Home Business Page 443

Business

Bank of Industry disburses N21m to 438 traders in Bauchi

The Bank of Industry (BoI) has disbursed a fresh N21 million loan to 438 traders in Bauchi State.

27 ships laden with petroleum products, food items expected in Lagos

A total 27 ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island Ports in Lagos from Aug. 7 to Aug. 21.

Deals on NSE hit N97.08bn in July

A monthly data obtained by NAN from the NSE showed that the turnover increased by 12.32 per cent when compared with 7.71 billion shares worth N77. 92 billion traded in 100,895 in June.

Central bank to block accounts without BVN

The Central Bank of Nigeria, CBN, has said that with effect from January 1, 2018, all customers without Bank Verification Number, BVN, linked to their account should no longer be entitled to debit operations.

Nigerian banks want to reposition 9mobile before sale – FBN

First Bank of Nigeria (FBN) says the Nigerian Banks who took over 9mobile — formerly known as Etisalat Nigeria — are stabilising the telecommunication company before looking for new investors to buy into the company.

Air Peace to begin Akure flights on Aug. 11

A Nigerian carrier, Air Peace, will on Aug. 11 begin scheduled commercial flight operations to the Akure Airport in Ondo.

Osoba faults Senate’s allegation on missing ships against NPA

The former Governor of Ogun State, Chief Segun Osoba, has disclosed that some entrenched interests are behind the allegations that 282 vessels got missing under the watch of the Nigerian Ports Authority (NPA) between 2010 and 2016 by the Senate Committee on Customs, Excise and Tariff.

Power generation drops by 1,835.6MW in 3 days

The total quantum of electricity on the nation’s power grid crashed by 1,835.6 megawatts within a period of three days.

NAAPE threatens strike over Aero’s non-payment of ex-workers

The National Association of Aircraft Pilots and Engineers (NAAPE) has threatened to embark on nationwide strike over the non-payment of redundancy benefits to workers that were laid off from Aero Contractors.

Fed govt offers monthly Savings Bond at 14.54 per cent

The Federal Government will today (Monday) offer for subscription two-year and three-year Savings Bonds to investors at 13.54 per cent and 14.54 per cent, respectively.

Arik faces maintenance challenges over paucity of funds

Nigeria’s biggest carrier, Arik Air, is facing maintenance and safety challenges as it has failed to ferry its aircraft that are due for various categories of checks overseas for maintenance.

Fast-track manufacturing sector growth – expert tells govt

A financial expert, Prof. Sheriffdeen Tella, has urged the Federal Government to fast-track the growth of the manufacturing sector through the provision of infrastructure and the provision of credit.

Manufacturers spent N129.95bn on power in 2016 – report

The instability in electricity supply from the national grid has continued to make businesses to look inwards through independent power generation, a new report has said.

Banks move to stabilise 9mobile ahead of sale

The 9mobile creditor banks are said to be trying to stabilise the business of the troubled country’s fourth largest telecoms group, until they can find new investors, First Bank said, adding that it saw no need to impair loans made to the company, because of its cash flows.

Fed govt targets 500,000mt cocoa production by 2021

As part of its diversification agenda, the Federal Government has set plans in motion to boost the nation’s cocoa production capacity to about 500,000 metric tonnes by 2021.

N110bn debt: Skye Bank seeks to take over Omokore’s oil wells

The management of Skye Bank Plc is seeking to take over some oil wells belonging to Jide Omokore, a businessman involved in some corruption cases within and outside Nigeria saying Omokore is indebted to it to the tune of about N110bn at an exchange rate of $1/N315.

Bird strike forces Medview Airline to abort flight at Ilorin airport

A Saudi-bound flight operated by Medview Airline was on Saturday night aborted at the Ilorin Airport due to bird strike.

Nigeria does not need national carrier – Med-View chief

The Managing Director/Chief Executive Officer of Med-View Airline, Alhaji Muneer Bankole, has advised the Federal Government to privatise existing 27 airports in the country, adding that Nigeria does not need a national carrier.

Recent Stories

A group photograph with Kano State governor Abdullahi Umar Ganduje, his deputy Nasiru Yusuf Gawuna, Speaker state assembly Rurum and the newly appointed emirs from left Sarkin Rano, Alhaji Tafida Abubakar Ila; Sarkin Bichi, Alhaji Aminu Ado Bayero; from right Sarkin Gaya – Alhaji Ibrahim Abdulkadir Gaya and Sarkin Karaye, Dr. Alhaji Ibrahim ll. After the official installation of four new emirs by Kano State governor on Saturday at indoor stadium at Sani Abacha. Photo Sani Maikatanga

Group calls for scrapping of new emirates in Kano

A group under the aegis of the Renaissance Coalition in collaboration with Civil society organisations (CSOs), and other stakeholders in Kano have called for the scrapping of the newly created emirates in the state.
The rain storm in Lagos on Monday resulted in many residents and motorists counting their losses as it caused traffic gridlock and wreaked havoc in many areas, damaging communication masts, electric poles and other infrastructure.

Downpour causes traffic gridlock in Lagos

The rain storm in Lagos on Monday resulted in many residents and motorists counting their losses as it caused traffic gridlock and wreaked havoc in many areas, damaging communication masts, electric poles and other infrastructure.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

Federal government declares May 29, June 12 public holidays

The Federal Government has declared May 29 and June 12 as public holidays to mark the transition to a new government and Democracy Day respectively.

Sanitation: Taraba government bans use of polythene bags

Gov. Darius Ishaku of Taraba on Monday banned the use of polythene and plastic bags in the state to boost clean environment.
Governor of Edo State, Mr. Godwin Obaseki

Governor Obaseki: We’ll ensure investors in plantations in Edo preserve forest belt

Edo State Governor, Mr Godwin Obaseki, has said that the state will ensure its forest belt is preserved as more investors in oil palm, cocoa, rubber plantations set up shop in the state, noting that state will collaborate with relevant stakeholders in the sector on a reforestation programme.