel ordered by Swedish shipping company, Wallenius SOL. The vessel, which will be the world’s first RoRo ship to be both LNG fueled and...

April 6, 2020 No Responses

Audi Donates €5million To Tackle Covid-19

Foremost German luxury car manufacturer, Audi has donated 5 million euro globally to help the governments and health sectors to fight against coronavirus crisis. Meanwhile, the automaker explained that it has initiated many projects at national and internation...

April 6, 2020 No Responses

Osinbajo’s Friends To Support 100 Business Proposals With N100m

No fewer than 100 Nigerian business proposals have qualified to receive N1 million each, as business support grants from friends of Vice President Yemi Osinbajo. The beneficiaries were selected under the aegis of the ‘March 8 Initiative for Small Busin...

April 5, 2020 No Responses

Lockdown: Access Bank Unveils Seamless Transactions App

Access Bank Plc has launched a new mobile banking application tagged “AccessMore” to ensure easy access to funds and seamless transactions by customers, amid COVID-19 lockdown. Mr Herbert Wigwe, the bank’s Chief Executive Officer, said this in a statemen...

April 4, 2020 No Responses

Farmers Seek Fertiliser Subsidy

The President, Etche Farmers’ Cooperative Union, Mr Godwin Akandu has pleaded with the Federal Government to subsidise fertilisers and other agro inputs to enhance agricultural activities in the 2020 farming season. According to Akandu, subsidising fer...

April 3, 2020 No Responses

COVID-19: NIMASA, Shippers’ Council Collaborate To Sustain Shipping

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has stated that the guidelines for vessels calling at the Nigerian Ports recently issued by the Agency was to ensure shipping activities continue in a way...

April 3, 2020 No Responses

Infantino: Football Will Be Totally Different After Coronavirus

Football will be totally different when it eventually resumes after the coronavirus outbreak, the head of global body FIFA Gianni Infantino said on Thursday. “Football will come back, and when it does, we’ll celebrate coming out of a nightmare together,”...

April 2, 2020 No Responses

BoI Declares N39.33b Profit, Raises $1.11b To Boost Operations

For the financial year ended December 31, 2019, the Bank of Industry (BoI) recorded a profit before tax of N39.33 billion. According to the Bank, the profit represent growth of 7.2 per cent when compared with ₦36.66 billion achieved in...

April 1, 2020 No Responses

Nigeria Reduces Fuel Price To N123.50 Per Litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol from N125 to N123.50k per litre. The agency made the announcement on Tuesday in a statement...