Business
NB’s profit up by 4.3 % to N7.52bn despite covid-19 pandemic
… Declares 50k dividend By Peter Egwuatu Nigerian Breweries, NB Plc has recorded a profit after tax, PAT of N7.52 billion in the audited financial result ended December 31, 2020,
Factions of Oando shareholders sue SEC
…Seek restraining order on sanction against company mgt. By Nkiruka Nnorom The Securities and Exchange Commission (SEC) has been slammed with another lawsuit by displeased shareholders of Oando Plc seeking
Norwegian Seafood Council kicks against CBN’s inclusion of stockfish in banned list
*Warns against the bilateral trade implication By Prince Osuagwu & Godwin Oritshe The Norwegian Seafood Council has protested the Central Bank of Nigeria, CBN’s inclusion of stockfish in the list
Fitch Revises Nigeria’s 2021 GDP Growth Forecast to 1.6% from 2.3%
Fitch Ratings has revised downward its 2021 growth forecast for Nigeria to 1.6 per cent, from its previous expectation of 2.3 per cent. The global rating agency in a statement
Qantas Aims to Restart Most International Flights in October
Qantas’s chief executive said international travel might resume by the end of October if the country is fully-vaccinated, as the Australia’s largest airline announced losses in profits due to the
Aston Martin Expects Better 2021 Sales after Deep Losses
Carmaker Aston Martin said a turnaround plan would see it takes the first steps towards profitability and boost sales this year after a deep loss in 2020 when the firm
NNPC Boss Kyari Urges Nigerian Military to Halt 200,000bpd of Crude Oil Loss
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday led a delegation from the corporation to engage with the Chief of Defence Staff (CDS)
Australia Passes Law to Make Google, Facebook Pay for News
Australia’s law forcing Google and Facebook to pay for news is ready to take effect, though the laws’ architect said it will take time for the digital giants to strike
Afrexim Bank Approves $2bn for Covid-19 Vaccines for Nigeria, Others
The Board of Directors of the African Export-Import Bank (Afrexim) has approved $2 billion to support the purchase of 270 million doses of Covid-19 vaccines for African countries, including Nigeria.
NASS to pass PIB April
…As joint c’ttee regrets poor condition of Nigeria refineries By Davies Iheamnachor The National Assembly said it was working tirelessly to ensure the passage of the Petroleum Industry Bill, PIB,
