Business

Nigerian Breweries Plc on Thursday February 15, 2018 proposed a final dividend of N3.13 kobo, totaling N25,030,303,420 to shareholders per ordinary shares of 50 kobo each for the financial year ended December 31, 2017. With this result the leading beverage manufacturing company became the first company to release its audited financial account for 2017, beating Forte Oil Plc which has …

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World Bank has approved a 486 million dollars credit facility to Nigeria for electricity grid improvements, the lender said on Friday. “The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of the transmission network and enable distribution companies to supply consumers with additional power,” the World Bank said. Nigeria’s  power sector is often criticised by …

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…Africa Loses $80bn Annually Through IFF, With Nigeria Accounting For Significant Percentage – Adeosun  Nigeria and global organisations, including the Organisation for Economic Cooperation and Development (OECD) and the World Bank Group, have agreed on high-level collaborations with Nigeria and other African countries to stop Illicit Financial Flows (IFF) in Africa.  This was a major resolution reached at the ongoing Platform …

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Determined to strengthen retail banking offering and expand channels for financial inclusion penetration, Unity Bank Plc has rolled out its Unstructured Supplementary Service Data (USSD) short code: *7799# in order to enhance customer access to quality banking services. According to a statement which was made public yesterday, Unity Bank’s USSD (*7799#) code is the first 4 digit code to be …

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MTN Nigeria has paid a total of N110 billion into the coffers of the government out of the N330 billion imposed on it by the Nigerian Communications Commission. Executive Vice Chairman of the NCC, Prof. Umar Danbatta, disclosed this at a workshop on Code of Corporate Governance organised by the commission in Kano on Thursday. He also disclosed that the …

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The Central Bank of Nigeria (CBN), says it has disbursed N55 billion to more than 250,000 farmers within two years of implementation of the Anchor Borrowers Programme ( ABP ). The Acting-Director, Corporate Communications Department, CBN, Isaac Okorafor confirmed the figure on Wednesday in Abuja during a media briefing on the implementation of the programme. The ABP was launched in …

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The Dangote Rice processing mill with the production capacity of 250,000 metric tonnes per annum to be ready in sokoto this year. This was announced by the Executive Director, Stakeholders Management and Corporate Communication of Dangote Group, Engineer Mansur Ahmed during a courtesy call on Governor Aminu Waziri Tambuwal. According to him, already they have taken delivery of the milling …

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The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that the Agency is taking deliberate steps to work with the Judiciary and other arms of Government to reposition Nigeria’s maritime industry, by providing necessary updates on information and law in the maritime sector.  Speaking at the opening of the 7th Strategic Admiralty Law …

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First Bank of Nigeria Limited has recorded ‘strides’ in its Financial Inclusion services delivery, via its 894 quick banking, a USSD based channel that enables customers to access banking services using any type of phone and without data/internet. The 894 banking scheme, “which is the fastest growing USSD scheme in the market, grew by about 250% in 2017 to now …

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…Inspects Road Project President of Dangote Group, Aliko Dangote has assured that the Apapa Port Wharf concrete road currently under construction by his company, AG Dangote would be delivered on schedule to save the people and businesses the hassles of the traffic gridlock being experienced now. He gave the assurance yesterday when he visited the construction area in company with …

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