Business

COVID-19 Lockdown: NNPC seeks smooth movement of petroleum tankers

The Nigerian National Petroleum Corporation (NNPC) has called on security agencies to allow petroleum products tanker drivers free movement, despite the lockdown ordered in...

Stranded ships begin transiting Panama Canal

THE Panama Canal Authority said Sunday that two cruise ships carrying more than 1,800 passengers and crew — some infected with COVID-19 — stranded...

Nigeria adopts standards on low sulphur in turbine, marine fuel

THE Nigerian National Technical Committee on Petroleum and Petrochemicals has reached consensus on the adoption of the International Organisation for Standardisation, ISO, standards for...

Maritime community must develop action plan — NCMDLCA

AS the Coronavirus,COVID-19, pandemic continues to spread across the country, customs agents have called for the development of an action plan by stakeholders in...

SOAN chief challenges NIMASA on shipbuilding capacity this period

THE new management team at the Nigerian Maritime Administration and Safety Agency, NIMASA, led by Dr. Bashir Jamoa, has been advised to use this...

COVID-19: Prudential Zenith Life offers protection to its customers

In the face of the coronavirus pandemic and the resulting lockdown, Prudential Zenith Life Insurance is rolling out a range of services to help...

COVID-19: Banks, private sector operators to the rescue

The Coronavirus (COVID-19) pandemic is real in Nigeria with over 111 confirmed cases recorded so far in the country. But the government, banks and...

StanChart commits $1b to finance firms tackling COVID-19

Standard Chartered (StanChart) is committing $1 billion of financing companies that provide goods and services to help the fight against Coronavirus (Covid-19), and those...

Union Bank, 54Gene partner to raise $130,000

Union Bank of Nigeria Plc has donated $130,000 to tackle the spread of the Coronavirus pandemic. The cash was made into a fund set up...

Proxy AGM must comply with laws, guidelines, says CAC

The Corporate Affairs Commission (CAC) has said companies that opt to conduct their annual general meetings (AGMs) through the use of proxies must comply...

SEC to sanction companies for unapproved alteration

Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) will henceforth impose sanction on any capital market operator or company that alters approved...

Sterling Bank declares N864m dividend

Sterling Bank Plc grew its net profit by 15 per cent to N10.6 billion in 2019 as the commercial bank sustained steady growths across...

Pan Marine acquires majority stake in Golden Guinea Breweries

Pan Marine Investment Limited has acquired 73.4 per cent majority equity stake in Umuahia, Abia State-based Golden Guinea Breweries Plc in a transaction valued...

Orion Labs Raises $29m In Series B Funding

        ABUJA DOCTOR REVEALS HOW MOST NIGERIA MEN ARE NOW OVERCOMING TERRIBLE BEDROOM PERFORMANCE DUE TO THIS BRILLIANT DISCOVERY. DON'T BE A VICTIM!  Orion Labs,...

Lockdown: Allow tanker drivers to operate, NNPC tells security operatives

The Nigerian National Petroleum Corporation (NNPC) has appealed Law enforcement agencies across the Country to allow petroleum products tanker drivers free movement during the...

FG crashes pump price of petrol to N123.50 per litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol...

COVID-19: Foundation Donates N2m to Vulnerable Nigerians

Oluchi Chibuzor As parts of the effort to cushion the impact of the coronavirus (COVID-19) in Nigeria, the Stephen Akintayo Foundation has donated the N2...

COVID-19 and Wealth Creation Opportunities

Based on information provided by Investdata Consulting Limited, an independent research and financial education company, Goddy Egene writes that the COVID-19 pandemic has driven...

Standard Bank Withdraws Guidance over COVID-19

Standard Bank on Tuesday withdrew its financial guidance citing uncertainty caused by the coronavirus (COVID-19) which has forced South Africa into a 21-day lockdown...

AXA Mansard Supports Fight against COVID-19

AXA Mansard Health Limited, one of the Health Management Organisations (HMO), has supported efforts at eradicating the COVID-19 pandemic in Nigeria through donation of...

Sit-at-home subscribers pressure telecom operators for tariffs slash

• Only NCC can order price reviews Telecommunications subscribers have pressured mobile network operators (MNOs) to initiate slash in prices of data, voice and all...

Experts want government to create intervention funds for essential industries, others

To alleviate pains of COVID-19 on the citizenry, financial experts have urged the Federal Government to consider the provision of intervention funds to support...

‘Increment of electricity tariff may escalate poverty, deepen crisis’

The planned increment of electricity tariff that was hitherto expected to take effect from today (April 1) will escalate poverty rate in the country...

Oil major suffers $800 million hit, revises Q1 production guidance

Oil major, Shell, yesterday, trimmed its estimated oil and gas production for the first quarter of 2020, warning of major uncertainty over the value...

‘Why government should muster will to address socio-economic challenges’

Experts from the different spectrum of the Nigerian economy have said that the inability of the various governments to muster the needed political will...

Three banks commit over N500b to stem impact of Covid-19 pandemic

Announce zero charges for digital money transfers Three commercial banks have committed over N500 billion as part of efforts to push fight against COVID pandemic...

Experts berate FG over stifling effect of policies on banking operations

Experts in the financial industry have bemoaned the stifling effect of Federal Government’s (FG) policies on commercial banks, insisting that these strategies are already...

Investors lose N2.3tr as pandemic takes toll on stock market

• Stakeholders seek appropriate coordination of stimulus packages Uncertainty in the domestic and global economy, triggered by the devastating effect of the raging COVID- 19...

COVID 19: MAN tasks governors on smooth movement of essential items

The Manufacturers Association of Nigeria has appealed to state governors to give necessary directives to some officers who were hindering smooth passage of essential...

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