Business and Economy

The 2022 Biennial Conference of The Chartered Institute of Bankers of Nigeria (CIBN), United Staes of America (USA) Branch will hold on Saturday, August 20, 2022. The program, which will feature high profile national and international players in the Banking and Investment sectors, is being organized in collaboration with the …

Mrs. Patience Oniha, Director-General, DMO By Kadiri Abdulrahman Abuja, Aug. 12, 2022 The Debt Management Office (DMO) has announced the listing of three Federal Government of Nigeria bonds valued at N225 billion for subscription via auction at N1,000 per unit. The DMO made the announcement in a statement issued on …

By Solomon Asowata Lagos, Aug. 11, 2022 The Nigeria Liquefied Natural Gas Ltd. (NLNG) has denied the allegation that the company was involved in illegal exportation of LNG or any of its products outside the country. Mr. Andy Odeh, the General Manager, External Relations and Sustainable Development, NLNG, issued the …

The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has called for collaborative measures by relevant stakeholders as a way of militating against bank failure in the country. Bawa said forensic analysis of the annual reports, bank statements and other financial documents of some of the failed …

By Okeoghene Akubuike Abuja, Aug. 10, 2022 The African Export-Import Bank (Afreximbank) and the SADC Business Council (SADC BC) have inaugurated the SADC – Africa Trade and Investment Marketplace aimed at promoting regional trade. This is contained in a statement issued by Afreximbank’s Media Contact, Amadou Sall in Abuja on …

Rome is burning, and Emperor Nero and Roman elites are busy revelling in gladiator rendezvous and despicable hocus-pocus with the empire’s future. The leadership in Nigeria is playing Nero, and the Nigerian elites are side-tracked by the macabre dance of preparing for the next elections. Whilst neglecting the harsh truth …

The federal government, security agencies, Nigeria National Petroleum Company (NNPC) Limited are partnering with Governor Hope Uzodimma and oil producing communities in Imo State to ensure that the fight against pipeline vandalism and oil theft in the State is sustained. Speaking at the Stakeholders meeting held at the New Executive …

The Cydene Express Mobile App was launched at Fourpoints by Sheraton Hotel, Victoria Island, Lagos, Nigeria on August 3, 2022. The impressive and impactful ceremony had distinguished business leaders as well as other major stakeholders across sectors in attendance. The young Founder and Chief Executive Officer (CEO) of Cydene Energy …

DFC CEO Scott Nathan and Access Bank Managing Director Roosevelt Ogbonna sign commitment letter in a ceremony during CEO Nathan’s visit to West Africa U.S. International Development Finance Corporation (DFC) CEO Scott Nathan today signed a commitment letter for $280 million in financing for Access Bank Plc in Nigeria alongside …

    By Ibiyemi Mathew Cydene Energy has launched an app that will boost the adoption of Liquified Petroleum Gas (LPG) across households in Nigeria. Delivering a welcome address at the product launch of the Cydene Express Mobile App in Lagos, Mr. Skalid Ugo Obi, Founder/CEO, Cydene Energy Services Ltd., …

By Lydia Ngwakwe Lagos, Aug. 5, 2022 The First Bank of Nigeria Ltd. has rewarded the grand prize winner of its Verve Card campaign, Mr. Olakunle Animasaun, the Chairman of Kanwl International Ltd., with a brand-new car. The 14-week promo in partnership with Verve was designed to reward Verve Card …

President Muhammadu Buhari Thursday in Abuja declared that the rapid integration of solar power into the country’s energy mix will lead to an increase in electricity access to underserved and unserved communities. Receiving a delegation of SUN Africa LLC, USA, the President said this administration has embarked on several reforms …

Mr. Skalid Obi, Chief Executive Officer of Cydene Energy Services By Stellamaris Ashinze Lagos, Aug. 3, 2022 The Group Managing Director of Access Bank Plc., Mr. Roosevelt Ogbonna, has enjoined corporate entities to embrace technology, to stay afloat in the increasingly competitive marketplace. Delivering a keynote address at the unveiling …

The Ebonyi State League of Professionals (EBLOP) has charged Governor David Umahi to ensure that he is well guided in his effort to ensure that the state fills the vacant position of Secretary of Revenue Mobilisation and Fiscal Allocation Commission (RMFAC). The group regretted that the governor had to send …

 ….. We are committed to welfare of all NSDP beneficiaries – The Nigerian Maritime Administration and Safety Agency, NIMASA, is currently reviewing the cost of direct sponsorship of Nigerian cadets undergoing foreign training under the Nigerian Seafarers Development Programme (NSDP). The Director General of NIMASA Dr Bashir Jamoh noted that …

A software developer, Mr. Skalid Ugo Obi, has unveiled an App known as “Cydene Express’’, to help Nigerians make efficient use of household utilities. The app will be launched tomorrow, Wednesday, August 3, 2022 at Fourpoints by Sheraton Hotel, Victoria Island, Lagos. Obi is the founder and Chief Executive Officer …

DMO Director-General, Patience Oniha   By Kadiri Abdulrahman Abuja, Aug. 1, 2022 The Debt Management Office (DMO) has announced two additional Federal Government of Nigeria (FGN) savings bonds for offer for the month of August, at N1,000 per unit. It stated on Monday in Abuja that the first offer is …

…Revenue grows by 17% to N808 billion In a bid to ensure that Cement becomes available in all African countries, Chief Executive Officer of Dangote Cement, Michel Puchercos, has revealed that his company is ramping up production in its Okpella plant, Nigeria and progressing well to deploy grinding plants in …

The Nigerian Maritime Administration and Safety Agency (NIMASA) has signed a Memorandum of Understanding (MoU) with the National Institute of Transport Technology (NITT), Zaria, on research and training towards enhancing maritime safety and security in Nigeria. The Director General NIMASA, Dr Bashir Jamoh, and his counterpart at the NITT, Dr. …

Chevron Nigeria Limited (CNL), operator of the Nigeria National Petroleum Corporation (NNPC)/CNL Joint Venture, has dismissed as fake and fraudulent, recruitment information circulating in several media and online channels purporting to be advertising job positions in the company. In a statement by E. O.  Brikinn, General Manager, Policy, Government & Public …

By Lydia Ngwakwe Lagos, July 29, 2022 FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with gross earnings of N359.2 billion. The company stated this in a statement on Friday in Lagos. The gross earnings indicated an increase of 22.4 per cent …

As part of its strategy to partner, support, and help revitalize businesses in its portfolio over huge debt, the Asset Management Corporation of Nigeria (AMCON) in Abuja on Friday, handed over the original title documents of Standard Shoe Company Limited, a footwear manufacturing factory co-founded by the Imo State Government …

Rededicate yourselves to the Agency’s core mandates and values – Jamoh The Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the appointment of three new Directors, Mr. Otonye Obom, Captain Umoren Sunday Michael, and Mr. Kazir Abubakar Musa. The Directors were promoted along with 18 Deputy Directors and …

By Augusta Uchediunor Lagos, July 29, 2022 The Government of Barbados and the African Export-Import Bank (Afreximbank) have announced the first-ever Africa-Caribbean Trade and Investment Forum (ACTIF) scheduled to take place in Bridgetown, Barbados, from Aug. 31 to Sept. 3, 2022. ACTIF2022 will be held under the theme “One People, One Destiny: Uniting …

Fegalo Nsuke, MOSOP President Calls for halt in further funding for corruption ridden cleanup exercise Insists government should investigate corruption allegations The Movement for the Survival of the Ogoni People (MOSOP) has reacted to a presidential directive transferring the supervision of the Ogoni cleanup exercise to the Ministry of Niger …