Press 234

Maritime stakeholders raise concern as Lagos restricts trucks to night

Joseph Olaoluwa The Lagos State Government has put plans together to restrict the movement of trucks and trailers from the hours of 9pm to 6am. Commissioner for Transport, Frederic Oladeinde, in a meeting with stakeholders on Wednesday, said the move was geared towards curbing road crashes in the state. The meeting consisted of stakeholders from… Continue reading Maritime stakeholders raise concern as Lagos restricts trucks to night

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AXA HMO introduces initiatives to curb COVID-19

Nike Popoola AXA Mansard Health Limited, a health management organisation, says it has deployed technology to attain operational excellence to deliver and overcome challenges facing Nigeria’s health insurance industry. It said this in a statement on Wednesday titled ‘Insurer champions new initiatives to curb spread of COVID-19’. The firm said the announcement was made at… Continue reading AXA HMO introduces initiatives to curb COVID-19

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Flour Mills floats bond on FMDQ

 Johnson Okafor FMDQ Securities Exchange Limited has approved the listing of the Flour Mills of Nigeria Plc’s N4.89bn Series 4 tranche A and N25bn Series 4 tranche B Fixed Rate Bonds under its N70bn Bond Issuance Programme on its platform. The FMDQ in a statement said the Nigerian economic landscape and business environment has continued… Continue reading Flour Mills floats bond on FMDQ

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Ogun urges MSMEs to apply for payroll support

Temiloluwa O’Peters  The Ogun State government has called on eligible Micro, Small and Medium Enterprises operating in the state to take advantage of its 13,000 payroll support quota. Following the reopening of the MSMEs Survival Fund Payroll Support Portal by the Federal Government, the Commissioner for Industry, Trade and Investment, Kikelomo Longe, in a statement… Continue reading Ogun urges MSMEs to apply for payroll support

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Indigenous oil operators keen on expansion amid downturn

Despite the current downturn in the global oil and gas sector, some indigenous operators in Nigeria are stepping up efforts to snap up more assets as part of their expansion plans, ’FEMI ASU writes While they are still smarting from the impact of the COVID-19-induced collapse in oil prices and demand, indigenous firms in the… Continue reading Indigenous oil operators keen on expansion amid downturn

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Firm promotes innovation in inverter battery industry

‘Femi Asu Simba Group has said it will continue to promote innovation in the inverter battery industry in Nigeria. The company said this in a statement announcing the launch of what it called ‘the new 2021 range of our Luminous NRGT tall tubular batteries’. The distributor of solar-powered systems said it had set a new… Continue reading Firm promotes innovation in inverter battery industry

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Investors gain N181bn as equity market sustains positive sentiment

 Johnson Okafor The local bourse on Wednesday sustained positive sentiment on third consecutive trading session as the market capitalisation gained N181bn. The key market performance measures, the NSE All Share Index and market capitalisation, rose by 0.83 per cent as market sentiments extended gaining streaks following investors’ sustained optimism on undervalued stocks. The market breadth… Continue reading Investors gain N181bn as equity market sustains positive sentiment

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Vitafoam proposes 70k dividend, holds AGM

 Johnson Okafor Vitafoam Plc has announced plans to hold virtual Annual General Meeting. The virtual meeting and 59th in the series, is scheduled on March 4. The board has also proposed a dividend of 70 kobo per share as against 42 kobo paid in the preceding year. This translates to a dividend yield of eight… Continue reading Vitafoam proposes 70k dividend, holds AGM

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Association plans for two million MT cooking gas consumption

’Femi Asu The Nigeria Liquefied Petroleum Gas Association has said it is targeting a consumption level of two million metric tonnes of LPG, also known as cooking gas, in the country in the next two years. The NLPGA said this on Wednesday in a statement where it described as a major milestone the achievement of… Continue reading Association plans for two million MT cooking gas consumption

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NIN: Communications ministry gets more digital identification unit

Okechukwu Nnodim, Abuja The Ecosystem Coordination Strategic Unit of the Digital Identification for Development Project in the Office of the Secretary to the Government of the Federation has been handed over to the Federal Ministry of Communications and Digital Economy. Permanent Secretary of the communications ministry, Festus Daudu, said the new unit would further enable… Continue reading NIN: Communications ministry gets more digital identification unit

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