Business and Economy
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NNPC signs agreement with NAOC on 4 OMLs
By Edith Ike-Eboh Abuja,Sept.25, 2019 The Nigerian National Petroleum Corporation (NNPC) has signed a novation agreement with Nigerian Agip Oil…
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September bond auction raises N146.6 bn for FG- DMO
By Folasade Akpan Abuja, Sept. 25, 2019 The Debt Management Office (DMO) says it raised N146.6 billion for the N150…
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How SIPS Funds have been managed since 2016 *Funding, disbursement domiciled in Budget & National Planning Ministry *Schemes had World Bank, CSOs oversight and praise for its transparency
Summary · The Office of the Vice President is not involved in financial transactions or the disbursement of funds for the…
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UNGA 2019: Africa close to closing coal-fired power plants, says Adesina
By Ikenna Uwadileke Abuja, Sept. 25, 2019 Dr Akinwumi Adesina, President, African Development Bank (AfDB) has revealed plans to scrap…
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Amaechi tasks CCECC to speed up work on Lagos -Ibadan Rail project
By Lucy Ogalue Lagos, Sept. 23, 2019 The Minister of Transportation, Rotimi Amaechi, on Monday tasked the China Civil Engineering Construction Corporation…
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Oil theft: Vandals set Agip pipeline ablaze at Rivers-Bayelsa oilfield
Activities of crude oil thieves have set fire at Agip oil pipeline at Ubeta in Ahoada West Local Government Area…
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Konga Research identifies how companies can leverage digital procurement to save money, increase profit
Organisations must embrace digital procurement strategies in order to save cost and improve their margins. This will go a long…
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Nestlé, Wecyclers sign MoU on environmental sustainability
By Vivian Ihechu Lagos, Sept. 20, 2019 Nestle Nigeria Plc. on Friday signed a Memorandum of Understanding (MOU) with an…
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Forex Intervention: CBN injects $314.74m, CNY 23.5m into Retail SMIS
ABUJA In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on…
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CBN supports 849,480 rice farmers with N146bn; Commits N30bn to oil-palm production – Emefiele
By Mustapha Sumaila Abuja, Sept. 19, 2019 The Central Bank of Nigeria (CBN) says it spent N146 billion to support…
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FG begins inspection of weights, measures of oil pumps in filling stations in Bayelsa; Seal some for under dispensing
The Weights and Measures Department, Federal Ministry of Industry, Trade and Investment has commenced inspection on filling stations in Bayelsa.…
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CBN okays AIP to 3 Payment Service Banks
ABUJA In line with its objective of enhancing financial inclusion and the development of the payment system by increasing access…
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Flag off of enrollment for Nigerian Federal Credit Union, USA takes place in US Embassy
The official Flag off of the proposed Nigeria Federal Credit Union, USA took place successfully at the Nigerian Embassy, Washington…
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CBN reduces, unbundles charges on Electronic Merchants Collections …Grants incentives …Nationwide implementation of Cash-less policy begins March 2020
ABUJA To further promote a cash-less economy and enhance the collection of applicable government revenues, the Central Bank of…
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WISTA takes campaign for Women in Maritime to Anambra · Donates speedboat, fishing accessories to Aguleri women · Lauds NIMASA’s support for maritime women
Women’s International Shipping and Trading Association (WISTA) has donated a speedboat and some fishing accessories to the women of…
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Gulf of Guinea: IMO, international oil players pledge support for NIMASA … Nigeria critical to regional stability – Kitack Lim … INTERTANKO, ICC, Chevron, others commend Agency
The initiatives of the Nigerian Maritime Administration and Safety Agency (NIMASA) aimed at ensuring security in the Gulf of Guinea…
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Advise Buhari to obey judgment on release of payment details on electricity contracts, SERAP tells Malami
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Abukabar Malami, SAN, Attorney General of the Federation and Minister of…
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Nigerian maritime reforms to encourage Foreign Direct Investment – Dakuku …Set to establish International Arbitration Centre
The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, says policies of the Federal…
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All roads lead to Nigerian Embassy in America for Enrollment Flag-off for proposed Nigerian Federal Credit Union Bank
All roads lead to the Nigerian Embassy, Washington DC, 3519 International Court, NW, Washington DC 20008 on Friday, September 13,…
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FIRS rakes in N97.7bn from going after tax defaulters’ bank accounts
By Racheal Ishaya Abuja, Sept. 11, 2019 The Federal Inland Revenue Service (FIRS), has raked in N97.7 billion from tax…
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CBN injects $210 million into Forex Market
ABUJA The interbank segment of the Foreign Exchange Market has received another boost of $210 million from the Central Bank…
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Play by your rules: The all-new CLA is now in Nigeria
The all-new CLA is the most intelligent and emotive car in its class. Mercedes-Benz continues its dominance in the compact…
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Two Nigerian businesses shortlisted for Shell Global Innovation Prize
Two Nigerian entrepreneurs have been shortlisted among 21 finalists for the Shell LiveWIRE Top Ten Innovators Awards, a global competition which highlights and…
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U.S. court discharges NNPC of $2.7bn debt to ESSO
By Edith Ike-Eboh Abuja, Sept. 8, 2019 U.S. Southern District Court of New York has delivered judgment in favour of…
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InvestAfrica Media holds UK-Africa Trade Summit in November
The UK Africa Trade and Investment Summit will hold on November 28, 2019 in Birmingham, United Kingdom. Organised by Invest…
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