Business News Archives — Page 9 of 48

August 2, 2021 No Responses

Shell Appoints Elohor Aiboni First Female MD For SNEPCO

Shell has appointed Mrs Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCO). Media Relations Manager, Shell Petroleum Development Company of Nigeria (SPDC), Mr Bamidele Odugbesan in a statement on Sunday...

August 1, 2021 No Responses

Roads Construction: FG Refunds N143bn To Five States

Minister of State, Works and Housing, Alhaji Abubakar Aliyu, on Saturday, disclosed that the Federal Government had refunded N143 billion to five states for constructing federal roads. He made the disclosure during a visit to Gov. Atiku Bagudu...

July 30, 2021 No Responses

Kano Budgets N2.5bn For Dala Inland Dry Port

Kano State Government is to spend N2.5 billion on infrastructural facilities at the Dala Inland Dry Port. The State Governor, Abdullahi Ganduje made the disclosure on Thursday at the opening ceremony of the 2021 Gas Sector Stakeholders (AKK) F...

July 30, 2021 No Responses

Ikeja Electric Meters 400,000 Customers

Ikeja Electric (IE) Plc said it had installed prepaid meters for about 400,000 customers out of 1.1 million since 2013. Mr Ugo Obi-Chukwu, Chief Marketing Officer, IE, made the disclosure during a visit of the Senate Committee on Privatisation and...

July 28, 2021 No Responses

SON DG Harps On Quality Products, AfCFTA Benefits

To successfully take advantage of the African Continental Free Trade Agreement (AfCFTA), the Director-General, Standards Organisation of Nigeria (SON), Mallam Farouk Salim has challenged Nigerians to produce products that meet international standards &nbs...

July 28, 2021 No Responses

Cornerstone Insurance Attains N17.53b Gross Premium In 2020

For the year ended December 31, 2020, Cornerstone Insurance Plc, attained a Gross Premium of N 17.53 billion Addressing shareholders on Tuesday at the 29th Annual General Meeting/30th anniversary of the insurer in Lagos, chairman of the company, Mr Segun...

July 26, 2021 No Responses

Lagos Empowers 3,000 Fisheries, Others

The Lagos State Commissioner for Agriculture, Ms Abisola Olusanya, has said that no fewer than 3,000 agripreneurs in artisanal fisheries, poultry and piggery value chains would be empowered at the 2021 Agricultural Value Chains Enterprise Activation Programme ...

July 25, 2021 No Responses

NAFDAC Implores MSME Entrepreneurs On Certification Identity Before Export

The Director General, National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Adeyeye has reiterated the important role that Micro Small and Medium Enterprises (MSMEs) play in the Nigerian economy, saying NAFDAC would continue to ...

July 24, 2021 No Responses

South African Port Operator Hit By Cyber Attack

South Africa’s logistics company, Transnet SOC has announced that its IT system was hit with a “disruption” that halted operations at the port’s terminals. The company confirmed that the cyber-attack occurred early on Thursday, 22 July and that th...

July 24, 2021 No Responses

Universal Insurance, Oando Top Gainers’ Table As Market Capitalisation Recover N43b

Transactions on the Nigerian Exchange improved further by 0.21 per cent on Friday. Specifically, the All-Share Index which opened at 38,585.52 inched higher by 82.38 points or 0.21 per cent to close at 38,667.90. Also, the market capitalisation rose by...

July 23, 2021 No Responses

Dangote Cement’s $1b Plant In Edo Set To Commence Operations

Dangote Cement’s $1bn 6 million Metric Tonnes Per Annum (MTPA) facility has been completed and is set for commissioning. The plant, which sits on a 1000-hectare land, is billed to boost cement production in the state, in alignment with Governor...

July 23, 2021 No Responses

NCC Cautions Stakeholders Against Unofficial Statistics

The Nigerian Communications Commission (NCC), has cautioned all stakeholders in the industry to against embrassing any statistics or forecast on activities in the industry, except statistics, projections, or forecast that emanate from the the National Bureau o...

July 22, 2021 No Responses

Enhancing FG’s Revenue Through NCC

By Moses Ebosele, ebosele@hotmail.com — Despite various economic challenges, the Nigerian Communications Commission (NCC) has sustained positive revenue generation profile. Although NCC is not primarily a revenue-generating agency of the Feder...

July 22, 2021 No Responses

Sekibo: Market Formation Framework, Driver To Optimally Develop Solid Mineral Sector

MD/CEO of Heritage Bank Plc, Ifie Sekibo has said that market formation framework is the key to optimally exploit Nigeria’s precious metal and solid minerals endowments. He disclosed this during a webinar organised by the Securities and Exchange Commis...