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...
BUSINESS
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,...
By JOY ADARA, Abuja – The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has said leveraging the potential of Information and Communication Technology (ICT) to automate service delivery should be the next frontier of excellent service delivery to Nigerians by public institutions. Danbatta...
The South East Amalgamated Markets Traders Association (SEAMATA), has sent a “Save Our Souls (SOS)” signal to the Central Bank of Nigeria (CBN) over multiple and indiscriminate charges and deductions on customers by commercial banks. SEAMATA is the umbrella association of traders in all the markets in the South...
Nigeria’s total merchandise trade rose to N13.3 trillion in Quarter Three of 2021, representing 10.43 per cent increase over N12.02 trillion recorded in Quarter Two, Mr Simon Harry, the Statistician-General of the Federation, has said. Harry announced this on Monday in Abuja during a media conference on the “Foreign...
Mr Mobolaji Lawal, Regional Executive/Managing Director Designate, Ecobank Nigeria, Ecobank Group, has appointed Mr Mobolaji Lawal as Regional Executive/Managing Director-designate of Ecobank Nigeria, subject to the approval of the Central Bank of Nigeria. Mrs Adenike Laoye, Group Head, Corporate Communications and its Chief of Staff, disclosed this in a...
“There is always a lot to spend money on, and sometimes the bills can’t wait for the salary to be paid” Tope complained when his wife informed him that they had run out of cooking gas and had to refill. He had just moved to a new location with...
By OLA MUDOPE, Lagos – The Managing Director of the African technology giant, SystemSpecs, John Obaro, has stated that the deployment of digital innovations, cross-industry collaborations and the right policies would solve the persistent challenge of unclaimed dividends in Nigeria’s capital market. Speaking on “Solving the Unclaimed Dividend Conundrum:...
By SADIQ ABUBAKAR, Maiduguri – The Federal Airports Authority of Nigeria (FAAN) has dismissed reports that an explosion rocked the Maiduguri airport in Borno State. In a statement issued on Saturday, The General Manager, Corporate Affairs, Henrietta Yakubu, said the information was false as there was neither an explosion...
The Anti-Piracy Society of Nigeria (APSON), Anambra State Sector, in collaboration with Tavbt software developers, on Saturday unveiled a mobile application to track fakery and fake products before purchase. The App, known as ‘TaVbt’, was unveiled at the Inauguration and Induction of Anti-piracy Agents into APSON, in Awka, to...
The International Institute for Tropical Agriculture (IIITA) Yam Improvement for Income and Food Security in West Africa (YIIFSWA) has recorded significant progress in the rapid multiplication of yam seedlings. The leader of the Project, Dr Norbert Maroya said this on Friday at the Yam Field Day to celebrate the...
By OLA MUDOPE, Lagos – The United Nigeria Airlines (UNA) has boosted it fleet with a newly acquired Airbus A320. The airline’s Head of Corporate Communications, Uchegbu Achilleus-Chud, made this known in a statement he issued on Friday in Lagos. Achilleus-Chud said the additional aircraft would serve UNA customers...
By OLA MODUPE, Lagos – The Lagos Commodities and Futures Exchange (LCFE) on Friday announced a partnership with Heritage Bank to create a structure for trading on wheat contracts and its allied products. The Managing Director, LCFE, Mr Akin Akeredolu-Ale, disclosed this in a statement on Friday while addressing...
The Federal Government has expressed satisfaction that its commitment to infrastructural development were manifesting and yielding positive results. This is contained in a statement issued on Friday in Abuja by Josephine Ademu, Press and Public Relations Officer at the Federal Ministry of Science, Technology and Innovation. She stated that...
Apple on Thursday announced the 2021 App Store Award winners, recognizing 15 best apps and games, NATIONAL ACCORD citing Xinhua. This year’s winners include developers from around the world whose apps and games were selected by Apple’s global App Store editorial team, the company said. Among the winners, Toca...
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) on Thursday dismissed a report published on the front page headline of the BusinessDay newspaper, which alleged how the NCC moved 5G deadline after only MTN submitted bid. The publication alleged that “the Commission was forced to move the...