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Business news

Month: July 2018

3 in 5 babies not breastfed in the first hour of life

Breastfeeding within an hour after birth is critical for saving newborn lives but 3 in 5 babies not breastfed in the first hour of life. This means that an estimated 78 million babies – or three in five – are not breastfed within the first hour of life, putting them at higher risk of death […]

Nigerian Airways Ex-workers N45b Payment, Approved By National Assembly

Over 3000 workers of liquidated Nigeria Airways to smile as the National Assembly last week approved the final payment of their N45 billion severance benefits. The signing of the final approval was the last assignment the lawmakers carried out before they embarked on a two months recess. The sudden approval may not be unconnected with the […]

36 Finalists Emerge In Maiden National MSMES Awards

In line with the Buhari administration’s commitment to continue to support growth in the Micro, Small and Medium Enterprises (MSMEs) sector, arrangements have reached advanced stage to host the first ever National MSMEs Awards as 36 finalists have emerged for the event scheduled to hold in Abuja on August 2, 2018. The 36 finalists were selected […]

EFCC Arraigns Three INEC Staff For N179.8m Fraud

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, has arraigned three officials of the Independent National Electoral Commission, INEC, before Justice Muslim Hassan of the Federal High Court sitting in Ikoyi, Lagos on an eight-count charge bordering on conspiracy, diversion of public funds and money laundering to the tune of N179, 800,000.00 (One […]

TRANSCORP HOTELS PLC HY 2018 PROFIT AFTER TAX EXPANDS BY 85%

 The pride and pearl of the Nigerian Hospitality Industry, Transcorp Hotels Plc. (“Transcorp Hotels”) has announced its Unaudited Financial Statements for the period ended June 30, 2018. The company showed significant growth over same period last year recording a turnover of N8.01billion, Profit Before Tax of N2.02billion and Earning Per Share of 17.84 Kobo. Transcorp Hotels delivered […]

YouWin: Ministry of Finance to address issues

The Nigerian Ministry of Finance has promised to address grievances raised by participants in the YouWin! Connect Programme.   This was the outcome of the meeting between officials of the Ministry and representatives of participants of the YouWin! Connect Capacity Building Programme, who came to seek further clarifications in respect of the programme.   The […]

Universal Insurance: NSE lifts suspension

The Nigerian Stock Exchange has lifted the suspension placed on Universal Insurance Plc. The NSE in its market bulletin said the company had submitted its Audited Financial Statement for the year ended 31 December 2017. According to the exchange: “In view of the submission of its accounts and pursuant to Rule 3.3 of the Default Filing […]

Stock market capitalisation gains 0.84%

The All Share Index and the market capitalisation of the Nigerian Stock Exchange gained 0.84 per cent on Monday, starting the week on a positive note. The All Share Index and the market capitalisation stood at 36,946.05 basis points and N13,384 trillion, gaining 309.08 basis points and N112 billion respectively. At the end of the […]

Buhari: I’m not bothered about defections in APC

President Muhammadu Buhari on Sunday night said that he was not bothered about the defections in the ruling All Progressives Congress (APC). Buhari, who was responding to a question during an interactive session with the Nigerian community in Togo at the Nigerian Embassy, Lome, said most Nigerians appreciated the performance of his administration. In a […]

Buhari to inaugurate 69km Warri-Escravos road soon

The Niger Delta Development Commission says plans have reached an advanced stage for President Muhammadu Buhari to inaugurate the construction of a 69-kilometre road network that will link Warri to the Nigeria Maritime University, Okerenkoko, and the Escravos terminal in Warri South West Council Area of Delta State. The Executive Director, Projects, NDDC, Mr Samuel […]

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