Business and Economy

The Nigerian Content Development and Monitoring Board (NCDMB) says it has brown Nigerian Content in the oil and gas sector to 42 per cent. Mr. Simbi Wabote, Executive Secretary of NCDMB gave the update on Wednesday while speaking at a Local Content workshop for the judiciary in Bayelsa. The theme …

By Stellamaris Ashinze/Okuawan Offiong   Lagos, April 27, 2022 MTN Nigeria and Pan-Atlantic University (PAU) on Wednesday announced the launch of the MTN Media Innovation Programme (MTN MIP) to be run by PAU’s School of Media and Communication (SMC). The Chief Executive Officer of MTN Nigeria, Mr. Karl Toriola, said …

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Magazine’s Best Banks Awards 2022, retaining the award for a third consecutive year. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 29th Annual Best …

President Muhammadu Buhari has commended the Africa Development Bank (AfDB) for planning ahead of whatever negative consequences may come from the Russia-Ukraine war in terms of food security.The President spoke Tuesday at State House, Abuja, during an audience with the AfDB President, Dr Akinwumi Adesina, who briefed him on steps …

  By Kadiri Abdulrahman Abuja, April 23, 2022 The Debt Management Office (DMO) has offered three new Federal Government of Nigeria (FGN) bonds valued at N225 billion for subscription through auction in April. They are a N75 billion FGN bond at 13.5 per cent interest rate, due in March 2025 (10 …

  Consul General of Nigeria in New York, Amb. Lot Egopija,   By Cecilia Ologunagba New York, April 21, 2022 The Consul General of Nigeria in New York, Amb. Lot Egopija, has urged foreign investors to utilise the investment opportunities in Nigeria by investing in bee farming. Egopija made the …

By Cecilia Ologunagba New York, April 20, 2022 UN Deputy Secretary-General, Amina Mohammed, has departed New York to attend the 2022 Spring Meetings. UN Spokesperson, Mr Stéphane Dujarric, disclosed this at a news conference on Wednesday at the UN headquarters. “Amina Mohammed, the Deputy Secretary-General, left for Washington, D.C., this …

Mr. Victor Ekpenyong, an Oil Services expert has advocated a boost in oil production ahead of the 2060 energy transition date set by the federal government for net zero emission. Ekpenyong, CEO of Kenyon International West Africa made the call at the just concluded Oloibiri Lecture Series and Energy Forum …

The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami remains a man who divides opinions. However, in spite of the differing opinions, everyone will agree that the AGF has done a sound job in defending Nigeria and staying true to the course of justice in his …

By Fabian Ekeruche/07031677844 Lagos, April 14, 2022 Popular music star, Oluwatosin Ajibada, popularly known as Mr Eazi, has made known why he has chosen Rwanda as the next investment destination for his businesses. Eazi made the disclosure in a statement made available to newsmen on Thursday in Lagos. According to …

NNPC GMD, Mele Kyari, Board Chairman, Sen. Margery Okadigbo and other officials at AKK gas pipeline project inspection in Abaji   Project By Emmanuella Anokam Abaji, FCT, April 14, 2022 The Nigerian National Petroleum Company Ltd. (NNPC) says the ongoing Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will be completed by the …

By Chiazo Ogbolu Lagos, April 14, 2022 The Nigerian Ports Authority (NPA) on Thursday said that 26 ships had arrived the Lagos Port Complex and was discharging petrol and others. The NPA in its daily Shipping Position said that the ships were discharging bulk wheat, general cargo, container, frozen fish, …

By Chijioke Okoronkwo Abuja, April 13, 2022 Vice President Yemi Osinbajo says a just transition to emissions reductions will mean more energy for Africa and must include ending global energy poverty. Osinbajo’s spokesman, Laolu Akande, in a statement on Wednesday in Abuja, said the vice president spoke at a virtual …

***Wants benchmark increased to $73 per barrel, subsidy raised to N4trn   ***Demands additional N182.45bn for Police   The Senate, on Tuesday, received a request from President Muhammadu Buhari to approve adjustments to the 2022 fiscal framework. The request was contained in a letter dated 5th April, 2022. The letter was read …

By Emmanuel Oloniruha Abuja, April 11, 2022 A support group, Emefiele Mobilization Team (EMT) says the Governor of the Central Bank of Nigeria (CBN), Dr Godwin Emefiele remains focused on delivering on his mandate as governor of the apex bank. The group stated this in statement by its spokesperson, Bashir …

By Lydia Ngwakwe Lagos, April 9, 2022 The Chartered Institute of Bankers of Nigeria (CIBN) on Saturday elected Dr Kenneth Opara as the 22nd President/Chairman of Council of the institute. Opara, who was elected alongside seven other members during the institute’s 2022 Annual General Meeting (AGM) in Lagos, would run …

By Lydia Ngwakwe Lagos, April 8, 2022 The Central Bank of Nigeria of Nigeria (CBN) said it would begin payment of N65 rebate to exporters who sold their goods through the importers and exporters (I&E) window, at the end of the first quarter. CBN Governor, Godwin Emefiele, said this shortly …

By Lydia Ngwakwe/Wunmi Ashafa Lagos, April 7, 2022 United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustain its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the Transcorp Hilton …

Shareholders of Zenith Bank Plc,at the 31st Annual General Meeting (AGM) of the bank held on Wednesday, April 6, 2022, at the Civic Centre, Victoria Island, Lagos, unanimously approved the proposed final dividend, expressing delight at the final dividend payment of NGN2.80 per share which brings the total dividend for …

By Emmanuel Oloniruha Abuja, April 6, 2022 Former Governor of Anambra State, Peter Obi, says Nigeria now needs wealth creators, not wealth sharers. Obi spoke with newsmen shortly after briefing the National Working Committee (NWC) of the Peoples Democratic Party (PDP) on his 2023 presidential ambition, on Wednesday in Abuja. …

By Leonard Okachie Umuahia, April 5, 2022 Many telecommunication subscribers in Umuahia Tuesday besieged the offices of service providers, following the barring of their lines. A cross-section of them expressed displeasure over the development in separate interviews with the News Agency of Nigeria (NAN). The Federal Government had directed telecom …

The Federal Government has directed telecommunication companies in Nigeria to bar all outgoing calls on telephone lines that are not linked to National Identity Numbers (NIN) from Monday, April 4, 2022. Unlinked lines are Subscriber Identity Modules (SIMs) not yet registered and linked with the NIN of phone users. The …

Lagos, April 1, 2022 Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPC) and CNL (“NNPC/CNL JV”), and Star Deep Water Petroleum Limited (“STAR”), a Chevron company and operator of the Agbami field, have both been honoured by the Federal Inland Revenue …

By Emmanuella Anokam Abuja, April 1, 2022 The Nigeria Content Development and Monitoring Board (NCDMB) has identified divestment from hydrocarbons assets and energy shortage as two implications of energy transition with different impacts on the oil and gas industry. Mr Simbi Wabote, Executive Secretary, NCDMB, said this on Thursday in …

By Kadiri Abdulrahman Abuja, March 31, 2022 The Debt Management Office (DMO) will hold its second Federal Government of Nigeria (FGN) Securities Awareness Programme on Thursday in Enugu. A statement by the Director-General of the DMO, Patience Oniha, said that the programme was in collaboration with CSL Stockbrokers Limited, which …