Business News Archives — Page 8 of 48

August 18, 2021 No Responses

Makinde Seeks N50b Supplementary Budget For Ibadan Airport Project, Others

Oyo State Governor, Seyi Makinde on Tuesday sought the consideration and approval of the state House of Assembly for a supplementary budget of N50 billion. In a letter sent to the House of Assembly in Ibadan, and read by the Speaker,...

August 16, 2021 No Responses

Lagos Targets 10m Coconut Trees By 2024

The Lagos State Government in collaboration with the Food and Agriculture Organisation (FAO) has started the rehabilitation of its coconut belt aimed at producing 10 million coconut trees by 2024. The Commissioner for Agriculture, Ms Abisola Olusanya, made t...

August 11, 2021 No Responses

’Nigeria Can Earn $20b Annually From Oil Palm’

The Edo State Governor, Godwin Obaseki, has reiterated the need for Nigeria to diversify its economy from crude oil, noting that the nation can earn $20billion annually from the cultivation and production of oil palm. Addressing Journalists in...

August 11, 2021 No Responses

CBN Releases Guidelines For Regulation, Supervision Of CGCs

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Re...

August 9, 2021 No Responses

Heritage Bank Rolls Out Innovative Products For Schools, Alumni

Heritage Bank has rolled out products known as Acada School Portal Solution with the aim of adding value to the different levels in the educational sector; whilst making a new entrant into the financial sector with the unveiling of the...

August 8, 2021 No Responses

Maersk Declares $3.7b Profit In Q2

Danish shipping and logistics giant A.P. Moller – Maersk has continued to deliver strong growth and profitability with profit going up to $3.7 billion in the second quarter of 2021. According to the company, Revenue was up almost 60% to...

August 7, 2021 No Responses

Wema Bank Floats N40b Rights Issue

Barring unforeseen circumstances, Wema Bank Plc capital raising exercise of N40 billion will hit the market in September 2021. The bank’s Deputy Managing Director, Mr Moruf Oseni, said this at the company’s Half Year 2021 investors/analysts presentation on...

August 6, 2021 No Responses

Okowa Seeks Proper Monitoring Of Crude Oil Production

Governor of Delta State, Ifeanyi Okowa has called for proper monitoring of Nigeria’s crude oil production to ascertain the volume and ensure transparency and accountability in the oil and gas sector. Okowa made the call at the opening of a...

August 6, 2021 No Responses

NPA Expects 23 Ships Laden With Petroleum Products, Frozen Fish, Others

The Nigerian Ports Authority (NPA) is expecting 23 ships laden with petroleum products, food items and others from August 5 to August. 22, 2021. NPA in its publication, `Shipping Position, explained that the ships are expected to arrive at the...

August 5, 2021 No Responses

Edo Allocates 57,000 Hectares Of Land To Oil Palm Investors

Edo State Governor, Mr. Godwin Obaseki, on Thursday, disclosed that the State Government has allocated over 57,000 hectares of land to smallholders and large oil palm plantation investors in four Local Government Areas (LGAs) of the state, under the Edo...

August 4, 2021 No Responses

Aviation Ground Handlers Seek Minimum Handling Rates

The Aviation Ground Handling Association of Nigeria (AGHAN) has urged the Nigerian Civil Aviation Authority (NCAA) to create a minimum safety threshold handling rate for the sub-sector. President of the association, Mr Olaniyi Adigun, made t...

August 3, 2021 No Responses

Minister: Nigeria Imported 400,000 Vehicles In Five Years

The Minister of Finance, Budget, and National Planning, Ms. Zainab Shamsuna-Ahmed, has said that Nigeria imported about 400,000 vehicles between 2015 and 2020. Shansuna-Ahmed, made the observation at a one-day sensitisation on the National Vehicle Registry (...

August 3, 2021 No Responses

Sylva: FG Will Continue To Invest In Hydrocarbons In The Foreseeable Future

The Federal Government has reiterated its determination to continue to invest in hydrocarbons despite the global clamour for renewable energy.Nigeria currently has a huge gas reserve of about 600 trillion SCF of gas deposit.Delivering an address at the Society...

August 2, 2021 No Responses

Senate Committee At SAHCO, Lauds Performance

Skyway Aviation Handling Company PLC (SAHCO) has been commended by the Senate Committee on Privatization for remarkable business progression in Ground Handling operations while adding value to the Nigerian Aviation Industry. Senator Theodore Orji who led...