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...
BUSINESS
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...
By BENJAMIN ORISEMEKE, Abuja – The Minister of State Petroleum Resources Chief Timipre Sylva has called on the United States (US) Government to provide funding support for Nigeria to develop its natural gas resources to serve as alternative source of energy for Europe. The call by Sylva is coming...
Chief Timipre Sylva, Minister of State for Petroleum Resources, has attributed the inability of Nigeria to meet the Organisation of Petroleum Exporting Countries (OPEC) quota to lack of investments in oil and gas sector. Nigeria’s OPEC quota is pegged at 1.8 million barrels per day (bpd) but in the...
By BENJAMIN ORISEMEKE, Abuja – Ecobank Nigeria has entered into a partnership agreement with the Ogun State government to provide mortgage financing to interested civil servants who are allottees of the state’s housing scheme. Under the housing scheme, the Ogun State Government has developed an acquisition arrangement to build...
By BENJAMIN ORISEMEKE, Abuja – The International Monetary Fund (IMF) says Nigeria and other countries that have very close economic links with Ukraine and Russia are at risk of scarcity and supply disruptions. It added that poor households across the world would suffer from the increase in food and...
By BENJAMIN ORISEMEKE, Abuja – The Federal Government, on Monday said it was opened to onshore and natural gas investments by the Turkish government in Nigeria. Speaking during a bilateral meeting with the Turkish Deputy Minister of Energy and Natural Resources Alpersen Bayraktar, on the side-line of the ongoing...
BY BENJAMIN ORISEMEKE, Abuja – In commemoration of International Women’s Day, IWD 2022, Nigeria’s retail lender, Unity Bank Plc is partnering AltSchool Africa to sponsor female students towards the acquisition of specialist software skills – an empowerment initiative to boost the capacity of the female gender. AltSchool Africa is...
Google on Tuesday announced that Google.org, was committing $1million in charitable funding to support programmes to help women entrepreneurs grow their businesses. Mojolaoluwa Aderemi-Makinde, Head Brand and Reputation, Africa-Google said that the funding was as a part of a series of new initiatives aimed at supporting women-owned businesses. Aderemi-Makinde...
By BENJAMIN ORISEMEKE, Abuja – One of Nigeria’s leading banks, FirstBank Nigeria Limited 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. FBN is Nigeria’s leading financial inclusion services provider The...
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its partnership with CDC Group, the UK Government’s development finance institution on a US$100 million finance facility to FirstBank. This new facility will direct funding to women-owned and led businesses as well as to...
By JOY ADARA, Abuja – Taxpayers who have outstanding foreign currency tax liabilities can now take advantage of the Federal Inland Revenue Service (FIRS) one-month window to settle these liabilities in Naira, with effect from the 1st of March, 2022, to 31st March, 2022. This is according to a...
The Ajaokuta-Kaduna-Kano Natural Gas Pipeline Project (AKKP), has reached 73.3 per cent completion stage, Mr Abdulkadir Ahmad, Group Executive Director, Gas and Power, Nigeria National Petroleum Corporation, has revealed. The News Agency of Nigeria (NAN) gathered that the AKKP was approved by the Federal Government, aimed at transporting natural...
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has expressed satisfaction with what he described as the high interest of Nigerians in the agricultural sector, expressing the bank’s commitment to boosting local production. According to a statement, Emefiele said this while addressing journalists during an inspection...
By JOY ADARA, Abuja – Nigerian National Petroleum Company Limited (NNPCL), formerly Nigerian National Corporation (NNPC) has expressed interest to participate in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria Integrated Power Plants (NIPPs). Managing Director of NNPCL, Mallam Mele...
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Monday said oil and gas companies liabilities to the Federation Accounts as at Dec. 31, 2020 was N1.32 trillion. Dr Orji Ogbonnaya Orji, the Executive Secretary, NEITI made this known in Abuja at the public presentation of reports on Oil, Gas...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Group of Companies has begun commemorating the International Women’s Day 2022 through a series of Closing Gong Ceremonies to celebrate recently appointed female Board Chairpersons and Chief Executives of listed companies and their affiliates who were appointed in 2021. The events which...
…Highlights 5G’s socio-economic benefits The AfricaNXT Conference 2022, known previously as Lagos Social Media Week, has ended on a historically impressive note for the Nigerian Communications Commission (NCC), having drawn the largest attendance and participation at a single session during the conference, where its team discussed the socio-economic benefits...
Vice-President Yemi Osinbajo says with the evolvement of technology, there is the need to equip Nigerians with the requisite knowledge and skills to drive innovations to solve challenges. Osinbajo made this known in Abuja on Saturday, at the 2021/2022 First Lego League (FLL) Championship in Robotics with the theme:...