ITTF Ranking: Aruna Quadri Climbs to 21st in the World
Nigeria’s table tennis star Aruna Quadri has moved up two places in the July 2019 rankings released by the International Table Tennis Federation (ITTF), reaching 21st in the world. This marks Quadri’s highest ranking this year, after starting 2019 at the 26th position. His career-best ranking came in August 2018 when he was ranked 18th. […]
NFF Justifies Officials’ Absence in Court Over Alleged Fraud Case
The Nigeria Football Federation (NFF) on Tuesday submitted documents to a Federal High Court in Abuja to explain the absence of its top officials, who are facing allegations of misappropriating $8.4 million and N4 billion. The case, which was brought by the Special Presidential Investigation Panel, has been adjourned to September 26. On Monday, Justice […]
Heritage Bank Partners with NIRSAL to Boost Agric Loans
Heritage Bank Plc has teamed up with the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) to provide financing for agribusinesses across the agricultural value chain. This partnership aims to support the entire process, from the production of raw materials to the processing and export of agricultural products. Heritage Bank’s Managing Director, Ifie Sekibo, […]
NIMASA Launches Deep Blue Project to Combat Crime on Nigeria’s Waterways
The Nigerian Maritime Administration and Safety Agency (NIMASA) has introduced the Deep Blue Project, a major initiative aimed at tackling insecurity in Nigeria’s waters and the wider Gulf of Guinea. According to Dakuku Peterside, Director General of NIMASA, the project is designed to drastically reduce criminal activities in the region. Speaking during the 2019 Petroleum […]
Julius Berger Rules Out Rights Issue as Shareholders’ Equity Hits N35bn
Julius Berger Nigeria Plc has ruled out any immediate plans to float a rights issue, citing the company’s solid financial position with shareholders’ equity rising to N35 billion. Speaking at the company’s 2019 investor forum in Lagos, the Managing Director, Engr. Dr. Lars Richter, represented by Finance Director Martin Brack, highlighted the significant growth and […]
OPEC’s April Oil Supply Falls to Four-Year Low at 30.23 Million bpd
The Organization of Petroleum Exporting Countries (OPEC) recorded a significant drop in oil supply in April 2019, with production falling to 30.23 million barrels per day (bpd), marking a four-year low. This decrease in output was attributed to further declines in production from Iran and Venezuela, both of which are under U.S. sanctions, as well […]