Information Archives — Page 459 of 492

April 29, 2017 No Responses

Kia plans $1.1 billion plant in India

Kia Motors has signed a memorandum of understanding (MOU) with the State Government of Andhra Pradesh, India to build a new manufacturing facility in Anantapur District. The MOU ceremony was held in the city of Vijayawada, a part of Andhra...

April 29, 2017 No Responses

Road accidents claim 1,466 Nigerians in three months

Not less than 1,466 Nigerians died as a result of road accidents between January and March, this year. According to the National Bureau of Statistics (NBS), 1,363 of the 1,466 Nigerians that got killed in the period were adults. NBS...

April 29, 2017 No Responses

UBA posts N22.4b profit in first quarter

For the first quarter ended March 2017, United Bank for Africa Group (UBA) recorded Profit After Tax of N22.4billion, indicating 32 percent year-on-year growth compared to N17.0 billion achieved in the corresponding period of 2016. The group also sustained...

April 28, 2017 No Responses

Ecobank merges 74 branches, explores digital strategy

Ecobank Nigeria Limited has reaffirmed its digital transformation agenda enabling its customers depend more on its digital platforms to do their daily banking activities, thereby reducing the need to go to branches. By this development the bank will have enhan...

April 28, 2017 No Responses

NSE, London Stock Exchange renew capital market agreement

The Nigerian Stock Exchange (NSE) and London Stock Exchange Group (LSEG) on Thursday in Lagos announced the renewal of their strategic capital markets partnership agreement at the Nigerian Stock Exchange (NSE). Under the arrangement, the renewal extends t...

April 28, 2017 No Responses

Access Bank declares N26b profit, total assets of ₦3.54tri in first quarter

Access Bank Plc on Thursday reported unaudited financial results for the first quarter (Q1) ended March 31, 2017, indicating an increase of 38% in Profit before Tax, “which rose to N31.2 billion when compared to ₦22.6 billion in Q1 2016....

April 28, 2017 No Responses

NPA reiterates determination to lift infrastructural development

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has reiterated the organization’s determination to lift the NPA in terms of infrastructural development and rehabilitation. Usman explained that issues concerning the Safety and Se...

April 28, 2017 No Responses

AAMA: Ship owners seek support for NIMASA DG

April 28, 2017 No Responses

Maersk teams up with Microsoft on digitalization

Global transport and logistics powerhouse Maersk announced on Wednesday that it has joined forces with Microsoft Corp. on digitalization in a move targeting to “revolutionize supply-chain management and global trade.” Under the terms of the agreement, Mi...

April 28, 2017 No Responses

NSE Photo News

L – R:Ade Bajomo, Executive Director, Market Operations and Technology, NSE; Pai Gamde, Acting Head, Corporate Services Division, The Nigerian Stock Exchange (NSE); Oscar N. Onyema, OON, Chief Executive Officer, NSE; Richard Quest, International Business Cor...

April 27, 2017 No Responses

NPA boss implores management team on reform agenda, global best practices

By Moses Ebosele – To make Nigerian Seaports competitive, efficient, effective and up-to-date in global best practices, the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has challenged the organisations’s Executive and Ma...

April 27, 2017 No Responses

Transcorp declares 20 % growth in revenue

For the first quarter ended March 31, 2017, Transnational Corporation of Nigeria Plc (Transcorp), has announced total revenue of N13.2billion representing a 20% increase when compared to the Group’s performance of N15.8billion in the corresponding period of...

April 27, 2017 No Responses

TUC condemns call for removal of minimum wage from concurrent list

The Trade Union Congress of Nigeria (TUC) has condemned reported call for the removal of National Minimum Wage from the Exclusive list to the Concurrent list by “the House of Representatives in a bill being sponsored by one of its...

April 27, 2017 No Responses

FG explains report on ‘Buhari to work from home’

The Minister of Information and Culture, Alhaji Lai Mohammed has denied reports on President Muhammadu Buhari working from home. In a statement issued in Abuja, the Minister said the President only decided to work from home today (Wednesday),” not that.....