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Business and Economy

Chevron companies provide health, educational support to communities in Rivers, Yobe, Oyo States 

Lagos, September 13, 2023: Chevron entities in Nigeria including Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL (“NNPCL/CNL JV”), Star Deep Water Petroleum Limited (a Chevron company) and its parties in the Agbami field have donated health facilities and …

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MTN Foundation spends N3bn on undergraduate scholarships

Ikuru Lizzy Port Harcourt, Sept. 14, 2023 The MTN Foundation says it has spent about N3 billion on scholarships for less privileged undergraduate students and students living with disabilities in the country. The Director of the Foundation, Mr. Reginald Okeya, disclosed this on Thursday at the Scholarship Award ceremony in Port Harcourt. …

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5G partnership will bring world of possibilities in Nigeria’s education – MTN

By Jessica Dogo Abuja, Sept. 13 The MTN Chief Enterprise Officer, Lynda Saint-Nwafor, says 5th Generation partnership will open doors to a world of possibilities in education. Saint-Nwafor spoke at the tripartite event hosted by MTN in partnership with Huawei and Baze University on Wednesday in Abuja. The News Agency …

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Afreximbank to double intra-African trade financing to $40bn by 2026

By Rukayat Moisemhe Lagos, Sept. 12, 2023 African Export Import Bank (Afreximbank) is to double its financing of intra-African trade to 40 billion dollars on a revolving basis by 2026. The bank’s intra-African trade financing stood at 20 billion dollars in 2021. Mrs. Kanayo Awani, Afreximbank’s Executive Vice President, made …

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Nestlé supports rural women retailers in Nigeria to grow their businesses

Since August 2021, Nestlé Nigeria has helped 332 women to scale up their businesses by 300% and to sustain the new level through the Nestlé Empowering Rural Women in Nigeria Project. The beneficiaries are women within Nestlé Nigeria’s value chain, running small businesses in rural areas across Nigeria. Empowering Rural …

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Subsidy removal: SERAP gives 36 governors 7 days to disclose details on spending of N2bn palliative

Socio-Economic Rights and Accountability Project (SERAP) has urged the 36 state governors in the country to “disclose details on spending of the N2 billion palliative recently disbursed to each state by the Federal Government, including the names of beneficiaries and details of the reliefs so far provided with the money.” …

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Chevron Nigeria reiterates commitment to supporting fight against oil theft

Chevron Nigeria Limited (CNL) has dismissed as “untrue, incorrect, and made without any basis,” a report alleging that it is among  international oil companies (IOCs) engaged in oil theft with some communities and other stakeholders in the Niger Delta region of Nigeria. The company, in a statement by Esimaje Brikinn, its General …

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My agenda in Marine, Blue Economy Ministry – Oyetola

 ·       Commends NIMASA Management ·       As Jamoh declares Minister’s appointment unique The Minister of the Marine and Blue Economy, His Excellency Adegboyega Oyetola, has stated that tackling illegal, unreported and unregulated (IUU) fishing, harnessing marine tourism, safety and security are top of the agenda of his administration as Minister of the newly …

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Afreximbank signs MoU with UAE Trade Center to promote TRADAR Club

CAIRO, Egypt The African Export-Import Bank (Afreximbank) (https://www.Afreximbank.com/) has signed an MOU with the United Arab Emirates (UAE) Trade Center, to promote the TRADAR Club solution in the market. The Cooperation Agreement, signed between Afreximbank and the UAE Trade Center on the sidelines of the Intra-African Trade Fair (IATF2023) Press …

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Fidelity Bank to help Schools prepare for new school session with Edu Loan Product

As the summer break winds down, leading financial institution, Fidelity Bank Plc, has emphasised its devotion to help schools prepare adequately for the next session and deliver quality education. Through its bespoke product known as the Fidelity Edu Loan, administrators of registered private primary, secondary and tertiary institutions in Nigeria …

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Nestlé Professional promotes West African Food Culture with Chefs at WAFFEST

  Over 500 chefs from across West Africa converged in Lagos for the 5th edition of the West Africa Food Festival (WAFFEST) themed “Preserving West African Flavours: The Chef’s Roles in Sustainable Food Tourism”. The annual WAFFEST hosted by the Association of Professional Chefs Nigeria is a prominent culinary event …

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