Business News

BABAJIDE OKEOWO Japaul Oil and Maritime Services Plc, Pharmadeko Plc and Premier Paints have all posted losses in their unaudited 2019 first quarter results released so far. Japaul recorded a loss of N555.695 million before tax in its…

BABAJIDE OKEOWO Shareholders of FBN Holdings Plc at its 7th Annual General Meeting in Lagos, have commended the board and management of the company for an improved FY 2018 result. Various Shareholder Association leaders like Sunny Nwosu,…

MTN Group Limited has appointed former Central Bank of Nigeria (CBN) Governor and Emir of Kano, Alhaji Lamido Sanusi and former South African Deputy Prime Minister, Mcebisi Jonas to its board as part of preparations for the listing of its…

Nigeria’s unemployment rate may hit an all time high of 35 per cent by the year 2020, said Senator Chris Ngige, Minister of Labour and Employment, wondering why the various measures instituted by the government to tackle unemployment are…

Chevron Corporation earnings in the first quarter 2019 dropped to $2.6 billion, compared with $3.6 billion in the first quarter of 2018. The decline has been attributed to lower oil prices and weak profit margins in its refining and…

Nigerian manufacturers are said to be paying $3 more than the approved international price for gas, The Nigerian Xpress has learnt.  Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who disclosed this in a statement said natural…

South African promotional branding company, Creative Brands, has debuted in Nigeria to leverage technology to boost activities in the promotional and printing industry. Nicholas Markovitz, Managing Director, Creative Brands, at the launch…

EMEKA OKOROANYANWU Two new refineries will come on stream soon, said the Nigerian National Petroleum Corporation (NNPC). One of the refineries located in Rivers State is a 10,000-barrel capacity facility made up of two modules of 5,000…

EMEKA OKOROANYANWU The Securities and Exchange Commission, SEC, would not allow illicit funds investment in the capital market, restating commitment to ensure that the Capital Market is not used to launder illegal funds. Acting Director…

EMEKA OKOROANYANWU FBN Holdings Plc will be pay a total of N9.3 billion dividends to shareholders of the company from N59.7 billion profit after tax earned in the 2018 business year. This translates to 26 kobo…