Skye Bank commits $500m to maritime sector
Skye Bank Plc has granted credit facilities amounting to $500m to operators in the maritime industry in recent times as part of its commitment to the development of the industry. A statement by the...
View ArticleFebruary inflation’ll rise to 9.1% –Analysts
Following a drop in the January inflation rate to a single digit of nine per cent, financial analysts have said the February inflation rate will inch up marginally to 9.1 per cent. The National Bureau...
View ArticleStandard Chartered to partner group on online debate
Standard Chartered Bank has said it will sponsor an online debate organised by the Economist Intelligence Unit on the proposition, ‘CSR has nothing to do with charity. A statement by the bank on Monday...
View ArticlePension: Relatives of 5,957 deceased workers get N13.43bn
Since inception of the Contributory Pension Scheme, no fewer than 5,957 deceased workers’ relatives have had N13.43bn approved for them from the Retirement Savings Accounts of their benefactors by the...
View ArticleFG to commence PHCN workers’ severance package payment
The Federal Government will commence the payment of the approved N384bn severance package to the employees of the Power Holding Company of Nigeria this month. The government had two weeks ago announced...
View ArticleScarcity: Ghana-bound airlines stop for fuel in Nigeria
Foreign airlines, especially carriers from Europe and America, flying into Ghana are now making stopovers in Nigeria to buy aviation fuel as scarcity hits Ghana. Although the Ghanaian government is...
View ArticleDMO establishes 37 debt offices nationwide
The Debt Management Office has established 37 debt management departments in 36 states of the federation and the Federal Capital Territory in the last six years, the Director-General, Dr. Abraham...
View ArticleICT’ll contribute 15% to GDP by 2015 – NCC
The Executive Vice Chairman, Nigerian Communications Commission, Dr. Eugene Juwah, has said the contribution of the Information and Communication Technology sector to the Gross Domestic Product will...
View ArticleNUPENG condemns anti-PIB senators’ posture
The Nigeria Union of Petroleum and Natural Gas Workers on Monday condemned the actions of some senators who are opposed to the smooth passage of the Petroleum Industry Bill. The posture of the...
View ArticleQualitea rewards consumers
Qualitea Nigeria Limited, marketers of Qualitea Green Tea, has rewarded its loyal customers in the ongoing ‘Drink your way to Dubai’ promo. The promo, according to a statement by the firm, allows...
View ArticleFG needs to ground under-capitalised airlines –Fadugba
Former Secretary General, African Airlines Association, Mr. Nick Fadugba, says it is high time the Federal Government grounded weak and under-capitalised airlines. He spoke with OYETUNJI ABIOYE. how...
View ArticleNaira appreciates after two-day decline
The naira appreciated for the first time in three days after the Central Bank of Nigeria increased sales of treasury bills at an auction. It gained 0.2 per cent to N157.70 per dollar in Lagos on...
View ArticleNigerian, UK firms collaborate to boost SMEs
UK Trade and Investment and ACIOE Associates, a firm of management, energy, finance and engineering consultants are collaborating to boost the Small and Medium Enterprises. A two-day event to create...
View ArticleLafarge introduces stakeholders’ empowerment scheme
Lafarge Wapco Cement Nigeria Plc has embarked on a major scheme aimed at repositioning its current market relevance and future operational leadership. Specifically, the scheme is focused on...
View ArticleFlour Mills donates food research centre to UI
Flour Mills of Nigeria Plc, makers of Golden Penny products, has announced the setting up of a food research centre at the University of Ibadan, Ibadan, Oyo State. The Flour Mills Food Research Centre,...
View ArticleNACCIMA raises funds for disaster victims
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture is set to raise N250m for emergency relief programme in aid of victims of disasters across the country. The fund...
View ArticleWe will bridge fuel supply gap – NNPC
The Nigerian National Petroleum Corporation on Tuesday said it would bridge whatever gap that might be created by the inability of some major oil marketers to supply petrol. On Sunday, a senior...
View ArticleGreek unemployment falls for first time since 2008
Greece’s jobless rate fell in December for the first time since a crippling recession began five years ago, helped by a bailout deal that propped up companies’ willingness to hire in the short-term....
View ArticleANA had previous Boeing 787 electric panel problems
All Nippon Airways had three instances of electric distribution panel trouble in its Boeing 787 Dreamliners before it grounded the aircraft in January and had to replace the panel twice, a spokesman...
View ArticleClose Up offers free dental check
Unilever Nigeria ‘s premium toothpaste brand, Close Up, has embarked on a programme of free dental check for residents of key areas in Lagos as part of its corporate social responsibility. According to...
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