Wednesday , 18 May 2022

Other Business News

World Presidents, dignitaries set for #theUBAMarketplace2019

PAN African financial institution, United Bank for Africa (UBA) Plc is set to host over 20,000 visitors, 100 small and medium enterprises and leading private and public sector players from across Africa, at the continent’s biggest entrepreneurial fair tagged #theUBAmarketplace2019 in Abuja, Nigeria. The event, which will be held on July 26th and 27th 2019, on the sideline of the …

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FAAN commences ICAO-sponsored ASTC certified trainings; holds risk management workshop

FOLLOWING the certification and designation of the FAAN training centre as an ICAO Aviation Security Training Centre on the 9th October, 2018, the Federal Airports Authority of Nigeria (FAAN), today, 23rd April 2019, held its inaugural ICAO sponsored training: ICAO Risk Management Workshop at the Aviation Security Training Centre, FAAN Training School, Lagos. Declaring the workshop open, the Managing Director …

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FG commences restructuring, recapitalization of BoA with N250bn in 90 Days

FEDERAL Government yesterday said that it is considering the recapitalization of Bank of Agriculture (BoA) with N250billion in 90 days in collaboration with the Bureau of Public Enterprise (BPE) as part of plans to revitalize it. Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who stated this in Abuja said the plan was to restructure, reform and recapitalize BoA …

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Mainstream Energy loses N1.8 billion annually to stranded Power

targets supply to Niger, B/Faso, other W/African countries MAINSTREAM Energy Solutions Limited, operators of Kainji Dam and Jebba Hydro Power plants says it loses at least N1.8 billion annually, a N900 million monthly average due to stranded power occasioned by load rejection by the National Control Centre, (NCC) . This is just as the company said it has initiated talks …

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NERC slams Discos over metering as vandals hit 6 TCN towers in Delta

NIGERIAN Electricity Regulatory Commission (NERC) has slammed electricity distribution companies, stating that it is their responsibility under the Meter Asset Provider (MAP) Regulations 2018 to ensure that all electricity consumers across the country have meters. This is coming as six (6) Transmission Towers along the Delta – Benin and Delta – Sapele – Benin 330kV transmission line routes belonging to …

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Planned VAT increase: NECA cautions FG against implementation

NIGERIAN Employers’ Consultative Association (NECA), has said that the upward review of Value Added Tax (VAT) as being proposed by Federal Government is ill-advised and not the only option opened to government to fund the new national minimum wage. NECA, the umbrella body for organised private sector made this known while reacting to proposed increment through Mr. Timothy Olawale, it’s …

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Tony Elumelu Foundation to announce selected 1,000 entrepreneurs for 2019 Programme on March 22,

TONY  Elumelu Foundation (TEF), will announce the selected applicants for the 2019 cohort of the Foundation’s flagship Entrepreneurship Programme on March 22, 2019. The event, which marks the 5th round of the Foundation’s Entrepreneurship Programme, will take place at the Transcorp Hilton Hotel, Abuja. Every year, the Tony Elumelu Foundation opens its application portal to African entrepreneurs, with businesses of …

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