Jumia Nigeria, an e-commerce company, on Tuesday, announced the appointment of Mr Sunil Natraj as Chief Executive Officer effective from Jan. 1, 2024. The Chief Executive Officer Jumia Group, Mr Francis Dufay, made the announcement during a media briefing in Lagos. Dufay said that Natraj would be...
BUSINESS
NNPC Ltd. has expressed its commitment to work with global partners in the march towards reducing methane emissions in oil and gas operations. On the sidelines of the ongoing United Nations Climate Change Conference, also known as COP28, taking place in Dubai, the United Arab Emirates, the Oil and...
London, 28 November 2023 — Bloomberg announced today that FirstBank UK Limited (FirstBank UK), the UK subsidiary of First Bank Nigeria Limited, the premier West African bank, has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating TOMS into its workflow, FirstBank UK will have access to a comprehensive suite...
By CALLISTUS OFFOR, Abuja – Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has said the support of the Commission awaits law-abiding investors like Meta, (formerly Facebook), which responds positively to Nigeria’s desire for investments that promote the...
The Federal Government has commended Access Bank P.lc., for the upward review of its loan scheme for Micro, Small and Medium Enterprises (MSMEs) from N30 billion to N50 billion. Mr Temitola Adekunle-Johnson, Senior Special Assistant to the President on MSMEs and Job Creation, Office of the Vice-President, stated...
The Nigerian Ports Authority (NPA) has explained how INTELS Nigeria Limited waived $193 million as part of deliberate and conscious effort to resolve the stalemate on the pilotage contract with the federal government. The NPA said that the agreement that culminated in the waiver of the $193,317,556 accumulated interest...
The Debt Management Office (DMO), on Monday, offered two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. The first offer is a two-year FGN savings bond due on Dec. 13, 2025, at an interest rate of 12.287 per cent per annum. The second...
UBA wins Big at Bankers Awards, Covets African Bank of the Year, Best Bank in 8 of its subsidiaries.
UBA wins Big at Bankers Awards, Covets African Bank of the Year, Best Bank in 8 of its subsidiaries.
* Wins Bank of the Year Africa 2023 * Subsidiaries Come Top in Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, Republic of Congo, Sierra Leone, and Tanzania. Africa’s global bank, United Bank for Africa (UBA) Plc, has again demonstrated its prowess on the international stage as it clinched nine prestigious...
The U.S. has said it is set to invest $600 million in private investments and infrastructure in Africa as partnership towards deepening global alliance. Chargé d’Affaires of the U.S. Embassy in Nigeria, David Greene, disclosed this to the News Agency of Nigeria (NAN) on Sunday in Abuja....
The National Executives of Petroleum Tanker Drivers (PTD) Branch of NUPENG under the control of Comrade Lucky Osesua has taken a swipe at the parent body for engaging in forum shopping, blackmail, contempt of Court and using sentiments to foist their illegal leadership on the Federal Government and other stakeholders...
• Says Abuja, Lagos, next The Mayor of Housing, My-ACE China, has emerged as the 2023 Real Estate Personality of the Year in the National Service Award series which was held in Abuja at the weekend. The Mayor of Housing has however revealed what holds back the adequate housing...
A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to sanction banks that allowed customers to operate accounts without their BVN and NIN. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), said this in an interview with...
By MBAFAN ADE, Abuja – The Federal Inland Revenue Service (FIRS), has approved amnesty on penalties and interests for outstanding tax liabilities. It would be recalled that the FIRS had earlier imposed sanctions and interests for failure by companies to fulfil their tax obligations. But in...
●Warns the public against having any dealings with new board ●Urges president to reverse his decision and allow the flow of the rule of law Senator Ifeanyi Godwin Araraume has reacted to the appointment of new board and management of the Nigerian National Petroleum Company (NNPC) Limited, which purported...
First Bank of Nigeria Ltd. (FirstBank) on Friday rewarded 310 customers with N31 million, as winners of the Win Big Promo for the month of November. Mr Ikemefula Nwachukwu, Head, Personal Banking, e-Business and Retail Products, FirstBank at the selection of the promo’s maiden batch winners, said that...
Vice President Kashim Shettima on Friday emphasised the unwavering commitment of President Bola Tinubu’s administration to enhance job security within the Micro, Small and Medium Enterprises (MSMEs) and the younger population. Senior Special Assistant to the President on Media and Communications, Office of the Vice-President, Mr Stanley Nkwocha,...
The Central Bank of Nigeria (CBN) has said it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024. This is according to a Friday circular by the apex bank which said a BVN or NIN verification will be “conducted...
The Federal Government on Friday inaugurated the National Council on Micro, Small and Medium Enterprises (MSMEs) to ease ways of doing small businesses across the country. Director-General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr Charles Odii, made this known while briefing newsmen at...
The African Development Bank (AfDB), has signed an additional 20 million dollar Trade Finance Facility with FSDH to support Small and Medium Enterprises (SMEs) in Nigeria. Mr Lamin Barrow, Director-General, Nigeria Country Department, AfDB, said this during the signing ceremony, on Thursday in Lagos. According to Barrow, trade...
The Nigerian Communications Commission (NCC) has said Small and Medium Enterprises (SMEs) and Start-ups are catalyst for promoting wealth creation, employment generation and economic prosperity. NCC’s Executive Commissioner, Technical Services, Ubale Maska, said this at the inauguration of the National SMEs/Entrepreneurship Forum for Start-ups in Emerging Technologies organised...