In what has been termed a major push for breaking the gender bias in Nigeria, leading financial institution, Fidelity Bank Plc, in partnership with media entrepreneur-Linda Ikeji- celebrated the 2022 International Women’s Day (IWD) with an impressive networking event specifically for women to inspire one another, discuss pertinent challenges they …
Read More »2021: Dangote increases sugar production by 9.2% to 811,962 tonnes
For the full year ended December 31, 3021, the Management of Dangote Sugar has revealed that the group’s production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes, in the corresponding period of 2020. This volume was said to be achieved on the strength of improved …
Read More »Int’l Women’s Day: TD Africa unveils seasoned Speakers, panelists for the HERWAKENING
As the March 8, 2022 anniversary of the globally celebrated International Women’s Day draws near, TD Africa, Sub-Saharan Africa leading distributor of tech, lifestyle and cutting-edge solutions, has unveiled a strong cast of seasoned keynote speakers and world class panelists for a women empowerment session scheduled to hold on the …
Read More »Fuel Scarcity: Minister pushes to overcome supply disruption
By Emmanuella Anokam Abuja, March43, 2022 The Minister of State, Petroleum Resources, Chief Timipre Sylva, says the Federal Government and regulatory authorities are making efforts to address fuel scarcity by ensuring that supply disruption is overcome. The minister made this known to newsmen on Thursday in Abuja after a meeting …
Read More »FG charges Dangote Cement tax of N173.93bn for 2021; paid N97.24 billion tax in 2020
Dangote Cement Plc has sustained its position as a leading contributor to Nigeria’s economy with a tax charge of N173.93 billion for the financial year ended 31st December 2021. According to the cement group’s audited results released on the portal of the Nigerian Exchange Ltd (NGX), the tax charge represents …
Read More »Fidelity Bank to celebrate International Women’s Day with community-driven proposition
In commemoration of the International Women’s Day 2022, foremost financial institution, Fidelity Bank Plc, has announced plans to celebrate leading women and female achievers at a networking event in partnership with media entrepreneur – Linda Ikeji – on Tuesday, 8 March 2022. Themed ‘Breaking the Bias’, this year’s International Women’s …
Read More »Nigeria targeting 1.4mbpd domestic refining capacity in 5 years – NCDMB boss, Simbi Wabote
By Solomon Asowata Abuja, March 2, 2022 Mr. Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), says Nigeria is targeting an increase in its domestic refining capacity to 1.4 million barrels per day within the next five years. Wabote made this known while delivering a keynote address …
Read More »Shell’s gas to power Nigeria’s biggest fertiliser company
Leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners – Nigerian National Petroleum Corporation Limited (NNPC), Totalenergies EP Nigeria Limited, and Nigerian Agip Oil Company (NAOC) – on Wednesday signed an agreement for a daily supply of 70 million standard cubic feet …
Read More »Dangote Cement’s commitment to climate change yields dividend …Proposes dividend of ₦20.00 per share
Dangote Cement’s commitment to environmental disclosures and sustainability is yielding the desired results with Carbon Disclosure Project (CDP) raising its rating from C to B-even as it proposes a dividend of N20 per share for the year ended December 31,2021. The CDP is an international non-profit organization based in the …
Read More »Zenith Bank announces N765.6bn gross earnings for 2021
By Lydia Ngwakwe Lagos, Feb. 28, 2022 Zenith Bank Plc has announced gross earnings of N765.6 billion as at Dec. 31, 2021 compared with N696.5 billion achieved in the corresponding period in 2020. In the banks audited financial results for 2021, presented to the Nigeria Exchange Group (NGX) on Monday, …
Read More »NLNG, Chevron, SNEPCo, NCDMB, others bag awards at 2022 NIES
By Solomon Asowata Abuja, Feb. 28, 2022 The Nigeria LNG Company Ltd. (NLNG) has won the 2021 Gas Infrastructure Project Company of the year award in the Nigeria oil and gas sector. The award was conferred on the company at the gala night of the fifth Nigeria International Energy Summit …
Read More »Nigerian Consulate in New York to issue passport with 10-year validity
By Cecilia Ologunagba New York, Feb. 27, 2022 The Consulate-General of Nigeria in New York has announced that the Consulate will start issuance of passports with 10 years validity to the country’s nationals. The Consul-General, Amb. Lot Egopija, who disclosed this at the Virtual 4th Town Hall for Nigerian nationals …
Read More »Catch all the amazing highlights from Fidelity Bank’s The Euphoria event
With spell binding musical performances from Johnny Drille, Chike and Fave as well as interesting games, The Euphoria lived up to its billing as a major A-class event in Nigeria’s entertainment schedule in 2022. Hosted by leading Nigerian bank, Fidelity Bank Plc in commemoration of the Valentine’s season on Saturday, …
