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Daily Archives: May 14, 2019

Jumia records 102% revenue in Q1, gets €50 million investment from Mastercard

Jumia records 102% revenue in Q1, gets €50 million investment from Mastercard

For the first quarter ending March 31, 2019, electronic commerce platform, Jumia has a recorded a Gross Merchandise Volume (GMV) growth of 58 per cent leading to 102 per cent growth in marketplace revenue, year-on-year improvement of 356 basis points ...

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SEC to regulate yearly general meetings for cost reduction

DMO lists FGN second N100 billion Sukuk on NSE

•Violation attracts N10m penalty The Securities and Exchange Commission (SEC) is proposing a new sub-rule specifically seeking to reduce the cost of organising meetings, by making the distribution of gifts to shareholders, observers, and any other persons at annual and ...

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Automotive council seeks law on auto policy in Nigeria

Automotive council seeks law on auto policy in Nigeria

In efforts to rapidly grow home-made vehicles in the country, the Nigeria Automotive Design and Development Council (NADDC), has called on the Federal Government to make a legislation that would turn the auto policy into law. The automotive plan, which ...

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Foreign ship owners sabotaging Kaduna inland port, says manager

Foreign ship owners sabotaging Kaduna inland port, says manager

Given Federal Government’s efforts to decongest the seaport, the Manager of the Kaduna Inland Dry Port, Mr Rotimi Raimi, have accused foreign ship owners of refusing to recognise the dry port as port of destination. Raimi, who spoke on the ...

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Shell targets 2400MW from new gas project

Shell targets 2400MW from new gas project

Oil major, Shell, said its ongoing Assa North/Ohaji South gas development in Imo State will produce 600 million standard cubic feet of gas per day, energy equivalent of about 2,400 Megawatts (MW) of electricity enough to provide uninterrupted power to ...

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Untrained personnel, others threaten safety in local aviation

Aviation Experts Call For Favorable,Consistent Policies In The Sector

• 35 pilots, 27 engineers in air wing of police unqualified • Force, agencies blame poor funding • NCAA says no cause for alarm • Plane of Obiano, Ekweremadu, Nnamani, others makes emergency landing Despite the three years of zero ...

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