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1. Rise of illegal maritime security outfits worrisome- Navy
Entrepreneurng.com,, the Nigerian Navy on Friday expressed concern over the alarming increase in the number of illegal maritime security outfits in the country. The service said some of the outfits use the Nigerian Navy uniforms while others make use of uniforms similar to that of the service to deceive unsuspecting Nigerians… Read more
Source: https://punchng.com/rise-of-illegal-maritime-security-outfits-worrisome-navy/
2. We’ll smoke sea pirates out of Nigerian waterways – Navy
The Flag Officer in Charge of the Eastern Naval Command, Rear Adm. Olusola Oluwagbire, has warned sea pirates operating in the waterways to steer clear or be ready to be smoked out by force… Read more
Source: https://punchng.com/well-smoke-sea-pirates-out-of-nigerian-waterways-navy/
3. Africa intensifies energy transition efforts amid climate change concerns
As the global race towards achieving the United Nations carbon-free world set for 2050 intensifies, African countries have ramped up investments to tackle climate change in the continent. OPEOLUWANI AKINTAYO examines the huge investment the continent still has to make to migrate from fossil fuels… Read more
Source: https://punchng.com/africa-intensifies-energy-transition-efforts-amid-climate-change-concerns/
4. Lafarge, Bua foods explains cash crunch impact on Q1 results
At least two manufacturers in the Nigerian economy, Lafarge Africa Plc and Bua Foods Plc have highlighted the cash crunch and the 2023 general elections as challenges that they faced in their operations in the first quarter of the year… Read more
Source: https://punchng.com/lafarge-bua-foods-explains-cash-crunch-impact-on-q1-results/
5. Sterling Bank grows profit by 29%
Sterling Bank’s profit after tax rose by 28.5 per cent to N19.3bn as of the end of December 31, 2022 from N15bn in the corresponding period of 2021 financial year… Read more
Source: https://punchng.com/sterling-bank-grows-profit-by-29/
6. Oil communities, firms partner on $5bn investment fund
The Host Communities of Nigeria Producing Oil and Gas had said it is targeting a $5bn fund in partnership with the private sector to kick-start investment drive and development in the oil-producing states in the country… Read more
Source: https://punchng.com/oil-communities-firms-partner-on-5bn-investment-fund/
7. Naira crisis, elections affected 2023 revenue – NGX
The Nigerian Exchange Group has said the last general elections and the naira redesign policy of the Central Bank of Nigeria impacted its top-line revenue negatively. It said this resulted in a 20.5 per cent decline to N1.33bn in the first quarter of 2023, from Q1, 2022 revenue of N1.67bn.
Source: https://punchng.com/naira-crisis-elections-affected-2023-revenue-ngx/
8. Vitafoam promotes workers safety
Vitafoam Nigeria Plc has stated its commitment to a safe and healthy work environment, citing its employees as a critical factor in the organisation’s success… Read more
Source: https://punchng.com/vitafoam-promotes-workers-safety/
9. Startup moves to bridge unemployment gap
A startup-Prestige Consulting -has begun operations in Nigeria to help individuals to optimise the use of business and employment-focused social media platform such as LinkedIn to boost their employment chances… Read more
Source: https://punchng.com/startup-moves-to-bridge-unemployment-gap/
10. Customs agents divided over 100% hike in cargo fee
Freight forwarders operating in the nation’s aviation and maritime sector are divided over a 100 per cent hike in cargo handling charges by the Nigerian Aviation Handling Company and the Skyway Aviation Handling Company Limited… Read more
Source: https://punchng.com/customs-agents-divided-over-100-hike-in-cargo-fee/
