The Nigerian National Petroleum Company Ltd. (NNPCL) has restored production of 275, 000 barrels of oil per day (bpd) following the settlement of lingering rift between oil operators and unions. The NNPC Ltd. on Sunday brokered a peace deal between TotalEnergies management, NNPC/Total JV operator, Petroleum and Natural...
BUSINESS
African Development Bank (AfDB) has finalised arrangements to disburse 618 million dollars to Nigeria under the Investment in Digital and Creative Enterprise (i-DICE) programme. AfDB’s Country Director-General for Nigeria, Mr Lamin Barrow told the News Agency of Nigeria (NAN) in Marrakesh, Morocco on Sunday that the Nigerian government...
Introduction Gambling is one of the many pastimes people can engage in. However, it all started as a fun-filled side attraction for most people now entangled in gambling addiction. This addiction often has severe negative impacts on one’s financial decisions, relationships, and social and work life. In the same...
By DAVID IORJA, Abuja – President Bola Tinubu has said every negative perception or notion about what Nigeria has represented in the past with respect to the ease of doing business, monetary policy, and trade cooperation is no longer applicable now and in the future of Africa’s largest...
By DAVID IORJA, Abuja – Vice President Kashim Shettima, has commended Access Bank for offering N30 billion discounted loan to 700,000 Micro Small and Medium Enterprises (MSMEs) in the country. VP Shettima made the commendation during a meeting with MSMEs stakeholders. Shettima, while interacting with MSMEs...
The 2023 African Investment Forum (AIF) Market Days boardrooms have secured 34.82 billion dollars in investment interest during its three days session in Morocco. The figure is higher than the 31 billion dollars investment interest secured in 2022. Dr Akinwumi Adesina, African Development Bank (AfDB) Group President announced...
The Africa Export-Import Bank (Afreximbank) has signed financial advisory mandates worth two hundred million dollars ($200m), with the Anambra State Investment Promotion and Protection Agency. This was contained in a press statement issued by Mr Christian Aburime, the Press Secretary to Gov. Chukwuma Soludo...
The Managing Director, 313 Bureau de Change, Alhaji Murtala Bashir, has emphasised the need for collective efforts to ensure the stability of the naira at the Foreign Exchange Market in Nigeria. Bashir made the call in a statement made available to the News Agency of Nigeria (NAN) on...
Access Bank P.lc., has partnered with the Office of the Vice-President to provide N30 billion to support four million Micro, Small and Medium Enterprises (MSMEs), women and youths businesses in Nigeria. The Group Managing Director of the bank, Mr Roosevelt Ogbonna, made this known in an...
By GRACE AUDU, Abuja – Ahead of its National Mortgage and Real Estate Conference 2023 slated for next week, the Institute of Mortgage Brokers and Lenders of Nigeria (IMBLN), has warned that henceforth, it will clampdown on fraudulent and unlicensed developers, mortgage professionals and real estate promoters operating...
Africa’s Global Bank, United Bank for Africa (UBA) Plc, and Saudi Export-Import Bank (Saudi EXIM), a premier export credit agency in the Kingdom of Saudi Arabia, have announced a partnership aimed at strengthening business growth and enhancing economic cooperation between their economies. To this end, both institutions signed a...
Addressing a global audience of agricultural extension professionals in Africa, the President of Sasakawa Africa Association (SAA), Dr Makoto Kitanaka has called for greater attention to extension and advisory services as a sustainable pathway to agricultural transformation on the continent. The SAA president spoke at the 6th Africa-wide Agricultural Extension...
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo has warned the Nigeria Labour Congress ( NLC) against disrupting flight operations at the airports. Keyamo gave the warning at the Ministerial retreat for Minister, Permanent Secretary, Directors and Head of Agencies of the Ministry of Aviation and...
The Nigeria Deposit Insurance Corporation (NDIC) has paid N1.39 billion to 36,163 depositor of 110 closed Microfinance Banks (MFBs) and three Primary Mortgage Banks (PMBs). The Managing Director of NDIC, Mr Bello Hassan, made the disclosure at the NDIC Special Day, at the 2023 Lagos International Trade...
The Enugu Electricity Distribution Company (EEDC) has said the current power outage in Imo, a fallout of a strike action by the Nigeria Labour Congress (NLC) is beyond its control. The EEDC’s Head of Corporate Communications, Mr Emeka Ezeh, made the disclosure in statement issued in Owerri on...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said out of a total mineral revenue of N6.40 trillion, the Nigerian Upstream Regulatory Commission (NUPRC) accounted for the highest contribution of N2.71 trillion in 2020-2021. NEITI, in its latest Fiscal Allocation and Statutory Disbursement (FASD) report which covered the...
Bank of Industry (BOI) has said it would close the financial gap, build stronger climate commitments and tap into the potential of renewable energy, partnerships and collaboration. The Managing Director. Bank of Industry (BOI), Dr Olasupo Olusi made this known on Thursday in Abuja. Olusi spoke...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has provided insight into how the lingering Russia – Ukraine war impacted Nigerian crude oil inflows in the international oil market. The NNPC Ltd said this led to a dip in demand from the once-dependable Asian market at the onset...
Aviation unions in Nigeria on Wednesday directed their workers to withdraw services to all public and private Owerri flights (both inwards and outwards) with effect from midnight. The unions said the strike is indefinite until otherwise directed by the Nigeria Labour Congress (NLC) and the Trade Union Congress...
FirstBank of Nigeria Ltd. has launched the Win Big promo to reward and delight its valued customers. The Group Head, Marketing and Corporate Communications, Firstbank, Mrs Folake Ani-Mumuney, said this in a statement on Wednesday in Lagos. The statement said that the bank was thrilled to launch the...