Tag: Information

Court Acquits Three AIICO Staff Accused Of N1.5b Fraud
September 29, 2022 No Responses

Court Acquits Three AIICO Staff Accused Of N1.5b Fraud

Justice Oluwatoyin Taiwo of an Ikeja Special Offences Court, on Wednesday acquitted three staff of the American International Insurance Company Limited, (AIICO) charged with fraud of N1.5 billion  The News Agency of Nigeria (NAN) report that Taiwo, in a ruling...
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Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 
September 29, 2022 No Responses

Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 

The Nigerian Exchange (NGX) on Wednesday gained N14 billion as market capitalisation closed at N26.531 trillion from N26.517 trillion recorded on Tuesday.  Also, the All Share Index (ASI) increased marginally by 10.25 basis points or 0.02 per cent gain to...
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Germany, UAE Reinforce Energy Partnership
September 29, 2022 No Responses

Germany, UAE Reinforce Energy Partnership

Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. ...
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NPA Task Contractors, Seeks End To Repairs On Tin-Can, Apapa Roads
September 28, 2022 No Responses

NPA Task Contractors, Seeks End To Repairs On Tin-Can, Apapa Roads

The Management of  Nigerian Ports  Authority (NPA) has appealed to the contractors responsible for the ongoing repairs on the two major arteries into the ports in Lagos, the Apapa-Oshodi Expressway and the Leventis Bridge on the Apapa-Wharf Road, to hasten.....
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Engineers Task SON On Fake Auto Parts Influx
September 28, 2022 No Responses

Engineers Task SON On Fake Auto Parts Influx

The Nigerian Institution of Mechanical Engineers (NIMechE) on Tuesday called on the Standards Organisations of Nigeria (SON) to checkmate the importation of substandard auto spare parts into the country. The Lagos Chapter Chairman of NIMechE, Mr Abdulganiyu Ti...
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Lagos Disburses N1.56b As Grants To 3,673 Businesses
September 28, 2022 No Responses

Lagos Disburses N1.56b As Grants To 3,673 Businesses

Lagos State Government through the state Employment Trust Fund has supported 3,673 businesses with the sum of N1.56 billion as grants.  Gov. Babajide Sanwo-Olu of Lagos State made this known at the Lagos Chamber of Commerce and Industry (LCCI)/Lagos Economic....
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FRSC Advises Political Parties To Shun Reckless Driving During Campaigns
September 28, 2022 No Responses

FRSC Advises Political Parties To Shun Reckless Driving During Campaigns

The Federal Road Safety Corps (FRSC) has advised political parties preparing for campaigns ahead of the 2023 general elections to shun reckless driving during electioneering to avoid casualties.  Mr Peter Kibo, the Zonal Commanding Officer in charge of Og...
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FG To Distribute 12,000 Metric Tonnes Of Grains
September 28, 2022 No Responses

FG To Distribute 12,000 Metric Tonnes Of Grains

The Federal Government has concluded arrangements to distribute 12,000 metric tonnes of assorted grains to vulnerable Nigerians.  The Director-General, National Emergency Management Agency (NEMA), Mr Mustapha Habib announced this during a visit to Governo...
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Daewoo Shipbuilding  Seals $1.4b Conditional Takeover Deal  
September 28, 2022 No Responses

Daewoo Shipbuilding  Seals $1.4b Conditional Takeover Deal  

South Korean shipbuilding major, Daewoo Shipbuilding & Marine Engineering (DSME) has entered into a tentative deal with compatriot conglomerate, Hanwha Group on the acquisition of a 49.3 percent stake and management rights in return for $1.4 billion. ...
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Senate Passes Bill To Amend CBN Act For Second Reading
September 28, 2022 No Responses

Senate Passes Bill To Amend CBN Act For Second Reading

The Senate on Tuesday at plenary passed for second reading, a bill to amend the Central Bank of Nigeria (CBN) Act.  Leading debate on the general principles of the bill, its sponsor, Sen. Sadiq Umar (APC-Kwara), said the bill was...
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Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021
September 28, 2022 No Responses

Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

By Moses Ebosele, ebosele@hotmail.com   — For the 2021 financial year, Ardova Plc attained a gross revenue of N192.47 billion, representing a 5.95  per cent increase from the 2020 revenue of N181.66 billion, whilst the group revenue closed a...
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Union Bank Partners WACOT Rice On Financial Inclusion For Smallholder Farmers In Kebbi
September 28, 2022 No Responses

Union Bank Partners WACOT Rice On Financial Inclusion For Smallholder Farmers In Kebbi

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State.  The Keb...
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Sterling Positions For Expansion With New Structure 
September 28, 2022 No Responses

Sterling Positions For Expansion With New Structure 

With the unanimous support received from its shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand its financial services footprint from traditional banking and deliver more value to its shareholde...
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Fidelity Bank, SMEDAN, Seal SMEs MoU
September 27, 2022 No Responses

Fidelity Bank, SMEDAN, Seal SMEs MoU

In what has been termed a major move to bridge the gap in helping small businesses access much-needed funding and capacity development initiatives, Fidelity Bank Plc has announced a strategic partnership with the Small and Medium Enterprises Development Agency...
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