Home Business

Business

Bank of Agriculture - BoA

Federal government to divest 60% stake in Bank of Agriculture

In the bid to restructure the Bank of Agriculture (BOA) for efficiency, the Federal Government has moved to divest 60 per cent of its stakes in the bank.
Managing Director of Aero Contractors, Captain Ado Sanusi, yesterday faulted the claims that the disputed Bombardier Dash 8 Q300 jets were stolen at the Lagos airport.

Easter: Lagos airports record higher numbers of passengers

The domestic terminals of Murtala Muhammed International Airport in Lagos recorded higher numbers of passengers on Thursday ahead of the Easter holidays.

NAEE chief hails passage of petroleum industry bill

Prof. Wunmi Iledare, outgoing President, Nigeria Association for Energy Economics (NAEE) says the passage of the Petroleum Industry Governance Bill (PIGB) by the senate was a welcome development for the industry.

Easter: DPR cautions against panic buying of petroleum products

The Department of Petroleum Resources (DPR) Field Office in Enugu says petroleum marketers who sell products above government approved prices risk having their stations sealed.

Oil prices slip to $71.43 per barrel

Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline stocks and ongoing Organisation of Petroleum Exporting Countries (OPEC)-led supply cuts.
Islamic Development Bank (IsDB) has started marketing a five-year dollar sukuk, or Islamic bond, a document issued by one of the banks showed.

IsDB invests $50 million in IFFIm’s private Sukuk placement

The Islamic Development Bank (IsDB) has invested $50 million in private Sukuk issuance by the International Finance Facility for Immunisation (IFFIm), the second participation by the lender in a Sukuk issuance by IFFIm.

Banks partner Mojec on prepaid meters

Mojec Meter Assets Management Company, a subsidiary of Mojec International Limited, has announced a partnership with some banks to provide retail financing for the rollout of prepaid meters to its customers within the coverage area of its partner distribution companies (DISCOs) across the country.
Guaranty Trust Bank | GTB | GTBank

GTBank posts N50 billion profit after tax in three months

Guaranty Trust Bank (GTB) Plc has recorded a profit before tax (PBT) of N56.984 billion for the first quarter (Q1) March 31, 2019, showing an increase of 8.3 per cent, compared with the N52.624 billion recorded in the corresponding period of 2018.

Court dismisses suit challenging 9mobile’s sale

The Federal High Court in Lagos on Wednesday dismissed a suit by Spectrum Wireless Communications Limited against Emerging Markets Telecommunications Services (EMTS), owners of 9mobile.
Deputy Senate President Ike Ekweremadu

Senator Ekweremadu: As oil producers, we should frustrate sale of electric cars in Nigeria

Deputy Senate President, Ike Ekweremadu, has said that, as an oil producing country, sale of electric cars in Nigeria should be frustrated.
Bank of Industry (BoI)

Bank of Industry releases N3 billion to Jaiz Bank

The Bank of Industry (BOI) has released N3 billion to Jaiz Bank Plc for development and expansion of Micro, Small and Medium Enterprises (MSMEs) in Nigeria.

DPR vows to stop petrol diversion

The Department of Petroleum Resources (DPR) in Sokoto State has restated its commitment to checkmate hoarding, diversion and selling of petroleum products above the control price.
Police in London have shut off Wi-Fi access in some of the city’s tube stations this morning as an attempt to disrupt action by climate change protestors.

Police shut off Wi-Fi in London Tube stations to deter climate protestors

Police in London have shut off Wi-Fi access in some of the city’s tube stations this morning as an attempt to disrupt action by climate change protestors.
Juventus

Juventus shares plunge after Champions League exit

Shares in Italian club Juventus fell more than 17 percent in early trading on Wednesday after Cristiano Ronaldo’s side were knocked out of the Champions League quarter-finals by Ajax.
The Kaduna Electricity Distribution Company on Monday appealed to residents of Ibrahim Taiwo Road in Kaduna to bear with it over the power outage being experienced by the residents.

Expert: Energy diversification can boost development index, SDGs

Prof. Babatunde Rabiu, Director, Centre for Atmospheric Research, National Space Research and Development Agency (CARNASRDA) said diversifying energy could boost development and enable Nigeria attain the Sustainable Development Goals (SDGs) by 2030.
Nigerian Stock Exchange NSE

NSE all-share index rises 0.85% as Bellwether stocks lift market

Chams Plc led the price gainers with 10 per cent following investors sustained their high demand for the stock after it recovered from a loss in 2017 to profit last year.

Petroleum prices: Petrol remains steady as kerosene, diesel climb

The Average price paid by consumers for premium motor spirit, PMS, popularly known as petrol, remains steady, as the price of kerosene, diesel others increased in the month of March 2019.

Pencom, NIMASA, CBN shine at Enugu trade fair

The 30th Enugu International Trade Fair which ended on Monday in Enugu actually depicted the state of the nation’s economy with the absence of big manufacturing concerns and other key players in the private sector.

Recent Stories

Manchester United target Kalidou Koulibaly reiterates commitment to Napoli

Kalidou Koulibaly has reiterated his desire to remain with Serie A side Napoli beyond the end of the 2018-19 season amid reported interests from several European heavyweights.

NSITF Board: Ministry accuses labour of disrupting inauguration

The Ministry of Labour and Employment has accused the Nigeria Labour Congress (NLC) of disrupting the inauguration of the new board of the Nigeria Social Insurance Trust Fund (NSITF).

Senator Akpabio: I have no regret joining APC

Former Senate Minority leader, Godswill Obot Akpabio, has denied allegations that he called the All Progressives Congress (APC) evil and was considering returning to the Peoples Democratic Party (PDP).
Chelsea progressed to the semi-finals of the Europa League after defeating Slavia Prague 4-3 at Stamford Bridge, resulting in a 5-3 aggregate victory.

Chelsea reach Europa semis despite alarming second half

Chelsea beat Slavia Prague 4-3 in a thrilling encounter to book their place in the Europa League semi-finals despite an alarmingly complacent second-half performance at Stamford Bridge on Thursday.

Federal government has 58 roads, bridges ongoing projects in Southeast – minister

The Federal Government has 58 ongoing road and bridge projects in the South East, Minister of State for Power, Works and Housing, Alhaji Mustapha Shehuri, has said.