Business

As part of its renewed strategy to resolve over six thousand accounts with loan balances of N100million and below, the Asset Management Corporation of Nigeria (AMCON) has flagged off its induction programme for successful firms that qualified as its Asset Management Partners (AMPs). The AMPs are consortiums with specialist skills required to ensure recovery and debt resolution; banking, legal, valuation …

Justice Ibrahim Buba of Federal High Court sitting in Ikoyi, Lagos on Wednesday convicted 20 persons for illegal dealing and storage of petroleum products. The convicts are Adesunloye Fani-Kayode, Captain Daniel Lebile, Ala Ibanibo, Wole Ajayi, Michael Mgbanwa, Segun Ekundemi, Johnson Mashebinu, Ndidi Benjamin, Bright Nwaezuoke, Blessing Omoviye and Kayode Ireti.Justice Ibrahim Buba of Federal High Court sitting in Ikoyi, …

——--Says refineries operating at 60% but need $700m to upgrade to 90% Minister of State for Petroleum, Ibe Kachikwu, has said the lingering fuel shortages in major cities across the country would gradually ease off with coming on stream of refineries, which require about $700 million to upgrade and operate at 90 per cent capacity. Kachikwu, who noted this when …

  Valmont Water, a premium bottled water brand from the stable of Giant Beverages Limited, is elegantly bottled using the highest standards for quality and purity. Speaking at a select media tour of its world-class factory in Ikorodu, Lagos, Mrs. Bose Ogunyemi, Marketing Manager of Giant Beverages Limited disclosed that Valmont Water is produced using the best ultra-filtration processes, without …

The Minister of Finance, Mrs Kemi Adeosun, on Thursday in Abuja said that N299.7 billion was shared among the federal, states and local governments as revenue for March 2016. Adeosun, who was represented by the Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse, announced this while addressing newsmen on the outcome of the Federation Accounts Allocation Committee (FAAC) meeting. She …

Giant Vitamin Water has been introduced into the Nigerian market. The new drink is produced by Giant Beverages Limited located in Ikorodu, Lagos. The introduction of the new product according to analysts, has the potential of reshaping the non-alcoholic beverage market in Nigeria.  It will satisfy the yearnings of lifestyle-conscious consumers for healthy non-alcoholic beverage that actually satisfies their thirst …

President Muhammadu Buhari has stated that it would be dishonest for him to take credit for the imminent commencement of operation of one of the Port Harcourt refineries. This is contrary to the widespread rumour especially on the social media that the refinery immediately sprung back to life as a result of the election of the President. In a Nigerian …