Business & Economy - Page 110

The Nigeria Customs Service (NCS) has extended its verification exercise for the recovery of import duties on illegally imported private aircraft by one month, effective from 14 October to 14 November. Abdullahi Maiwada, spokesperson for the NCS, announced this extension in a

By RUKUYAT ADEYEMI Aradel Holdings Plc, on Monday (yesterday, October 15), said it was listed on the Main Board of the Nigerian Exchange Ltd.(NGX) to leverage the capital market for future growth and expand its operations. Mr Adegbite Falade, Managing Director of Aradel, said

In a major boost to Nigeria’s aviation industry, the federal government has upgraded Maiduguri’s Muhammadu Buhari Airport to international status. The move, considered strategic by aviation stakeholders, is set to transform North East Nigeria into a commercial hub, connecting the country with

The Coca-Cola Nigeria Limited today, Monday, October 14, launched the latest product, Coca-Cola® Wozzaah Zero Sugar, in Port Harcourt, the Rivers State capital. Senior Director, Frontline Marketing at Coca-Cola Nigeria Limited, Yusuf Murtala, said the Wozzaah Zero Sugar  new product, which has been

By RUKAYAT ADEYEMI (NAN) The Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp). The NGX, in its weekly report, said the suspension, on Thursday, was necessary to determine the shareholders entitled to receive the firm’s

According to a report by S&P Global Commodity Insights, Dangote Group is preparing to commence crude oil production from its two Nigerian oil assets by the fourth quarter of 2024. After months of challenges related to crude supply, the company is now

The Poultry Association of Nigeria (PAN), the FCT Chapter, has called on the Federal Government to declare a “state of emergency” in egg production as a way of highlighting the challenges facing poultry farming in Nigeria, a reason for the high cost

Mr Ganiyu Egunjobi, the Chairman of Agege Local Government Area, Lagos, has called for low-interest rate loans of single digit for youth farmers, as part of efforts to end the current food crisis in the country. Speaking at the 9th Constituency Stakeholders’

The Nigerian Electricity Regulatory Commission (NERC) has reported that the total revenue generated by all Electricity Distribution Companies (DisCos) during the second quarter of 2024 reached an impressive N431.16 billion, according the report published on the commission’s official website as part

By RUKUYAT ADEYEMI (NAN) The value of transactions on the Nigerian Exchange Ltd. (NGX) declined by 33.09 per cent on Thursday. Investors traded 277.75 million shares valued at N4.65 billion in 7,091 deals, compared to 356.13 million shares valued at N6.95 billion