No vessel caught fire at Lagos port, says firm The Ports & Cargo Handling Services Limited has explained that the fire incident at its terminal in TinCan Island port did not affect any vessel. The Group Head, Corporate Communications of Sifax, a mother company of Ports & Cargo Handling Services,[Read More…]
Coca-Cola, MTN Foundation, British Council, Microsoft, others Unveil as Partners for Africa Social Impact Summit 2023 The Sterling One Foundation and the United Nations Nigeria, co-conveners of the Africa Social Impact Summit 2023, have officially unveiled partners for the second edition of the Africa Social Impact Summit. The[Read More…]
Many dead and injured as building collapses in Cameroon At least 12 people have died and dozens injured in Cameroon’s business hub, Douala, after a four storey building collapsed in the early hours of Sunday morning. The cause of the collapse is unclear but the taller building appears to have[Read More…]
Fidelity Bank reclassified as Medium Price Stock Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock. A statement by the NGX said the reclassification[Read More…]
Honeywell’s Judgement Claim is absurd and an Exercise in Futility – Ecobank Ecobank Nigeria says it remains committed to recovering the debts owed by Honeywell, emphasizing that the return of depositors’ funds is crucial for ensuring the continued support and growth of local businesses by the bank. The bank[Read More…]
NNPCL, UTMOL sign agreement to drive down cost of cooking gas The Nigerian National Petroleum Company (NNPC) Limited and UTM Offshore Limited today signed the Heads of Terms Agreement which spells out terms of 20 per cent equity contribution of the NNPCL in the UTM FLNG Project. The signing[Read More…]
NEC dumps Buhari’s national social transfer register The National Economic Council (NEC) on Thursday dumped former President Muhammadu Buhari’s national social register, opting for a new social register to be developed by each state of the federation The council headed by Vice President Kashim Shettima, is made up of[Read More…]
MAN concern over Exclusion from World Bank-Funded 1.2m Meters THE Manufacturers Association of Nigeria has expressed concern over the impending displacement of local meter manufacturers and assemblers in the downstream of the power sector, in the process of the government’s implementation of the NMMP Phase II World Bank-funded supply[Read More…]
PMI foundation supports entrepreneurship Project Management Institute Educational Foundation says it has injected a multi-million rand grant through the African Leadership Academy to support entrepreneurial training for African youths. According to a statement, the grant expanded on PMIEF’s current partnership with the ALA, which sought to introduce students to project[Read More…]
Access Bank enters into acquisition agreements with Standard Chartered Bank Access Bank Plc (Access) and Standard Chartered Bank have entered into agreements for the acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania. Each transaction remains subject to the[Read More…]
