By TENEBE ANTHONIA, Lagos – Nigerian Exchange Group Plc (“NGX Group”), a leading integrated market infrastructure group in Africa, is pleased to announce that its Board has appointed Alhaji (Dr) Umaru Kwairanga as the new Chairman at its meeting held on Wednesday, 5 October 2022. Prior to Dr. Kwairanga’s...
BUSINESS
President of the African Development Bank (AfDB), Dr Akinwumi Adesina has been named 2022 Man of the Year (Africa) by Exclusive Men of the Year (EMY). In a statement issued by the Communication and External Relations Department of the AfDB on Thursday, Adesina was named for his visionary leadership...
The Central Bank of Nigeria (CBN), says it is committed to initiating programmes and policies aimed at supporting Small and Medium Enterprises (SMEs) in Nigeria. Mr Osita Nwanisobi, CBN’s Director, Corporate Communications, said this on Thursday at the apex bank’s special day at the 17th Abuja International Trade Fair....
By JOY ADARA, Abuja – The moral right of citizens to demand accountability from government on what their taxes have been used for, is dependent on when citizens have themselves heeded to their civil obligations to pay taxes. This was the position of the Executive Chairman of the Federal...
The World Bank says the world is unlikely to meet the goal of ending extreme poverty by 2030, according to a new World Bank study. This is contained in a statement obtained from the World Bank website on Thursday in Abuja by the News Agency of Nigeria (NAN). According...
The Director-General, Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Mr Olawale Fasanya, has reiterated the need for small and medium scale businesses to tap into the export market. Fasanya made the expression at an export facilitation programme for 100 entrepreneurs in Enugu on Thursday. He said the...
By TENEBE ANTHONIA, Lagos – The Nigerian power sector and the capital market made headlines today with a landmark transaction that saw leading electricity generation firm, Geregu Power Plc list its shares by introduction on the Nigerian Exchange Limited (NGX). The landmark transaction complements the N1.6trn in new issuances...
……Calls teachers most important persons By DAVID IORJA, Abuja – Teachers are critical in the transformation and development of a country, and this is why they should harness the power of cutting-edge technology in their work so as to better prepare young people for today’s world. This was the...
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its commemoration of the 2022 edition of the Customer Service Week scheduled to be globally celebrated on 3 – 7 October 2022. The event themed: “Celebrating Service” will be marked across its FBNBank subsidiaries in over half a...
Google on Wednesday announced its intent to establish a new Google Cloud region in South Africa – its first on the continent that would help create jobs and increase Africa’s presence online. This was made known at the second Google for Africa hybrid event in Lagos, and the Google...
Tesla CEO Elon Musk has proposed to proceed with a deal to buy Twitter at the original price of 44 billion U.S. dollars, according to a financial filing. The offer came ahead of a trial scheduled at the Delaware Chancery Court on Oct. 17, in which Twitter is set...
By TENEBE ANTHONIA, Lagos – Monthly trading data obtained from the Nigerian Exchange Limited (NGX) revealed that securities dealers brokered 7.4 billion shares worth N83.78 billion in September. This is just as the market capitalisation closed at N26.45 trillion at the end of the same period, with the NGX...
The World Bank says African Government urgently need to restore Macroeconomic stability and protect the poor in a context of slow growth and high inflation. This is contained in a statement obtained from the World Bank website on Tuesday in Abuja by the News Agency of Nigeria (NAN). The...
The Nigerian Communications Commission (NCC) has sensitised consumers on telecom services and reassured of the full commercial launch of Fifth Generation (5G) in Nigeria. The commission made this known at the ‘NCC Day’, held at the 17th Abuja International Trade Fair, Convention Centre, on Tuesday. The News Agency of...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has declared a profit after tax of N674 billion for the financial year ended Dec. 31, 2021. The profit represented a growth of 134.84 per cent when compared with N287 billion profit in 2020 which was recorded under the old Nigerian...
The Rivers State All Progressives Congress Governorship Candidate, Mr Tonye Cole beat three others to emerge the “Businessman Of The Year” in the 2022 Leadership Excellence Awards. In a 14-day online poll by Nigerians both home and in the Diaspora monitored by the News Agency of Nigeria (NAN), Cole...
The Director-General, Nigerian Institute of Leather and Science Technology (NILEST) Zaria, Prof. Muhammad Yakubu, said Nigeria’s total exports of leather products hit $800 million this year. Yakubu stated this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. He said that by 2018 to...
By EZEKIEL OBI, Abuja – Ethiopian Minister of Transport and Logistics, Mrs Dagamawit Moges has commended Nigeria for choosing Ethiopian Airlines as the preferred partner for the establishment a national carrier. This is contained in a statement issued in Abuja on Saturday by Mr James Odaudu, Special Assistant on...
The Nigerian National Petroleum Company Limited (NNPC LTD.) has completed the acquisition of OVH Energy Marketing Limited (OVHEM) downstream assets under an Accelerated Network Expansion (ANEX) Initiative. Unveiling the acquisition on Saturday in Abuja, Sen. Margery Okadigbo, NNPC Ltd Board Chairman, said it would strengthen the downstream business portfolio...
The International Monetary Fund (IMF)’s Executive Board has approved a new emergency financing instrument for countries suffering from acute food insecurity. Ms Kristalina Georgieva, the Managing Director, IMF announced this in a statement obtained from the IMF website NAN) in Abuja on Saturday. “I am very pleased to announce...