Business and Economy

•Says Lagos needs N7tn to meet infrastructure challenges •LASG seeks collaboration with private sector Lagos State Governor, Mr. Babajide Sanwo-Olu on Friday assured the business community that his administration will not allow disruption of businesses in the State. Governor Sanwo-Olu gave the assurance during the 2023 Lagos Corporate Assembly, a …

…. Knocks N35.961b for Tinubu/Shettima office renovation, aides’ trips. In continuation of his reactions to the 2024 federal government’s budget proposal which he promised to dissect fully, the Presidential Candidate of the Labour Party in the February 25, 2023 general election, Mr. Peter Obi says that snippets of the budget …

Lagos, Nigeria: November 8, 2023 Polaris Bank, Nigeria’s leading digital retail Bank has pledged to support the development of high-impact sectors including road infrastructure, housing, education, healthcare and agro processing in Ogun State. The Managing Director/CEO of Polaris Bank, Mr. Adekunle Sonola, stated this while speaking with journalists after he …

06th December 2023 Port Harcourt, Nigeria The Nigeria Employers’ Consultative Association (NECA) has conferred Nigeria LNG Limited (NLNG) the Investment in Societal Renewal and Corporate Social Responsibility (CSR) Award, recognising the Company’s unparalleled commitment to CSR initiatives in Nigeria. At the 3rd Annual NECA Employers’ Awards held in Lagos recently, …

NNPC Ltd. has expressed its commitment to work with global partners in the march towards reducing methane emissions in oil and gas operations.  On the sidelines of the ongoing United Nations Climate Change Conference, also known as COP28, taking place in Dubai, the United Arab Emirates, the Oil and Gas …

Director-General of the DMO,  Patience Oniha By Kadiri Abdulrahman Abuja, Dec. 5, 2023 The Debt Management Office (DMO), on Tuesday announced the offer for subscription of four Federal Government of Nigeria (FGN) bonds valued at N360 billion through auction. According to a statement issued by the DMO, the first offer …

By Kadiri Abdulrahman Abuja,, Dec. 3,.2023 The Federal Inland Revenue Service (FIRS), has approved amnesty on penalties and interests for outstanding tax liabilities. The Chairman of FIRS, Zacch Adedeji, said this in a statement on Sunday in Abuja. The News Agency of Nigeria (NAN) reports that the FIRS imposes sanctions …

By Fortune Abang Abuja, Dec. 3, 2023 The U.S. says it is set to invest $600 million in private investments and infrastructure in Africa as partnership towards deepening global alliance. David Greene, Chargé d’Affaires of the U.S. Embassy in Nigeria, disclosed this to the News Agency of Nigeria (NAN) on …

It was Albert Einstein that once said that “setting an example is not the main means of influencing another, it is the only means.” That sentiment expressed by Einstein is the primary essence behind the theory of transformational leadership, which requires passion, charisma, and the ability to motivate others. Transformational leaders are …

Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to promote efforts and activities that support the formation, training, and updating of human capital in finance and investment for the overall development of the Nigerian financial services sector. The MoU, was signed …

The Central Bank of Nigeria (CBN) has directed all its branches across the country to continue to issue and accept all denominations of Nigerian banknotes, old and re-redesigned, to and from deposit money banks (DMBs). This, according to a statement by Sidi Ali, Hakama (Mrs.), the Bank’s Ag. Director, Corporate …

The Central Bank of Nigeria (CBN) has appointed a professional Public Relations practitioner, Mrs. Hakama Sidi Ali, as its new Acting Director of Corporate Communications. Mrs. Ali is a recognised member of the Nigeria Institute of Public Relations (NIPR), who served as Deputy Director in the same Department at the …

By Okeoghene Akubuike Abuja, Nov. 29, 2023 Afreximbank says about 43.7 billion dollars worth of trade and investment deals were sealed at the just concluded Intra-African Trade Fair (IATF2023) held in Egypt. Kanayo Awani, Intra-African Trade Bank, Afreximbank Executive Vice-President, said this at the Post-Event Virtual News Conference held in …

…as Nigeria sets to sign MoU with Saudi Arabia The minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, continued bilateral discussions with ministers and representatives from the Kingdom of Saudi Arabia, Bangladesh, Brazil and Jamaica, expressing Nigeria’s government interest in learning from their knowledge and experiences. This was …

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh OFR has arrived London as part of Nigeria’s delegation to the 33rd session of the International Maritime Organisation (IMO) General Assembly. A statement by Osagie Edward, Assistant Director, Public Relations, NIMASA, said that the Honorable Minister of …

The Member-States of the United Nations General Assembly (UNGA) have voted with a majority of 125 in favor of adopting a Convention on International Tax Cooperation. The resolution A/C.2/78/L.18/Rev.1, tabled by the African Group (AG) under the title: “Promotion of inclusive and effective international tax cooperation at the United Nations”, …

In a splendid display, Zenith Bank heralded the Christmas and Yuletide seasons with the Light-Up of Ajose Adeogun Street and Roundabout, Victoria Island, Lagos, on Saturday, 25 November 2023. The Light-Up ceremony was performed by the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu. This year’s Light Up …

Lagos, Nigeria  TD Africa, the leading distributor of cutting-edge technology and lifestyle products in Sub-Saharan Africa, is poised to host the highly awaited return of “Celebrating You,” a landmark year-end event that stands as the apex of Nigeria’s flourishing technology landscape. Scheduled for December 3, 2023, at the prestigious Konga …

By Nathan Nwakamma Yenagoa, Nov. 25, 2023 The National Oil Spills Detection and Response Agency (NOSDRA) says it deployed an aircraft and five vessels to contain the oil leakage from Egina facility operated by TotalEnergies. According to the spills agency, the response aircraft and vessels were used to apply dispersants …

By Lydia Ngwkawe Lagos, Nov. 25, 2023 The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs). Mr. Olayemi Cardoso, the CBN Governor, announced this at the 58th Annual Bankers’ Dinner organised by the Chartered Institute …

You have no choice but to perform – Oyetola We will not fail – Jamoh The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr Bashir Jamoh OFR, has signed a performance bond for Ministerial Deliverables from 2023-2027 with the Ministry of Marine and Blue Economy. The …

By Kingsley Okoye Abuja.Nov.21,2023 The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Alhaji Mele Kyari has assured that in three months the country would not experience fuel queues. Kyari said this when he paid a courtesy visit to the leadership of the Senate. He said that …

The Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has commended Waltersmith Group and the Nigerian Content Development and Monitoring Board (NCDMB) for supporting the Federal Government agenda of improving domestic refining capacity. Speaking on Tuesday during a facility tour of Waltersmith Petroman Oil Limited, Ibigwe, Ohaji-Egbema Local Government …

Lagos, Nigeria Luxembourg based Universal Green Energy Access Programme (UGEAP), and Union Bank of Nigeria have formalised the basis for a strategic partnership to catalyse the development of the renewable energy market in Nigeria. This collaboration, marked initially by a Memorandum of Understanding (MoU), aims to drive sustainable energy access …

Sterling Bank Limited, Nigeria’s leading financial institution, has again emerged as the 2022 Overall Best Workplace in Nigeria in the large corporate category awards organised by the Great Place to Work (GPTW). Since 2020, the Bank has continued to win the overall best workplace award of the GPTW. According to …