News Archives — Page 553 of 726

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

‘121 piracy incidents reported in nine months’

A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce’s (ICC) International Maritime Bureau’s (IMB) latest quarterly report on maritime piracy. ...

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.....

October 17, 2017 No Responses

GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b

The Nigerian Stock Exchange (NSE) on Monday resumed trading activities on a positive note as market capitalization rose by N43billion or 0.34 per cent. At the end of the day’s trading, 0.33 per cent growth in the All-Share Index...

October 17, 2017 No Responses

Sterling Bank emerges Best Bank in Support of Agric

Sterling Bank Plc has won the Best Bank in Support of Agriculture Award at the Business Day Banking Awards 2017 held in Lagos. The award is in recognition of Sterling Bank’s peerless support to the entire value chain in...

October 17, 2017 No Responses

Nigeria, Ghana, sign MoU on maritime operations

In line with its vision to enhance regional integration to develop capacity, the Nigerian Maritime Administration and Safety Agency, NIMASA, has signed a Memorandum of Understanding (MoU) with the Ghanaian Maritime Authority, GMA. At the official signing of...

October 17, 2017 No Responses

Nissan appoints Anthony Thomas Chief Information Officer, brand value rises to $11.5b

Nissan Motor Company Limited has announced that Anthony Thomas, most recently group CIO at GE Global, will assume the duties of CVP, CIO (chief information officer), Global IS/IT Nissan from October 23, 2017. Thomas will be based at Nissan’s headquarte...