By BENJAMIN ORISEMEKE, Abuja – Access Bank Plc, has successfully commissioned and empowered 100,000 Access Closa agents to provide more than banking services to both existing and new customers across the nation. With the current number of Access Closa Agents spread across the 774 Local Government Areas in the...
BUSINESS
By BENJAMIN ORISEMEKE, Abuja – Oil prices has eased reasonably after the number of total active drilling rigs in the United States rose by 13 this week as WTI trades near $109 per barrel. The total rig count rose to 663 this week, while U.S. producers continue to prioritize...
By BENJAMIN ORISEMEKE, Abuja – FirstBank has urged its customers to take advantage of its ongoing Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card. The eight-week promo will end on Wednesday, 30 March 2022 as 2,601 customers will win various prizes....
Aviation jet A1 fuel is to be sold at N500 within the next three days to prevent airlines from shutting down. This is according to the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Limited, Mele Kyari after a meeting with marketers, regulators and operators in the...
By BENJAMIN ORISEMEKE, Abuja – The Securities and Exchange Commission (SEC), has sealed the premises of Oxford International Group/Oxford Commercial Services, Farmforte Agro Allied Solutions Limited/Agro Partnerships as well as Vektr Capital Investment/Vektr Enterprise for illegally engaging in capital market activities. The SEC said the offices of the companies...
FirstBank, Nigeria’s leading financial inclusion services provider has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card. The Eight-week promo will end on Wednesday, 30 March 2022 as 2,601 customers will win...
By BENJAMIN ORISEMEKE, Abuja – The Minister of Transportation, Rotimi Amaechi on Sunday revealed that the Lekki Deep Seaport when completed and operational, would contribute $360 billion to the Nigeria economy over the course of 45 years. The minister who disclosed this in Lagos after the inspection of the...
The Nigeria Extractive Industries Transparency Initiative (NEITI) says over 2,000 companies operating in Nigeria’s solid minerals industry are indebted to the federation accounts to tune of N2.76 billion. The organisation disclosed this on Sunday in Abuja in a statement by its Deputy Director/Head, Communications and Advocacy, Mrs Obiageli Onuorah,...
By BENJAMIN ORISEMEKE, Abuja – The National Bureau of Statistics (NBS) has revealed that the federal government generated a total of N1.69 trillion as Company Income Tax (CIT) in 2021 out of which five companies paid over 22 percent of the money. These companies according to a report on...
By BENJAMIN ORISEMEKE, Abuja – Banks in Nigeria have stepped up measures to ration foreign currency sales to its customers, using their naira debit cards for overseas withdrawals to beef up Nigeria’s dwindling forex inflow. Nigeria’s largest DMB by market size, Zenith Bank Plc, has announced a review of...
By BENJAMIN ORISEMEKE, Abuja – The Federal Government has revealed that $20 billion has so far been invested in the free zone across the country in the last 30 years. The Minister of Industry, Trade and Investment, Otunba Adebayo made the disclosure at the inauguration of the Lagos office...
The longest car in the world has finally been restored and is ready to cruise. On 1 March 2022, the super limo rolled in at a length of 30.54 meters (100 ft and 1.50 in), breaking its 1986 record title by a small fraction. built in Burbank, California in...
By BENJAMIN ORISEMEKE, Abuja – Global oil prices fell on Wednesday by the most in nearly two years after OPEC member, the United Arab Emirates said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude...
By BENJAMIN ORISEMEKE, Abuja – A survey of commodities prices in Lagos shows there might be a marginal decline in inflation figures in March to 15.57 per cent, warning that the spiral effect of the Ukraine and Russian war may result in imported inflation that will send inflation rate...
By BENJAMIN ORISEMEKE, Abuja – The Development Bank of Nigeria (DBN) says it has disbursed more than N62.5 billion to female entrepreneurs in Nigeria as at February 2022. Managing Director of the bank Mr Tony Okpanachi made this disclosure in Abuja on Wednesday when the bank celebrated the International...
By JOY ADARA, Abuja – The Bureau of Public Enterprises (BPE) has officially presented discharge certificates to three privatized enterprises which were earlier delisted from monitoring activities by the Bureau. They are Cement Company of Northern Nigeria (CCNN) located in Sokoto State; Federal Superphosphate Fertilizer (FSFC), Kaduna State and...
A young boy’s talent has turned him into a celebrity on a busy road in an instant. The talented Nigerian identified as Kensmith Rechiel built a yellow sports car himself and took it for a ride, fighting for right of way like normal cars. The Imo state indigene famed for his...
Airline operators in Nigeria have alleged hijacked of aviation fuel by supply chain of the Jet A1 fuel, thereby driving up the price through artificial scarcity. The operators also expressed worry over the safety of airlines in Nigeria, adding that they were disturbed in the face of continuous hike...
Alhaji Aliko Dangote, Chief Executive, Dangote Industries, has urged the Federal Government to embargo export of maize to ensure food security in the country. Dangote made the call during the 4th Annual Nigerian Food Processors and Nutrition Leadership Forum on Thursday in Lagos. The forum was organised by the...
Nigeria and Korea recorded 2billion dollars bilateral trade in 2021. Mr Kim Young-Chae, Ambassador of the Republic of Korea to Nigeria, made this known on Thursday in Abuja while briefing newsmen on the trade, bilateral, political and cultural relations between both countries, as well as possible areas to advance...