Business

Plans to Roll Out National Data Centers at Konza Technopolis at Advanced Stage

Nairobi — Plans are at an advanced stage to roll out services of the National Data Centre, located at KRonza Technopolis following the completion...

Shareholders approve Japaul’s $70m capital raising

Shareholders of Japaul Oil & Maritime Services Plc have approved major resolutions authorising the company to change it name, reconstruct its share capital and...

Hyundai Donates N35m PPEs to Nigeria

By Bennett Oghifo Hyundai Motor Company has donated 27,000 personal Protection equipment (PPEs) worth N35 million to Nigeria to assist front-line medical workers and the...

Qatar to Resume Flights to Lisbon

Qatar Airways is set to resume four weekly flights to Lisbon, Portugal, from August 14, 2020. The flights would be operated by the airline’s...

FG Agencies Move to Enforce 24 Hours Port Operation

By Eromosele Abiodun and Oluchi Chibuzor Following the Executive Order on ease of doing business across the nation’s seaports that was signed by the Vice...

Open Govt’ awards CAC $400,000 to enhance efficiency

For embracing reforms aimed at transparency and fast-tracking processes to improve the Ease of Doing Business in Nigeria, the Corporate Affairs Commission (CAC), has won...

Bristow pilots, engineers begin strike over alleged discrimination

Joseph Olaoluwa The National Association of Aircraft Pilots and Engineers has directed all its members engaged with Bristow Helicopters to embark on a strike action...

‘Remove 2 per cent levy from courier, logistic regulation’

Lagos Chamber of Commerce and Industry (LCCI), has asked the Federal Government to expunge the regulation in the courier service that requires that courier...

NAHCO Clarifies N1.1bn Gratuity Payment to Ex-workers

By Chinedu Eze The Nigerian Aviation Handling Company (NAHCO) Plc and the Pension Transitional Arrangement Directorate (PTAD) are mired in a controversy over the N1.1...

Adjusting to New Realities in Aviation Sector

By Chinedu Eze Last week, the management of the Nigerian Airspace Management Agency (NAMA) confirmed that it was broke. The agency revealed that it had...

NCC to license last-mile satellite operators, hosts virtual meeting

In efforts to improve broadband services in the country, the Nigerian Communications Commission (NCC), is in the process of issuing licences to last mile...

Hiscox Blasted By QC Over Policy Interpretation

The arguments set out by Hiscox in its defense over non-payment of business interruption arising from COVID-19 are too narrow, unrealistic, and uncommercial according...

Risk managers urge govt to check flooding, losses

Nike Popoola  Risk Managers Society of Nigeria has called on all tiers of government in the federation to take more proactive and decisive steps against...

ANALYST’S REPORT: Business activity rises first time in 4 months

Nigerian private sector returned to expansion in July, after three successive months of decline, following an uptick in new orders and easing of the...

Pakistan sanctions Taliban to avoid global finance blacklist

ISLAMABAD: Pakistan has issued sweeping financial sanctions against Afghanistan’s Taliban, just as the militant group is in the midst of US-led peace process in the...

Euronext, CDP among bidders for Borsa Italiana bond platform unit

MILAN: A consortium comprising France’s Euronext and Italian state-lender CDP is among bidders for the bond-trading platform of the London Stock Exchange’s (LSE) Borsa Italiana...

Rural Electrification Gives Muleba District New Impetus

HESLON Tilwirukwa (32) a resident of Bisore village in Muleba district's Muhutwe Ward sits outside his house watching the sun as it sets. He...

Govt moves to reduce oil production cost to $10

The Federal Government is working towards attaining a $10 per barrel production cost sealing  in the oil and gas sector, the Minister of State for...

Redefining Freight Forwarding in Nigeria

Eromosele Abiodun reveals how an online platform is changing the way freight forwarding, marine insurance, customs brokerage, shipment and warehousing services are accessed and...

Kia Motors Unveils Sonet, an All-new Smart Urban Compact SUV

By Bennett Oghifo Kia Motors Corporation, one of the world’s largest automakers, revealed the Kia Sonet to the world in a digital presentation, recently. Manufactured at...

Benchmark Agrees £16m Sale Of Vaccine Facility

Aquaculture health, genetics and nutrition company Benchmark Holdings has agreed to sell its vaccine manufacturing facility in Braintree, Essex for £16 million. The sale...

REPORT: How Nigeria stands to lose $195m over plot against OMSL

Investigation reveal Nigerian is at the verge of losing $195million, which is the value of the contract proposed for an Israeli-owned company, HLSI Security...

S&P downgrades Lebanon bonds after missed payments

WASHINGTON: Credit ratings agency S&P downgraded more Lebanese government debt issues after missed payments, citing the country’s worsening economic crisis following the devastating explosion in...

WEEKLY ENERGY RECAP: Contrasting notes — but the story is the same

The two international oil benchmarks ended the week on contrasting notes as Brent edged lower after two weeks of gains to $44.35 per barrel....

Adoption of a New Strategy to Open Mauritius to the World

Government has announced, in the 2020-2021 Budget Speech, a new strategy to open the Mauritian economy to the world using a four-pronged approach, highlighted,...

Fitch: CRR Rule to Weigh on Nigerian Banks’ Income

Fitch Ratings has predicted that the Central Bank of Nigeria’s (CBN) cash reserve requirement (CRR) policy will hurt Nigerian banks’ earnings. “The Central Bank of...