Home Business Page 3

Business

Xenophobia: Air Peace now has landing permit – Nigerian envoy

South African authorities have granted landing permit to Air Peace Flight B777 to enable it to evacuate some 320 Nigerians escaping from xenophobia in that country, a Nigerian consular officer has confirmed.
National Bureau of Statistics NBS

NBS: Inflation drops to 11.2% in August

The National Bureau of Statistics said on Tuesday that the Consumer Price Index which measures inflation dropped from 11.08 per cent in July to 11.02 per cent in August.

Xenophobia: South Africa denies Air Peace landing permit

Despite apologies rendered to Nigeria by President Cyril Ramaphosa of South African over the xenophobic attacks on Nigerians, his administration has denied Air Peace landing permit at the OR Tambo International Airport, Johannesburg.

Illegal bunkering: Shell introduces advanced monitoring cameras

As part of the ongoing efforts to curb illegal oil dealings in the Niger Delta, oil giant Shell Petroleum Development Company (SPDC) said that it has introduced an advanced surveillance technology in tracking vandalisation of its joint venture assets.

Xenophobia: Air Peace evacuation flight delayed over landing permit

The flight billed to airlift Nigerians from South Africa has been delayed because authorities at the OR Tambo International Airport, Johannesburg is yet to give permit to the airline for the flight.
Banco de Fomento Angola (BFA)

BFA Angola seeks $50 million loan under Afreximbank’s TCP

An Angolan bank, Banco de Fomento Angola (BFA) has signed on to the African Export-Import Bank (Afreximbank) Trade Facilitation programme (AFTRAF) for an initial $50 million line of credit, thus becoming the first Angolan bank to sign on to the programme designed to support African banks to bridge the gap created by the withdrawal of international correspondent banks from the continent.
The execution of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project will create over 40,000 direct and indirect jobs, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said.

$17 billion NLNG Train 7 Project ‘ll create 40,000 jobs

The execution of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project will create over 40,000 direct and indirect jobs, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has said.

NCAC chief commends Air Peace for rescuing Nigerians in South Africa

Allen Onyema, Chairman, Air Peace, has been commended for rescuing Nigerians in South Africa over the ongoing xenophobic crisis in that country.
Lagos State Governor Babajide Sanwo-Olu has announced the appointment of six new Permanent Secretaries in the States Civil Service.

Lagos governor, Reps seek approval for Lekki, Badagry seaports

Governor Babajide Sanwo-Olu of Lagos State and members of the House of Representatives, yesterday, urged the Federal Government to approve the operation of the Lekki and Badagry seaports in the state.

NSITF institutes safe workplace intervention project

The Nigeria Social Insurance Trust Fund (NSITF), in collaboration with the Nigeria Employers Consultative Association (NECA), has Instituted a Safe Workplace Intervention Project (SWIP), to minimise the rate of industrial accidents and promote a safe workplace.
The National Council on Privatisation (NCP) on Tuesday declared Transcorp Power Consortium as the winner of the financial bid for the privatisation of Afam Power Plc.

GenCos releases 3,306 MWH of electricity – report

Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,306 MegaWatts/Hour of electricity into the national grid on Sunday.
Nigerian Stock Exchange NSE

Nigerian equities market down 0.74 per cent

The Nigerian equities market resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities.

Shell deploys HD aerial cameras to track spills, crude theft

Nigeria’s leading energy giant, the Shell Petroleum Development Company of Nigeria Limited (SPDC), has deployed state-of-the-art high definition cameras for quick detection of and response to crude oil spills from its facilities. The cameras will also help in tracking vandalism of SPDC joint venture assets.

Dangote shuts Kano tomato plant again

Dangote Tomato plant in Kano has been shut again, six months after it resumed operations from an almost three-year shut down.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Britain not blaming Iran for Saudi drone attacks

Britain said it is not jumping to conclusions yet like America, that Iran was responsible for the drone attacks on Saudi oil facilities.

National carrier still on course – minister

The Minister of Aviation, Hadi Sirika, has assured that plans for the country to have its own national carrier remains on the front burner.
HTC and Bitcoin.com have teamed up to help HTC’s flagship Exodus 1 smartphone drive cryptocurrency trading and usage.

HTC partners with Bitcoin.com to support cryptocurrency smartphone Exodus 1

HTC and Bitcoin.com have teamed up to help HTC’s flagship Exodus 1 smartphone drive cryptocurrency trading and usage.

7.2% VAT: Federal government to make N2 trillion in 2020

The Federal Government of Nigeria is expected to generate not less than N2 trillion into the coffers in 2020 when he Value Added Tax (VAT) recently increased to 7.2 percent is implemented.

Recent Stories

Woman commits suicide three months after boyfriend killed self

An apprentice at a tailoring shop in Lagos, Adenike Fatai, reportedly committed suicide just three months after her boyfriend identified as Bayo Atanda also killed self.
Facebook, Messenger and Instagram apps are are displayed on an iPhone. Jenny Kane-AP

Facebook suspends thousands of apps in response to Cambridge Analytica row

Facebook Inc said on Friday it has suspended tens of thousands of apps on the social networking platform, as part of the company’s ongoing app developer investigation it began in March 2018 in response to the Cambridge Analytica row.
The U.S. will send additional troops to the Middle East in the wake of drone strikes on oil facilities in Saudi Arabia, U.S. Defence Secretary Mark Esper said in Washington.

More US troops to arrive Middle East after strike on Saudi oil facilities

The U.S. will send additional troops to the Middle East in the wake of drone strikes on oil facilities in Saudi Arabia, U.S. Defence Secretary Mark Esper said in Washington.
The missions gave the assurance in New York during a collaborative meeting between the Consul-General of Nigeria in New York, Mr Benaoyagha Okoyen, and the new Nigerian Consul-General in Atlanta, Mrs Aishatu Musa.

Envoy assures investors of Nigeria’s commitment to contractual agreement

The Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, at the weekend said the current administration remained committed to due process in its contractual agreements with investors.

Junior Ajayi nets brace in Al Ahly Super Cup win against Zamalek

Nigeria forward Junior Ajayi scored twice as Al Ahly were crowned Egypt Super Cup champions after an entertaining 3-2 victory against Zamalek.