By TENEBE ANTHONIA, Lagos – The Chief Executive Officer, Nigerian Exchange Limied (NGX), Temi Popoola has expressed the organization’s interest in grooming the next generation of capital market players. . He disclosed this during a Digital Closing Gong Ceremony to commemorate the 26th Nigeria University Games Association (NUGA) Games...
BUSINESS
By BENJAMIN ORISEMEKE, Abuja – To ease transportation stress across the ECOWAS sub region, the African Development Bank (AfDB), has secured $15.6bn for the construction of the Lagos-Abidjan highway corridor. AfDB President Dr Akinwumi Adesina, who made the announcement Thursday at the 2021 Africa Investment Forum virtual boardroom closing...
By BENJAMIN ORISEMEKE, Abuja – Nigeria’s trade balance grew to N1.9 trillion, the worst since NBS started tracking trade performance 12 years ago. In its Foreign trade in goods statistics report for February 2022, the National Bureau of Statistics (NBS) stated that imports stood at N20.8 trillion as at...
Have you seen the videos on this link: https://www.firstbanknigeria.com/home/impact/crs-week/? Piece of advice: Please hold your handkerchief or make sure there is a good supply of tissue paper while you view. The initiative that inspired the efforts and results seen in the videos is not a strange one but it...
By BENJAMIN ORISEMEKE, Abuja – Minister of State Petroleum Resources Chief Timipre Sylva said Nigeria will remain at the vanguard of the crusade for a multifaceted energy transition timetable that will attract more investments for Africa while taking cognizance of the current global energy transition in the direction of...
An Oil and Gas Expert, Mr Charlse Majomi, has called for a concerted drive and clearer fiscal terms to incentivise investments for increased upstream production of crude oil. Majomi, in an interview with the News Agency of Nigeria (NAN), in Abuja on Sunday said the Petroleum Industry Act (PIA)...
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) has expressed its readiness to collaborate with the Bayelsa State Government in accelerating telecommunications infrastructure deployment, digital literacy and skills in the State. The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of NCC, Prof. Umar Danbatta, reiterated this...
Google Maps, the popular popular navigation app, on Friday afternoon went down, leaving users frustrated around the world. According to Down Detector, the issues started at around 3:44pm on Friday. While the reason for the outage remains unclear, more than 11,000 reports have now been logged on Down Detector....
It is often said that one man’s loss is another man’s gain. The war between Russia and Ukraine has undoubtedly brought great loss to both parties as lives and properties have been lost. However, in a war, there are undoubtedly two parties which include those who will benefit and...
Dr Ogbonnaya Onu, Minister of Science, Technology and Innovation, says Nigeria has recorded tremendous breakthrough in import reduction by cumulatively saving N5.03 trillion between 2017 and 2020. The minister disclosed this at the closing ceremony of the 2022 STI Expo in Abuja, on Friday. Onu said the figure was...
BY JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) and the Lagos Business School of Pan-Atlantic University are considering forging a partnership that will result in developing customised capacity building interventions and overhauling of existing training courses offered by the LBS to address critical areas of needs of...
The total debt stock of Nigeria is likely to reach N45 trillion as the Debt Management Office (DMO) plans to borrow additional N6.39 trillion to finance the 2022 budget deficit. This is according to a DMO document obtained by the News Agency of Nigeria (NAN) on Friday in Abuja....
Local airlines under the aegis of Airline Operators of Nigeria (AON), have suspended their threat to shut down flight operations over the outrageous hike in price of Jet – A1 fuel. The Vice President of AON , Mr Allen Onyema, disclosed this in a telephone interview with the News...
Nigeria has officially raised 1.25 Billion dollars through the issuance of a seven-year Eurobonds in the International Capital Market (ICM). The Director-General of the Debt Management Office (DMO), Patience Oniha made this known in a statement on Thursday. Oniha said that with this feat, Nigeria has become the first...
The Federal Government says it will deal decisively and sanction any depot owner caught selling petroleum products beyond the approved ex-depot price in the country. Chief Timipre Sylva, Minister of State, Petroleum Resources, made this known on Thursday in Abuja while briefing newsmen on its effort to resolve the...
By BENJAMIN ORISEMEKE, Abuja – Chairman of UBA Banking Group and Heirs Holdings, Tony Elumelu, has stated that the reason Nigeria cannot meet its crude oil production quota and benefit from high oil prices is due to oil theft. Elumelu, who disclosed this in a series of tweets, urged...
By BENJAMIN ORISEMEKE, Abuja – The Debt management Office (DMO) has said that Nigeria’s total public debt as at December 31, 2021 stood at N39.556 trillion or $95.770 billion, The amount according to the debt management office rose by N6.641 trillion when compared to the 2020 figure of N32.915...
The Nigerian Communications Commission (NCC) has reaffirmed its commitment to accelerate deployment of robust broadband infrastructure accessible to all Nigerians. This is to enhance their access to the required resources to carry out seamless digital financial services, irrespective of their locations and circumstances. The Commission gave the assurance at...
By BENJAMIN ORISEMEKE, Abuja – OPEC said on Tuesday that oil demand in 2022 faced challenges from Russia’s invasion of Ukraine and rising inflation as crude prices soar, increasing the likelihood of reductions to its forecast for robust demand this year. Oil prices shot above $139 a barrel this...
By BENJAMIN ORISEMEKE, Abuja – Italian energy group Eni said it would lift a force majeure on exports of Nigerian Brass River crude oil this week after it completed repairs to a pipeline damaged by a blast. The group had cut oil and gas exports from its Brass Export...