Business Archives — Page 70 of 549

May 3, 2024 No Responses

NADDC Partners AAAM, NAMA On Growth Of Nigeria’s Automotive Industry

The National Automotive Design and Development Council (NADDC) has initiated a strategic partnership with the African Association of Automotive Manufacturers (AAAM) and the Nigerian Automotive Manufacturers Association (NAMA) as part of measures to foster the growth and development of Nigeria’s...

May 3, 2024 No Responses

Seaports Unveil Top Nine Priorities

In view of the upcoming EU elections in June, the European Sea Ports Organisation (ESPO) — which represents over 98% of the seaports of the European Union — has set its priorities for the next five years with a strong...

May 3, 2024 No Responses

LASTMA Tasks Cadet On Professionalism

The Lagos State Traffic Management Authority (LASTMA) has emphasised the importance of professionalism among its cadet officers in serving the motoring public across the state and ensuring effective traffic management. The Special Adviser to the Governor on Tr...

May 3, 2024 No Responses

CPPE Implores CBN On Quarterly FX Rate For Customs

The Centre for Promotion of Public Enterprise, (CPPE) has asked the Central Bank of Nigeria (CBN) to adopt a specific quarterly exchange rate for import duty collection as a measure towards addressing the problems associated with frequent changes in customs...

May 2, 2024 No Responses

Transcorp Group Sustains 173% Revenue Growth, N45b PBT

Transnational Corporation Plc conglomerate, with investment in the Power, Hospitality, and Energy sectors, has announced Q1 financial results for the period ended March 31, 2024. In its Q1 2024 unaudited results, Transcorp reported year-on-year growth, wi...

May 2, 2024 No Responses

NLC Tasks FG On New Minimum Wage

Organised labour has given the federal government till the end of May to finalise the process of implementing the new national minimum wage for workers. The President of the Nigeria Labour Congress (NLC), Joe Ajaero, made the demand on Wednesday...

May 2, 2024 No Responses

May Day: Tinubu Salutes Nigerian Workers

President Bola Tinubu has congratulated Nigerian workers on the auspicious occasion of Workers’ Day held annually to celebrate the lifeblood of our country.The President salutes Nigerian workers for their fidelity to the peace, progress, and development ...

May 2, 2024 No Responses

NEPL/Seplat JV, Edo Sign Reforestation Agreement

The NNPC Exploration and Production Ltd/Seplat Energy Joint Venture and the Edo State Government have signed an agreement that will see the state government allocate 6,000 hectares of land from its protected forest reserves to enable a large-scale tree pl...

May 1, 2024 No Responses

FG Approves Salary Increase For Civil Servants

The Federal Government has approved an increase of between 25% and 35% in salary Increase for Civil Servants on the remaining six Consolidated Salary StructuresThe Salary Structure are Consolidated Public Service Salary Structure (CONPSS), Consolidated Researc...

May 1, 2024 No Responses

Maersk debunks $600m Investment In Nigeria

The management of AP Moller-Maersk has debunked report that it is planning to invest $600 million in Nigerian seaport infrastructure. The Nigerian Government through a statement had claimed that the Danish shipping conglomerate promised to bring an additional ...

May 1, 2024 No Responses

Qatar Airways Renews Partnership with UNHCR

Qatar Airways and UNHCR, the UN Refugee Agency, has announced the renewal of their existing partnership to support the shipment of relief items to the most vulnerable refugees and internally displaced people worldwide. The agreement was signed during a s...

May 1, 2024 No Responses

Petrol Marketers Threaten Strike Over ₦200b Debt

Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over non-payment of ₦200bn bridging claims. The threat comes following cur...

May 1, 2024 No Responses

Dangote Targets 700,000mt Of Refined Sugar In Four Years

Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP). Chairman of Dangote Sugar Refinery Plc, Aliko Dan...

April 30, 2024 No Responses

NCDMB Receives N450m Interim Dividend From Waltersmith Modular Refinery

The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had received an interim dividend payment of N450 million out the N1.5billion declared by the Waltersmith Refinery and Petrochemical Company Limited. This payment rep...