Read More »Seplat acquires ExxonMobil’s shallow water assets in Nigeria – official
By Solomon Asowata Lagos, Feb. 25, 2022 Seplat Energy Plc, a leading Nigerian energy company, says it had entered into an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (“MPNU”) from ExxonMobil Corporation, Delaware, U.S. Seplat Energy made the announcement in a statement issued on Friday, …
Read More »Fidelity Bank restates support for CBN FX repatriation push, sensitizes customers in emerging opportunities in non-oil exports
Fidelity Bank Plc, a leading Nigerian bank, has reaffirmed its commitment to actively support the Central Bank of Nigeria’s (CBN) efforts to achieve its goal of $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years. The Executive Director, Northern Businesses, Fidelity Bank Plc, Hassan …
Read More »How CBN’s RT200 FX policy will achieve goals – Experts
By Lydia Ngwakwe Lagos, Feb. 22, 2022 Some experts on Tuesday said the Central Bank of Nigeria (CBN) must take proactive steps to make its RT200 FX programme achieve the desired results. The experts made the suggestions in separate interviews with the News Agency of Nigeria (NAN) in Lagos. Akpan …
Read More »Amaechi says Kano’ll host Nigeria’s biggest rail station
By Lucy Ogalue Abuja, Feb. 21, 2022 Minister of Transportation, Rotimi Amaechi, says Kano State will house the biggest rail station in the country. Amaechi stated this when a delegation from Kano State, led by Gov. Abdullahi Ganduje visited him in Abuja to discuss the rail and Inland Dry Port …
Read More »Soludo: Beyond Akwete By Joe C. Anatune
Akwete today is being popularised as a metaphor by Anambra State Governor – Elect, Cee Cee Soludo for the purchase and consumption of made in Anambra products and services. Already, the women of Akwete who under the inspiration of the pioneering works of Dada Nwakata, gave the world this …
Read More »Anambra owes LG retirees N14bn gratuities – NULGE; States expectations of incoming government
Mr Chikwelu Adigwe, Anambra State NULGE President By Lucy Osuizigbo-Okechukwu Awka, Feb. 20, 2022 The Anambra Chapter of the Nigerian Union of Local Government Employees (NULGE) says that the state government is owing its retirees over N14 billion outstanding gratuities. Mr. Chikwelu Adigwe, the state NULGE President, disclosed this to …
Read More »Content Board boss, Wabote, urges online publishers to assist weed out bad eggs in journalism
Lagos, Nigeria, 17 February 2022: The Executive Secretary of the Nigerian Content Development & Monitoring Board (NCDMB), Engr. Simbi K. Wabote, has urged the Guild of Corporate Online Publishers (GOCOP) to help the nation in weeding out bad eggs in the journalism profession. Speaking at a breakfast meeting with GOCOP members at …
Read More »Fidelity Bank set to Light up Lagos this weekend with The Euphoria
Lagos is set to host its first major concert of the year this weekend as leading financial institution, Fidelity Bank Plc, hosts The Euphoria concert featuring leading music acts, Johnny Drille, Chike and Fave. To be part of The Euphoria, intending guests must download the Fidelity Mobile Banking app while …
Read More »It’s time for a new economic deal between the EU and Africa By MUHAMMADU BUHARI
To mark the participation of Nigeria at the ongoing 6th EU-AFRICA summit in Brussels, Belgium, President Muhammadu Buhari today, Thursday penned an opinion article to coincide with the opening of the meeting in the Politico, an online/offline magazine which is the biggest/ most influential publication for the EU/ in Brussels. …
Read More »FEC approves $2.8m for Ibadan-Lagos, Port Harcourt-Maiduguri rail projects
By Ismaila Chafe Abuja, Feb. 16, 2022 The Federal Executive Council (FEC) has approved $2.8million for the procurement of rolling stocks operational maintenance equipment for Ibadan to Kano standard gauge and Port Harcourt to Maiduguri narrow gauge railway projects. The Minister of Transportation, Rotimi Amaechi, made the disclosure when he …
Read More »We’ll handle erring PMS suppliers, House C’ttee tells Nigerians …As NNPC CEO assures fuel queues will vanish in few days
The Chairman, House of Representatives Committee on Petroleum (Downstream), Hon. Abdullahi Mahmud Gaya has assured Nigerians that his Committee will handle companies who imported methanol-blended Premium Motor Spirit (PMS) into the country. The Chairman was responding to a question from one of the Committee members in that regard. Hon. Gaya, …
Read More »Senate begins move to amend 35-yr old Bank Employees Declaration of Assets Act
…wants bankers, stockbrokers, pension administrators to also declare assets The Senate on a Tuesday considered a bill seeking to amend the 35-year old Bank Employees Declaration of Assets (BEDA) Act 1986. “The Bill For An Act To Amend The Bank Employees (Declaration of Assets) Act CAP B1 Laws of The Federation …
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