Information Archives — Page 350 of 437

October 20, 2017 No Responses

BUA Group Executive Director, Kabiru Rabiu, tops list of future African Business Leaders

By Citybusinessnews@yahoo.com – Kabiru Rabiu, Group Executive Director of Nigeria’s leading conglomerate, BUA Group, has been ranked second, only after Egyptian, Basil El Baz, on the ‘Choiseul 100 Africa’ list of future African Business Leaders by Institut Choiseul –...

October 19, 2017 No Responses

N8b CBN scam: How N8.3m was substituted with paper, by Ecobank staff

Mr Omotayo Sowunmi, a witness in the alleged N8 billion Central Bank of Nigeria (CBN) currency scam case, on Wednesday said that the apex bank lost N8.3 million in a single box meant to contain N10 million. Testifying before Justice...

October 19, 2017 No Responses

Total Nigeria, Flour Mills, others maintain slidding profile as NSE’s market capitalisation drops further by N10b

Total Nigeria Plc on Wednesday recorded the highest loss for the day dropping by N7.59 to close at N245.41 per share. At the end of the day’s transaction on the floor of Nigerian Stock Exchange (NSE), Flour Mills followed with...

October 19, 2017 No Responses

NSE partner CSCS, Oando, AXAMansard, MTN, donates school to IDPs in Borno

As part of its Corporate Social Responsibility (CSR), the Nigerian Stock Exchange (NSE) has donated a school to the Borno State Government. The school, Maisandari Alamderi Model Nursery and Primary School, located in the Abuja Talakawa District of Maiduguri...

October 19, 2017 No Responses

NIIA: NPA-INTELS pilotage service contract is legal, valid

The Nigerian Importers Integrity Association (NIIA) has weighed in on the controversy trailing the termination of the pilotage service agreement signed between oil and gas logistics giant, INTELS Nigeria Limited and the Nigerian Ports Authority (NPA) arguing t...

October 19, 2017 No Responses

Elumelu seeks stable policy to enhance SMEs growth

The Chairman, UBA Group and Heirs Holdings, Mr Tony Elumelu, on Wednesday advised the Federal Government to tackle the issue of policy somersaults to enhance the growth of Small and Medium Enterprises (SMEs). Elumelu gave the advice at the 24th...

October 19, 2017 No Responses

Archbishop Adewale Martins: There’s hope for Nigeria

The Catholic Archbishop of Lagos, Most Rev. Alfred Adewale Martins, says despite the hardship many are facing in the nation, there is light at the end of the tunnel. Martins spoke on Wednesday at a news conference on the Marian...

October 19, 2017 No Responses

Mitsubishi unveils 30% growth agenda

Mitsubishi Motors has unveiled a three-year plan to boost global vehicle sales by 40 percent and revenue by more than 30 percent as it rebounds from a fuel economy scandal by strengthening its utility vehicle lineup and targeting rapid growth...

October 18, 2017 No Responses

Sec probes Oando, shares on technical suspension

The crisis rocking Oando plc on Wednesday assumed a new dimension as the Secirities and Exchange Commission (SEC) directed the Nigerian Stock Exchange (NSE) to place the shares on technical suspension effective from October 20, 2017. Under the arrangement,....

October 18, 2017 No Responses

‘Nigeria mining jurisdiction now better rated in investment risk profile’

The Minister of Mines and Steel Development, Dr Kayode Fayemi, has attributed the recent growth in the mining sector and the improvement in the investment risk profile of the country’s mining jurisdiction to the success of the reforms being put...

October 18, 2017 No Responses

INTELS: NPA frustrated attempts to resolve TSA logjam

The management of Nigeria’s oil and gas logistics giant, INTELS Nigeria Limited says the present management of Nigerian Ports Authority (NPA) deliberately frustrated attempts to address the issues raised by introduction of the Treasury Single Account (TSA) i...

October 18, 2017 No Responses

NSE’s market capitalisation drops by N103b

Investors in Nigerian capital market on Tuesday lost N103billion due to losses recorded by Dangote Cement Plc, Nestle Nigeria Plc and Guaranty Trust Bank Plc. At the end of the day’s training, Dangote Cement Plc, Nestle Nigeria Plc and...

October 18, 2017 No Responses

Buhari Signs University of Petroleum Resources Bill

President Muhammadu Buhari Tuesday in Abuja pledged continued support for the socio-economic development of the Niger Delta region. Giving the assurance at a brief ceremony in the State House to sign the bill establishing the University of Petroleum Resources,...

October 17, 2017 No Responses

NLNG demands $315m judgment debt from NIMASA

The Management of Nigeria LNG (NLNG) has formally issued a demand notice for the sum of $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency (NIMASA). According to NLNG, the sum represents the payments made under protest.....