Business Archives — Page 240 of 480

June 15, 2018 No Responses

Air Ticket Sales In Nigeria Generates N505.2billion

The Nigerian Civil Aviation Authority (NCAA) has disclosed that air tickets in the country was N505.2billion in 2017. According to the regulatory agency, the sales included that of domestic and international airlines. The breakdown of the sales indicated that domestic...

June 15, 2018 No Responses

CBN Lifts Retail SMIS With $343.06m Forex

The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018. Figures obtained from the Ban...

June 15, 2018 No Responses

Bankers’ Committee: Importers With Chinese Yuan Invoices To Pay Less

The Central Bank of Nigeria (CBN)-led Bankers’ Committee declared on Thursday in Lagos that importers with invoices from Chinese exporters will pay less than their other counterparts. At the end of its meeting in Lagos, the committee, comprising commercial...

June 15, 2018 No Responses

Russia Humbles Saudi Arabia 5-0

It was expected. Russia made a fine start to their 2018 FIFA World Cup campaign as they defeated Saudi Arabia in the tournament’s opening game. Yuri Gazinskiy scored the first goal of the tournament after only 12 minutes when he...

June 14, 2018 No Responses

NIMASA Seeks Improved Conditions For Dock Workers

The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated its commitment to the welfare of dock workers in the maritime industry as the Agency organised a meeting of the employers and labour unions in the maritime sector under the...

June 14, 2018 No Responses

Customs FOU Impounds N1.4b Contraband

Between May 16th and June 12th 2018, the Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘A’ Ikeja, confiscated various contraband, goods and vehicles with a duty paid value (DPV) of One Billion, Three Hundred and Forty Five Million,...

June 14, 2018 No Responses

Buhari To Ade-Ojo At 80: You Are A Role Model

President Muhammadu Buhari has described the Chairman of Toyota Nigeria Limited (TNL), Chief Michael Ade-Ojo, as a role model and source of inspiration to many Nigerians. In a letter to the first class businessman on his 80th birthday celebration, which....

June 14, 2018 No Responses

Naira Firms Up Against Dollar At Parallel Market

The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports The Nigerian currency exchanged at N361 to the dollar, stronger than the N361.50 traded on...

June 14, 2018 No Responses

FIFA Pick Referees For Friday Matches

The referees’ appointment arm of world football governing body FIFA at the 2018 World Cup in Russia on Wednesdayreleased names of officials for matches billed for Friday. Three matches are slated for the day, with Egypt taking on Uruguay in...

June 13, 2018 No Responses

CBN Injects $210m Into Foreign Exchange Market

The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars to meet customers’ requests in various segments of the foreign exchange market. The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor in a statement in Abuja said the...

June 13, 2018 No Responses

Audi A8 Gets 2018 Most Innovative Model Award

The Audi A8 is the most innovative model of the year 2018 and Audi is the most innovative premium brand in the “Autonomous driving and safety” category. The “Center of Automotive Management” and consulting firm PricewaterhouseCoopers AG, who togethe...

June 13, 2018 No Responses

Okomu Holds First AGM In Benin

Governor of Edo State, Godwin Obaseki has assured Okomu Oil Palm Plc of all necessary support. Speaking at the Pre-AGM dinner in Benin City, Edo State, the Governor also commended resolve by the company to hold its first AGM...

June 13, 2018 No Responses

LAMOTRA Visits NPA Boss

Members of the Lagos Inland Water Marine, Oil and Gas Transporters Association(LAMOTRA) paid a courtesy visit to the Managing Director, of Nigerian Ports Authority (NPA), Hadiza Bala Usman on Tuesday in Lagos . They were received by the acting...

June 13, 2018 No Responses

Panel Recovers $7m, N2b Land, Part Of NPA’s Agura Hotel, Others

The Special Presidential Investigation Panel (SPIP) for the Recovery of Public Property has recovered seven million dollars (N2.1 billion at official rate) kept in Heritage Bank. Chairman of the panel, Mr Okoi Obono-Obla, disclosed this while briefing ...