Friday, September 04, 2020
The Federal Government has released the list of nine airlines granted approval to commence international flights in Nigeria. Speaking at a briefing of the Presidential TaskForce on Thursday, the Minister of Aviation…read more.
With the crude oil market likely to remain depressed for the rest of 2020, some oil servicing companies in Nigeria may eventually go bankrupt, Agusto & Co. has said.The rating agency and research firm, in its 2020 oil and gas servicing industry report…read more.
Fuel marketers across the country adjusted their pump prices on Thursday to between N158 and N162 per litre of petrol, saying a further increase in global crude oil prices would push the pump price of petrol higher…read more.
The International Finance Corporation (IFC), has announced a $39 million financing package to build a Continuous Polymerisation PET Resin plant in Ogun State, which would source over 20 percent of its raw materials from local waste plastics…read more.
It also warned that the directive has potential to an economic downturn already being facilitated by the COVID-19 pandemic, while blanket ban on centralised procurement would have significant negative impact on businesses and economy…read more.
To address the challenges facing over 70 percent rural population, curb growing rural to urban migration as well as spur economic activities, the Federal Government, Tuesday unveiled plans to power over five million homes through renewable energy…read more.
President Muhammadu Buhari and his Ghanaian counterpart, President Nana Akufo-Addo and an array of other dignitaries are expected to attend the Chartered Institute of Bankers of Nigeria (CIBN) annual conference…read more.
The PwC Nigeria has advised federal and state governments to evolve policies that would unlock $900 billion worth of dead capital tied unproductively in residential real estate and agricultural land…read more.
Shareholders of Presco Plc have approved the N2 billion dividend recommended by the board for the year ended December. The dividend, which translated to 200 kobo per share, was endorsed at the company’s 27th annual general meeting (AGM) held in Edo State…read more
Zenith Bank Plc has announced its audited results for the half-year ended June 30 2020, with profit after tax (PAT) of N103.8 billion. Subsequently, the bank has proposed an interim dividend of 30k per share to be paid to shareholders whose names appear….read more.
The President Muhammadu Buhari-led government is committed to putting an end to trade imbalance between Nigeria and her trade partners, the Nigerian Shippers’ Council, NSC, has said…read more.
The federal government, through the Nigerian Maritime Administration and Safety Agency (NIMASA), has commenced discussions with the government of South Korea aimed at developing Nigeria’s shipping sub-sector…read more.
In 1960, Singapore was one of the underdeveloped countries in the world with a GDP per capita of $428. By 2020, the country’s GDP per capita had surged to $65,233—152 times larger in 60 years. On the other hand, Nigeria’s per capita income was $92.96 in 1960 and $2,250…read more.
Travel and hospitality businesses, which have been impacted heavily by months of shutdown occasioned by coronavirus pandemic, are set to rebound as international flights resume in Nigeria tomorrow, September 5, 2020. The businesses, which groan…read more.
In many parts of Southern Nigeria where there is usually more rainfall, this year, farmers say the rains ceased earlier than expected and inadequate when more showers were needed whereas in the North, which usually does not get…read more.