Another recall crisis hits Toyota, recalls 3.4m vehicles 

January 22, 2020

Another recall crisis hits Toyota, recalls 3.4m vehicles 

By Samson Echenim with agency report Another recall crisis has hit Toyota Motor Corporation as the leading automaker has begun recall of 3.4 Milliken vehicles worldwide Citing electronic defect that can result in air bags not deploying in crashes, Toyota said on Tuesday that it would recall 3.4 million vehicles worldwide The recall, which includes […]

ExxonMobil Fuels incurs highest crude oil refinery maintenance globally in 2019

January 22, 2020

By Samson Echenim    ExxonMobil Fuels and Lubricants Co (ExxonMobil Fuels) had the highest crude oil refinery capacity under maintenance (both planned and unplanned) among all the refinery operators globally in 2019, according to GlobalData, a leading data and analytics company. The operator had a total refining capacity of 1.7 million barrels per day (mmbd) […]

Union Bank plans to raise N20bn from institutional investors, HNIs via CPs

January 21, 2020

Union Bank plans to raise N20bn from institutional investors, HNIs via CPs

Union Bank Plc has concluded plans to raise N20 billion from institutional investors and high net-worth individuals (HNIs) via the issuance of commercial papers. The bank made the announcement in a regulatory filing with the Nigerian Stock Exchange (NSE) Monday. According to the filed document, funding raised via the CP is expected to provide the […]

Nestle to invest $2.1bn in recycled plastics

January 16, 2020

Nestle to invest $2.1bn in recycled plastics

Swiss food giant Nestle said Thursday it would invest 2.0 billion Swiss francs (1.8 billion euros, $2.1 billion) over five years to cut its use of virgin plastics in favour of food-grade recycled plastics. The company, whose brands include Nespresso coffee, Vittel water and Smarties chocolates, also plans to invest in new types of sustainable […]

Sifax pledges to maintain cost effective ports for agric produce exports

January 13, 2020

Nigeria’s indigenous port logistics giant, SIFAX Group, says it will continue to make its ports friendly and cost effective for exportation of agricultural products as part of helping Nigerian farmers and exporters. The company said this at the just concluded “Meet the Farmers Conference” which was held in Dubai, United Arab Emirates. According to Mariam […]

Access Bank refutes arrest of GMD, Wigwe

January 12, 2020

By Omobayo Azeez   Access Bank Plc. has refuted media reports that its group managing director, Herbert Wigwe was arrested by the Economic and Financila Crime Commission (EFCC) over allegation of frauds. Some online media had reported that Wigwe was arrested in connection with the assets of Orji Uzor Kalu former Abia State governor, alleged […]

Ecobank to disburse N70b agric loan, holds agribusiness, food summit in February

January 10, 2020

Ecobank to disburse N70b agric loan, holds agricbusiness, food summit in February

Ecobank Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 Billion for practitioners in different value chains of Agriculture within the next two years. This announcement is coming just as the bank is set to organise Nigeria’s biggest agribusiness and food summit in February 2020. The agribusiness […]