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Business

Farm Products

FG Moves to Ease Exportation of Farm Products

February 21, 2021
By Modupe Gbadeyanka The federal government is set to establish jute bag industries for ease of cocoa and sundry crops exports to meet international best practices. The Minister of Agriculture and Rural Development, Mr Muhammad Nanono, made the disclosure in a statement by Ezeaja Ikemefuna, Chief Information Officer of the ministry in Abuja. Mr Nanono stated this when the Cocoa
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nigerian breweries shareholders

Nigerian Breweries Cuts Dividend by 54% as Profit Shrinks 54%

February 21, 2021
By Dipo Olowookere Shareholders of Nigerian Breweries Plc, one of the main brewery firms in the country, will have to make do with the 69 kobo being proposed by the board of directors as the final dividend per share for the year 2020. When compared with the final dividend paid for the 2019 financial year, N1.51 per unit, it is
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NSE Trading Floor New

Nigerian Stock Exchange Experiences Low Weekly Turnover

February 22, 2021
By Dipo Olowookere A low turnover was recorded on the floor of the Nigerian Stock Exchange (NSE) last week and this may be attributed to the declining confidence investors have in equities at the moment. Lately, the fixed income market has been witnessing rising yields and this has diverted interests to the space to the detriment of shares. In the
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Tangerine Life Insurance

Tangerine Life Insurance Concludes Acquisition of ARM Life

February 22, 2021
By Aduragbemi Omiyale The merger between Tangerine Life Insurance Limited and ARM Life Plc has been concluded, with the new entity posed to become a formidable force in the insurance sector. Tangerine Life Insurance, located in the Obanikoro area of Lagos State, used to be known as Metropolitan Life Insurance Nigeria Limited. The firm offers various insurance products to meet
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Petroleum Products

FG Mulls Reintroduction of N1.50 Petroleum Products Tax

February 22, 2021
By Adedapo Adesanya The federal government is considering the reintroduction of the abolished N1.50 per litre levy on petroleum products. This hint was dropped by the Comptroller General of the Nigeria Customs Service (NCS), Mr Hameed Ibrahim Ali, when he appeared before the Senate Committee for Customs, Excise and Tariff chaired by Mr Francis Alimikhena, to defend the 2021 budget
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Politics

crude oil market

Crude Oil Market Surges on Positive China, US Demand Hopes

May 18, 2024
By Adedapo Adesanya The crude oil market settled higher by about 1 per cent on Friday after economic indicators from the world’s top two oil consumers, China and the United States, bolstered hopes for higher demand. The price of Brent went up by 71 cents or 0.9 per cent yesterday to $83.98 a barrel and the US West Texas Intermediate
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Travel

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Nigerian Breweries Sells N15bn CPs to Cut Funding Cost

By Modupe Gbadeyanka As part of efforts to support its cost management initiatives, Nigerian Breweries Plc has announced the floating of N15 billion worth of commercial papers. The notes, to be issued to investors in two different series; series 3 and series
June 26, 2019

Zedcrest Capital Wins Global Business Outlook Award

Zedcrest Capital, a new-age financial solutions powerhouse has been recognised as the Best Proprietary Investments Firm in Nigeria by international magazine, Global Business Outlook. The UK-based publication made the announcement on its official website on Tuesday, June 17, 2019. According to GBO,
June 26, 2019
emir sanusi

Nigeria Not on the Verge of Bankruptcy—AGF

By Modupe Gbadeyanka Nigeria’s Accountant General of the Federation (AGF), Mr Ahmed Idris, has reacted to media reports quoting the Emir of Kano, Mr Muhammadu Sanusi II, as saying that Nigeria was on the verge of bankruptcy. The respected and fearless monarch
June 26, 2019

MumsVillage Joins e-Commerce Business

Leading parenting website for expert advice and online community support in Kenya, MumsVillage, has announced its foray into e-commerce with the launch of the MumsVillageShop. The platform aims to become a one-stop-shop for mum and baby products and transforming the shopping experience
June 26, 2019

Interswitch Rewards Outstanding Customers, Sales Team

Interswitch Group, the pan-African digital payment company, recently honoured its partners and employees, with various awards at the Interswitch Connect Sales Dinner and Awards night, which took place at Balmoral Event Centre, Federal Palace Hotel and Casino, Victoria Island, Lagos. The event
June 26, 2019

Heritage Bank Builds SERVICOM Unit for NIS in Lagos

Nigeria’s most innovative financial services provider, Heritage Bank, has been commended by the Nigeria Immigration Service (NIS) for its leadership position in seamless service delivery to customers and socio-economic growth. Comptroller General (CG) of NIS, Mr Muhammad Babandede, lauded Heritage Bank, during
June 25, 2019

MTN Launches 4G+ Services in Lagos, Abuja, PH

By Dipo Olowookere Leading GSM network service provider in the country, MTN Nigeria Communications Plc, has announced the commencement of 4G+ services in three key cities of the country. A statement issued by the telco on Tuesday disclosed that the cities enjoying
June 25, 2019
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