Dangote Industries Ltd. plans to ensure that Nigeria becomes self-sufficient in cement, agriculture, mining and petroleum products. The Regional Sales Director, Southeast Dangote Cement, Dr Abayomi Shittu stated this in Enugu on Thursday during Dangote Special Day at the on-going 34th Enugu International Trade Fair. Dangote Industries Ltd. is...
BUSINESS
Access Bank in partnership with AfriGOpay, has launched the first national domestic card designed to meet the needs of the Nigerian payment industry. Mr Victor Etuokwu, Deputy Managing Director, Retail Banking, Access Bank, said this in a statement on Thursday in Lagos. Etuokwu said that the scheme, championed by...
By TENEBE ANTHONIA, Lagos – The Group Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake has expressed delight upon the completion of the listing of the firm’s N200bn series 1 and 2 Bonds on Nigerian Exchange Limited, commending the depth of capital market. This was said at the...
Nigeria’s Parallex Bank Ltd. has received $10 million trade finance facility from the African Export-Import Bank (Afreximbank) for Small and Medium-sized Enterprises (SMEs). Dr Femi Bakre, the Managing Director/Chief Executive Officer, Parallex Bank, said this in a statement on Wednesday in Lagos. Bakre said the financing, deployed under the...
Berger Paints Nigeria Plc has launched a new logo in a bold move to reposition the company for global competitiveness, increase earnings and boost shareholders value. The launch which held in Lagos had in attendance some members of the company’s board of directors, representatives of the shareholders and senior...
By DANJUMA JOSEPH, Lafia – President Muhammadu Buhari, has officially flagged off the spud-in of the Ebenyi-A Well located in the Middle Benue Trough, in Obi Local Government of Nasarawa State, Tuesday. Governor Abdullahi Sule, of Nasarawa State, while speaking at the occasion, appealed to both the President and...
The Nigerian National Petroleum Company Limited (NNPC Ltd) says the positive outcome of Ebenyi-A Exploration Well will increase Nigeria’s hydrocarbon reserves from 37 billion barrels to 50 billion barrels. The NNPC Ltd said the outcome of the campaign would contribute to the aspiration of increasing Nigeria’s crude oil production...
By DAVID IORJA, Abuja – President Muhammadu Buhari on Tuesday declared that the discovery and drilling of oil in Nasarawa State will lead to greater prosperity for Nigerians as well as enhance overall energy security for the country. In his virtual message to the official spud-in of the Ebenyi-A...
The Nigerian Meteorological Agency (NiMet) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) on improving food security in the country through precise weather forecast. NiMet`s Director- General, Prof. Mansur Matazu, who disclosed this on Monday in Abuja when a delegation from the CBN...
By TENEBE ANTHONIA, Lagos – As part of activities commemorating Global Money Week, Nigerian Exchange Limited (NGX), in partnership with Social Media leading voices on finance and investment, organised a Twitter Spaces on money management and sustainable investing. The forum which was hosted via a Twitter Spaces session on...
Funso Aina, MTN Nigeria’s Senior Manager, External Relations, and one of Africa’s most decorated media and public relations professionals, has been announced “Innovator of the Year” in the brands category at the highly respected SABRE IN2 awards. Awarded since 2013, the SABRE IN2 awards recognise excellent work that highlights...
The Naira depreciated against the dollar on Monday, exchanging N461.50 at the investors’ and exporters’ window. The rate represented a decrease of 0.04 per cent when compared to the N461.33 for which it exchanged to the dollar before the close of business on on March 24. The open indicative...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has said it would continue to consult stakeholders on issues affecting telecommunication services deployments and developments, in line with its culture of inclusiveness, collaboration and partnership as predicated in its strategic focus. The Executive Vice Chairman of the Commission...
A new World Bank report says the global economy’s “speed limit” is set to drop to a three-decade low by 2030. The” speed limit” is the maximum long-term rate at which the economy can grow without sparking inflation. This is contained in a statement issued by the World Bank,...
Some traders in the Federal Capital Territory (FCT) have expressed delight over improvement in the availability of naira notes to citizens. The News Agency of Nigeria (NAN) reports that many markets in Abuja, on Monday, returned to normal daily business activities as Central Bank of Nigeria (CBN) injected more...
Gov. Ademola Adeleke of Osun has directed the establishment of a support desk for Osun tech innovators and entrepreneurs. This is to allow them access the recently launched 618 million dollars tech fund by the African Development Bank (AfDB). This is contained in a statement by Malam Olawale Rasheed,...
Mrs Mary Fasheitan, the Special Assistant on Payment to the Governor of the Central Bank, says that usage of the digital naira called eNaira currency, will address the scarcity of cash in the country. Fasheitan stated this while sensitising traders and people of the state in Akure to the...
In compliance with the Central Bank of Nigeria’s (CBN) directive, most Deposit Money Banks (DMB) branches in Kubwa opened for operations on Saturday. Checks by the News Agency of Nigeria (NAN) saw huge crowd of customers, with bank officials making efforts to meet their cash needs. The banks were,...
Banks in satellite towns of the Federal Capital Territory (FCT), on Saturday opened for business as directed by the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) correspondent who monitored some banks in the Territory, reports that huge crowds of customers were seen at banks’ Automated...
The National Information Technology Development Agency (NITDA) said that gender equality in the digital space could increase the Gross Domestic Product (GDP) of the country by over 50 per cent. Mallam Kashifu Inuwa, Director-General of NITDA said this on Friday at the closing ceremony of its ‘Fasaha Gina Mata,...