Business and Economy

 By Kadiri Abdulrahman Abuja, July 18, 2022 The Debt Management Office (DMO) says it raised N123.85 billion in its July Federal Government of Nigeria (FGN) bond auction. The DMO, which made this known in a statement on Monday, said that the three instruments auctioned were valued at N75 billion each, …

The 7th Annual Edition of the Zenith Bank International Trade Seminar will be held on Wednesday, July 20, 2022, at the Civic Centre, Victoria Island, Lagos, and virtually by 9.00 am. The seminar, themed “Unlocking Opportunities in Nigeria’s Non-Oil Export Business”, is part of Zenith Bank’s efforts to support the …

Huawei Technologies, a leading global provider of Information and Communications Technology (ICT) infrastructure and smart devices has partnered with TD Africa, Sub-Saharan Africa’s foremost distributor of tech, services and lifestyle products to launch a suite of revolutionary digital power solutions targeted at various categories of users in the Nigerian market. …

By Lydia Ngwakwe Lagos, July 15, 2022 The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the Monetary Policy Committee (MPC) will chart a new course for an improved monetary policy and Central Bank of Nigeria (CBN) that will provide direction for monetary policy in Nigeria. …

  Following a suit by Socio-Economic Rights and Accountability Project (SERAP) and 176 concerned Nigerians, the ECOWAS Court has “declared unlawful the suspension of Twitter by the government of President Muhammadu Buhari and ordered the administration never to repeat it again.” This development was disclosed Thursday by SERAP deputy director …

The Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria (SCiN), Mr. Osagie Okunbor, has been named the sole recipient of the H. E. Dr Alirio Parra Lifetime Achievement Award in Nigeria’s Oil and Gas Industry for 2022. Named in honour of the late Venezuelan Minister of …

  By Kadiri Abdulrahman Abuja, July 13, 2022 The Debt Management Office (DMO) says Nigeria does not face the risk of experiencing “debt distress” due to its 15.9 billion dollars Eurobonds. The News Agency of Nigeria (NAN) reports that the 15.9 billion dollars Eurobond is the foreign component of the …

Bayelsa State Government has called for better collaboration with The Shell Petroleum Development Company of Nigeria Limited (SPDC) to enable more investments in the state, and to give more value to people of Bayelsa. The state’s Deputy Governor, Lawrence Ewhrudjakpo, made the call during a business meeting with the management …

Benin City was the playground of a little girl, Isoken, who was the daughter of a medical doctor and a market trader. Let us rephrase that. Benin City was the workspace of a little girl who was born to a medical doctor – Dr. Efemwenkeankean Yellow Igbinigie and his wife …

JOHANNESBURG, South Africa, July 10, 2022 When German Chancellor Olaf Scholz arrived in Senegal on May 22, he made clear that his country views energy — and natural gas specifically — as an important component of future relations between Europe and Africa. Following a meeting with Senegalese President Macky Sall, …

Dangote Cement’s sales Director, Funmi Sanni has stated that the ongoing cement promo of the company is a way of giving back a whopping sum of N1 billion to its loyal customers. She said customers are kings and Queens and that the customers’ have done so much to ensure the …

The Ijaw National Congress (INC) has criticised the Federal Government’s defiance of a court order restraining it from issuing Petroleum Prospecting Licences in the Niger Delta pending determination of a suit by some Ijaw leaders. The Federal High Court in Yenagoa presided over by Justice Isa Dashen had granted an …

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the 36 state governors “over their failure to redirect public funds budgeted to pay ex-governors undeserved life pensions, to pay the counterpart funds that would allow poor children to enjoy access to quality basic education in their states.” Over …

JOHANNESBURG, South Africa African Export-Import Bank (Afreximbank) President Benedict Okey Oramah will receive the African Energy Chamber’s inaugural African Energy Person of the Year Award during African Energy Week (www.AECWeek.com) 2022 in Cape Town in October. The African Energy Person of the Year Award recognizes an individual who has been …

  By Chukwuemeka Opara Abakaliki, July 9, 2022 The Association of Master Bakers and Caterers of Nigeria (AMBCN), Ebonyi Chapter, says it will withdraw its services in the state from July 13 as directed by its national body. Mr. Felix Eze, Chairman of the association in Ebonyi disclosed this on …

By Chiazo Ogbolu Lagos, July 8, 2022 The Nigerian Ports Authority (NPA) on Friday said that 18 ships at the Lagos Ports were discharging petrol and other items. The NPA, in its daily Shipping Position, said that the ships were discharging bulk wheat, general cargo, frozen fish, container, bulk gypsum, …

By Fabian Ekeruche Lagos, July 7, 2022 The Managing Director, Chevron Nigeria Ltd., Mr. Richard Kennedy, says that human behaviour is critical to the preservation and conservation of the environment for a better future. Kennedy said this at the 20th edition of Chief Lawal Edu’s memorial lecture organised by the …

By Chimezie Anaso Awka, July 7, 2022 Gov. Chukwuma Soludo of Anambra has dismissed allegations of budget padding for some projects by margins as wide as 300 per cent in some ministries This is contained in a statement by his Press Secretary, Christian Aburime, on Thursday. Reacting to an article …

The Bayelsa State Government and representatives of a group of Biotechnological and Pharmaceutical Industries in Cuba (BioCubaFarma) have signed a multi-million-dollar Memorandum of Understanding (MoU) to establish Vaccines and pharmaceutical production with two production lines in Bayelsa state. A major part of the Trade and Cultural Mission led by the Bayelsa …

By Solomon Asowata Abuja, July 5, 2022 Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria’s gas crisis, especially with the lingering supply shortage and price increment. The stakeholders identified insecurity, naira depreciation and lack of a workable pricing template as some of the …

By Kadiri Abdulrahman Abuja, July 6, 2022 The Federal Government is set to generate about N720 billion in the third quarter of 2022 from FGN Bonds. This is according to “FGN Bond Issuance Calendar For Third Quarter, 2022” as released by the Debt Management Office (DMO). The calendar shows that …

By Chukwuemeka Opara Abakaliki, July 6, 2022 The Association of Master Bakers and Caterers of Nigeria (AMBCN), South East chapter will withdraw its services from July 13, as directed by its national body. The Zonal Chairman of the association, Chief Dominic Nwibe made this known in an interview with the …

Consumers of Dangote Cement Plc, a leading cement brand in Nigeria, stand the chance of winning over N1 billion cash prizes in the Dangote Bag of Goodies Season 3 promo, tagged ‘Spell Dangote and become a multi-millionaire.’ The promo, which was launched in Lagos yesterday in the presence of regulators …

By Kadiri Abdulrahman Abuja, July 5, 2022 The Debt Management Office (DMO) has listed N250 billion Sovereign Sukuk on the Nigerian Exchange (NSE) Limited and the FMDQ Securities Exchange. The News Agency of Nigeria (NAN) reports that the N250 billion Sovereign Sukuk was issued in December 2021. Proceeds from the …

By Kadiri Abdulrahman Abuja, July 4, 2022 The Debt Management Office (DMO) on Monday announced the listing of two FGN savings bonds for subscription for the month of July. It stated that the first is a two-year savings bond due on June 15, 2024, at an interest rate of 8.2 …