Oando grows half year revenue to N2.1trn
Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30, driven by higher crude oil production, improved operational efficiency and cost optimisation.
Agribusiness still ignored in Africa – Experts
Industry professionals have urged African youths to turn their attention toward deve-loping the agricultural sector so as too benefit from the undiscovered potential of the agribusiness sector.
We want professionals in NIMASA, stakeholders tell Jonathan
STAKEHOLDERS in the shipping and maritime sectors have called on President Goodluck Jonathan to appoint professionals in all the departments of the Nigerian Maritime Administration and Safety Agency NIMASA, pointing out that the organization has become more political than a body of professionals.
NDE, Masterswitch train 100 youths on e-banking
NATIONAL Directorate of Employment, NDE, in collaboration with Masterswitch Limited, is training no fewer than 100 unemployed youths in Abuja and Lagos, towards making them self-reliance.
Controversy over retirement, re-appointment of NIMASA’s board secretary
Controversy has continued to trail the recent retirement after the attainment of the required years of service in accordance with the civil service rules and reappointment of the Legal Adviser and Secretary of the Board of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Matthew Egbadon, even before he the time of retirement.
Shell completes sale of two Nigerian oil blocks – NNPC
NNPC has said that two local firms had completed the purchase of 45 per cent stakes in two onshore oil blocks, previously owned by Shell, Total and Eni .
UBA backs CBN’s move for cashless economy
United Bank for Africa (UBA) Plc has supported the drive by the Central Bank of Nigeria (CBN) to make the country a cashless economy.
NAICOM seeks powers to prosecute insurance offenders
STRONG indications have emerged that the Nigeria Police Force may grant the National Insurance Commission (NAICOM), power to prosecute criminal insurance operators and other insurance offenders who violate any section of the laws regulating the sector.
Court restrains bridge banks from mgt of nationalised banks’ assets
A Federal High Court sitting in Lagos, yesterday, restrained Mainstreet, Keystone and Enterprise Banks, which inherited the assets of the three nationalized banks from further dealing in the assets, businesses and operations of the defunct banks pending the determination of the suit filed by some aggrieved shareholders of the banks. The three nationalised banks are Afribank Plc, Bank PHB Plc and Spring Bank Plc.
ACM Gold to invest in Nigeria’s forex market
South Africa-based ACM Gold, a forex and commodity trading business, is to invest in Nigeria’s foreign exchange market with a promise to make it more appealing to interested Nigerians.
Just Foods eyes capital market for stainless steel production
Just Foods Limited said it is eyeing the Nigerian capital market for funds to finance its planned investment in steel fabrication and in the production of stainless steel products in Nigeria in the medium to long term.
