The Chairman of the Niger Delta Development Commission, NDDC, Mr. Chiedu Ebie, has urged Niger Delta stakeholders to forge stronger bonds and collaborate to pave way for a brighter future for the oil-rich region. Speaking during a reception in honour of Dr Samuel Ogbuku by Yiba-Ama (Oruma) Community at...
BUSINESS
Dangote Cement Plc has commissioned and handed over several multi-million naira rehabilitated education infrastructure in Lagos Island, a gesture that will benefit 2,500 pupils. Group Managing Director, Dangote Cement Plc, Arvind Pathak, in a statement on Sunday in Lagos, said the initiative was part of the company’s Corporate...
Many residents of the Federal Capital Territory (FCT), on Sunday decried the continuous increase in the price of cooking gas. According to them, cooking gas has gone beyond the reach of the common man. The News Agency of Nigeria (NAN) reports that the latest Cooking Gas Price report...
The Senate Committee on Niger Delta Development Commission (NDDC), says it will ensure International Oil Companies (IOCs) operating in the country, pay their contributions to the coffers of the commission. Sen. Ned Nwoko, (PDP-Delta North), and member Senate Committee on NDDC, made the disclosure while speaking with the...
By EZEKIEL OBI, Abuja – The Nigerian Safety Investigation Bureau (NSIB) has commenced investigation into an accident involving an HS 125 aircraft with nationality and registration marks 5N-AMM, belonging to Flint Aero. Director of NSIB Public Affairs and Consumer Protection, Mr James Odaudu, said in a statement...
A former Minister of Education, Dr Oby Ezekwesili, has stressed the need for a change of political culture in Africa to achieve meaningful development for the continent. Ezekwesili made the recommendation at the matriculation ceremony of the 2023/2024 session of the School of Politics, Policy and Governance (SPPG)...
Naira continued its rebound against the dollar on Friday, Nov. 3, strengthening to N950/$ on the average in the parallel market. At noon on Friday, on a popular crypto exchange platform, Binance, the local currency was traded against the dollar at N864.19/$1 compared with Thursday’s closing rate of...
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, on Thursday commissioned the corporate Head Office and Training Academy of the hospitality conglomerate, Genesis Group Limited, in Port Harcourt, Rivers State. The NCDMB boss lauded the firm for being the leading provider...
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), has assured Nigerians that there is adequate supply of Naira notes in the economy. Recall that some bank customers in recent times have been complaining about scarcity of Naira notes at the counters, Automated...
The Nigeria Customs Service (NCS) Lilypond Export Command, has between January and September 2023 facilitated the exportation of 12,438 containers with a Free On Board value of $518.69 million. The Customs Area Controller, Comptroller Ajibola Odusanya, said this in a statement on Thursday in Lagos. He also described...
By CALLISTUS OFFOR, Abuja – The Executive Vice Chairman and Chief Executive officer (EVC/CEO) of the Nigeria Communications Commission (NCC), Dr. Aminu Maida, has described the Financial Technology (FinTech) industry as a critical driver of financial inclusion of Nigerian citizens living in the underserved and unserved communities...
Organizations of all sizes need the latest and greatest in IT infrastructure implemented to keep their hybrid workforce productive and happy There’s no doubt that hybrid work has become the new norm, an irreversible way of working. This necessitates every business leader to not only establish a...
The Nigerian Deposit Insurance Corporation (NDIC), said it has paid N16 billion in liquidation dividends to depositors, creditors and shareholders of banks in liquidation in the past 20 years. The Principal Manager, NDIC Kano Zonal Office, Ms Hajara Imam stated this at the 2023 World Savings Day. She...
The President and Chief Executive Officer, Sunora Foods, Mr Charles Eghobamien, has said the company will commit about US$100 million as foreign direct investment in oil palm production and other crops in Edo. Eghobamien made this known during the signing of a Memorandum of Understanding (MoU) with Gov. Godwin...
One of the Nigeria’s leading cement providers, BUA, has revealed its plan to inaugurate a new cement plant in Sokoto State by January 2024. The Chairman of BUA Group, Alhaji Abdulsamad Rabiu, made this announcement during his visit to Gov. Ahmad Aliyu in Sokoto on Wednesday....
The World Bank says Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme is doing well in addressing poverty in the country. Prof. Foluso Okunmadewa, World Bank Task Team Leader for NG-CARES, stated this in an interview with newsmen on the sidelines of Mid-Term Review Mission meeting held...
Emir of Kano, Alhaji Aminu Ado-Bayero has commended Air Peace Airline’s Tuesday’s maiden commercial flight to Jeddah. The airline’s spokesman, Mr Stanley Olisa, stated in Ikeja on Wednesday that the emir commended Air Peace for expanding its Asian footprints with Tuesday’s flight. Air Peace operated its maiden commercial...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Wednesday in Abuja enjoined the Federal Government to award 25 per cent of its contracts to Small and Medium Enterprises (SMEs). This is desirable as SMES contribute about 50 per cent of the country’s GDP and employ...
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) on Tuesday said it has no be plans to redenominate Nigeria’s legal tender, the Naira. CBN’s Director, Corporate Communications Department, Isa AbdulMumim, made this known in a statement on Tuesday in Abuja. It would be recalled...
Speaker of the House of Representatives, Abbas Tajudeen, has called for the regulation of Artificial Intelligence (AI), Robotics and other emerging technologies. Abbas made the appeal in Abuja on Monday at the 2022/2023 Convocation Ceremony of the National Institute for Legislative and Democratic Studies – University of Benin...