The Federal Government has reiterated commitment to transparency and accountability, to ensure participatory budget planning and implementation through the Open Government Partnership (OGP) initiative. Dr Gloria Ahmed, Director, Special Duties, Federal Ministry of Finance, Budget and National Planning, said this at the peer learning workshop with Civil Society Actors...
BUSINESS
… Deploys B777 for Enugu; E195 for Calabar West and Central Africa’s largest carrier, Air Peace, is set to resume Makurdi flight operations from Lagos and Abuja on December 17, 2021. This is as the airline has also deployed the brand new Embraer 195-E2 aircraft for the Calabar route...
By MBAFAN ADE, Abuja – Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Limited, Malam Mele Kolo Kyari, said on Monday that the high price of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, was a reflection of the rising price of crude oil and its...
The Organisation of the Petroleum Exporting Countries (OPEC) says crude oil spot prices dropped by $1.74, or 2.1 per cent, in November 2021 to average $80.37 per barrel. OPEC made this known in its Oil Market Report for December 2021 which was obtained by the News Agency of Nigeria...
By JOY ADARA, Abuja- The Nigerian National Petroleum Company (NNPC) Limited has announced a huge leap in trading surplus of ₦141.96billion recorded in June 2021 compared to a deficit of ₦37.46Billion in May 2021. This is contained in the June 2021 figures of the NNPC Monthly Financial and Operations...
There are no provisions in the Finance Bill 2022 forcing Nigerians to have a Tax Identification Number(TIN) in order to operate a bank account, a top presidency source has clarified. The bill is, at present, before the National Assembly. News reports had erroneously claimed that the bill has a...
Globacom, the telecommunications service provider has announced that it would be giving out 10 brand new cars before the end of 2021 at the ongoing Glo Joy Unlimited Extravaganza promotion. According to a statement issued in Lagos Globacom disclosed that the cars would be given out at prize presentation...
Users of Firstmonie Wallet, the mobile-friendly wallet application by FirstBank are in for an exciting time as they are being rewarded for their continued patronage of its services in a two-month campaign, tagged Transact and Win promo which started on Monday 22, November 2021. Various prizes including, N10, 000.00...
When Rwandan motorcycle taxi driver Evode Niyorurema converted his fuel guzzler to an electric motorbike, he had no idea he was on the frontlines of the East African nation’s fight against climate change. “The reason I switched to an electric motorbike is that I wanted to avoid fuel costs,...
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) has successfully carried out a mock session for the 3.5 gigahertz (GHz) spectrum auction for the deployment of the Fifth Generation (5G) network in the country. The simulated auction, which took place on Friday, December 10, 2021 at the...
Malam Mele Kyari, Group Managing Director, NNPC Ltd., has tasked the National Engineering and Technical Company ( NETCO) to take advantage of the opportunities provided by the Petroleum Industry Act (PIA) to increase its profitability. Kyari spoke at a two-day NETCO Management Retreat with the theme: “Repositioning NETCO for...
By EZEKIEL OBI, Abuja – Emirates Airline has said it would suspend all its flights between Nigeria and Dubai from December 13, The Dubai-based airline announced in a statement issued on Friday. The airline’s decision comes after the Nigerian Civil Aviation Authority (NCAA) limited its flight operations to one...
By EZEKIEL OBI, Abuja – Amidst the clamour for increased indigenous participation across all sectors of the Nigerian economy beyond the oil and gas industry, African technology giant, SystemSpecs, has called for the harmonisation of local content policies across all sectors. SystemSpecs’ Director, Deremi Atanda, stated this at the...
By JOY ADARA, Abuja – The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Professor Umar Danbatta, has said there is a holistic, strategic plan being conscientiously implemented to address the infrastructure deficit in the telecommunications sector with the objective to bridge the...
The Organisation of the Petroleum Exporting Countries (OPEC) has said that investments of 11.8 trillion dollars will be required between 2021 and 2045 in the upstream, midstream and downstream oil sectors. Mr Mohammad Barkindo, OPEC Secretary General disclosed this in his remark on Wednesday at the 23rd World Petroleum...
PATRICK ABANG Calabar – An Islamic finance and business management expert, Shaamsuddeen Akande, has called on the Federal Government to use the Sukuk innovation to finance all aspects of economic development in Nigeria. Akande disclosed this at a workshop in Calabar, on Non Interest Finance Professionals of West Africa...
The roof is already getting raised with #FirstBankIssaVybe, #DecemberIssaVybe campaigns. With FirstBank, it is always a total experience of being woven into the fabric of society from banking at its finest, to music, fashion, arts, and sports. Across the spectrum of human endeavour, FirstBank stands tall behind its over...
The Federal Capital Territory Internal Revenue Service (FCT-IRS) said that it remitted N118 billion into federal government coffers as at November with a projection of N202 billion in 2022. Acting Executive Chairman of the service, Mr Haruna Abdullahi, who revealed this to newsmen in Abuja on Wednesday, said the...
UTM Offshore and the African Export-Import Bank (Afreximbank) have signed a MoU to raise 2 billion dollars for the development of Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. Dr Yahuza Kassim, Principal Consultant for the development of the facility stated in Lagos on Wednesday that the MoU was...
By TENEBE ANTHONIA, Lagos – In fulfilling its commitment to maintain excellent service delivery and provide solutions in line with stakeholders’ needs, NGX Regulation Limited (NGX RegCo) will host its Issuers’ Engagement Forum on Tuesday, 14 December 2021. Hosted by the Chief Executive Officer, NGX RegCo, Ms. Tinuade Awe,...