A-Z Petroleum Products Ltd has urged the House of Representatives to help recover an alleged outstanding debt of N30 billion subsidy differential from the Federal Ministry of Finance. The Head of Business Development, Mr Hafford Udochukwu, made the appeal on Wednesday at a public hearing organised by the House...
BUSINESS
Mr Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC) has said that all Deposit Money Banks (DMBs) in Nigeria, including Polaris Bank are safe and sound. Hassan made the clarification on the sideline of a three-day Capacity Building Workshop organised by the Legal Department of NDIC, for law...
By OFFOR CALLISTUS, Abuja – The Nigeria Communication Commission (NCC) on Tuesday said the country’s broadband usage has continued on the rise, moving up from 40.9 per cent in February 2022 to 44.5 per cent in July 2022, a figure considered hopeful for achieving the national broadband target of...
No fewer than six customers of Dangote Cement Plc in Lagos on Tuesday emerged millionaires in its ongoing “Bag of Goodies Season 3” national consumer promotion. The company said this in a statement signed by Mr Francis Awowole-Browne, Media and Communication Personnel, Dangote Industries Ltd. It also said that...
Mr Chijioke Okoli, Country Director, Agriculture and Construction Equipment Division (John Deere Brand) TATA Africa Services (Nigeria) Limited says the country needs 13 trillion naira to solve its mechanisation problem. Okoli said this in Abuja at a micro documentary screening organised by Alluvial Agriculture Nigeria Limited, a private organisation...
…empowers Nigerians across 33 states and the FCT By CALLISTUS OFFOR, Abuja – MTN Nigeria, the leading technology company is expanding broadband services to millions of homes across Nigeria. On Friday, 5 August, MTN Nigeria officially concluded the 2022 Y’ello Care campaign at a closing ceremony held at the...
By CALLISTUS OFFOR, Abuja – The Federal Government has commended the leadership of the Nigerian Communications Commission for the remarkable strides of the agency that has earned spectacular international reputation for Nigeria and placed the telecom regulator in the forefront of the nation’s quest for forward looking national economic...
The Cinema Exhibitors Association of Nigeria (CEAN) on Tuesday said it generated N471 million from tickets sold across the country in July. CEAN’s National Chairman, Mr Ope Ajayi, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos. Ajayi said that there was an increase...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has flagged a new malware, HiddenAds, which has infiltrated Google Play Store that can impact device performance and jeopardize users’ privacy. The NCC Director, Public Affairs, Reuben Mouka, disclosed this in a statement issued...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed that status quo remains in respect to ExxonMobil/Seplat Energy share acquisition. Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC made this known in a statement on Monday in Abuja. The News Agency of Nigeria (NAN) reports that President Muhammadu Buhari...
First Bank Limited has reopened its headquarters (Coomassie House) located at the Central Business District, Abuja. The News Agency of Nigeria (NAN) recalls that the office was on Aug. 4, sealed by the FCT High Court Enforcement Unit over failure to comply with a garnishee order. A garnishee order...
The President, African Development Bank (AfDB) Dr Akinwumi Adesina says the bank is set to deliver climate-adapted, certified wheat and other staple crops seeds to 20 million farmers. Adesina said this in a document titled, “Averting an African Food Crisis: The African Food Production Facility” and obtained on Monday...
Takeout Media Global, an NGO says it will give out 10,000 dollars to Small and Medium Enterprises (SMEs) to boost their businesses. Mr Elijah Affi, the Creative Director of Takeout Media Global, made this known in a statement on Monday in Abuja. The News Agency of Nigeria (NAN) reports...
By DAVID IORJA, Abuja – In his capacity as Minister of Petroleum Resources, and in consonance with the country’s drive for Foreign Direct Investment in the energy sector, President Muhammadu Buhari has consented to the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy...
The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to adopt measures to increase the country’s revenue and borrow from cheaper sources to cushion Nigeria’s debt portfolio. Dr Michael Olawale-Cole, President, LCCI, gave the advice in a statement on Monday in Lagos. Olawale-Cole said...
By CALLISTUS OFFOR, Abuja – The Olubadan of Ibadan, Oba Lekan Balogun, has called on Nigerian citizens to take responsibility for the protection of telecom infrastructures for mutual benefit of all. The monarch made the call through the Ayingun Olubadan of Ibadanland, Chief Ademola Odunade, at the Village Square...
Jaiz Bank Plc has announced its unaudited results for the six months ended June 30, 2022 with a Profit After Tax (PAT) of N2.54 billion. The company said this in a statement on Sunday in Lagos. The PAT represented an increase of 27.6 per cent when compared with N1.99...
As the price of crude oil in the International market continues to rise in recent times, Nigeria has not been able to reap appreciable economic benefits. The News Agency of Nigeria (NAN) reports that price of crude oil, the country’s main revenue generating resource, had been on the increase...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it will adopt new approach in the administration of licences and leases, especially as it concerns acreage allocation, to attain the objectives set by the Petroleum Industry Act (PIA). The Chief Executive Officer (CEO) of NUPRC, Mr Gbenga Komolafe, said in...
By OLA MUDOPE, Lagos – The management of Polaris Bank has debunked the purported sale of the bank by the Central Bank of Nigeria (CBN) to private individual for N40 billion. The management of the bank debunked the sale in a statement on Friday in Lagos. The statement said...