Africa Business Gas supply from Nigeria to Ghana, others resumes February 29, 2020 Ekemini The West African Gas Pipeline Company Limited has said it is resuming its supply of natural gas from Nigeria to its customers in Republic of Benin, Togo and Ghana. WAPCo…
Business Local Coronavirus: Stakeholders worry about surveillance at Nigeria’s international airports February 29, 2020 Ekemini Following the announcement of the first case of coronavirus in Nigeria, aviation experts have called for better surveillance at all the country’s international airports. Aviation security expert, Group Capt. John…
Banking Local CORONAVIRUS: Oil price drops below Nigeria’s 2020 budget benchmark February 29, 2020 Ekemini Nigeria’s budget estimate appears threatened as oil price drops $5 below the 2020 benchmark on global fears over the impact of the Coronavirus epidemic. Brent crude which is the international…
Business Olam’s pilot farming project to boost tomato value chain February 29, 2020 akintunde Olam Nigeria’s Vice President in charge of Farming Initiatives, Reji George, has disclosed that preliminary results from its pilots farming project point to a bountiful harvest, just as he revealed…
Business Investing Technology World Total Is Said to Bid for Stake in $7.4 Billion U.K. Wind Farm February 29, 2020 Ekemini French oil company Total SA is among the final bidders for a stake in an offshore wind farm that may cost more than $7 billion to develop and operate, according…
Business World It was a hellish week to be a billionaire February 29, 2020 Ekemini It was a bad day to be a billionaire. As stocks plummeted worldwide Monday on coronavirus fears, the 10 richest people in the world lost a collective $30 billion, according…
Africa Business Africa May Only See Impact of New Free-Trade Deal After 3 Years February 29, 2020 Ekemini The real impact of commerce under a Pan-African deal to establish the world’s largest free-trade area will probably only be seen in three years, according an architect of the pact.While…
Business Investing World Citadel, BlackRock, and D1 Capital are racking up hundreds of millions in gains as coronavirus fears tank airlines, cruises, and movie-theater stocks February 28, 2020 Ekemini What might end up being the worst week for stocks in over a decade hurt a little less for some asset managers. BlackRock, Citadel, D1 Capital, and Adelphi Capital were…
Business Investing Tips World Warren Buffett discussed Apple, bitcoin, coronavirus, and Bernie Sanders in an interview this week. February 28, 2020 Ekemini Warren Buffett is renowned for making witty and insightful comments that many investors turn to for guidance. The 89-year-old investor and Berkshire Hathaway CEO offered several gems about Apple, bitcoin,…
Local Coronavirus: Hamzat Reveals Italian Man Was In Ogun State Before Bringing Virus To Lagos February 28, 2020 Ekemini The Deputy Governor of Lagos state, Obafemi Hamzat, was on TVC this morning where he revealed that the Italian man diagnosed with the first case of Coronavirus in Nigeria, went…
Technology ‘Airtel records 1.022 fibre cuts’ February 28, 2020 Ekemini Airtel Nigeria says it has experienced 1,022 fibre cuts in the past eight months, which have affected its network quality of service. The fibre cuts incidents happened between July 2019…
Banking Ecobank Nigeria appealing Tribunal Judgment on disputed FIRS tax liability February 28, 2020 Ekemini Ecobank Nigeria wishes to provide its position on a statement released by the Federal Inland Revenue Service (FIRS) on the judgement of the Tax Appeal Tribunal (TAT), sitting in Lagos…
Business Shipping lines may lose $1.7bn to Coronavirus – Report February 28, 2020 Ekemini A Copenhagen-based analysis company, Sea-Intelligence, has predicted that international shipping lines may lose $1.7bn in revenue following the impact of coronavirus outbreak on the international shipping sector. The research agency…
Business Nestle Nigeria Plc appoints new Director February 28, 2020 Ekemini Nestle Nigeria Plc has appointed Mrs Juliet Ehimuan as an Independent Non-Executive Director. The appointment is said to have taken effect from February 24, 2020. Ehimuan’s appointment was announced in…
