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Other Business News

UBA empowers entrepreneurs in Onitsha with capacity training

PAN African financial Institution, United Bank for Africa (UBA) during the weekend held Micro Small and Medium Enterprises (MSME) capacity training in Onitsha where eneficiaries were trained in record keeping, cost reduction, stock compiling, financial and taxation planning, maximising opportunities, financial planning and projections. UBA’s Regional Head of Anambra II …

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Tony Elumelu Foundation disburses first tranche of  AFDB’s $5m partnership commitment

TONY O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment​ to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019 TEF Entrepreneurship Programme. The $2.5m fund was released yesterday, with the remainder expected to …

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Sanad Aerotech, Ethiopian Airlines partner to create MRO hub in Africa

SANAD Aerotech (Sanad), the leading provider of aircraft engine maintenance, repair and overhaul (MRO) solutions and part of Sanad – a wholly owned subsidiary of Mubadala Investment Company (Mubadala), has elevated its business expansion ambitions in Africa by signing a landmark agreement with Ethiopian Airlines, the continent’s fastest growing airline …

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SON says non-compliant importers need to follow processes to clear consignments

STANDARDS Organisation of Nigeria (SON) has said that importers who have failed to comply with the pre-shipment processes are the only ones complaining on accumulation of demmurage on their consignments. This is just as the SON discredited claims by one Kayode Farinto over purported collapse of its online application portal …

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Air France, KLM, Delta and Virgin Atlantic launch leading joint venture

AIR FRANCE, KLM, Delta and Virgin Atlantic have launched their expanded joint venture which combined, is estimated at US$13 billion, offering a greater choice of routes and loyalty options when travelling between Europe, the U.K. and North America. The new partnership provides customers with more convenient flight schedules and a …

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NCS appoints NOVA Merchant Bank as duty collecting bank

HAVING satisfied all the conditions set, NOVA Merchant Bank has been appointed as a designated collecting bank for Import, Excise and other duties by the Nigeria Customs Service. This will enable the Bank handle duty payments for its clients in addition to process and issue custom bonds along with guarantees …

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MMA2 unveils NCAA certified AVSEC instructors, assures of seamless operations as year winds down

OPERATORS of the Murtala Muhammed Airport Terminal Two (MMA2), Bi-Courtney Aviation Services Limited (BASL) unveiled some of its AVSEC staff who were recently certified as Aviation Security (AVSEC) Instructors by the Nigerian Civil Aviation Authority (NCAA). BASL has also assured travellers and other airport users of hitch-free flight and business …

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Tony Elumelu Foundation opens applications for TEF Entrepreneurship Programme, January 1, 2020

TONY Elumelu Foundation (TEF) will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme, on January 1, 2020. The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 young African entrepreneurs.  The goal is to create millions of jobs and the revenue …

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Heritage Bank partners Dukia Gold, identifies prospects in Nigeria’s £4bn Gold market

HERITAGE Bank Plc has said there is enormous potential in Nigeria’s £4 billion Pounds Gold market with high prospects of profitability for all players in the subsector. The MD/CEO, Ifie Sekibo, who stated this at the Nigeria-Canada Investment Summit, held in Abuja, yesterday said the industry had the prospect of …

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Heritage Bank, Sumitomo Corporation convene strategic Agribusiness meeting

FOLLOWING the nation’s plans to be a catalyst for an agricultural revolution, Heritage Bank Plc is forming alliance to further create formidable partnership arrangements with Sumitomo Corporation that will lead to impactful agribusiness within the segments of the agricultural value chain. As it stands, food production remains a significant challenge …

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