Business

For his humanitarian service and contribution to the development of the aviation industry, the Managing Director / Chief Executive officer of Dana Air, Jacky Hathiramani, has been conferred with the Platinum Excellence Leadership Award by the Association of Northern Nigerian Students (ANNS), in Lagos The Meritorious Leadership Award is coming less than a week after the Dana Air boss won …

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Ahead of the proposed “aggressive debt recovery exercise” of Nigerian Ports Authority (NPA), Rivers Port Complex has explained  that it generated $62.3million and N1.2Billion in 2017, compared to $57.6million and N772.4million recorded in 2016. Out of the amount generated in 2017, City BusinessNews gathered that stakeholders in the Rivers Port Complex are yet to remit $42.3m and N600m into NPA’s …

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The board of directors of Okomu Oil Palm Plc declared N3.00 dividend, totaling N2.8 billion for the financial year ended December 31, 2017. Highlights of the result shows that net profit grew at a faster pace than turnover of the period. According to the result, turnover rose by N5.897bn or 41.05% from N14.364bn in the corresponding period of 2016 to …

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Unilever Nigeria Plc has announced a 30.09 per cent rise in its revenue for the year ended December 31, 2017, from N69,777 billion in 2016 to N90,771 billion in 2017. According to the company’s result posted on the Nigerian Stock Exchange website, the board of directors has recommend N2,872 billion to shareholders as dividend amounting to 50 kobo per share. …

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The Economic and Financial Crimes Commission (EFCC) has reportedly invited Ngozi Okonjo-Iweala, former minister of finance, to explain the withdrawal of $250 million from the $500 million recovered from the Sani Abacha family. In 2015, a sum of $250 million was released to the office of the national security adviser (NSA) for the procurement of arms and ammunition to equip …

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The federal government has cautioned Nigerians over the unhealthy status of imported rice smuggled into the country. At a media briefing in Lagos on Monday, Lai Mohammed, minister of information, said the government could not guarantee the healthy status of the rice having spent months on the high seas and warehouses. He appealed to Nigerians to complement the efforts of …

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Forte Oil Plc has posted an impressive growth in its profit before tax to N10.6 billion in the financial year ended December 31, 2017. The audited results released on the Nigerian Stock Exchange (NSE) last week showed that profit before tax grew by 99 per cent to N10.627 billion from N5.34 billion in the corresponding period of 2016. Also, profit …

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Heritage Bank Limited, Nigeria’s most innovative banking service provider, has partnered with the first edition of West Africa Trade and Investment Forum: Conference and Exhibition on sub-regional integration of economies of West African countries in the areas of agriculture, education and skills, manufacturing and information communication technology (ICT). Mr. Olugbenga Awe, Group Head, Agric and Exports of Heritage Bank said …

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Heritage Bank Plc, Nigeria’s most innovative banking service provider; has partnered with Yibo Koko in association with Bolanle Austen – Peters Productions to showcase some of Nigerian cultures to the world through presentation of a dance drama known as Seki in Lagos. The event which held at the popular Terra Kulture Arena was graced by members of the diplomatic corps, bank officials …

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From Amos Okioma,Yenagoa Despite decades of neglect, the chiefs and people of Gbaramatu Kingdom turned out agog during the week long Egbesu festival and a 2-year anniversary of His Royal Majesty, (HRM) King Oboro Gbaraun. At the grand finale of the festival which took place at the play ground of the Gbaramatu Head Quarters, Oporoza, King Gbaraun said, “the relative …

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