Business

Coronation Merchant Bank Limited, has released its 2018 Full Year Results to stakeholders in which the bank posted a profit before tax of N5.3 billion. Commenting on the results, Abu Jimoh, Group Managing Director/CEO of Coronation…

Babajide Okeowo Shareholders of Flour Mills Nigeria Plc. have approved a proposal to merge five of its subsidiaries with the holding company. This will be carried out under a Scheme of External Restructuring, the company said. The…

Losses from Boeing 737 Max 8 aircraft operated by Ethiopian Airlines have been speculated to be between 50 million dollars and 60 million dollars, Willis Towers Watson (WTW) said. The Insurance firm said this on Tuesday. The aircraft…

The Port Harcourt Electricity Distribution Company (PHED) says it has hired a new electricity bill collection agent to ensure easy payment of electricity bills by costumers in four states that it covers. Mr Naveen Kapoor, the Chief…

An agricultural expert, Mr Ismail Olawale has advised farmers to apply organic fertiliser in more hygienic ways. Olawale, a fellow at the National Agricultural Extension and Research Liaison Services (NAERLS) Zaria, spoke with the News…

Dr Dakuku Peterside, the Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA),  has commended women in the maritime sector in Nigeria for their contributions and achievements in the typically male-dominated…

Passenger traffic on the Nigeria domestic route increased by 24.2 per cent from January to December 2018,  with Air Peace carrying over 40 per cent of the passengers and establishing itself as the leader in Nigeria’s aviation industry.…

The Organised Private Sector (OPS) says the Federal Government’s decision to stop sale of foreign exchange to importers of textile materials will revive the industry and save revenue. Mr Timothy Olawale, Director-General, Nigeria Employers’…

Nestle Nigeria Plc has declared a final dividend of N38.50 per share for the financial year ended Deember 31, 2018. The News Agency of Nigeria (NAN) reports that this was in addition to an interim dividend of N20 already paid by the…

A Poultry Farmer, Mr Sunday Adejoh, has called for a mechanism that will  ensure the price stabilisation for Day Old Chicks (DOCs) in the country ahead of  the Easter celebration. Adejoh, who is the Chief Executive Officer of 12 Gates…