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Dismantle all obstacles to full implementation of AfCFTA – Africa Economic Summit 2024

Dismantle all obstacles to full implementation of AfCFTA – Africa Economic Summit 2024 Participants at the 3rd Africa Economic Summit have called for the immediate dismantling of all obstacles to the full consummation of the African Continental Free Trade Agreement (AfCFTA) and the embracing of all the protocols of the …

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Alleged inflated subsidy claims are ridiculous, false – NNPC Ltd  

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed as ridiculous and false reports that it inflated subsidy claims by N3.3trillion. In a statement by Olufemi O. Soneye, its Chief Corporate Communications Officer, NNPC Ltd. said it “conducts its businesses accountably and transparently in keeping with international best practices …

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Japan Govt. inspects Honda headquarters over vehicle test fraud

Tokyo, June 10, 2024 Japan’s transport ministry has inspected  Honda Motor Co.’s headquarters in Tokyo after the company and other automakers admitted to carrying out improper tests for vehicle certifications required for mass production. According to local media reports, after the inspections, the Ministry will decide whether to impose administrative …

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Minister hails NCDMB, Nedogas strategic partnership; Lists benefits of Gas Gathering Facility

Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has commended the Nigerian Content Development and Monitoring Board (NCDMB) and Nedogas Development Company Limited for initiating and successfully executing the 300 million standard cubic feet (MMscf) Kwale Gas Gathering (KGG) Facility and Nedogas Plant in Umusam community, Delta …

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UN General Assembly President, Mr. Dennis Francis, to attend Water Conference in Dushanbe, Tajikistan

New York, 7 June 2024 The President of the United Nations General Assembly (PGA), His Excellency, Mr. Dennis Francis, will travel from 9 to 11 June to Dushanbe, Tajikistan, to attend the Third High-Level International Conference on International Decade for Action, 2018-2028. The Conference will take place from the 10 …

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Zenith Bank emerges Most Sustainable Bank in Nigeria in the International Banker Awards 2024 for second consecutive year  

Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year. Commenting on the award, the Group Managing Director/Chief Executive Officer of Zenith Bank, Dame (Dr.) Adaora Umeoji, OON, said: “We are deeply honoured to …

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Aliko Dangote’s noble quest for Africa’s self-sufficiency and prosperity By Abiodun Alade

Africa is a resource-rich continent but relatively poor in terms of manufacturing goods. According to the 2023 African Trade Report by the African Export-Import Bank (Afreximbank), the 54 countries of Africa combined accounted for only about 2.9 per cent of global trade in 2022, slightly up from 2.7 per cent …

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Fidelity Bank gets Highest Corporate Governance Rating on Stock Market

Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial bank adheres promptly to all full disclosure requirements and global best practices. Fidelity Bank is awarded CG+, the highest rank under the Corporate Governance Rating System (CGRS), which screens quoted companies against prescribed best practices and …

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Minister, Doris Anite, says N200bn Presidential palliative programme will support businesses in Nigeria

By Okeoghene Akubuike Abuja, May 28, 2024 Dr Doris Anite, Minister, Industry, Trade, and Investment(FMITI),  says President Bola Tinubu Administration’s N200 billion Presidential Palliative Programme will support businesses in Nigeria. Anite said this during her presentation at the Ministerial Sectoral News Conference in commemoration of President Bola Tinubu’s first anniversary …

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Promise fulfilled: UBA shareholders commend 2023 superlative performance, dividend payout

….Shareholders give approval to recapitalise as directed by Regulators ….UBA pays total dividend of N95.8bn, translating to N2.80 per share in 2023. Shareholders of Africa’s Global Bank, United Bank for Africa (UBA) Plc, have praised the board, management and staff of the Bank on the impressive performance recorded over the …

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Oworonshoki-Apapa Expressway: Tinubu commends Dangote, describes project 10th Wonder of the World

.…We consider this project CSR – Dangote President Bola Ahmed Tinubu has described the newly commissioned Oworonshoki-Apapa Expressway as the Tenth Wonder of the World. This is just as he commended the President of Dangote Industries Limited, Alhaji Aliko Dangote, for his selflessness in actualising the project. President Tinubu, represented …

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Benin Rep. joins 16 other countries to accede to establishment agreement for Afreximbank’s FEDA

KIGALI , Rwanda, May 24, 2024 The Republic of Benin has become the latest African nation to accede to the Fund for Export Development in Africa (FEDA), the impact investment subsidiary of African Export-Import Bank (Afreximbank) (https://www.Afreximbank.com/). With Benin’s accession to the FEDA Establishment Agreement, the total number of participating …

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NASCON grows turnover by 37%: Assures Shareholders of continuous growth, value creation

NASCON Allied Industries Plc has assured its shareholders of continuous growth and value creation in 2024. The Company gave the assurance at its 2023 Annual General Meeting held yesterday in Lagos. Speaking to shareholders, the Chairperson of NASCON, Yemisi Ayeni said “amidst the challenges in 2023, the Company achieved commendable …

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Chevron Nigeria Limited reiterates commitment to the environmental stewardship

Lagos, Nigeria. May 23, 2024: Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL -NNPCL/CNL JV- has said that it is aware of media reports falsely associating CNL to environmental degradation, stressing that it reaffirms its commitment to environmental stewardship …

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Tinubu, Adesina, Obi, Ovia, Olaoye, others speak at Nigerian American Business Forum Confab in USA

Nigeria’s President Bola Tinubu, African Development Bank (AfDB) President, Dr. Akinwunmi Adesina, Presidential Candidate of Labour Party (LP) in the 2023 elections, Mr. Peter Obi, Founder/Chairman, Zenith Bank Plc, Dr. Jim Ovia, and Soun of Ogbomosoland, HRH Oba Afolabi Ghandi Olaoye are among dignitaries listed to speak at the Nigerian-American …

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