Business NNPC to begin gas pipeline construction by Q2 2020 February 28, 2020 Ekemini The Nigerian National Petroleum Corporation (NNPC) has disclosed that the construction of the Ajaokuta-Kaduna-Kano gas pipeline would commence in the second quarter of 2020. The corporation’s Group Managing Director, Mallam…
Local FG orders forensic audit of Discos February 28, 2020 Ekemini The National Economic Council on Thursday ordered a forensic audit of the electricity Distribution Companies in the country, particularly their bank accounts. The NEC meeting, which was chaired by Vice-President…
Business Investing Local Technology FG facilitates $20m tech fund, N90bn agripreneur loan February 28, 2020 Ekemini To further drive its support for micro, small and medium enterprises (MSMEs), the federal government has facilitated a $20 million technology fund for young innovators through Bank of Industry (BoI),…
Local Sell-off in MTN, Ecobank drags equities down by 0.22% February 27, 2020 Ekemini The equities market sustained its bearish performance on Wednesday, on the back of sell-off on the shares of MTN Communication Nigeria Plc and Ecobank Transnational Incorporated, ETI. Breakdown of the…
Africa Lafarge Africa rewards customers February 27, 2020 akintunde Lafarge Africa Plc has rewarded its customers during its Customer Award event held in Lagos. The event was an opportunity for the company to reward its high performing customers in…
Business PoS transactions fall by 16% February 27, 2020 Ekemini Financial sector experts are divided over the 16 percent month-on-month, MoM, decline in the value of Point-of-Sale, PoS, transactions in January 2020. Vanguard analysis of the latest data from the…
Business Dangote Cement reports N201bn profit after tax February 27, 2020 Ekemini Dangote Cement Plc has posted a profit after tax of N200.521bn for the financial year ended December 31, 2019 as against a profit of N390.325bn posted in 2018, representing a…
Banking Tribunal orders Ecobank to pay N1.6bn to FIRS February 27, 2020 Ekemini The Tax Appeal Tribunal, Lagos Zone has declared as illegal, null and void the decision of Ecobank Nigeria Limited to pay N5.54bn as dividend to its shareholders in a year…
Local 2019 debt servicing gulped N2.1tn — Investigation February 27, 2020 Ekemini The Federal Government spent a total sum of N2.1tn to service the country’s debt obligations to local and foreign debtors between January and December 2019, statistics obtained from the Accountant-General…
Business Shoprite selling property to pay for online, store upgrades February 27, 2020 Ekemini Shoprite Holdings Limited’s decision to sell some properties and lease them back is to free up cash to invest in technology, growing online sales and upgrading supermarkets to offer more…
Technology Peugeot maker PSA’s revenue, profits rise in 2019 February 26, 2020 Ekemini Peugeot maker PSA Group posted a higher-than-expected rise in 2019 revenue on Wednesday, although the volumes of cars sold declined, with the French firm saying it anticipated sliding demand in…
Business Local Discos deny receiving subsidy from FG February 26, 2020 akintunde Electricity distribution companies, under the aegis of Association of National Electricity Distributors, has said they had not received any subsidy from the Federal Government since the privatisation of the power…
Local How Buhari regime depleted ECA by N1.5tn February 26, 2020 Ekemini Between 2015 and 2019, the Federal Government withdrew N1.5tn (about $4.92bn) from the Excess Crude Account, statistics obtained from the Ministry of Finance have revealed. The ECA, which was created…
Local Immigration, NIMASA repatriate stranded Indian seafarer February 26, 2020 Ekemini THE Lagos Seaports and Marine Command of Nigeria Immigration Service, in collaboration with the Nigeria Immigration Service, NIS, and the Nigerian Maritime Administration and Safety Agency, NIMASA, has repatriated a…
Business Local Ondo targets N500bn investment through deep seaport project February 26, 2020 Ekemini ONDO State Governor, Rotimi Akeredolu, has said the development of a deep seaport project in the state will generate more than N500billion investment to the host communities in Ilaje Local…
Local WACT plans upgrade of phase-2 of facility February 26, 2020 Ekemini THE West Africa Container Terminal, WACT, has concluded plans to begin the second phase of its facility upgrade within the next 18 months to expand its capacity to take more…
