Innoson presses contempt charge against GTB’s directors

INNOSON Nigeria Limited has filed a contempt action at the Federal High Court (FHC), Awka, Anambra State, against the managing director of Guaranty Trust Bank (GTB), Segun Agbaje, and two others, asking them to show why they should not be committed to prison. The other two are chairman of the bank, Mrs. Osaretin Demuren, and the secretary, Erhi Obededuo.

Dangote refinery will reduce fuel imports in West Africa – OPEC

THE Organisation of Petroleum Exporting Countries has said the refinery being built by Dangote Group is expected to reduce the need for fuel imports in West Africa. OPEC, in the current edition of its World Oil Outlook, noted that the refinery would refine as much as 650,000 barrels of crude oil per day.

Asos billionaire’s children killed in Sri Lanka attacks

The billionaire fashion tycoon behind the online clothing retailer Asos lost three of his four children in the Sri Lanka terrorist attacks, a spokesman has said. Anders Holch Povlsen, 46, is Denmark’s wealthiest man with a net worth of $7.9bn (£6.1bn) according to Forbes, and is believed to be the largest landowner in Scotland after buying a string of historic estates.

Coca-Cola Donates Medical Equipment to Lagos Hospital

Coca-Cola Nigeria Ltd, has delivered maternal and neo-natal care equipment to Federal Medical Centre, FMC,Ebute-Metta, Lagos, as part of its Safe Birth Initiative, SBI, project that was launched late last year. The SBI was launched in partnership with the Federal Ministry of Health, the Office of the Senior Special Assistant to the President on Sustainable Development Goals , OSSAPP- SDGs and an NGO, Medshare International Inc.

Unilever, Coca Cola, Others Forge Alliance on Plastics Recycling

The companies also indicated that collaboration within and across markets will be key to success so the companies decided to launch the Africa Plastics Recycling Alliance to increase those efforts and play their part as companies in finding solutions that work for Africa. acquires OLX in Nigeria and other African Countries

Classified marketplace in the country, and OLX, have announced that both companies have reached an agreement under which Jiji will acquire OLX businesses in Ghana, Kenya, Tanzania, and Uganda, pending certain regulatory approvals, and OLX users in Nigeria will be redirected to Jiji. Joining Jiji’s family will allow OLX users in these countries to benefit from its market- products and services.

FG Seeks Investors for Aircraft Leasing

Nigeria plans to set up an aircraft leasing company to help domestic and African carriers obtain new planes and is seeking private partners for the venture, the government said on Monday. Most airlines in Nigeria want to expand their fleets, but high financing costs and currency risks have hampered growth. Nigerian airlines’ revenues are in naira, while most of their costs are in U.S. dollars.

FG Engages 130,000 Graduates As Extension Workers

Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, has disclosed 130, 000 graduate youths have been employed to offer extension services to farmers across the country. The minister disclosed this at the 24th Agricultural Extension Society of Nigeria (AESON) Annual National Conference in Abuja on Monday.

Kenya Urges Tanzania, Uganda To Ban Plastic

Kenya’s National Environment Management Authority director general Prof Geoffrey Wahungu said despite the ban, the regulator still faces challenges in controlling contraband materials. “We have done well but we will not be free from plastic pollution if Uganda and Tanzania continue to produce the materials, which are sneaked into the country through the borders,” Prof Wakhungu

Shell pays Fed Govt, agencies $6.397b

Over $6.397 billion was paid to the Federal Government and its agencies in 2018 by Shell exploration and production companies in Nigeria. The payment represents a 48 per cent increase over payments ($4.322 billion) by the companies. The facts formed part of the four documents released yesterday by the Group Chief Executive Officer of the Royal Dutch Shell, Ben Van Beurden, to signal the firm’s renewed commitment to greater transparency.