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All posts by BusinessNews Staff

  • FAAN evacuates abandoned aircraft at Abuja airport

    The Federal Airports Authority of Nigeria,FAAN,has embarked on the removal of abandoned aircraft at Nnamdi Azikiwe International Airport, Abuja, DailyPost has gathered. Chris Bature, the General Manager, North Central, FAAN, disclose this in Abuja on Wednesday, affirming...

    • Posted May 23, 2013
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  • Jang tells ANAN to re-examine, re-evaluate accounting Code of Conduct in the country

    The Plateau State Governor, Dr. Jonah Jang has called for the re-examination and re-evaluation of the Code of Conduct of the accounting profession in the country, decrying that most corrupt practices in the country are either perpetrated...

    • Posted May 23, 2013
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  • Dangote to invest $600million in three states for sugar production

    President, Dangote Group of Companies, Alhaji Muhammed Aliko Dangote, has pledged that his company will invest over $600m in the production of sugar in Kwara, Kebbi and Sokoto States. Dangote stated this on Tuesday during a courtesy...

    • Posted May 23, 2013
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  • Oando adds 2,500 bpd production capacity from Ebendo oil field

    Oando Energy Resources has announced the completion and testing of the Ebendo 5 well, which is expected to contribute additional 2,500 barrels of oil per day (bpd) from the field. The development, according to a statement from...

    • Posted May 22, 2013
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  • First Bank upgrades IT infrastructure for enhanced service delivery

    First Bank of Nigeria is currently upgrading its IT infrastructure to enhance service delivery and provide specialized financial solutions to all customer segments, the Bank’s management has said. FirstBank’s spokesperson, Folake Ani-Mumuney, said the Bank’s upgrade to...

    • Posted May 22, 2013
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  • Skye Bank posts N127.7 billion profit for 2012

    …plans to invest over $100m million in power sector Skye bank Plc has achieved gross earnings of N127.7 billion in 2012 operations, against N102.4 billion posted in 2011. Besides, the bank announced plans to inject over $100...

    • Posted May 21, 2013
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  • UBA Capital increases gross earnings by 300 per cent

    UBA Capital Plc tripled gross earnings to N890.3 million in the first quarter of the year and grew Profit Before Tax to N617 million, translating to 211 percent growth when compared to N198 million achieved in the...

    • Posted May 21, 2013
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  • FAAN carries out further security checks at Abuja airport

    The Federal Airports Authority of Nigeria has introduced more security measures at the Nnamdi Azikiwe International Airport, Abuja, the News Agency of Nigeria has reported. Henrietta Yakubu, the FAAN spokesperson at the airport, told the NAN that...

    • Posted May 21, 2013
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  • Operators await LTE licence auction

    Telecoms operators are waiting for the auction of the operating licences of Long Term Evolution (LTE) of 4G. Chief Executive Officer, Airtel Nigeria, Segun Ogunsanya, said the telco has launched the technology in the country, adding that...

    • Posted May 20, 2013
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  • Tax evasion: Reps begin probe of 24 banks today

    The House of Representatives has commenced interrogation of officials of 24 banks over tax evasion. The quizzing of the banks on allegations of tax nonremittance holds today at the National Assembly premises. Chairman of the House Committee...

    • Posted May 20, 2013
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