Business

A limited liability company, Omritas Energy limited has filed preliminary objection in addition  to counter affidavit against the winding up petition filed against it by a private company AYM Shafa Limited. In a winding up petition, filed before a Federal high court in Lagos south west Nigeria, by barrister Sir Chris Ekemezie ,the Petitioner alleged that Omritas Energy limited, at …

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Leading retail bank, Diamond Bank Plc has once again demonstrated its passion for supporting small businesses by rewarding finalists of the seventh season of the Building Entrepreneurs Today (BET) programme with N15million grant. Ikenna Ubah, Tope Alake, Jumoke Dada, Bayo Ojelabi and Osagie Azeta emerged winners of the grants having displayed exceptional skills and productive business ideas after six months …

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…Offer To Commence August 6 To September 14 …As Coy Pays Investors N160million Dividend in 2017 As part of its strategic growth plans, Mutual Benefits Assurance Plc has secured approval of the Securities and Exchange Commission (SEC) to raise N2billion through right issue towards its five years plan. To this end, Mutual Benefits Assurance will be selling shares to existing …

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The Board of Directors, Cement Company of Northern Nigeria (CCNN) and owners of the 500,000 metric tonnes per annum Sokoto Cement Plant has notified the Nigerian Stock Exchange of its proposed merger with  Kalambaina Cement Company Limited, owned by BUA Cement. The company explained that Kalambaina Cement is owner and operator of the newly built 1.5million tonnes per annum Kalambaina …

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Heritage Bank Plc, Nigeria’s most innovative banking services provider, has partnered with the National Association of Nigeria Travel Agencies (NANTA) to launch the Nigeria Travel Practitioners Identification Card (NTPIC). Head of corporate communications of Heritage Bank, Mr. Fela Ibidapo said the bank partnered with the travel agencies in a bid to help to sensitize and sanitise the industry. He said …

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The Nigeria Shippers Council (NSC) has recovered about N80 million from the excessive charges imposed on importers by shipping companies between January and June this year. The port economic regulator had in recent years engaged in serious confrontation with shipping firms and terminal operators over excessive and illegal charges to the tune of over N4 trillion. Some of the cases …

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To reduce their exposure to huge indebtedness, the state governments can no longer borrow from the banks or the bond market without the express approval of the Minister of Finance acting on the advice of the Debt Management Office, investigation has shown. Already, no state government can contract external loans without the approval of the Federal Government, which acts as …

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President Muhammadu Buhari on Tuesday inaugurated the Calabar automated rice seed and seedling factory. The factory was one of the projects inaugurated by the president during his visit to Cross River. During the inauguration, Buhari said he was in Calabar for the second time in three years “to inaugurate another visionary and trail blazing project which was very welcomed and satisfying to him.” He …

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The Nigeria Immigration Service (NIS) has suspended the collection of $90 biometric Visa-On- Arrival policy it introduced about two weeks ago. Investigations also revealed that the service was not in charge of collection of charges at the Murtala Muhammed International Airport (MMIA), Lagos as that aspect has been concessioned out to private firms. More Investigations on Tuesday revealed that the biometric, which …

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The Regional Representative for West Africa of European Investment Bank (EIB), Ms Isabelle Grunderbeeck, has disclosed that the  bank plans to invest 700 million euros in some identified projects in Nigeria. Grunderbeeck disclosed this at the bank’s interactive meeting with its clients and other stakeholders in Abuja on Tuesday. She said that the planned investment was in addition to the fund …

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