Business Archives — Page 319 of 484

October 30, 2017 No Responses

Intels threatens to sue OGFZA over ‘false, malicious allegations’

The Management of Nigeria’s oil and gas logistics giant and port concessionaire, Intels Nigeria Limited (INL) has threatened legal action against the Managing Director of the Oil and Gas Export Free Zone Authority (OGFZA), Umana Okon Umana, for levelling “false...

October 30, 2017 No Responses

Osinbajo: It’s in Nigeria’s interest to promote transparency in extractive sector

Nigeria will continue to embrace transparency in the extractive sector because it is in the country’s overriding national interest to do so, Vice President, Yemi Osinbajo, has said. Prof. Osinbajo stated this during a bilateral meeting with the Chairman of...

October 30, 2017 No Responses

Sterling Bank donates customised uniforms to waste management workers in Ondo

Sterling Bank Plc, Your One-Customer Bank, has donated 600 customized reflective uniforms to the Ondo State Waste Management Authority (OSWMA) for distribution among highway sweepers and workers working with the agency. In addition to the reflective uniforms, ...

October 30, 2017 No Responses

Oando: Shareholders seek accelerated forensic audit

The proposed forensic audit of Oando Plc should commence without any further delay, shareholders of the company declared on Sunday in Lagos. According to the shareholders, the investigation should be detailed and “without any fear or favour”. Under t...

October 30, 2017 No Responses

Volkswagen records $5.01 billion earnings in Q3

Volkswagen AG said earnings rose 15 percent in the third quarter, benefiting from cost cuts at its core VW passenger cars division. Quarterly group earnings before interest and taxes (EBIT) and before special items jumped to 4.31 billion euros ($5.01...

October 29, 2017 No Responses

Cosco shipping ports generates $155.5m revenue in Q3

China-based Cosco Shipping Ports Limited delivered improved earnings, accompanied by greater volumes in the third quarter of 2017, driven by the growth of international trade. Amid improvement in international trade, and the support from shipping alliances ...

October 29, 2017 No Responses

Between Gwarzo, SEC and constructive criticisms

By James Ume Constructive criticisms are sometimes necessary for the smooth running of organisations. They help to keep the executives on their toes and call their attention to mistakes as they occur. Criticisms can also become pernicious and debilitating when...

October 29, 2017 No Responses

Celebrated Georgia farmer, John McCormick to receive Nigerian Agribusiness delegates

The US-Nigeria Trade Council USA is pleased to announce that Mr. John McCormick, the eminent “2016 Georgia Farmer of the Year “will be attending and making a presentation at the forthcoming US-Nigeria Agribusiness Investment Summit & Expo, November 16...

October 28, 2017 No Responses

FRSC revamps academy, explains partnership with World Bank, Netherland

The Federal Road Safety Corps (FRSC) through the Federal Government is investing on the development of infrastructure in the FRSC academy in Udi, Enugu State. According to the FRSC Corps Marshal, Boboye Oyeyemi, the academy had provided training for most...

October 28, 2017 No Responses

Investors stake N4.458b on UBA, Access Bank, FBN Holdings in five days

For the week ended October 27, 2017, trading in the shares of United Bank for Africa (UBA) Plc, Access Bank Plc and FBN Holdings Plc accounted for 515.058 million shares worth N4.458 billion in 3,088 deals. Trading in the shares on the...

October 28, 2017 No Responses

NSE Photo News

L – R shows Diane Cote, Chief Risk Officer, London Stock Exchange Group (LSEG); Nikhil Rathi, Chief Executive Officer, London Stock Exchange (LSE) Plc; Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Patience Oniha, ...

October 28, 2017 No Responses

FG reiterates support for private sector, seeks industrial competitiveness

In accordance with the targets of its Economic Recovery and Growth Plan (ERGP), the Federal Government is open to stronger partnerships and collaborations with the private sector to build infrastructure and make the necessary progress in the economy, Vice Pres...

October 28, 2017 No Responses

MWUN at NIMASA,seeks sustained industrial peace

The President General of the Maritime Workers Union of Nigeria, Comrade Adewale Adeyanju has commended the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) led by Dr. Dakuku Peterside for creating the platform for sustained labour ...

October 28, 2017 No Responses

SIFAX Group Photo News

L-R: Mike Owope, Executive Director, Finance, SIFAX Group; Engr. Chidi Izuwah, Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC); Dr. Taiwo Afolabi (MON), Group Executive Vice Chairman/CEO, SIFAX Group; Mrs. Folashade Afolabi, Wif...