Crude oil, aviation fuel top import chart at Lekki deep-sea port
By Godwin Oritse Crude oil and other refined petroleum products dominated import activities at the Lekki Deep Sea Port in the first week of August, accounting for 1,867,712 metric tonnes of crude oil-based products brought into the country through the facility. Shipping documents obtained by Vanguard showed that petroleum products dominated imports through the Lekki Deep […]
Fashola ommissions N3.5 bn Nutricima factory
Governor Raji Fashola of Lagos has commissioned the N3.5 billion Nuticima Limited plant located in Ikorodu, Lagos State.
The plant a collaborative effort between PZ Cusson, UK and Glanbia Plc of Ireland is the ultra modern Ready To Drink (RTD) factory for Bliss, Yo and Nunu products from the stable of Nutricima
Lessons from Kwara State
KWARA State commer cial agriculture initiative is one of the cardinal projects of the Abubakar Bukola Saraki’s administration. But the various states can replicate the Kwara model at least in each of the senatorial districts.
IITA developed biopesticide checks invasive locusts
CALM has returned to Africa’s Eastern bloc after swarms of invasive red locusts were checked by scientists using fungal biopesticides (Green Muscle®), thanks to the International Institute of Tropical Agriculture (IITA) and partners.
Union Bank to recapitalise soon — MD
The Managing Director, Union Bank Plc, Mrs Funke Osibodu, says the bank will soon be recapitalised.Osibodu, who disclosed this to newsmen at a briefing on Wednesday in Lagos, did not say exactly when the bank would do so.
CBN charges banks to lend manufacturers at lower Interest Rates
The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has directed commercials banks in the country to advance loans to manufacturers and other private sector borrowers at lower interest rates.
CBN orders MFBs to display operating licences
The Central Bank of Nigeria (CBN) has ordered micro-finance banks, MFB, operators to display their operating licences in their banking halls.
Presidency approves new board for NEXIM
The Presidency has approved a new management board for the Nigerian Export-Import Bank (NEXIM).According to a statement signed by the Special Assistant (Communication) to the Minister of Finance, Deborah Chinwe Okafor, the newly re-constituted board is composed under the Chairmanship of the Deputy Governor, Financial Sector Surveillance Directorate, Central Bank of Nigeria.
Stock market loses N242bn in 2 days
After two days of the suspension of trading on the five banks’ shares whose managing directors were sacked by the Central Bank of Nigeria (CBN) last Friday, stock market has lost N241.519 billion, as market capitalisation declined from N5.556,091 trillion on Friday last week to close at N5,314,572 trillion, yesterday( Tuesday ).
Insurance stocks drive NSE turnover by 59%
Equity trading on the Nigerian Stock Exchange (NSE) was driven, Tuesday, by activity in the Insurance sub-sector, accounting for 58.8 per cent of the market turnover.
Iroche assures FinBank’s customers of safety of deposits
The new Managing Director/Chief Executive Officer of FinBank Plc, Mrs. Suzanne Iroche, Tuesday, in Lagos assumed duty at the bank with an assurance that the bank remains sound.
