Other Business News

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 …

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 …

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 …

THE Federal High Court Ikoyi Lagos has remanded businessman, Cajetan Chike Muonagolu, in prison custody on a 4 count charge bordering on dealing in adulterated and substandard engine oil. The court presided over by Justice Saliu Saidu also admitted Muonagolu bail in the sum of N50million and two sureties in the like sum. One of the sureties must be a …

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 …

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 …

FOLLOWING the threat posed on the aviation industry by cyber criminals, the Lagos State chapter of the National Association of Air Traffic Engineers (NAAE) will hold a symposium to illuminate the threat and proffer solutions on how to deal with them should they arise. The body made this known as it announced its plans to host its Biennial General Meeting …

NIGERIA has been described by Delta Air Lines as an important Market as part of the airline marking a successful first 12 months of flying between Lagos and New York-JFK non-stop. Delta’s Commercial Director East and West Africa, Bobby Bryan made this known while stating that Delta’s Lagos-New York-JFK service has had an average load factor of 84%. Bryan also …

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 …

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 …