Cassava seed producers have raised concerns over their inability to access loans and insurance cover to hedge against risks. They spoke at the second edition of the cassava seed business summit organized by the Building an Economically Sustainable and Integrated Cassava Seed System, Phase 2 (BASICS-II) project of the...
BUSINESS
BUA Cement says it is in discussion with the International Finance Corporation (IFC) to obtain a loan for expansion of its integrated cement plant in Kalambaina, Sokoto State. The cement company disclosed this in a statement signed by Hauwa Garba Satomi, the Deputy Company Secretary and obtained from the...
It was a moment of joy for stakeholders in the oil and gas industry as President Muhammadu Buhari unveiled the new Nigerian National Petroleum Company Limited (NNPC Ltd.) on July 19. Following the unveiling, the NNPC became fully commercialised and transited into a limited liability company. There are some...
The Federal Government says major tech giants.including Google, Facebook, Twitter, YouTube have shown interest in investing and exploring business opportunities in Nigeria’s digital space. The Minister of Information and Culture, Alhaji Lai Mohammed said this on Saturday in Epe, Lagos state at the 49th Annual General Meeting (AGM) of...
By OLA MUDOPE, Lagos – The Airline Operators of Nigeria (AON) have notified travellers to expect flight disruptions as a major Jet-A1 fuel scarcity has hit the aviation sector and is likely to affect schedules. The AON spokesman, Prof. Obiora Okonkwo, who disclosed this in a statement, made available...
The Corporate Affairs Commission (CAC), has restated commitment to implementing reform initiatives aimed at repositioning it as one of the best Registries globally . The Registrar-General of CAC, Alhaji Garba Abubakar, said this at a plenary session of the Nigerian Bar Association (NBA) at the16th Annual International Business Law...
The European Union (EU) Delegation to Nigeria and ECOWAS said on Friday that, it would replace the gas from Russia with Nigeria Gas due to the invasion in Ukraine. The Deputy Director-General Department for (Energy), European Commission in Brussels, Mr Matthew Baldwin, said this at a news conference on...
By TENEBE ANTHONIA, Lagos – Capital market stakeholders have called on Nigerian Exchange Limited (NGX) and market regulator to leverage technology to enhance retail investor participation and drive listings. The stakeholders made the disclosure at the recently concluded NGX CEO Roundtable themed “Creating the Enabling Ecosystem for Accessing Capital...
Dana Airlines has affirmed that its Air Transport Licence (ATL) and Air Operator Certificate (AOC) have been suspended indefinitely, however, the commercial airline says it will come back from the suspension stronger. In a statement on Wednesday, Dana Airlines said it was suspended for an operational Audit which as...
Minister of Niger Delta Affairs, Mr. Umana Okon Umana, has said that under his leadership, the Niger Delta Development Commission (NDDC) will be repositioned and rebranded to achieve its core mandate as a vehicle to drive the socio-economic development of the region. Umana said a management retreat of the...
By OLA MODUPE, Lagos – The Nigerian Civil Aviation Authority (NCAA) has suspended Dana Airlines’ Air Transport Licence (ATL) and Air Operator Certificate (AOC) indefinitely, with effect from midnight of Wednesday, July 20, 2022. Capt. Musa Nuhu, the Director General of NCAA, announced this in a statement issued on...
Access Bank will be rewarding customers this summer with millions of naira, smartphones and other amazing prizes in the AccessMore mega rewards. Mr Rob Giles, Senior Retail Advisor, Access Bank, said in a statement on Wednesday in Lagos. The AccessMore campaign unveiled in June 2022 will run till the...
By TOM CHIAHEMEN – De Havilland Aircraft of Canada Limited and Ethiopian Airlines Group announced today that Ethiopian has signed a proposal for the purchase of two Dash 8-400 Freighter – Large Cargo Door (F-LCD) conversion kits. The proposal provides an option for an additional two F-LCD conversion kits....
Zimbabwe is choking under mounting international debt as it begins to pay the price for borrowing heavily from China for infrastructure projects at the tail end of Robert Mugabe’s rule. Beijing funded the expansion of Victoria Falls International Airport and that of the southern African country’s main source of...
Mr Gabriel Lima, Minister of Mines and Hydrocarbons, Equatorial Guinea has lauded the initiative of the Nigerian government for the new Nigeria National Petroleum Company Limited, describing Nigeria as a great example for Africa. Lima made this known in an interview with newsmen on Wednesday in Abuja, following the...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday increased the Monetary Policy Rate (MPR) to 14 per cent from its initial 13 per cent. Reading a communiqué after the committee’s meeting in Lagos, Mr Godwin Emefiele, the CBN Governor, said the MPC also...
Dr Ngozi Okonjo-iweala, the Director -General of World Trade Organisation (WTO) says removal of subsidy on fisheries will sustain fishery globally. Okonjo-iweala said this when she paid a courtesy visit to the Minister of State for Industry, Trade, and Investment on Tuesday in Abuja. According to her, there is...
Mr Gabriel Lima, Minister of Mines and Hydrocarbons, Equatorial Guinea, says Nigeria and Equatorial Guinea are in talks to enter into a commercial partnership to boost their gas production. Lima made this known while speaking with newsmen on Tuesday in Abuja, following the unveiling of the Nigerian National Petroleum...
The Nigerian National Petroleum Company Limited (NNPC Ltd) says its huge asset base will be disclosed soon in view of its current status. Malam Mele Kyari, Group Chief Executive Officer of NNPC Ltd made this known on Tuesday at a media chat after the Presidential unveiling of the New...
Dana Air says its Abuja-bound Boeing 737 aircraft with registration mark 5N DNA had an emergency landing on Tuesday. It said that the aircraft had been grounded for immediate attention by engineers. The airline’s Communication Manager, Mr Kingsley Ezenwa made these known in a statement issued in Lagos. Ezenwa...