Business

Lafarge Africa Plc recorded net sales of N234 billion for the nine-month period and N72 billion for the third quarter of 2018. This is an increase of 5% over 2017 both versus the quarter and the nine months period. The positive performance was mainly driven by strong volume growth in Nigeria and favourable pricing trends in South Africa. EBITDA for …

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The Nigerian National Petroleum Corporation on Wednesday denied being in possession of the $3.5bn Subsidy Fund. The details of the Subsidy Fund had caused a row on the floor of the Senate on Tuesday. The  Senate initiated a fresh investigation into the alleged illegal subsidy payment on Premium Motor Spirit (petrol). In reaction, NNPC issued a statement on Wednesday, denying “the …

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The Group Managing Director of Nestoil Limited Dr. Ernest Obiejesi says the Power sector holds the key to stimulating growth in the domestic market. Dr. Obiejesi was speaking at the 4th Nigeria Gas Conference which held in Abuja. The Nestoil boss said the gas supply industry in Nigeria will experience a boom if the liquidity issues in the power sector …

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The Federal Government has declared that the annual earnings of $6bn in freight cost and $8bn in oil and gas and other maritime activities have come under threat from pirate attacks, oil theft and other illegal activities militating against the growth of the sector. The Minister of Transportation, Mr Rotimi Amaechi, in a keynote address during the 2018 World Maritime …

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United Bank for Africa Plc, has announced its unaudited 2018 third quarter financial results, with impressive growth in Gross Earnings, which berthed at N374.8 billion, a 12.3 percent increase when compared to N333.9 billion recorded in the corresponding period of 2017. According to the report filed to the Nigerian Stock Exchange (NSE) yesterday, UBA’s net operating improved 1.7 percent year-on-year …

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From Amos Odeh, Yenagoa Members of Academic staff of Post Primary Schools have been assured and reiterated of the premium and importance the state governor, Seriake Dickson attaches to the welfare of teachers and would continue to implement incentives that would motivate them to put in their best, as teachers have continued to be prized as the foundation of any …

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By Amos Odeh The prosecution in the ongoing rape trial of Chief Richard Kpodo, a former Security Adviser to Ex-Governor Timipre Sylva of Bayelsa on Thursday concluded its case a Bayelsa High Court. The Bayelsa state government prosecuting team led by Andrew Arthur Esq called a total of four witnesses who testified before the court. The victim, a 26 year …

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… Declares N1bn IGR The Bayelsa State Deputy Governor, Rear Admiral Gboribiogha John Jonah on Tuesday declared N4.4 billion as balance of funds available to the state as at 30th September, 2018. The Deputy Governor announced this, while presenting the income and expenditure financial statements for the months of August and September in Government House, Yenagoa, in line with the …

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Photo Caption: From Left; Director General, West African Monetary Institute, WAMI, Dr. Ngozi Egbuna, Head Research Securities and Exchange Commission, SEC, Dr. Afolabi Olowookere and Ag. Director General, SEC, Ms Mary Uduk at the just concluded World Bank/ IMF Annual Meetings in Bali, Indonesia

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The federal government has condemned the execution of Hauwa Leman, an aid worker with the International Committee of the Red Cross (ICRC), by The Islamic State West Africa Province (ISWAP), a faction of Boko Haram. Lai Mohammed, minister of information, said the government did “everything any responsible government should do” to save Leman and Saifura Ahmed, another aid worker that …

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