Mr Basil Omiyi, the Chairman of Board, Seplat Energy, said the company’s total revenue rose by 29.8 per cent to $951.8 million as at financial year ended Dec. 31, 2022. Omoyi said this during his address at the company’s 10th Annual General Meeting (AGM) held virtually on Wednesday with...
BUSINESS
By JOY ADARA, Abuja – The Central Bank of Nigeria (CBN) has debunked reports suggesting that the Bank Verification Number (BVN) issued by the Bank in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) expires after a ten-year period. The CBN Acting Director, Corporate Communications, Isa AbdulMumin, stated this...
The Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo on Tuesday commissioned Transafam Power – a subsidiary of Transnational Corporation Plc’s 240MW Afam Three Fast Power plant in Afam, Rivers State. With an already existing power plant residing in Afam, this brings the cumulative generating capacity...
The House of Representatives has directed the Nigerdock Plc Ltd. to seek reimbursement of 341 tax liabilities and litigation cost from the Bureau of Public Enterprise (BPE). Rep. Ibrahim Misau, the chairman, House Committee on Privatisation and Commercialisation said this at a meeting of stakeholders on Nigerdock Ltd Transaction,...
The Chairman of Ala Resort, Chief Wole Olanipekun, on Tuesday, said that the development of aerotropolis in Akure would reshape the economic landscape and fortunes of the South-West region and Nigeria in general. Olanipekun stated this at the signing of the Memorandum of Understanding (MoU) between the Federal Airport...
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said that export proceed repatriation into the country increased by 40 per cent from three billion dollars in 2021 to 5.6 billion dollars at the end of 2022. Emefiele said this at the Bi-annual RT200 Non-Oil Export Summit...
Prof. Foluso Okunmadewa, the World Bank Task Team Leader for Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), says the programme is on the right track in supporting the poor and vulnerable groups in the country. Okunmadewa stated this on Monday in Abuja, at a Ministerial Town Hall Meeting...
The Nigeria Safety Investigation Board (NSIB) and Nigerian Civil Aviation Authority (NCAA) have expressed readiness to conduct a thorough investigation on the cause(s) of Max Air craft tyre burst. The accident occurred at the Nnamdi Azikiwe International Airport (NAIA), Abuja, on Sunday. The NCAA Director General, Capt. Musa Nuhu,...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) says it is fully committed to the effective and efficient implementation of the Federal Government’s policy direction in repositioning the youth for the digital era job opportunities through a programme tagged, Digital Job Creation for Youths (DJCY). Executive Vice...
By JOY ADARA, Abuja – Airline Operators of Nigeria (AON) has condemned sensational reporting in the media of an aircraft belonging to Max Air that had tyre burst during landing at the Nnamdi Azikiwe International Airport, Abuja. NATIONAL ACCORD reports that the aircraft took off from Yola Airport and...
The Federal Airports Authority of Nigeria (FAAN) has urged the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) to stay away and not disrupt flight operations at airports over their grievances in Owerri. Capt. Hamisu Yadudu, Managing Director, FAAN, said this in Lagos on Sunday while speaking with newsmen....
Mr Anthony Chiejina, Group Chief Branding and Communications Officer, Dangote Industries Ltd. says the multi-billion Naira Dangote Refinery and Petrochemical company will be inaugurated in Lagos on May 22. Chiejina disclosed this to the News Agency of Nigeria (NAN) on Sunday in Lagos. NAN reports that the facility is...
Also named winner BusinessDay Newspaper Excellence in Public Service Award 2022 … By JOY ADARA, Abuja- The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami has been named winner of the Institute of Chartered Accountants of Nigeria (ICAN) Merit Award 2023 in its Non-Members Category at the...
Polaris Bank Ltd. says it is ready to issue certificates to the National Youth Service Corps (NYSC) members across 12 states who have completed capacity-building workshop on digital literacy skills. The bank’s Group Head, Strategic Brand Management, Mr Nduneche Ezurike, said this in a statement on Saturday in Lagos....
A financial expert, Prof. Uche Uwaleke, says the Ways and Means Advances of the Central Bank of Nigeria (CBN) to the Federal Government is strictly within the purview of the apex bank. Uwaleke, a Professor of Capital Market at the Nasarawa State University, Keffi said this in an interview...
TAJBank Limited, Nigeria’s foremost non-interest bank, has announced Nollywood acts, Osita Iheme (Pawpaw) and Saratu Daso as brand ambassadors. According to a statement the bank’s Chief Executive Officer, Hamid Joda in Abuja on Friday, the idea is a marketing strategy to popularise TAJBank’s techno-powered innovative products and services in...
The Debt Management Office (DMO) says the securitisation of CBN’s N22.7 trillion “Ways and Means Advances’’ to the Federal Government will improve debt transparency. “Ways and Means Advances’’ allows the Federal Government to borrow short-term or emergency loans from the CBN to cushion expected cash receipts shortfalls. The Senate...
Shell on Thursday posted a first-quarter (Q1) net profit of $9.65 billion as strong earnings from trading and higher Liquefied Natural Gas (LNG) sales offset cooling energy prices, while extending its large share repurchase programme. The stronger-than-expected profits followed a string of forecast-beating results from rivals including BP and Exxon...
The Nigerian Ports Authority (NPA) on Thursday in Lagos assured that the one-billion-dollar Ondo State Multipurpose Deep Seaport project got all necessary approval for its implementation. NPA’s Managing Director, Mr Mohammed Bello-Koko gave the assurance when he received visiting Ondo State Coordinator for Special Projects, Mr Boye Oyewumi, who...
By OLA MUDOPE, Lagos – Airtel Africa has appointed Mr Carl Cruz as the Managing Director and Chief Executive Officer of Airtel Nigeria. Mr. Cruz’s appointment would take effect from May 5, 2023, according to a statement issued by The Group Chief Executive Officer, Mr Segun Ogunsanya, on Thursday...