The National Oil Spills Detection and Response Agency (NOSDRA) has deployed an aircraft and five vessels to contain the oil leakage from Egina facility operated by TotalEnergies. According to the spills agency, the response aircraft and vessels were used to apply dispersants on the oil leak that...
BUSINESS
The Central Bank of Nigeria (CBN) has said it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs). Mr Olayemi Cardoso, the CBN Governor, announced this at the 58th Annual Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria...
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has clarified that the 43 items were never explicitly prohibited from importation or sale in Nigeria. Cardoso gave this clarification at the 58th Annual Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN)...
The National Bureau of Statistics (NBS), says prices of beef, rice, beans, tomato, and other food items increased in October. It said this in its Selected Food Prices Watch report for October 2023 released in Abuja on Friday. The report said that the average price of 1kg of...
Monitoring the Black Friday conversations on social media, most Nigerian online shoppers revealed lack of trust, as many believed that e-commerce companies were simply boosting their sales without really offering great discounts. A tech blogger, Wale Ladipupo, said the concerns of customers were reasonable since the major platforms...
An online recruitment platform, Jobberman said it has made provision for 1,200 job opportunities for young persons in Kaduna at the career fair opened on Thursday. Ahmed Alaga, Programme Manager Partnership, Jobberman Nigeria, made the disclosure in an interview with the News Agency of Nigeria (NAN) after the...
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria to implement steps identified to reduce pressure on the foreign exchange market. Dr Muda Yusuf, the Chief Executive Officer of CPPE, gave the advice in an interview with the News Agency of...
Google has empowered 15 Small and Medium Businesses (SMBs) under its Hustle Academy with the sum of N75 million. The country Director, Google West Africa, Mr Olumide Balogun, said this at the Google Hustle Academy graduation on Thursday in Abuja. Balogun said the event was also to celebrate...
Police in Jigawa have arrested a 50-year-old man for allegedly fabricating firearms in Ringim Local Government Area of the state. Police spokesman in the state, DSP Lawan Shiisu, stated in Dutse on Thursday that the suspect was arrested on Nov. 16. “Policemen in Ringim in collaboration with a...
The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPC) Limited, Alhaji Mele Kyari has assured that in three months the country would not experience fuel queues. Kyari said this when he paid a courtesy visit to the leadership of the Senate. He said that the...
TotalEnergies has confirmed that the oil leak at its Egina Floating Production Storage and Offloading (FPSO) vessel operated has been contained. The News Agency of Nigeria (NAN) learnt that the leak had occurred while crude was being loaded from the Egina FPSO to a vessel on Nov 15....
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank have set aside N5 billion loan for small businesses. The Director-General of SMEDAN, Mr Charles Odii, said this during the signing of a Memorandum of Understanding (MoU) between the parties on Wednesday in Abuja. Odii...
By MBAFAN ADE, Abuja – The Board of Jaiz Bank Plc has approved the appointment of Mr Haruna Musa,Jaiz Bank as the Managing Director/Chief Executive Officer of the bank. The bank said in a statement on Wednesday that Musa’s appointment became effective Nov. 21, following the receipt of...
By TOM CHIAHEMEN – Former Chairman of the Senate committee on Local Content Committee in the 9th National Assembly, Senator Teslim Kolawole Folarin, has commended the Nigerian Content Development and Monitoring Board (NCDMB), for training 500 youths in Oyo State on solar power installation and maintenance. Organized as part...
The First Lady, Sen. Oluremi Tinubu has flagged off Market-Moni, the expanded Government Enterprise and Empowerment Programme (GEEP), with initial phase of 1.5 million recipients getting N50,00 each across the country. At the launching held at the State House Banquet Hall, Abuja on Wednesday, the first lady advised...
National Bureau of Statistics (NBS) has said the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023. It made the declaration in its Petrol Price Watch for October 2023 released in Abuja on Wednesday. It stated that the October...
The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N4,189.96 recorded in September to N4,562.51 in October. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for October 2023 released on Wednesday in Abuja. The report said the October...
In a globalized economy, businesses are constantly seeking avenues for expansion and sustainable growth. For enterprises in Africa, one strategy that holds immense potential is venturing into the realm of export. This article explores the various dimensions of exporting as a catalyst for not just business expansion but...
Nigeria and German have signed two Memoranda of Understanding (MoU) on the supply of gas from Nigeria to Germany and another $500 million worth of renewable energy projects in Nigeria. A statement by presidential spokesman, Ajuri Ngelale, said President Bola Tinubu witnessed the signing of the two MoU...
An Enugu State High Court, presided over by Justice Chukwunweike Ogbuabor on Tuesday adjourned a N4 billion lawsuit against First Bank of Nigeria Plc to Jan. 16, 2024 for hearing. The suit was instituted by a Non-Governmental Organisation (NGO), called Incorporated Trustees of International Vocational Centre (IVC)...