Business and Economy

At 25, armed with a degree in Chemistry from University College, London, a Master of Science degree in Accounting, Organizations and Institutions from the London School of Economics, she altered the digital roadmap of the nation by launching the first structured mobile devices distribution company in Nigeria, TD-Mobile. Defying all …

Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL (NNPCL/CNL JV), has reiterated its commitment to the socio-economic development of its neighbouring communities. CNL, in a statement by Esimaje Brikinn, its General Manager, Policy, Government and Public Affairs, confirmed that at “about …

By Kadiri Abdulrahman Abuja, May 24, 2023 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 18.5 per cent from 18 per cent. The CBN Governor, Mr Godwin Emefiele, made this known on Wednesday in Abuja, after presenting the …

By Kadiri Abdulrahman Abuja, May 24, 2023 The Central Bank of Nigeria (CBN) has announced revocation the licences of 132 Microfinance Banks, three Finance Companies and four Primary Mortgage Banks across the country. The revocation is contained in a gazetted circular signed by the CBN Governor, Mr. Godwin Emefiele, in …

Presidential Candidate of the Labour Party (LP), Mr. Peter Obi has congratulated the President of the Dangote Group, Alhaji Aliko Dangote, on the commissioning of the Dangote Petroleum Refinery and Petrochemicals company in Lagos. The facility is reputed to be the World’s Largest Single Train Petroleum Refinery. Mr. Obi extended …

By Lucy Ogalue Sharm El Sheikh, May 23, 2023 African leaders have decried failure in the Global Financial Architecture (GFA) which has impacted negatively on the economies of many developing countries on the continent. The leaders, however, called for a total overhaul of the financial architecture to ensure effective growth …

Amid encomium from eminent personalities, which included President Mohammadu Buhari and five other African heads of state, President of the pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote disclosed yesterday that the newly commissioned 650,000pbd refinery would employ over 100,000 Nigerians youths as well as generate over $21 billion, therefore …

Konga, Nigeria’s leading composite e-commerce group, after two years of extensive research and test-running, is set to further raise the bar of service delivery in the industry with the launch of KongaNow, guaranteed same day delivery of verified products, for which Konga will take complete responsibility. All you need to …

By Lydia Ngwakwe Lagos, May 20, 2023 The Chartered Institute of Bankers of Nigeria (CIBN) has said that its revenue rose to N2.06 billion in the year ended 2022. Dr Ken Opara, President/Chairman of CIBN, said this at the 2023 Annual General Meeting (AGM) of the Institute held on Saturday …

By Chijioke Okoronkwo Abuja, May 19, 2023 President Muhammadu Buhari’s National Poverty Reduction with Growth Strategy (NPRGS), an initiative aimed at reducing poverty across Nigeria, has impacted on millions of Nigerians, a presidential spokesman says. The Steering Committee of NPRGS is chaired by Vice President Yemi Osinbajo. A media update …

By Kadiri Abdulrahman Abuja, May 18, 2023 The Federation Account Allocation Committee (FAAC) has shared the sum of N655.932 billion revenue for April to the Federal Government, States and Local Government Councils (LGCs). According to a statement issued by Bawa Mokwa, the Director, Press and Public Relations, Office of the …

As part of relief interventions following the devastating nationwide floods in Nigeria, the Sterling One Foundation has launched Project Ladder, in partnership with Whitefield Foundation and Sterling Bank, to provide support for victims whose farms were affected by the floods. The project which kicked off in Ndokwa East and Oshimili …

The Arewa Youth Assembly has commended the Central Bank Governor, Mr. Godwin Emefiele, for the Naira redesign policy, which the group said, helped the state to tackle the crisis of banditry which, before the introduction of the policy, was widespread in the state as well as in most parts of …

By Emmanuel Oloniruha Abuja, May 15, 2023 Mr. Tony Elumelu, a Nigerian industrialist, has advised state governors to place high priority on promoting youths’ entrepreneurship for self-employment. Elumelu, also the Chairman, Heirs Holdings Group, said this at the Nigeria Governors’ Forum (NGF) 2023 induction for newly elected governors in Abuja …

 By Kadiri Abdulrahman Abuja, May 15, 2023 The Central Bank of Nigeria (CBN), on Monday unveiled an e-learning platform, SabiMONI, to promote financial literacy and to deepen financial inclusion. Speaking at the ceremony, the CBN Governor, Mr Godwin Emefiele, said that the platform was a fully digital national e-learning platform …

  In commemoration of the 2023 World Safety Day, the Nigerian Maritime Administration and Safety Agency, NIMASA organized a safety workshop with the theme “Zero offshore incidents, a culture of prevention.”    This is in line with the International Labour Organization, ILO declared theme of “A safe and healthy working environment …

  By Kadiri Abdulrahman Abuja, May 14, 2023 The Debt Management Office (DMO) says decades of operating budget deficits by successive governments is responsible for Nigeria’s high debt profile. The Director-General of the DMO, Patience Oniha, said this to the News Agency of Nigeria (NAN) on Sunday in Abuja. According …

A new very crucial home buyer seminar is scheduled to take place on Saturday, May 27, 2023, from 12:00pm to 1:00pm at The Newark Public Library – Weequahic Branch, 355 Osborne Terrace, Newark, New Jersey   07112. The seminar, which aims to enlighten participants on very critical issues surrounding home ownership, especially …

—Says Secured Maritime Domain Vital to Economic Advancement —As Jamoh urges investors to harness gains of secured Gulf of Guinea  The Chief Justice of Nigeria and Chairman, Board of Governors of the National Judicial Institute, Hon. Justice Olukayode Ariwoola, GCON has stated that the judiciary has a role to play …

By Kadiri Abdulrahman Port-Harcourt, May 11, 2023 A Stockbroker, Ifeoma Ukunna, says Debt Management Office (DMO)’s awareness programme on Federal Government securities is boosting investment in the sector. Ukunna, Head, Retail Business, CSL Stockbrokers Limited, said this on Thursday in Port-Harcourt in an interview with the News Agency of Nigeria …

By Lydia Ngwakwe Lagos, May 10, 2023 The Central Bank of Nigeria (CBN) says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. The Bank’s Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a statement on …

By Chiazo Ogbolu Lagos, May 9, 2023 The Nigerian Maritime Administration and Safety Agency (NIMASA) says marine tourism is key to economic development. The Director General of NIMASA, Dr Bashir Jamoh, said this in a statement signed by Mr. Osagie Edward, Assistant Director, Public Relations, NIMASA, on Tuesday in Lagos. …

Konga Logistics, the digital logistics arm of Nigeria’s composite e-commerce giant, is investing billions of Naira in her ambition to take a commanding position in the challenging logistics sector in Africa which stakeholders believe is responsible for the retarded growth of e-Commerce and other movement of goods and services in …

The Nigerian Maritime Administration and Safety Agency (NIMASA), has called on Nigerians in diaspora to consider investing in the country’s maritime sector, describing it as the next big thing packed with assets to fuel the growth of the economy. NIMASA’s Director General, Dr Bashir Jamoh OFR, made the call during …