Category Archives: Business News

Blueprint on Development of Agric Sector Will Soon Be Unveiled – Minister

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Blueprint on Development of Agric Sector Will Soon Be Unveiled – Minister

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, revealed that its blueprint for the development of the agricultural sector will be ready in two weeks’ time. “In another two weeks at the very farthest, we shall be presenting to you our road map, we shall be presenting it to you before we present […]

Organic produce for export

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Organic produce for export

By using bio-fertiliser, farmers are reviving land and boosting the nation’s agro exports prospect, Daniel Essiet writes. While many farmers are battling to survive, because of the financial challenge of setting up a modern farm, organic farming method is helping Herny Adigun, chief executive, Yomex Organic Farm, to succeed. He uses organic fertiliser, mostly green […]

Cargo firms, Arik, others partner on $5.2b agro export

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Cargo firms, Arik, others partner on $5.2b agro export

The  government of Anambra State  and a courier and cargo company, ABX World,  plan to facilitate the export of about $5.2billion worth of agro-allied products to European countries yearly. ABX  Anambra, World Chief Executive Officer Captain John Okakpu, who made this known, listed others in the deal as Arik  Air and Skyway Aviation Handling Company […]

Ethiopian Airlines, Bombardier Seal $63million Aircraft Deal

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Ethiopian Airlines, Bombardier Seal $63million Aircraft Deal

Ethiopian Airlines and Bombardier Commercial Aircraft have sealed a firm purchase agreement for two additional Q400 turboprop aircraft, that will bring the airline’s Q400 aircraft fleet to 19 aircraft. The transaction is valued at approximately $63 million. Group Chief Executive Officer, Ethiopian Airlines,Tewolde Gebremariam, said: “We are continuously working to have the right fleet with agility, […]

Air Côte d’Ivoire, has announce plans to increase its fleet of seven aircraft to nine by April

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Air Côte d’Ivoire, has announce plans to increase its fleet of seven aircraft to nine by April

Air Côte d’Ivoire, has announce plans to increase its fleet of seven aircraft to nine by April 2016. The African carrier stated this recently in Abidjan, Cote D’Ivoire when its received its third new Bombardier Dash Q400 NextGen aircraft, which increases its fleet to seven. The airline also said that it hoped to increase the […]

NAHCO Pledges Consistent Dividend Payment to Shareholders

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NAHCO Pledges Consistent Dividend Payment to Shareholders

The Chairman of Nigerian Aviation Handling Company,NAHCO, Suleiman Yahyah, has stated affirmatively that the company will continue to pay dividends to shareholders. Yahyah, who spoke at the Closing Gong Sounding ceremony on the floor of the Nigerian Stock Exchange, NSE, in Lagos, said since the company was privatized and listed on the exchange in 2006, it […]

Indigenous Oil Companies Worst Hit By Oil Price Plunge

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Indigenous Oil Companies Worst Hit By Oil Price Plunge

Nigerian independent oil companies  have been affected the most by the lingering plunge in oil prices, the Managing Director of Seplat Petroleum Development Company Plc, Austin Avuru has said. Avuru spoke on Thursday, February 25, at the 13th Aret Adams Annual Lecture Series held in Lagos. Speaking on this year’s lecture themed: ‘Low Oil Prices: Challenges and […]

Supply Glut: Nigeria’s Crude Languishes, Awaits Buyers

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Supply Glut: Nigeria’s Crude Languishes, Awaits Buyers

While Nigeria’s crude remains in ample supply, languishing as it waits buyers,  as Asian traders mop up Angola’s crude oil, Nigeria’s Erha programme surfaced after weeks of delays that traders said related to a disagreement between state oil firm Nigerian National Petroleum Corporation (NNPC) and the field operator, Exxon-Mobil, Reuters reports. Programmes for Erha were issued after several […]