Sunday, November 28, 2021

Business

Hostile business environment impeding us from setting up factories, US-based Nigerian industrialist

By Henry Uche, Lagos A US-based Nigerian industrialist, Emeka Chinaka, has said that a hostile business environment in Nigeria is an impediment to most interested investors who want to set up factories. He noted that an enabling business environment...

Katsina: Masari proposes N340 billion budget for 2022 fiscal year

From Agaju Madugba, Katsina Katsina State Governor Aminu Bello Masari has proposed a total of N340,951,912,557.00 budget for 2022 to finance government projects. Laying the budget on the floor of the House of Assembly on Wednesday, Governor Masari noted that...

Microsoft to host African programmers, developers at Innovate with C#

By Perpetua Egesimba, Lagos Microsoft Africa Development Center (Microsoft ADC), the engineering centre for Microsoft,  is set to kick off its first skill-based user group event on November 18, tagged “Innovate with C#”. According to the organisers, Innovate with C#...

Forex: Innoson to export vehicles to more African countries

By Adewale Sanyaolu To reduce pressure on the country’s foreign exchange (forex) demand, lnnoson Vehicle Manufacturing(IVM) Limited has announced plans to export its range of vehicles to more African countries and beyond. Its Chairman, Innocent Chukwuma, stated this during a...

NRC workers to paralyse rail services nationwide

By Steve Agbota Nigeria’s rail transport services across the country may be totally paralysed as workers of the Nigerian Railway Corporation (NRC) are set to begin a three-day warning strike to protest poor welfare, comprising lack of provision of...

MAN partners RMRDC on local material sourcing   

By Merit Ibe As part of efforts towards revitalising the manufacturing sector, the Non-Metallic Mineral Products Sectoral Group of Manufacturers Association of Nigeria (MAN) has partnered the Raw Materials Research and Development Council (RMRDC) to look inward for raw...

LITF lauds UBA’s contribution to growth of African economies

The Lagos Chamber of Commerce and Industry (LCCI) has commended United Bank for Africa (UBA) for its contribution to infrastructure development and growth of trade in the 19 countries where it operates, saying that was why the bank...

Fidelity Bank PBT rises to N28.10bn in 9 months

Fidelity Bank Plc has posted a profit before tax (PBT) of N28.10 billion for the nine months ended September 30, 2021. Its Chief Executive Officer, Mrs Nneka Onyeali-Ikpe, said this in an unaudited financial statement posted on the website...

Nigeria to exploit $10.5bn potential in shipping industry

By Steve Agbota                                    styvenchy@yahoo.com 08033302331 With its long coastline, unique location, large oil and gas deposit, large and growing population, among others,...

APM Terminals to cut plastic waste by over 400,000 bottles

Nigeria’s largest container terminal, APM Terminals Apapa, said it is reducing plastic waste at the Lagos Port by more than 400,000 bottles per year. The company stated this while observing the 2021 annual Go Green Initiative from October...
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Switzerland gives Covid passports the green light after tense referendum

Switzerland has given vaccine passports the green light after a referendum on public events. Swiss voters approved a policy...
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