The Nigeria National Petroleum Company Limited (NNPC), Gas Aggregation Company of Nigeria (GACN) and Nasarawa State Government have signed a Memorandum of Understanding (MoU) for the supply of gas to industries and investors in Nasarawa State. The MoU for the gas supply was signed on Thursday in Lafia at...
BUSINESS
Jumia, the Pan-African e-commerce platform, has announced a boost in sales midway into its annual Black Friday promo in Nigeria. The promo which started earlier in the month was scheduled to run till Nov. 30. Jumia said in a statement in Lagos on Thursday that a number of Nigerians...
The national carrier, Nigeria Air is expected to take off in April 2022, the Minister of Aviation, Senator Hadi Sirika, has announced. This follows the approval of the outline business case for the establishment of the national carrier by the Federal Executive Council (FEC) on Wednesday. Sirika, who made...
A new research by Standard Chartered has projected that global exports will almost double from US$ 17.4 trillion to US$ 29.7 trillion over the next decade. The report, made available to the News Agency of Nigeria (NAN) on Wednesday in Lagos, revealed the 13 markets that would drive much...
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Nigeria’s non-oil revenue grew to N1.15 trillion, representing 15.7 per cent above target rate in response to Federal Government’s efforts at diversifying the nation’s economy. Ahmed made this known virtually at the Institute of Directors (IoD)...
By TENEBE ANTHONIA, Lagos – Ecobank Group, the leading pan-African banking group, has signed an agreement for a €100 million long-term credit facility over 9 years with the European Investment Bank (EIB). The facility affirms joint Ecobank Group and EIB targeted support for business investment across Africa, with particular...
BY ANKELI EMMANUEL, Sokoto – The Federal Airports Authority of Nigeria (FAAN) in collaboration with the Anti Corruption Transparency Unit (ACTU) have organized a sensitization campaign against all forms of corrupt practices for workers of the Sultan Abubakar 111 International Airport, Sokoto. Giving insights into the campaign, the Sokoto...
The Central Bank of Nigeria (CBN) has said it was targeting 25,000 women and youths in Ebonyi, during its one-week digital financial inclusion drive. The Director, Development Finance Department of the bank, Mr Philip Yusuf stated this at Onueke, headquarters of Ezza South Local Government Area of the state...
By TENEBE ANTHONIA, Lagos – MTN Nigeria Communications Plc (MTNN) has obtained the approval of the Securities and Exchange Commission (SEC) for the offer for sale of up to 575 million ordinary shares in MTNN held by the MTN Group This is contained in a notice signed by the...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr Godwin Emefiele, the CBN Governor, said the MPC...
The Ondo State Government has imposed a 24 hours curfew on Ikare-Akoko in Akoko North East Local Government Area, following sporadic gun shots in the community. This is contained in a statement made available to newsmen on Tuesday in Akure by Mr Donald Ojogo, the state Commissioner for Information....
PATRICK ABANG, Calabar – Mr Emmanuel Esezobor, The Acting Managing Director of First Royal Micro Finance Bank (FRMFB) Calabar, a subsidiary of the Brotherhood of the Cross and Star has disclosed that the bank is ready to raise equity of N500m before the first quarter of 2022. Speaking in...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has said that it would support 16 women cooperative societies in Niger with a N5.2 million grant to start agri-businesses. Dr Dikko Radda, the Director-General, SMEDAN, disclosed this in Minna, at the start of a one-week training for the...
The Central Bank of Nigeria (CBN) says it is targeting 25,000 women and youth in Jigawa state who have no bank account to do so, in an ongoing five-day Digital Financial Inclusion drive. Mr Audu Amadu, the Head of Development Finance, Jigawa branch office, said this while fielding questions...
President of the African Import Export Bank (Afreximbank), Prof. Benedict Oramah, has said Africa’s creative industry is a potent instrument that could grow the Gross Domestic Product (GDP) of African countries and pull the youths out of poverty. Oramah said this at the two-day Creative Africa Nexus (CANEX), which...
The Group Managing Director (GMD)/Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, Malam Mele Kyari, started his weekly activities with an interview with Bloomberg TV in Abu Dhabi, the United Arab Emirates (UAE). Kyari said in the interview that Nigeria would ramp up oil production to...
No fewer than 135 entrepreneurs in Enugu State have received business start-up kits distributed by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). The Deputy Director, Enterprise Development and Promotion Department, SMEDAN, Abuja, Mr Gbenga Ogundeji, told the News Agency of Nigeria (NAN) that the programme was...
The National Pension Commission (PenCom) says that Leadway Pensure Ltd. is not in breach of the Investment Regulation by investing pension funds in the equities of FBN Holding Plc. Mr Peter Aghahowa, the commission’s spokesperson, in a statement on Saturday, said the clarification was necessary following several publications alleging...
By EZEKIEL OBI, Abuja – Minister of Science, Technology and Innovation, Dr Ogbonnaya Onu, has said that Nigeria needed to intensify efforts in equipment production for the armed forces, to fight insecurity. This is contained in a statement by Mr Otuyemi Adetayo, Press and Public Relations officer of the...
Profit-taking activities continued on Thursday in the Nigerian equities market as investors lost N33 billion on sell-offs in 23 stocks. The News Agency of Nigeria (NAN) reports that the market capitalisation dipped N33 billion or 0.15 per cent to close at N22.589 trillion against N22.622 trillion on Wednesday. Also,...