Latest Nigeria Business News
The Italian government on Tuesday announced its readiness to invest in Nigeria’s transportation sector. It also said it would concretise the move to bring Italian companies to Nigeria through the public private partnership platform. The Italian Ambassador to Nigeria, Stefano Pontesilli, disclosed this when he led a delegation to the headquarters of the Federal Ministry […]
The Ogun State Area Command of the Nigeria Customs Service, says it intercepted 7,030 bags of smuggled foreign rice, and 38 used vehicles popularly known as Tokunbo, among other seizures within the month of May 2019. The Controller of the command, Michael Agbara, disclosed this on Tuesday at the Idiroko border office of the command […]
The Nigeria Civil Aviation Authority has issued an Approved Maintenance Organisation Certificate on Non-Destructive Testing to an indigenous firm, DAV-AAKY Nigeria Limited. The firm is expected to carry out Non- Destructive Testing inspection to ensure airworthiness and serviceability of aircraft and aircraft components with specifications covering Eddy Current Testing, Magnetic Testing, Dye Penetrant and Ultrasonic […]
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states. The banks are Stanbic IBTC with the sum of N2bn; Sterling Bank Plc, N1.5bn; and Union Bank Plc, N1bn. The funding is a fallout of […]
The Federal Government has appointed Capt. Mukhtar Muye as the new Director of Airport Operations for the Federal Airports Authority of Nigeria. According to a statement by the General Manager, Corporate Affairs, Henrietta Yakubu, Muye is a trained commercial and multi-engine instruments pilot, who has had a distinguished career in the country’s aviation industry. “Until […]
Shareholders of Union Bank of Nigeria Plc have approved the proposed reduction of N54.4bn from the bank’s share premium account in a bid to restructure its balance sheet for optimal performance. The shareholders endorsed the move during the bank’s Extraordinary General Meeting in Lagos, according to a statement. Union Bank’s financial position as of December […]
Oando Plc has said it stands to lose significant shareholder funds following the suspension of its Annual General Meeting by the Securities and Exchange Commission. The oil firm’s share price fell further at the end of trading on the Nigerian Stock Exchange on Tuesday, dropping by 2.60 per cent to N3.75. SEC announced on Monday […]
Brands from the Nigerian Breweries portfolio – Gulder, Goldberg and Star Lager – were awarded Gold prizes by Monde Selection Awards. The awards were conferred on the three brands on June 3, at the 58th Annual Awards Ceremony of Monde Selection in Rome, Italy. This year, more than 1,000 companies from 90 countries presented no […]
The current recruitment exercise being undertaken by the Nigerian National Petroleum Corporation (NNPC), is seen as a test case on the practice of Good Corporate Governance and enthronement of transparency that leads to accountability and reduction of corruption. According to the World Bank, transparency is about publishing information, but it’s also about inviting people in, […]
The Nigerian Communications Commission (NCC) on Monday said it will extend grants to some universities to boost research and development and encourage the development of innovative solutions to address challenges in the industry. The regulator also said it will inaugurate professorial chairs in some universities across the country as part of its strategy to open […]