Business News Archives — Page 44 of 48

January 14, 2020 No Responses

Fayemi Flags Off Four Road Projects In Ekiti

Ekiti State Governor, Dr Kayode Fayemi, on Monday flagged off construction of four major roads linking seven local government areas of the State. The roads are Agbado-Ode-Isinbode- Omuo road linking Gbonyin and Ekiti East local government areas; Ilupeju- Ire- Ijan-Igbemo...

January 14, 2020 No Responses

Munich Airport Records 48m Passengers In 2019

Between January and December, 2019, Munich Airport total traffic increased by 1.7 million, or 4 percent, to 47.9 million passengers. A statement explained that it was the largest increase posted by any German airport last year. For the Bavarian hub...

January 12, 2020 No Responses

Access Bank Refutes Alleged Arrest OF GMD

Access Bank PLC has refuted the alleged arrest of its Group Managing Director, Mr. Herbert Wigwe by the Economic and Financial Crimes Commission (EFCC). The bank, in a statement signed by Sunday Ekwochi, Company Secretary said the Commission had invited...

January 11, 2020 No Responses

BMW Delivers 2.5m Vehicles In 2019

BMW said it sold 2.52 million BMW, Mini and Rolls-Royce vehicles in 2019, making it the best-selling premium car group, ahead of rival Daimler . Daimler said on Thursday it had sold 2.34 million Mercedes-Benz passenger cars in 2019 for...

January 10, 2020 No Responses

Customs Generates N1.3trillion In 2019

Between January and December 2019, the Nigeria Customs Service (NCS) generated the sum of N1.3 trillion. A statement issued by Public Relations Officer, Joseph Attah, explained that the amount generated is over the target of N937,286,121,586....

January 10, 2020 No Responses

BUA Cement Emerges Third Largest Listed Firm On NSE

BUA Cement Plc on Thursday emerged the third largest company on the Nigerian Stock Exchange (NSE) with the listing of 33.86 billion ordinary shares at N35 per share. The development added N1.18 trillion to the NSE market capitalisation. Speaking on...

January 10, 2020 No Responses

Ecobank To Disburse N70b Agric Loan, Holds Special Summit In February

Ecobank Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 Billion for practitioners in different value chains of Agriculture within the next two years. This announcement is coming just as the bank....

January 9, 2020 No Responses

CBN Retains Minimum 65% Loan Deposit Ratio

The Central Bank of Nigeria (CBN)has retained the minimum 65 per cent of Loan Deposit Ratio (LDR) in the interim. The CBN made this known in a circular signed by its Director of Banking Supervision, Mr Ahmad Abdullahi in Abuja...

January 9, 2020 No Responses

SON Advises Consumers On Safe Use Of Gas Cylinders

The Standards Organisation of Nigeria (SON) has advised Nigerians to be safety conscious in using gas cylinders, in view of the recent gas explosions in some parts of the country. The Director-General of the organisation, Osita Aboloma, gave the warning...

January 9, 2020 No Responses

Market Capitalisation Recovers N417billion

The Nigerian Stock Exchange (NSE) on Wednesday extended positive sentiment with the market capitalisation appreciating by N471 billion. Specifically, the market capitalisation which opened at N13.316 trillion inched N471 billion or 3.54 per cent to close at N1...

January 9, 2020 No Responses

World Bank: Developing Economies To Record 4.1% Growth In 2020

The World Bank says due to growth in emerging market, developing economies are expected to accelerate to 4.1 per cent in 2020. The bank made this known in a statement in Abuja on Wednesday. It explained that this rebound was...

January 9, 2020 No Responses

Mercedes-Benz, Geely Float $780m Joint Venture

Mercedes-Benz has partnered with Geely, the owner of Volvo to form a joint venture company identified as Smart Automobile Company that will produce electric vehicles from 2022. According to Agency Reports, Both companies will invest $388.77 m...

January 8, 2020 No Responses

Edo Partners Presco On High-Yielding Oil Palm Seedlings

As part of the Edo State Oil Palm Programme (ESOPP), the State Government has concluded plans to collaborate with Presco Plc on the development of high yielding oil palm seeds. The State Government, Godwin Obaseki disclosed this while receiving the...

January 7, 2020 No Responses

UBA Africa Appoints Alawuba CEO

United Bank for Africa Plc (UBA) on Monday announced the appointment of Oliver Alawuba as Chief Executive Officer of UBA Africa, overseeing UBA’s operations in 20 countries in Africa ex-Nigeria. A statement signed by Group Company Secretary, Bili Odum ...