Business and Economy

By Sumaila Ogbaje Abuja, May 23, 2019 The Minister of Transportation, Mr Rotimi Amaechi, says the support and commitment of President Muhammadu Buhari to the development of transport infrastructure led to his achievements in the last four years. Amaechi disclosed this during his valedictory news conference on Thursday in Abuja. …

The 48th Annual General Meeting of Glaxosmithkline Consumer Nigeria Plc was held in Lagos on Thursday, May 23, 2019. Pictures here, by CHINYERE IKEANYI, show some of those who graced the event.

By Francis Onyeukwu Awka, May 23, 2019 The host communities of Nigeria Producing Oil and Gas (HOSCON), Anambra chapter, has given three companies operating in the state two weeks to upgrade their licences from oil exploration to oil prospecting companies. The group, which named the three companies as: Orient Petroleum …

END OF TENURE PRESS CONFERENCE BY THE HON. MINISTER OF BUDGET AND NATIONAL PLANNING, SEN. UDOMA UDO UDOMA HELD AT THE MINISTER’S CONFERENCE ROOM ON TUESDAY, 21STMAY, 2019. Gentlemen of the Press, It is my pleasure to meet with you today to give you a brief overview of what we have been …

Leo Stan Ekeh, serial digital entrepreneur and Chairman, Zinox Group has declared that the only way the Nigerian economy can realize the desired impetus to survive is for the Federal and State Governments to support disruptive entrepreneurs who are now the corporate miracles of every progressive economy. He cited America …

  Stakeholders in the Enugu Free Trade Zone (EFTZ) have declared willingness to work with the Ministry of Aviation in addressing all concerns over the proximity of one of the units of the free zone with the Akanu Ibiam International Airport. Enugu Power Free Zone Company (Enpower FZC) which manages …

By Sumaila Ogbaje Ibadan, May 18, 2019 The Federal Government has inaugurated the newly remodeled terminal building of the Ibadan Airport, to reposition the nation’s aviation industry. The Minister of State for Aviation, Sen. Hadi Sirika, while inaugurating the project, said the completion of new terminal was a reflection of …

11 Plc, formerly Mobil Oil Nigeria Plc, held its 41st Annual General Meeting (AGM) in Lagos, Nigeria. Pictures, by Chinyere Ikeanyi, shows some of the dignitaries that graced the event.

By Taiye Agbaje Abuja, May 16, 2019 The Senate, on Thursday, confirmed the renewal of appointment of Mr Godwin Emefiele as the Central Bank of Nigeria (CBN) Governor, for a second term. This followed the adoption of report of the Committee on Banking Insurance and Other Financial Institutions at plenary …

ABUJA – The Senate Committee on Banking, Insurance and Other Financial Institutions has lauded the Central Bank of Nigeria (CBN) and its Governor, Godwin Emefiele, for contributingimmensely to the stability of the Nigerian economy, in spite of the recession the country witnessed in 2016. The Chairman of the committee, Senator …

Twenty-nine scientists will vie to find long-lasting solutions to erosions, droughts and desertification plaguing different parts of the country in the 2019 edition of The Nigeria Prize for Science sponsored by Nigeria LNG Limited (NLNG). The Science Prize, first awarded in 2004 and now in its 15th year, comes with …

By Chidinma Agu Lagos, May 14, 2019 Mr Andy Odeh, the Manager, Corporate Communication and Public Affairs, Nigeria LNG Ltd., on Tuesday said only 29 entries were received for The Nigeria Prize for Science 2019 edition. Odeh said this at the Company’s Handover of Entries for the 2019 Nigeria Prize …

Taiye Elebiyo-Edeni Abuja, May 13, 2019 The Minister of Transportation, Mr Rotimi Amaechi said on Monday that the Nigerian government did not mortgage any property to secure infrastructural loans from China. Amaechi made the clarification at the 6th Annual East African Transport Infrastructure conference held in Nairobi, Kenya. According to …

By Chinyere Joel-Nwokeoma Lagos, May 13, 2019 Stock market operators on Monday expressed mixed reactions to plans by the Securities and Exchange Commission (SEC) to regulate conduct of Annual General Meetings (AGMs) and pre-AGMs. The operators spoke with  the News Agency of Nigeria (NAN) in Lagos. The new sub-rule seeks …

The Shell Petroleum Development Company (SPDC), on Friday allayed the fears expressed by Joinkrama 4 (JK 4) community in Rivers State on safety of pipelines being laid at Adibawa oil fields in the area. The residents had expressed fears that the laying of a new gas pipeline through the community …

By Cecilia Ijuo Abuja, May 9, 2019 President Muhammadu Buhari has asked the Senate to confirm the appointment of Mr Godwin Emefiele as Central Bank of Nigeria(CBN) Governor for the second and final term of five years. The President of the Senate, Dr Bukola Saraki, made the disclosure in Abuja …

By Fabian Ekeruche Lagos, May 8, 2019 Mr Nnamdi Okonkwo, the Managing Director of Fidelity Bank Plc, on Wednesday pledged greater support to customers of the bank at the Alaba Trade Fair complex in Lagos. Okonkwo told newsmen that the bank does not only serve the corporate class but also …

                       ABUJA The interbank segment of the Foreign Exchange Market has received a boost of $205 million from the Central Bank of Nigeria (CBN) following the sales concluded on Tuesday, May 7, 2019. Figures obtained from the CBN indicated that …

Zenith Bank Plc, the largest bank in Nigeria by tier-1 capital and the foremost provider of financial services to multinationals, corporates and SMES in the country, has affirmed its commitment to accord  its growing retail business the same attention and focus that has enabled it become the leading corporate bank …

By Itohan Abara-Laserian Lagos, May 6, 2019 The Lagos State Ministry of Agriculture on Monday said that it had impounded about 30 tonnes of cow skin, popularly known as “Ponmo”, believed to be unsafe and unhealthy for consumption. The Commissioner for Agriculture, Mr Oluwatoyin Suarau, said in a statement by …

Oil export from oilfields in parts of Bayelsa State has resumed as Aiteo Eastern Exploration and Production Company on Friday said that it has concluded repairs on the 97 km Nembe-Bonny export line that was breached on April 21 by unknown vandals. Mr Ndiana Mathew, Spokesman of Aiteo, operator of …

ABUJA – More details have emerged concerning why a faceless group, Awareness for Good Governance Group (AGGG) called for the removal of Dr. Okwu Joseph Nnanna as the chairman of the Nigerian Export-Import Bank (NEXIM Bank) over allegations of fraud at the Bank. Investigation revealed that the call for Nnanna’s …

By Taiye Elebiyo-Edeni Abuja, May 2, 2019 The Minister of Transportation, Rotimi Amaechi on Thursday urged the newly appointed Board Members of the Nigeria Railway Corporation (NRC) not to slow down  ongoing efforts at revitalising the country’s railway system. Amaechi said the ministry was determined to ensure swift execution of …