Guinness declares N265bn revenue, PAT up 53% to N25.3bn
By Etop Ekanem Guinness Nigeria Plc has reaffirmed its confidence in the strength and future of its business, as the Company enters a new phase of growth underpinned by improved profitability, a significantly stronger balance sheet and continued investment in its brands, manufacturing capabilities and route to market. The company shared this outlook during its […]
NIMASA to go after importers over proliferation of arms
Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has said that they would go after importers of arms and ammunition that are being used along the nation’s waterways by pirates and sea robbers.
Etisalat, LBS partner on business sustainability strategy
ETISALAT Nigeria in partnership with the Lagos Business School (LBS) of the Pan African University has urged businesses in Nigeria to develop a sustainability strategy if they are to add value to the society and minimize negative impacts caused by their business processes.
FOU zone ‘Á’ records 267 seizures in six months
The Federal Operations Unit (FOU), Zone ‘A’ Ikeja, Lagos of the Nigeria Customs Service (NCS) in the month of June made 267 seizures worth N107, 029, 420 ( One hundred and seven million, twenty nine thousand , four hundred twenty naira), just as a total of N6, 942, 917 was made also in the month.
76 Oil wells: Why Akwa Ibom’s N250m grant was rejected – C/River
Cross River State Government has given reasons for rejecting the N250 million which the Akwa Ibom Government offered as monthly grant for settlement for the loss of 76 oil wells.
Experts laud CBN directive over banks financing foreign subsidiaries
Some financial experts have commended the Central Bank of Nigeria (CBN) for stopping banks from using their funds to finance foreign subsidiaries. The experts said in separate interviews with the News Agency of Nigeria (NAN) that the step would checkmate fraudulent practices and enhance sanity in the financial system. According to them, the banking sector has been overheated with persistent crises and the industry needs effective measure to restore investors’ confidence in the system.
