OTHER BUSINESSES

The Chief Executive Officer of Diamond Bank Plc, Uzoma Dozie has urged European entrepreneurs and investors to step-up their investment stakes in Africa, noting that the fundamentals for sustainable growth and development in the continent has remained positive. Addressing investors, captains of industry, corporations, thought leaders, opinion and policy makers...

Sterling Bank Plc has sponsored the second edition of Open House Lagos with the theme: 50 years of Resilience and Innovation organised by the British Council and Open House Lagos Board. Addressing journalists at a press conference to herald the second edition of the project in Lagos in recently, Chief...

• Says FG committed to enhancing port efficiency, maritime security Vice President Prof. Yemi Osinbajo has charged all African maritime administrators and regulators to speak with one voice at the global level as the continent addresses challenges facing the maritime space, noting that this will require cooperation amongst States and...

As part of its regular business portfolio review, Dangote Flour Mills (DFM), has exited its noodles business as it does not consider it strategic. The company has sold the assets of Dangote Noodles to Dufil Prima Foods, makers of Indomie noodles. To smoothen the transition, DFM has offered Dufil the...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged the Federal Government to revisit oil assets transfer by Nigerian National Petroleum Corporation (NNPC) to its subsidiary, Nigeria Petroleum Development Company (NPDC). Executive Secretary of NEITI, Mr Waziri Adio, made the call in a statement by the agency’s Director, Communications, Dr...

Minister of Aviation, Hadi Sirika, was aboard a test flight from Kaduna International Airport that arrived at the Nnamdi Azikiwe International Airport on Tuesday morning. It was the first plane touching down as the airport re-opens after a six-week closure for repairs on its runway. The Nigerian Civil Aviation Authority...

The Federal Airports Authority of Nigeria (FAAN) has said that the runway and terminal building of the Nnamdi Azikiwe International Airport, Abuja will be ready today (Monday). FAAN said the airport will be ready two days before the April 19 scheduled date announced by the Federal Government for the reopening...

Governor Okezie Ikpeazu of Abia State has taken the promotion of made-in-Aba products to Guangzhou, China, where he assured investors of a safe and economically vibrant business environment. The governor, according to a statement issued in Umuahia in Friday by his Chief Press Secretary, Enyinnaya Appolos, gave the assurance during...

Nigeria will revive oil production this summer as it completes maintenance and repairs, and expects fellow OPEC members to continue to cut their output in the second half of the year, Oil Minister Emmanuel Kachikwu said. The country will finish repairs on the Forcados pipeline by June and complete maintenance...

Nigeria will start paying back a $5.1 billion debt owed to international oil companies, including Exxon Mobil Corp. and Royal Dutch Shell Plc, with a first instalment this month in accordance with an agreement reached last year. “The initial payments would be made by the end of April 2017,” Emmanuel...