Browsing: Business

According to him, efforts are being made to procure two additional communication satellites to complement the existing NigComSat as a means of reaching areas that cannot easily be covered by terrestrial fibre

According to him, the effort would be beneficial to rural farmers, boost agricultural activities and cut post harvest losses

“They have submitted their product proposal and a meeting has been arranged for the technical advisory committee to look at them for the purpose of approving them

Ali said the emirate is worried that the rate of naira exchange with the neighbouring countries’ CFA was threatening the cattle business in the country

While making his speech at the event, the Abia State Governor stated that Aba remains the Small and Medium Enterprises capital of Nigeria, where young Nigerians are engaged in the business of making of shoes, clothing and other products

The bank’s Net Interest Margin, which measures the profitability of the core lending business, improved to 8.5 per cent in third quarter of 2016 as against 7.9 per cent in the preceding period of 2015

Ndegwa said: “The environment remains tough but we have seen contributions from our mainstream and international premium spirits brands as well as continuing growth of Satzenbrau. These were the key drivers of the 6% revenue growth recorded for the quarter. Our cost of sales was impacted by the high inflationary environment and continuing currency devaluation leading to a reduction in operating profit. The higher finance cost in the quarter is due to the impact of unrealized foreign exchange losses as a result of the currency devaluation

The minister said that the new BASA would open a new page in the existing cordial relationship between the two countries, adding that it would also deepen business relationships between the people of the two nations

He said that farmers were exploiting the advantage of the ban to scale up production and develop local content.
According to him, the state has recorded increase in farming activities, especially rice, guinea corn, millet, sesame seeds and vegetables across the state

Ngige said that the ministry had earlier in the year had several meetings with the employers, leadership of the unions and employees, in which an agreement was reached

Also, the NSE market indices appreciated further by 0.21 per cent with the All-Share Index improving by 57.43 points to close at 27,294.21 compared with 27,236.78 posted on Thursday

The naira, however, weakened against the dollar at the parallel market, nullifying the N5 it gained on Thursday to exchange at N470 to a dollar

It is also aimed at increasing the levels of financial literacy while boosting the financial inclusion drive of the CBN in terms of number of people that have banking relationship with financial institutions

He said: “More so, why has the academy failed to pay N2.2 billion owed to contractors when its report shows that there is about N3 billion available in its coffers to pay the contractors?

However, further details were to be clarified in preparation for the decisive meeting of OPEC oil ministers at the end of November

Shittu disclosed that the process for the licensing of broadband services on the 5.4 GHz spectrum bank and allocation of 70/80 GHz band (E-Band) had commenced

The Group Managing Director of the NNPC, Dr. Maikanti Baru, said this on Friday in Abuja at the 2016 Fiscal Liquidity Assessment Committee Retreat

Adeosun stated this in Lagos at the launch of “FirstGem” , a product of First Bank of Nigeria Limited, aimed at empowering women through wealth creation

The bank’s Head, Media Relations, Abdul Imoyo, said the figure indicated an increase of 19 per cent when compared with a profit before tax of N60.4 billion achieved in 2015

Maiunguwa told the News Agency of Nigeria in Dutse on Friday that there had never been high expectations and hope of good harvest for a long time as this year