The National Pension Commission (PenCom) says it has paid N326.32 billion as retirement benefits in 2021. This is disclosed in the commission’s 2021 annual report obtained by the News Agency of Nigeria (NAN) on Wednesday in Lagos. PenCom stated that the payments comprised retirement benefits and a 25 per...
BUSINESS
By OLA MUDOPE, Lagos – MTN Nigeria Communications PLC has announced its launch of Home Broadband services to accelerate broadband penetration in alignment with the Federal Government’s plan to achieve over 70% broadband penetration by 2025. The Chief Operating Officer, MTN Nigeria Communications PLC, Hassan Jaber, said in a...
By MBAFAN ADE, Abuja – Minister of the Communications and Digital Economy, Prof. Ali Ibrahim Pantami, has reaffirmed Federal Government’s determination to reverse the trend of importation of all types of telecommunications products, especially where production in Nigeria is possible. Pantami, who spoke at the first Nigerian Telecommunications Indigenous...
By MBAFAN ADE, Abuja – The Middle Belt Journalists Forum (MBJF), has described as false and fabricated, a recent media report, which claimed that the Forum “once accused the Director-General of the Industrial Training Fund, ITF, Sir Joseph Ari, of sponsoring Christian militias in Jos axis to foment religious...
The Executive Secretary, Nigerian Shippers’Council (NSC) Mr Emmanuel Jime, says the Federal Ministry of Transportation is in the process of designating all dry ports to be port of origin and destination. Jime made this known at a stakeholders sensitisation programme/launch of Operational Manual for Inland Dry Ports in Nigeria,...
Dangote Sugar Refinery Plc has declared a Profit Before Tax (PBT) of N29.73 billion for the half year ended June 30, 2022. The company made the disclosure in a report signed by Mr Anthony Chiejina, the Group Head, Corporate Communications, Dangote Group, on Tuesday in Lagos. According to the...
Paucity of funds, security challenges are some of the problems making night flights impracticable in Nigeria. Capt. Musa Nuhu, Director-General of the Nigerian Civil Aviation Authority (NCAA) made the declaration on Tuesday in Ikeja when he spoke with the News Agency of Nigeria (NAN). Quoting statistics provided by the...
… Laud Bank’s digitized access to instant credit initiative for Pharmacists The Association of Community Pharmacists of Nigeria (ACPN) has commended Polaris Bank for its commitment to the growth of the pharmaceutical industry and Nigeria’s health sector. National Chairman ACPN, Pharm. Adewale Oladigbolu gave this commendation at the closing...
The Federal Government says it has not removed subsidy on the Premuim Motor Spirit (PMS), otherwise known as fuel. Chief Timipre Sylva, Minister of State for Petroleum Resources, disclosed this while speaking with journalists on Monday in Abuja. The minister spoke on the sidelines of the Nigerian Midstream and...
The Debt Management Office (DMO) has announced two additional Federal Government of Nigeria (FGN) savings bonds for offer for the month of August, at N1,000 per unit. It stated on Monday in Abuja that the first offer is a two-year savings bond due on Aug. 10, 2024 at interest...
Haitham Al-Ghais of Kuwait on Monday assumed office as the new Secretary General of the Organisation of Petroleum Exporting Countries (OPEC). Al-Ghais was appointed as the new chief of the Vienna-headquartered OPEC in January this year, and his tenure will last for three years. Al-Ghais said he looked forward...
The Corporate Affairs Commission (CAC) has announced that it would be replacing the existing means of identification for persons applying for business and company registration with the National Identification Number (NIN). Registrar-General of the commission, Garba Abubakar made the announcement during the 2022 Management Retreat held in Kano. According...
By OLA MUDOPE, Lagos – Africa Women Innovation and Entrepreneurship Forum (AWIEF) has announced the finalists for its 2022 AWIEF Awards. Currently in its sixth edition, the prestigious annual AWIEF Awards recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements...
Nigerian Breweries Plc has announced a revenue of N274.03 billion for the first half of the year ended June 30, 2022. The company made the disclosure in a statement signed by its Secretary/Legal Director, Mr Uaboi Agbebaku, on Sunday in Lagos. Agbebaku said that the revenue represented a growth...
An aviation sector stakeholder, Mr Bankole Bernard, suggested in Ikeja on Sunday, said that 18 unviable airports in the country should be turned into shopping malls to generate revenue. He told the News Agency of Nigeria (NAN) that only four airports, Lagos, Port Harcourt, Abuja and Kano, out of...
Nigeria’s unending resort to local and foreign borrowings to fund budget deficits and infrastructural projects has been of concern to the Nigerian public in recent times. Some stakeholders have expressed concern that the borrowings by both the Federal Government and state governments, if unchecked, could create an avoidable debt...
The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in an interview with the News Agency of Nigeria (NAN)...
By JOY ADARA, Abuja – Emirates Airlines has resolved to reduce its flight operations to Nigeria due to its inability to repatriate about $85 million in revenue. The Emirates noted that its flights would be reduced from 11 per week to seven at the Murtala Muhammed International Airport (MMIA)....
The Nigerian Communication Commission (NCC) has decried theft and vandalism of telecommunication infrastructure across the country. Its Chairman, Prof. Adeolu Akande, made this known on Friday at the inauguration of Village Square Dialogue in Ibadan. The News Agency of Nigeria (NAN) reports that the Village Square Dialogue is an...
FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with a gross earnings of N359.2 billion. The company stated this in a statement on Friday in Lagos. The gross earnings indicated an increase of 22.4 per cent when compared with N293.4 billion...