Global online marketplace Amazon is targeting five billion U.S. dollars worth of exports from Indian companies in the current year. Manish Tiwary, Amazon India’s country manager said in a statement that Indian exporters using the Amazon marketplace had exported three billion U.S. dollars worth of goods to 200 countries...
BUSINESS
Angola and Libya have overtaken Nigeria as Africa’s highest crude oil producer, says a report by the Organisation of the Petroleum Exporting Countries (OPEC). OPEC made this known in its Oil Market Report for September 2022, which was obtained by the News Agency of Nigeria ( NAN) on Tuesday...
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy. The Board of Directors selected Jeremy Awori to succeed Ayeyemi as Group Chief...
President Muhammadu Buhari, on Tuesday commended the Central Bank of Nigeria (CBN) for diligently working towards achieving financial system stability in Nigeria. President Buhari gave the commendation in his address at the 15th Annual Banking and Finance Conference organised by the Chattered Institute of Bankers of Nigeria (CIBN) in...
By OLA MUDOPE, Lagos – Ethiopian Airlines Group, the largest aviation group in Africa, has completed the first phase of its In-Terminal Hotel construction. In a continuous effort to ensure the convenience and comfort of passengers, crews and airlines using Addis Ababa as a hub, the In-Terminal Hotel construction...
Africa has been losing from five per cent to 15 per cent of its Gross Domestic Product (GDP) per capita growth because of climate change and its related impacts. Group Acting Chief Economist and Vice President, African Development Bank (AfDB), Mr Kevin Urama, said this in a statement posted...
Dangote Group on Sunday said the company’s drivers’ patrol team has made several arrests of its errant drivers that engaged in illegal activities and handed them over to relevant authorities for prosecution. The company made the disclosure in a statement signed by its Group Chief Branding and Communications Officer,...
By OFFOR CALLISTUS, Abuja – The Nigerian Communications Commission (NCC) has teamed with the Nigerian Security and Civil Defence Corps (NSCDC) to tackle some of the criminal activities bedeviling the telecom industry, such as telecom equipment vandalism and fraudulent registration of Subscriber Identity Module (SIM) cards among others. Executive...
The Director/Ambassador of the Africa Region Headquaters of the International Human Rights Commission (IHRC), Dr Tivlumun Ahure, says the commission will support the African Businesses in Diaspora awards (ABID). A statement from the commission made available in Abuja indicated that the awards will hold in Dublin, Republic of Ireland,...
The Central Bank of Nigeria (CBN’s) strategy of an efficient payment system through the introduction and implementation of the e-Naira is a laudable effort that is contributing to the success of our digital economy. According to the Buhari Media Organisation (BMO), the Central Bank Digital Currency (CBDC), also known...
The National Information Technology Development Agency (NITDA), had trained 859 kids on Coding in Lagos, Abuja and Kano. The agency has also urged them to develop indigenous Coding languages, games with African features and values. Director-General of NITDA, Mr Kashifu Inuwa said this on Saturday at the agency’s Science,Technology,...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has identified five malicious Google Chrome Extensions that surreptitiously track online browser’s activities and steal their data. According to NCC-CSIRT, the five malicious extensions which the McAfee Mobile Research Team earlier discovered are Netflix...
Nigeria’s largest airline, Air Peace Limited, is set to showcase its Embraer E192-E2 aircraft at the Aviation Africa Summit 2022, in Kigali, Rwanda, on Sept. 12. The spokesperson of Air Peace, Mr Stanley Olisa, made this known in a statement issued in Lagos on Friday. The News Agency of...
The African Development Bank (AfDB) has launched and priced a new 1.25 billion euros seven-year Global Benchmark transaction, in a Social Bond format, due Sept. 14, 2029. The AfDB in in a statement posted on its on Friday, stated the bond launched on Wednesday, “pays a coupon of 2.250...
The National Bureau of Statistics (NBS), has reported an aggregate Company Income Tax (CIT) of N714.40 billion for the second quarter of 2022. This is contained in the CIT Report for Q2 2022 released by the NBS in Abuja on Friday. The report said the value recorded for Q2...
When the Central Bank of Nigeria (CBN) introduced its digital currency, the eNaira in October 2021, the idea was to create an alternative to the fast growing cryptocurrencies being patronised by Nigerians. According to European Central Bank, e-money, broadly speaking, is an electronic store of monetary value on a...
First Bank of Nigeria Limited has announced that it will host the Financial Markets Dealers Association’s (FMDA) quarterly meeting scheduled for 5pm on Friday, 16 September 2022, at Federal Palace Hotels, Victoria Island, Lagos. The event themed “Nigeria Macroeconomic Developments and Outlook: IMF View” will have its keynote address...
By CALLISTUS OFFOR, Abuja – MTN Group has hosted MTN Nigeria’s Board of Directors and Executive Committee in Johannesburg for a strategy retreat during which the leadership of the Group’s largest subsidiary reflected on its strategic priorities for the next three years. The three-day working visit – hosted by...
The National Bureau of Statistics (NBS) says Nigeria’s total merchandise trade stands at N12,841.54 billion, in the second quarter of 2022. This is according to the NBS Foreign Trade in Goods Statistics Report for Q2 2022 released in Abuja on Thursday. The report said the figure was lower than...
Fidelity Bank on Wednesday rewarded 13 winners of the Get Alert In Millions Season 5 promo (GAIM 5) with cash prizes. Mr Charles Ahiwe of Saka Tinubu Cash Centre bagged the star prize of N10 million, while other winners were presented N5 million, N2 million and N1 million in...