Business

As part of measures to deepen bilateral ties between Nigeria and the United Kingdom, newly elected President of the Nigerian-British Chamber of Commerce (NBCC), Prince Dapo Adelegan, has unveiled plans to increase engagement among stakeholders within the next two years. In its long-term projection, the chamber is optimistic of an improved trade volume of over…

CYBER-SECURITY chief at ESC Global Security, Joseph Carson, has warned that the maritime industry is vulnerable to cyber-crime unless it develops a better awareness of the dangers and adopts security best practice

THE Port Manager, Tin Can Island Port Complex (TCIPC), Babatunde Longe has described the ongoing Apapa gridlock as a major threat to economic activities at the port.

Use of coal and oil needs to decline after 2020, and natural gas, to be replaced by nuclear and renewable energy, for the world to begin curbing emissions in the next decade, according to the International Energy Agency (IEA).

TELECOMMUNICATIONS and data services company, MainOne Cables has invested over $300 million in infrastructure and services in about seven countries in the West African sub-region.

THE on-going exercise that requires Deposit Money Banks (DMB)- that is, banks that accepts deposit from the public- to compulsorily enrol the biometrics of their customers to create a unique Bank Verification Number (BVN) for each customer is one of the best things that has happened in the Nigerian financial system today. Apart from the…

Nigeria Postal Service (NIPOST) through its Courier Regulatory Department (CRD), has revoked licences of 10 courier operators over non-renewal of their respective licences. They include the Imo Transport Company Limited, Kwara State Express.

NIGERIA, in January this year, was greeted with a negative investment rating on its bonds listed on JPMorgan’s Government Bond Index – Emerging Markets (GBI-EM). This index includes selected bonds issued by eligible countries. The situation got worse, when after several months of being on the watch list without improvement, according to the measurement of…

The Securities and Exchange Commission (SEC), has declared that BGL Securities Limited, BGL Capital Limited, BGL Asset Management Limited, all members of thc BGL Group, and the Managing Director of the group, Albert Okumagba remained suspended from all capital market activities. The commission also invited the management of the company to appear before the SEC…

The equities market closed yesterday on a positive note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] appreciated by 1.21 per cent to close at 33,249.19basis points, compared with the 0.81 per cent depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 4.06 per cent Market breadth also closed positive as Forte Oil…

The Managing Director and Chief Executive Officer, Bank of Industry, Rasheed Olaoluwa has commended conglomerates such as Olam Nigeria to the development of the rice industry in Nigeria . Speaking during the just-ended one-day Rice Fair in Kano at which he was the special guest, Olaoluwa also commended the organizers even as he observed that…

ODUA Investment Company has announced that the firm has embarked on a five-year growth plan that would grow the group’s business in five years (2015-2019) from N4.5billion to N20billion with 15per cent rise in profit before tax. The growth strategy, aimed at turning around the fortunes of the company in the next five years, according…