Economy Archives — Page 106 of 231

July 4, 2023 No Responses

Guinness Nigeria Appoints Joan Hodgins Vice Chair

Guinness Nigeria Plc has appointed Diageo’s Global Talent Director, Ms. Joan Hodgins as a Non-Executive Director and Vice Chair of the Board of Directors effective July 1, 2023. In a notice, Guiness Nikeia Plc also disclosed the retirement of Mr Dayalan...

July 4, 2023 No Responses

Frank Nneji, ABC Transport CEO Retires, Hands Over To Brother

By Moses Ebosele, ebosele@hotmail.com The Managing Director/ Chief Executive Officer of ABC Transport Plc, Frank Nneji has retired effective June 30, 2023. A notice to the Nigerian Exchange obtained by City Business News on Tuesday explained that Nne...

July 2, 2023 No Responses

Rep Raises Alarm Over Ovia River Bridge Imminent Danger

The representative of Ovia constituency of Edo State in the House of Representatives, Dennis Idahosa, has raised the alarm over the imminent danger on the Ovie River Bridge, on the ever-busy Benin-Lagos Expressway. Idahosa, a chieftain of the All Progressives....

July 1, 2023 No Responses

Naira Drops Further, Exchanges At N769.25 To Dollar

Again, the Naira on Friday dropped against the dollar, exchanging at N769.25 at the investors and exporters window. The Naira depreciated by 0.82 per cent compared with N763, which it exchanged for the dollar before the Eid-el-Kabir holiday that began...

July 1, 2023 No Responses

Iheanacho To Indigenous Shipowners: Maximize Opportunities In Oil, Gas Industry

It would be most beneficial for Nigerian shipowners operating in the sub-sector to concentrate on the tanker trade than operating liner services, the Chairman of Integrated Oil and Gas Company, Captain Emmanuel Iheanacho, has said. Iheanacho said this in Lagos...

June 30, 2023 No Responses

CORAN Urges More Modular Refineries Investment In Nigeria

As part of measures to improve oil and gas downstream, the Chairman, Board of Trustees, Crude Oil Refiners Association of Nigeria (CORAN), Captain Emmanuel Iheanacho has called for encouragement for greater investment in the establishment of modular refineries...

June 30, 2023 No Responses

Lekki Deep Seaport Receives First Transshipment Vessel

Lekki Deep Seaport, on Thursday, announced the arrival of the first transshipment vessel to call at the container terminal of the port. In a statement, Lekki Deep Seaport explained that the vessel, Rimbaud, owned by CMA CGM shipping compan...

June 30, 2023 No Responses

NEXIM Partners Fidelity Bank, Sapphital On Export

The partnership will help improve the skills and performance of export businesses in Nigeria by leveraging the NEXIM Export Academy (NEXA); an online platform that provides exporters with capacity-building training and access to finance to scale their business...

June 28, 2023 No Responses

Access Bank Unveils Womenpreneur Pitch-a-ton Season 5

Access Bank plc has unveiled the W initiative Womenprenuer Pitch-a-ton Season 5. The W Initiative is aimed at inspiring, connecting and empowering women while riding on the Access Bank’s vision to be the Bank of choice for women in the markets...

June 26, 2023 No Responses

SEC Explains Amendments To Rules On Shelf Registration

The Securities and Exchange Commission( SEC) has exposed some Proposed amendments to rules on Shelf Registration and Pre-offer Waiting Period. SEC at the weekend explained that the Sundry Amendments are being made to Rule 279(3) on Shelf Registration and...

June 24, 2023 No Responses

SAHCO Promises Shareholders Enhanced Dividends In 2023

The Chairman of Skyway Aviation Handling Company PLC (SAHCO), Dr Taiwo Afolabi, has promised better dividends for the shareholders of the company for the current financial year ending Dec. 31, 2023. Afolabi gave the promise at the 13th Annual General...

June 23, 2023 No Responses

FRC, ISSB, NGX RegCo, To Unveil IFRS 1, IFRS 2

To provide full information, support investor decision-making and facilitate international comparability to attract capital, the Financial Reporting Council (FRC) of Nigeria and NGX Regulation Limited (NGX RegCo) is set to organize and host the launch of the f...

June 22, 2023 No Responses

Agribusiness: Ecobank Restates Commitment To Youth Empowerment

The Managing Director and Regional Executive, Ecobank Nigeria, Bolaji Lawal has reiterated the bank’s commitment to supporting any investment that will stimulate the growth of Nigeria’s economy and transform the opportunities in Nigeria into business ...

June 22, 2023 No Responses

FIRS Partners Market Traders Association On VAT Remittance From Informal Sector

The Federal Inland Revenue Service (FIRS) has partnered Market Traders Association of Nigeria (MATAN) as part of measures to collect and remit Value Added Tax (VAT) to the FIRS from markets, especially in the informal sector. The Association which ...