Business

Oando grows half year revenue to N2.1trn

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.
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Diamond Bank to showcase card products at 2009 CardExpo Africa

Diamond Bank to showcase card products at 2009 CardExpo Africa

As part of efforts to foster a cashless economy by encouraging the adoption and preference for card transactions in the Nigeria, Diamond Bank PLC has concluded plans to participate actively at the 2009 CardExpo Africa.
The Bank will be participating as a Platinum Sponsor at the event billed to hold in Lagos from June 16 to June 18, 2009 and will have an exhibition stand at the three day event.

Stakeholders chart course for improved rice production

Stakeholders chart course for improved rice production

THE United States Agency for International Development (USAID) and major stakeholders in the Agriculture sector yesterday urged the Federal government to as a matter of urgency bring up modalities that would increase the competitiveness of agro business especially in the face of the present global economic meltdown.

Stanbic IBTC: Nigeria ,China strengthen ties

Stanbic IBTC: Nigeria ,China strengthen ties

The strategic Relationship between Nigeria and China will be further strengthened as Mr. Jiang Jianqing, Chairman of Industrial and Commercial Bank of China (ICBC) Limited, visits the country.

Africa’s smallholder farmers to benefit from US$150b market for farm produce

Africa’s smallholder farmers to benefit from US$150b market for farm produce

Seven out of ten Africans earn their living by farming. According to researchers, the market for milk, meat, and staple food crops like maize, banana, sorghum, rice and millet within Africa is estimated at USD$150 billion a year—far exceeding Africa’s market for internationally traded cash crops like coffee, tea, and flowers. A year of record high food prices presents a unique challenge and opportunity for Africa. To benefit, African farmers must produce more food, but more importantly, they must have access to markets to sell their harvests at prices that benefit farmers and consumers.