Business and Economy

By Taiye Olayemi Lagos, April 6, 2023 Spotify, a global online streaming platform, has revealed the top ten Nigerian Easter favourite gospel music. Victor Okpala, Artist and Label Partnerships Manager, West Africa for Spotify, in a statement on Thursday said that data from the platform showed listenership trends around gospel music from …

By Sixtus Uket (Calabar) Cross River State Investment Promotion Bureau has called on the South African Consulate in Nigeria to take advantage of the abundant investment opportunities that spread across the 18 Local Government Areas and get South African businessmen and women to invest in the State. The Director General, …

By Deborah Coker Abuja, April 3, 2023 Former treasurer and also former Vice-President of the World Bank, Dr Arunma Oteh, (2015 – 2018) says Small and Medium Enterprises (SMEs) are capable of bailing Nigeria out of its multi-dimensional challenges. Oteh made the declaration on Monday in Abuja in a lecture …

By Deborah Coker Abuja, April 3, 2023 Former treasurer and also former Vice-President of the World Bank, Dr Arunma Oteh, (2015 – 2018) says Small and Medium Enterprises (SMEs) are capable of bailing Nigeria out of its multi-dimensional challenges. Oteh made the declaration on Monday in Abuja in a lecture …

By Kadiri Abdulrahman Abuja, April 3, 2023 The Debt Management Office (DMO), on Monday offered two Federal Government of Nigeria (FGN) Savings Bonds for the month of April at N1,000 per unit. According to the DMO, the first offer is a two-year FGN Savings Bond due in April 12, 2025 …

The Bureau of Public Service Reforms, BPSR has declared the Nigerian Maritime Administration and Safety Agency, NIMASA, a “Silver Level” Organization classed as Level 2, with a performance level of 74%; which implies that the Agency’s performance meets expectations in essential areas of responsibility, resulting in an overall quality of …

In commemoration of World Water Day 2023, Nestlé Nigeria took the message of responsible water management to over 160 children and teachers from public and private primary schools, in collaboration with the Ogun State Rural Water Supply and Sanitation Agency and the FCT Rural Water Supply and Sanitation Agency. The …

By Abiodun Azi  Lagos. March 27, 2023 The Nigeria LNG (NLNG) Limited on Monday inaugurated an Obstetrics & Gynaecology Ward at the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos. The News Agency of Nigeria (NAN) reports that the project is part of Phase 1 projects in NLNG’s multi-billion-naira Hospital Support …

Zenith Bank Plc has announced its audited results for the year ending December 31, 2022, achieving an impressive double-digit growth of 24% in gross earnings from NGN765.6 billion reported in the previous year to NGN945.5 billion in 2022. This is despite the persistent challenging macroeconomic environment and headwinds. According to …

By Joan Nwagwu Abuja, March 28, 2023 Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) on Tuesday extended the ultimatum issued to the Central Bank of Nigeria (CBN) to make naira available in commercial banks by two weeks. The two organisations had earlier threatened in a one-week ultimatum …

Director General and Chief Executive Officer of the National Identity Management Commission (NIMC), Engr. Aliyu Aziz Abubakar has charged members of the Management of the Commission to ensure strict compliance with the provisions of the country’s Public Procurement Act. The NIMC helmsman gave the charge in Lagos on Monday, while …

  NIMASA committed to Ease of Doing Business – Jamoh The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, and the Nigerian Communications Commission (NCC), have agreed to work closely with relevant stakeholders as NIMASA inches closer to developing a regulatory framework to provide operational guidelines for Submarine …

By Taiye Agbaje Abuja, March 26, 2023 A High Court of the Federal Capital Territory (FCT), Abuja has issued an order attaching funds standing to the credit of Oyo State Government and its agencies in four banks. Justice A. O. Ebong issued the order while ruling on a motion ex-parte …

 By Ige Adekunle Sango-Ota (Ogun), March 25, 2023 The Centre for Economic Policy & Development Research (CEPDeR), Covenant University, Ota, says it will collaborate with University of Warwick to host 2023 National Budget Roundtable and Panel Discussion at the institution’s premises on March 30. The Chairman of the CEPDeR, Dr …

By Kadiri Abdulrahman Abuja, March 25, 2022 The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country. According to a statement issued by Dr Isa AbdulMumin, the Acting Director, Corporate Communications of the CBN, it is part of a …

Nestlé Nigeria and Ogun State Ministry of Environment hosted a stakeholders’ forum on 22nd March to commemorate World Water Day 2023.  Aimed at promoting sustainable water stewardship practices, the forum had over 400 stakeholders drawn from the public and private sectors across Ogun State. World Water Day is a United …

By Cecilia Ologungaba New York, March 23, 2023 Nigeria’s Dr Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation (WTO), says trade is part of solution to managing the economics of water to incentivise its appropriate use that ensure access and equity. Okonjo-Iweala said this at a news conference organised by …

By Yunus Yusuf Lagos, March 22, 2023 The Nigeria LNG Ltd. (NLNG) says it has joined the Oil and Gas Methane Partnership (OGMP 2.0), a partnership coordinated by the United Nations Environment Programme (UNEP) to reduce methane emissions. The company also said that the partnership would improve the accuracy and …

By Kadiri Abdulrahman Abuja, March 21, 2023 The Central Bank of Nigeria (CBN) has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date. The CBN Governor, Mr Godwin Emefiele said this on Tuesday in Abuja, when he read the communique issued at …

‘Equality is not just the right thing to do, it is smart economics. No society can ever truly flourish if it stifles the potential of its women and deprives itself of the contribution of half its citizens.’ At Coca-Cola, we know that women are not only essential to building thriving …

By Ella Anokam Abuja, March 19, 2023 An Oil and Gas Expert, Prof. Olanrewaju Aladeitan, has lauded the new oil and gas discoveries in Nigeria, which indicate that the country has huge gas reserves. The expert said Nigeria could be more described as a gas country than a crude oil …

    By Lucy Ogalue Abuja, March 15, 2023 The Presidential Enabling Business Environment Council (PEBEC) has urged the National Identity Management Commission (NIMC) to address charges introduced for National Identification Number (NIN) integration and verification. Dr Jumoke Oduwole, PEBEC Secretary/Special Adviser to the President, Ease of Doing Business, in …

.. Says donations well documented Borno State Governor, Babagana Umara Zulum, has expressed satisfaction with the progress of ongoing rehabilitation works at the Maiduguri Monday market, which was engulfed by fire on Sunday, February 26, 2023. Zulum made this known Tuesday when he paid an assessment visit to the market, …

By Kadiri Abdulrahman Abuja, March 14, 2023 The Central Bank of Nigeria (CBN), on Monday, said that the old N200, N500 and N1,000 banknotes remain legal tender till Dec. 31. According to a statement by Isa AbdulMumin, CBN’s Acting Director, Corporate Communications, this is in compliance with the March 3 …

By Joan Nwagwu Abuja, March 13, 2023 NLC plans to order workers to sit at home if in seven days the Federal Government fails to address current cash crunch. Its President, Mr. Joe Ajaero, made the declaration on Monday in Abuja at the end of an emergency meeting of the …