– As Shippers’ Council calls for improved inter-agency synergy Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has stated that a sustained reduction in reported cases of piracy and other maritime crimes in Nigerian waters would end the regime of War Risk …
Read More »Zenith Bank’s profit grows by 2.6% in 6 months
By Itohan Abara-Laserian Lagos, Aug. 27, 2021 Zenith Bank Plc has posted a profit before tax (PBT) of N117.05 billion for six months as at June 30, against N114.12 billion achieved in the comparative period of 2020. This was stated in the company’s interim report signed by the Company Secretary, …
Read More »NNPC ₦287bn Profit: Kyari explains Facts behind the Figures …As Sylva, Board Members hail Corporation
Following the Presidential applause for the Nigerian National Petroleum Corporation (NNPC) on its posting of ₦287bn profit after tax in the 2020 financial year, the Group Managing Director, Mallam Mele Kyari, has given an insight into the measures adopted by his management to achieve the feat. Speaking at a press …
Read More »Audit report: N287bn profit huge, no losses declared – kyari
By Edith Ike-Eboh Abuja, Aug 26, 2021 The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) Malam Mele Kyari says that N287 billion profit after tax made by the corporation in 2020 was huge but not sufficient for the nation. Kyari disclosed this while briefing newsmen in …
Read More »President Buhari lauds GDP 5.01% growth in Q2 2021
President Buhari has welcomed Thursday’s Q2 2021 report by the Nigerian Bureau of Statistics (NBS), showing a third consecutive quarter of positive growth of Nigeria’s economy, as well as the highest quarterly growth in GDP since 2014. According to a statement by Femi Adesina, Special Adviser to the President (Media …
Read More »Zenith Bank launches ZIVA WhatsApp Banking
Nigeria’s leading financial institution, Zenith Bank Plc, has introduced an Artificial Intelligence (AI) powered Chatbot on WhatsApp named ZIVA (Zenith Intelligent Virtual Assistant), which enables customers to perform financial transactions and enjoy real-time customer service from their mobile phones. Customers can enrol by simply adding the bank’s verified WhatsApp mobile …
Read More »House of Reps to Kyari: “GMD you’ve made our day” …As Kyari clarifies projection for 2022-2024 revenue framework
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday received accolades from the House of Representatives Committee on Finance for providing detailed explanations on some burning Oil Industry issues at an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework …
Read More »Dangote to boost Engineering in Nigeria; Bags multiple Awards
The Dangote Group has bagged three awards given by the Nigerian Society of Engineers (NSE) in recognition of its outstanding contributions to the development of the engineering profession in the country. The awards were presented during the NSE Ikeja Branch’s dinner and awards ceremony organised as part of activities to …
Read More »Osinbajo inaugurates ultra-modern Anambra shoe cluster
By Francis Onyeukwu Oyi (Anambra), Aug. 24, 2021 Vice President Yemi Osinbajo on Tuesday inaugurated an ultra-modern industrial shoe-making hub equipped with the modern technology at Nkwelle Ezunaka Village in Anambra. In a speech at the event, Osinbajo described the complex as “one-stop-shop digital leather and industrial hub”. He said …
Read More »CBN’s Anchor Borrowers’ Programme and return of pyramids
By Kadiri Abdulrahman, News Agency of Nigeria(NAN) The Anchor Borrowers’ Programme (ABP) which was launched on November 17, 2015 was designed to provide farm inputs in cash and kind to Small Holder Farmers (SHFs). The programme was intended to create a linkage between Anchor Companies involved in food processing and …
Read More »MTN to invest N600bn in network infrastructure across Nigeria
Some of the car recipients at MTN @20 celebration in Lagos on Sunday Okuanwa Offiong Lagos, Aug. 22, 2021 MTN Nigeria Communications says it will invest more than N600bn in network infrastructure over the next three years to improve telecommunications services across the country. The Chairman of MTN Nigeria Communications, …
Read More »FirstBank boosts SMEs with N500,000 grant – official
By Chinyere Joel-Nwokeoma Lagos, Aug. 22, 2021 FirstBank of Nigeria Ltd on Sunday announced a N500,000 business grant to five Small and Medium Enterprises (SMEs), through its SMEConnect initiative aimed at boosting employment. Mrs Oludolapo Adigun, Group Head, Retail Banking, Lagos Mainland 1, FirstBank, listed the five beneficiary SMEs to …
Read More »Nestlé Empowering Rural Women in Nigeria
