Business and Economy

‘‘For me to be selected as the rightful winner of this Rolls Royce promo, God will replenish whatsoever Konga Travel has lavished on me. My feet are blessed and as I have stepped into that Rolls Royce, the company will be glorified by God. The kind of treatment I received …

By Edith Ike-Eboh Abuja, Feb. 17, 2020 The Nigerian National Petroleum Corporation (NNPC) and its Joint Venture Partners have disbursed 360 million dollars toward the Ogoniland Clean-Up project as recommended by the United Nations Environment Programme (UNEP). The Joint Venture (JV) Partners are Shell Petroleum Development Company (SPDC), Total Exploration …

Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal Government to “disclose within 7 days of the receipt and/or publication of our Freedom of Information requests the exact amount of public funds stolen by a former military head of state, Sani Abacha and details of spending of about $5 …

By Emmanuel Afonne Abuja, Feb. 15, 2020 Nestlé Nigeria PLC says it will continuously drive product availability in the marketplace with speed to ensure it remained at the forefront of supporting the growth of the Nigerian economy through its local sourcing and supplier development initiatives. Mrs Victoria Uwadoka, Corporate Communications …

By Harrison Arubu United Nations, Feb. 12, 2020 President of the United Nations General Assembly, Amb. Tijani Muhammad-Bande, on Wednesday called for inclusive agricultural policies to boost the fight against poverty and hunger. He made the call during an interactive dialogue on “Targeting Hunger: South-South and Triangular Cooperation for Transforming …

A World Bank-backed panel discussion on “Nigeria’s digital transformation journey: what will it take?” will be holding on Wednesday, February 12, 2020 from 10.30 am to 12 pm ET MC 4-800. All are expected to join the high-level conversation on twitter at #NigeriaOnTheMove. The discussion will feature Denise Williams, President …

Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5 million seed capital to the AfDB-sponsored beneficiaries of the 2019 TEF Entrepreneurship Programme. $2.5m was released with the remainder expected to be disbursed to …

Nigeria’s leading financial institution, Zenith Bank Plc has introduced a new product, Z-Woman, which is focused on empowering female business owners. Z-Woman account holders stand a chance to enjoy loans of up to N10 million at a single-digit interest rate, free digital skills training, and free exhibition stands at Zenith …

By Mustapha Sumaila Abuja, Feb. 8, 2020 The Central Bank of Nigeria (CBN) has injected the sum of 218.41 million dollars into the retail Secondary Market Intervention Sales (SMIS). The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement in Abuja on Friday. Okorafor said …

The Management of e-commerce giant, Konga, has underlined its determination to continually take the lead in elevating standards, improving customer satisfaction and deepening the growth of the Nigerian e-commerce sector. Making the assertion was Co-Chief Executive Officer, Konga Group, Nick Imudia. Equally important, Imudia was reacting to the recent inclusion …

By Ismaila Chafe Abuja, Feb. 3, 2020 The Presidency says the stage is set for a new trade regime between the UK and its old partners as well as an alignment with new trading partners following the exit of the United Kingdom from the European Union. Malam Garba Shehu, the …

  A News Analysis by Peter Ejiofor, News Agency of Nigeria (NAN) The quest by Nestle Nigeria Plc to continue to ensure good nutrition for Nigerians and indeed the West Africa sub-region has seen it engaging the Federal Government in a collaboration that will boost agriculture and enhance quality of …

By Yemi Adeleye Lagos, Feb. 1, 2020 Some operators of commercial motorcycles (Okada) and tricycles `Keke’ NAPEP in Lagos said that the ban on their operations by Gov. Babajide Sanwo-Olu would deprive them of their daily bread. The operators said this while speaking with the  News Agency of Nigeria (NAN) …

Despite the significant upheavals in the Nigerian e-commerce sector amid a series of potential investor apathy-inducing developments in 2019; the industry had a shining light in the activities of a local player, Konga. Co-Chief Executive Officer, Prince Nnamdi Ekeh disclosed that Konga went a long way in restoring investor and …

Ekiti state government has disclosed plans to domesticate the Federal Government’s zero oil strategy for total diversification of the economy in its drive to reposition the state’s finances.  The Commissioner for Budget and Economic Planning, Mr Femi Ajayi, disclosed this during the presentation of the detailed analysis of the 2020 …

In a bid to make Nigeria self-sufficient in tomato production, Dangote Tomatoes Processing Limited, owned by the younger brother of Africa’s richest man, Sani Dangote, has unveiled a N2.8 billion greenhouse nursery in Kano to supply the best quality tomato seedlings to Nigerian farmers. Speaking on the project, Sani Dangote said the …

  Nigeria’s leading financial institution, Zenith Bank Plc, has reaffirmed its commitment to support local Small and Medium Scale Enterprises (SMEs) with the introduction of the ‘Zenith Bank SME Digital Workshop’ to provide free digital training for business owners. The initiative, which is being organized in partnership with social media …

By Tukur Muntari Kano, Jan. 27, 2020 Alhaji Abdulkarim Kaita, the Managing Director of Dangote Tomato Processing Company, has called for effective surveillance at the nation’s sea ports to check importation of tomato paste by unpatriotic Nigerians. He told the News Agency of Nigeria (NAN) in Kano on Monday that …

The Acting Managing Director of the Niger Delta Development Commission (NDDC), Dr. Joi Nunieh has ordered the Directorate of Planning, Research and Statistics to treat budgetary implementation requests (Recurrent and Capital) from the various Directorates, Departments, Units and State Offices for the year 2020. “The Directorate of Planning, Research and …

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court, Abuja to order President Muhammadu Buhari, Vice-President Professor Yemi Osinbajo, 36 state governors and their deputies to “make public details of their assets, specifically property and income, contained in their asset declaration forms submitted to the …

By Yusuf Yunus Ikeja, Jan. 24, 2020 The Chairman of Air Peace, Mr Allen Onyema, on Friday called on Nigerians to be more patriotic and promote indigenous airlines operating in the country. Onyema made the call at an interactive session with the media in Lagos, saying that the move would …

Four days after the last inspection tour of the Lagos-Ibadan Railway Project, where the Hon. Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi expressed displeasure over the slow pace of work in which he mounted pressure  on the contractors (CCECC) to speed up the level of work, the Minister  has …

Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi has announced that Ship owners will now benefit directly from the Two hundred million dollars Cabotage Vessel Financing Fund (CVFF). A committee chaired by the Director General, Nigerian Institute of Maritime Safety and Administration NIMASA, Dr. Dakuku Adol Peterside has also been …

In a bid to ascertain the level of commitment by staff of his ministry, Minister of Transportation,  Rt  Hon. Chibuike Rotimi Amaechi  paid a surprise visit to staff in their different offices. Amaechi was seen on Wednesday at about 3pm, going round the offices, interacting closely with few of the …

By Mustapha Sumaila Abuja, Jan. 22, 2020 The Debt Management Office (DMO) of Nigeria has offered N155.00 Billion of three Instruments 5-Year, 10-Year and 30-Year Tenors to investors at its auction. The DMO made this known in a statement in Abuja on Wednesday. It explained that the subscriptions received through …