Business

…Vows To Raise Entrepreneurs For Nation Building Leading businessman and Chairman of Aliko Dangote Foundation, AlhajiAliko Dangote has challenged the government to muster the will to provide critical infrastructure that will make the nation’s environment conducive to commerce and industry. Dangote made this appeal while delivering the third Eminent Persons Business lecture and inauguration of the Aliko Dangote Complex, a N300 million …

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The Department of Petroleum Resources (DPR) , says it will establish training centres in all the zones across the country for training of all filling stations’ personnel. Mr Amos Bernard, Head of Operation, Gombe state Field Office, stated this at an interactive session with marketers of petroleum products in Gombe on Wednesday. “The aim of establishing the centres is to …

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Union Bank Plc has announced a 25 per cent rise in its unaudited Half Year 2018 financial statement, as Profit After Tax closed the period at N11.5 billion when compared to N9.2 billion garnered in the same period of 2017. According the bank’s result on the website of the Nigerian Stock Exchange (NSE) on Wednesday, Non-Performing Loan Ratio (NPL) dipped …

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The Manufacturers Association of Nigeria (MAN), has urged the Central Bank of Nigeria (CBN) to reduce its Monetary Policy Rate (MPR) from 14 per to boost lending to the real sector. The MAN President, Dr Frank Jacobs, who made the call in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos, said the reduction would show …

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Ecobank Nigeria has flagged off ‘Xpress Account Giveaway promotion offering mouthwatering cash back to customers as reward for onboarding and using its Xpress account and instant gifts for transacting at any of Ecobank Xpress Point across Nigeria. The promo tagged “Xpress Account Giveaway” is expected to run for three months. Announcing the commencement of the promotion in Lagos, the Head …

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Electricity distribution companies said on Tuesday that the country would not be able to achieve uninterrupted electricity supply in the next five years if the challenges hampering the progress of the power sector were not addressed. The Discos stated this through the Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors, Mr Sunday Oduntan, at a press conference in …

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The President, Dangote Industries Limited, Aliko Dangote, has arranged more than $4.5bn in debt financing for his crude oil refinery project and aims to start production in early 2020. Dangote, Africa’s richest man, is building a refinery with a capacity of 650,000 barrels per day to help reduce Nigeria’s dependence on imported petroleum products. He was quoted by Reuters as saying that …

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.Says He Is Not Afraid Of Suspension The Minister of Labour and Employment, Dr. Chris Ngige, on Wednesday said the National Chairman of the ruling All Progressives Congress, Adams Oshiomhole, was talking out of ignorance when he threatened him to inaugurate the boards of federal agencies and parastatals under his ministry or be suspended from the party. Ngige spoke with …

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Benue State Governor, Samuel Ortom formally announced his membership of Peoples Democratic Party, PDP. He said that he has forwarded the letter of his resignation from the All Progressives Congress to his ward chairman. Ortom was elected on the platform of the ruling APC in 2015. According to his Wiki citation, Ortom had served in different political parties in Benue …

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Photo Caption: From Left; Mr. Bola Adeeko, Head, Shared Services Division, The Nigerian Stock Exchange (NSE); Mr. Olufemi Shobanjo, Head, Broker Dealers Regulation, NSE; Mr. Oscar N. Onyema OON, Chief Executive Officer, NSE; Mrs. Mojisola Adeola, Head, Council Secretariat, NSE and Kenneth Nwafor, Head, Market Services, NSE during the Induction Ceremony of the Newly Authorised Dealing Clerks of The Nigerian …

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