Nestlé Nigeria PLC has launched a project to Empower Rural Women in Nigeria to scale up their retail businesses through training, mentorship and grants in form of Nestlé products. With the launch of this new project, Nestlé’s aim is to make significant contributions to the wellbeing of Nigerians. In the …
Read More »Nestle restates commitment to youths training
By Jacinta Nwachukwu Abuja, Aug. 19, 2021 The Managing Director, Nestle Nigeria, Mr Wassim Elhusseini, on Thursday, restated the organisation’s commitment to training and equipping youths with employable technical skills. Elhusseini gave the assurance at the graduation ceremony of the 2019/2021 Batch two Technical Training Centre Students in Abaji. He …
Read More »Effedua in trouble? BPP begins forensic audit, as alleged procurement frauds rock Maritime Academy
Dennis Udoma, Uyo Worried by the alleged procurement frauds rocking the Maritime Academy of Nigeria (MAN), Oron, Akwa Ibom State, the Bureau of Public Procurement (BPP) has concluded plans to carry out a forensic investigation of the financial transactions of the institution. This followed petitions to the Economic and Financial …
Read More »Alleged fraud: Court okays CBN’s request to freeze accounts of coys
By Wandoo Sombo Abuja, Aug. 18, 2021 The Federal High Court, Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze the accounts of some companies allegedly involved in fraudulent financial activities. The request, granted by Justice Ahmed Mohammed, was filed by former Attorney-General of the …
Read More »New petroleum industry law is to attract investors – Minister
By Edith Ike-Eboh Abuja, Aug. 17, 2021 The Minister of State for Petroleum Resources, Chief Timipre Sylva, said that the philosophy behind the Petroleum Industry Bill (PIB) signed into law by the President was to attract investors. The minister disclosed this while responding to questions on the three per cent …
Read More »NNPC commits to supporting NLNG
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated the Corporation’s commitment to supporting the Nigeria Liquefied Natural Gas (NLNG) Limited towards achieving its goal of becoming a global LNG company of choice. Speaking as a Guest of Honour at the 2021 NLNG …
Read More »Deep Blue Project: NIMASA will ensure proper maintenance of assets – Jamoh
… As Airforce graduates Pilots, Special Forces for aerial assets manning Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has reiterated that assets under the Deep Blue Project will be given necessary attention in order to maintain them to serve their purpose of providing security …
Read More »SNEPCo, NNPC build paediatric ward, lab in Bauchi
The Jama’Are Local Government Area in Bauchi State, in the embattled North East of Nigeria, has taken delivery of a newly built and well-equipped 10-bedspace paediatrics ward, medical laboratory, with water facilities and water treatment plant powered by a 10 Kva solar system. The donation from Shell Nigeria Exploration and Production Company (SNEPCo), on behalf …
Read More »#FixPolitics flays incessant harassment of NIPC boss, Yewande Sadiku
The #FixPolitics Initiative has expressed concern over the continuous harassment of the Executive Secretary/Chief Executive Officer, Nigerian Investment Promotion Commission, Ms Yewande Sadiku, the recent being a probe by the Economic and Financial Crimes Commission. A statement issued on Friday by the Spokesperson for #FixPolitics, Mr Ozioma Ubabukoh, condemned the …
Read More »Nigeria’s economy on right track, says CBN
By Lydia Ngwakwe Lagos, Aug. 13, 2021 Dr Hassan Mahmud, Director, Monetary Policy Department of the Central Bank of Nigeria (CBN) has said that there were positive sides to Nigeria’s economic growth, despite uncertainties in the domestic and global economy. Mahmud said this at the Mid-year Economic Review and Outlook …
Read More »DiamondXtra Season 13: Access Bank rewards customers with N600m
By Chinyere Joel-Nwokeoma Lagos, Aug. 12, 2021 Access Bank Plc on Thursday unveiled DiamondXtra Season 13 savings promo to reward loyal customers with N600 million. The bank’s Executive Director, Retail Banking, Mr Victor Etuokwu, said at the launch in Lagos that the initiative was instituted to enhance savings culture and …
Read More »NRC postpones Lagos-Kano train service
By Aisha Cole Lagos, Aug. 12, 2021 The Nigerian Railway Corporation (NRC) on Thursday announced the postponement of the Lagos-Kano train service earlier scheduled to resume on Aug. 13 due to a damaged rail track. Mr Fidet Okhiria, Managing Director, NRC, said this in a statement made available to the …
Read More »CBN releases guidelines for regulation, supervision of CGCs
By Kadiri Abdulrahman Abuja, Aug. 10, 2021 The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Regulation Department, addressed to Commercial Banks, Other Financial Institutions …
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