OTHER BUSINESSES

Oando Plc Nigeria’s leading indigenous  energy  group  listed  on  both  the  Nigerian  and  Johannesburg  Stock  Exchanges, has issued a profit warning to its shareholders that it expects to report materially lower earnings for the second quarter of 2016. The company, according to its Head, Investor Relations,  Tokunboh Akindele ,  in...

Chief Executive, Stanbic IBTC Pension Managers Limited, Mr. Eric Fajemisin, has charged workers across the country to plan for their retirement through financial security. Fajemisin, who stated this at a pre-retirement forum organised by Stanbic IBTC Pension Managers Limited, in Abuja, at the weekend, outlined steps to help people make...

Nigeria Customs Service (NCS),  Oyo/Osun Customs Command, has generated N7.25billion into government coffers between January and June 2016. The command also seized a bullet-proof Toyota Land Cruiser Prado and bags of rice in the period. The Command’s Area Controller, Timothy Ogunkua who disclosed in Ibadan said  that the command generated...

By ABDUL-KHALIQ OLALEKAN The former Managing Director of Nigeria Agricultural Insurance Corporation (NAIC).Mr. Olabode Opadokun, is now the new Managing Director/Chief Executive Officer of FBN General Insurance Limited. The insurance firm, who confirmed his appointment at a media briefing to unveil the new helmsman in Lagos today, said he resumes...

Indigenous flight operator, Dana Air has kicked off daily flights from Lagos to Owerri with an introductory online fare of N12,600 for a one-way ticket. The Manager of Dana Air, Mr. Obi Mbanuzuo in a chat with journalists in Lagos, said the carrier is committed to providing safe, reliable and...

The repairs on the fourth turbine of the Shiroro Hydro Dam in Niger State has been completed and there is hope of  improved power supply in the country as a result of the development. The turbine which collapsed since 2010 had defiled all efforts to bring it back on stream...

The Petroleum and Natural Gas Workers of Nigeria (PENGASSAN) has announced the suspension of its nationwide strike with immediate effect. This is sequel to the decision taken at the end of its National Executive Council Meeting, which was which directed the immediate call off of the strike action having reviewed...

President Muhammadu Buhari has appointed Hadiza Bala Usman as the Managing Director of the Nigeria Ports Authority (NPA). Hadiza Usman, coordinator of the Bring Back Our Girls group is presently Chief of Staff to the Kaduna State Governor, Mallam Nasir el-Rufai. She has worked for the Bureau of Public Enterprises...

Importers and freight forwarders in the umbrellas of Shippers Association Lagos State (SALS) and the National Association of Government Approved Freight Forwarders (NAGAFF) are worried over the sudden increase in Customs duty at the ports and borders. While the SALS expressed the fear that importers and exporters may abandon their...

Five Nigerian ministers are in London for the Nigeria Trade and Investment Road Show holding from July 11 to July 15. The statement issued by the British High Commission, said that the Minister of Trade and Investment, Dr Okechukwu Enelamah, was leading the delegation. According to the statement other ministers...