President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending his confirmation by the Nigerian Senate. This directive, according to a statement by …
Read More »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 …
Read More »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. …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Aliko Dangote celebrates African Young Global Leaders
At the World Economic Forum Annual Meeting 2011 in Davos, Switzerland, Aliko Dangote, President, and Chief Executive Officer of the Dangote Group, learned about the Forum of Young Global Leaders (YGLs) and the tremendous potential of this unique World Economic Forum community to develop the next generation of African leaders …
Read More »Unity Bank grows gross earnings to N27.5 billion in H1’2023
LAGOS Retail lender, Unity Bank Plc grew its deposits to N333.38 billion, representing a marginal increase of 2% compared to N327.42 billion recorded in H1’22 in its Half-Year unaudited financial statement submitted to the Nigeria Exchange Group Limited. The growth in deposits demonstrates incremental gains by the lender from its …
Read More »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.” …
Read More »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 …
Read More »Bayelsa Governor hails Tinubu for choice of NDDC MD
– Canvasses Partnership for East-West Road The Governor of Bayelsa State, Senator Douye Diri, has given kudos to President Bola Ahmed Tinubu for re-appointing Dr Samuel Ogbuku as the Managing Director of the Niger Delta Development Commission, NDDC. Senator Diri expressed his appreciation when he received the Minister of Niger …
Read More »MTN announces 4th edition of mpulse spelling bee
By Stellamaris Ashinze Lagos, Sept. 6, 2023 MTN Nigeria on Wednesday announced the fourth edition of the mPulse Spelling Bee Competition. This year’s edition began on Aug. 21, and incorporates a blend of digital and on-site models, with the initial two rounds taking place on the MTN mPulse website. The grand finale …
Read More »Tinubu secures $3bn steel investment for Nigeria
By Vivian Emoni Abuja, Sept. 6, 2023 President Bola Tinubu has successfully attracted a monumental 3 billion U S dollars investment pledge from Indian investors, to boost steel industry in the country. This is according to a statement by Mr. Abdullahi Haruna, Special Assistant, Media and Publicity to Minister of …
Read More »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 …
Read More »Tinubu arrives India for G20 Summit
By Ismail Abdulaziz Abuja, Sept. 5, 2023 President Bola Tinubu has arrived New Delhi, India, for a six-day official visit, to attend the G20 Leaders’ Summit and other engagements. Tinubu was accompanied on the trip by top government officials, including ministers and Presidential aides. The News Agency of Nigeria (NAN) …
Read More »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 …
Read More »Dakuku Peterside, IMO Secretary General, Lim, Saudi Arabia Minister, Al-Jasser, others at Maritime Industry Conference
Fidelity records PBT of N76.3bn for H1 2023
……Declares interim dividend of 25 kobo Per Share Lagos, Nigeria: Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax (PBT) for the first half of 2023 to N76.3bn, according to the bank’s recently issued financial result. A review of the results published on …
Read More »NLC strike: FG appeals for 2 weeks to finalise on demands
By Joan Nwagwu Abuja, Sept. 4, 2023 The Federal Government has appealed for a period of two weeks to finalise on organised labour’s demands. Mr. Simon Lalong said this while addressing newsmen at the end of a closed door meeting with the Trade Union Congress(TUC) on Monday in Abuja. Lalong …
Read More »Tax: Dangote Cement remits N412.9bn to govt in 3 years
Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for 3 consecutive years. A total of N97.24 billion was paid by Dangote Cement in 2020, N173.93 billion in 2021 and N141.69 billion in 2022. …
Read More »Konga lines up global giants for Battle of the Brands
Konga, Nigeria’s leading composite e-commerce giant, has lined up a star-studded collection of globally renowned brands for another edition of the popular Battle of the Brands which goes live from Friday, September 1, 2023. Battle of the Brands, a much-anticipated campaign exclusive to Konga, offers shoppers and other bargain hunters …
Read More »Konga lines up global giants for Battle of the Brands
Konga, Nigeria’s leading composite e-commerce giant, has lined up a star-studded collection of globally renowned brands for another edition of the popular Battle of the Brands which goes live from Friday, September 1, 2023. Battle of the Brands, a much-anticipated campaign exclusive to Konga, offers shoppers and other bargain hunters …
Read More »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 …
Read More »Prudential Zenith Life posts N50.2bn assets – MD
By Rukayat Adeyemi Lagos, Aug. 30, 2023 Prudential Zenith Life Insurance, says it recorded N50.2 billion worth of total assets in 2022 financial year as against N48 billion posted in 2021. The Managing Director of the company, Mr. Chris Igumbor, made this known at the August edition of the Nigerian …
Read More »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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