Business

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Aviation industries may attain highest safety rating by 2017 ending

Stakeholders have said that the country’s aviation industry may attain the highest global safety rating by the end of 2017, going by current developments.In...

NNPC pays its ₦450 billion Federation Account debt

The Nigerian National Petroleum Corporation has finally offset its indebtedness of ₦450bn to the Federation Account.The Permanent Secretary, Federal Ministry of Finance, Mahmoud Isa-Dutse,...

Banks deny taken over Etisalat Nigeria, request for debt to be...

Association of 13 banks involved in Etisalat Nigeria loan on Thursday refuted reports that they have taken over the operations of the company.A management...

99% packaging materials sourced locally by NB for sustainable development

In its quest for sustainable development in the manufacturing sector, the Nigerian Breweries (NB) Plc says it sources 99 per cent of its packaging...

Shareholders of Ecobank approves raising of $400m via convertible bond

Shareholders of Ecobank Transnational Incorporated (ETI) Plc last weekend authorised the board of the financial services group to raise up to $400 million through...

Agricultural finance fund closes at $65.9m

In Abuja yesterday, Federal Government disclosed that the Fund for Agricultural Finance in Nigeria, which was initiated by the Federal Ministry of Agriculture and...

NNPC loss persists, records ₦39.3bn deficit in four months

The monthly financial losses of the Nigerian National Petroleum Corporation since the beginning of this year continued in the month of April.Figures from the...

Shell committed to development of 2.8 trn scf of gas

Shell Petroleum Development Company (SPDC) Joint Venture is developing various gas projects to support domestic consumption, especially by industrial concerns and power generating firms.According...

₦140 billion lost every week to Apapa Wharf road – Dangote

The President, Dangote Group, Aliko Dangote yesterday said the Federal Government loses about ₦140billion weekly because of the deplorable condition of the Apapa ports...

Again, UBA emerges financial brand of the decade

Foremost Nigerian banking institution, United Bank for Africa (UBA) Plc has again emerged the Financial Brand of the Decade at the Marketing Edge Awards...

Heritage Bank agent outlets grows to 400, moves to Badagry

Heritage Bank Plc has cashed in on the alarming number of market women, artisans and underserved population who are unbanked, to deepen its retail...

Etisalat $1.2 billion debt talk fails, proffer to change shareholder...

Etisalat Nigeria has initiated changes to its shareholding structure after talks with lenders to restructure a $1.2 billion debt failed, the company said on...

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