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Business and Economy

Apple launches $200m ‘Restore Fund’ to combat climate change  

Cupertino (California), April 15, 2021 Apple Inc (AAPL) and its partners have launched a 200-million-dollar “Restore Fund” to accelerate natural solutions to climate change, the company said in a statement. Launched with Conservation International and Goldman Sachs, the fund aims to remove at least one million metric tons of carbon …

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Emirates’ Milestone flight EK2021 highlights industry readiness for travel rebound

Emirates’ one-of-a-kind flight EK2021 proudly made a journey across the different emirates this week, to signal the aviation industry’s readiness for a travel rebound. It was also to celebrate the UAE’s remarkable vaccination programme that has administered close to 9 million vaccines doses to date. The special flight, which carried …

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NNPC records 37.21% drop in oil pipeline vandalism in January …Increases gas supply for power generation

The Nigerian National Petroleum Corporation (NNPC) has announced a 37.21 % decrease in cases of pipeline vandalism across the country in the month of January 2021. This is contained in the January 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the …

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MPR, CSS Group, partner to boost Mbaise Agriculture Sector – Begin high level segment talks on training, internship, establishment of Food Reserve Center

New York, April 12, 2021: The Mbaise Policy Roundtable (MPR), a non-governmental organization with offices in Owerri, Imo State, Nigeria and New York, USA, has announced a landmark understanding to develop the Mbaise Agriculture sector in partnership with the CSS Group of Companies – one of the largest mechanized Agribusiness …

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Dangote Sugar denies involvement in price fixing, asserts its strong participation in the NSMP

Dangote Sugar Refinery PLC (DSR) is aware of an online publication claiming that Dangote Sugar Refinery PLC is engaging in price-fixing and is not honestly engaged in any Backward Integration Programme as claimed. DSR wishes to vehemently refute the allegations and assertions in their entirety as the false allegations are …

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NNPC signs $1.5billion contract for rehabilitation of PH Refinery …To award Warri, Kaduna Refineries rehab EPC in June

The drive by the Management of the Nigerian National Petroleum Corporation (NNPC) to boost in-country refining capacity was bolstered on Tuesday with the signing of the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract for the rehabilitation of the 210,000 barrels per day capacity Port Harcourt Refinery in Alesa-Eleme, Rivers …

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South East LGAs set to enjoy high-speed internet, courtesy Zinox – NCC boss, Danbatta

Zinox Technologies Ltd., Nigeria’s foremost indigenous Information Technology powerhouse, is set to connect the entire South East region to the information super-highway, with the rollout of broadband connectivity in the 95 local government areas in the region. The foregoing was disclosed by Executive Vice-Chairman, Nigerian Communications Commission (NCC), Prof. Umar …

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Nestle Nigeria Plc to train Lagos journalists on nutrition, climate – Official

By Olatunde Ajayi Lagos, March 30, 2021 Foods and Beverages giant, Nestle Nigeria Plc, has reaffirmed its commitment to train Lagos Journalists, especially those on the Nutrition, Climate and Environment beats. The company made the pledge when executive members of the Nigeria Union of Journalists (NUJ), Lagos State Council,  paid …

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Creating sustainable value chains for staple crops in Nigeria: Nestlé, IDH, TechnoServe partner for better livelihoods for smallholders

Kaduna, Nigeria – March 30, 2021: Nestlé, IDH the Sustainable Trade Initiative, and TechnoServe announced Tuesday the launch of the Developing Inclusive Grain Value Chains project. The initiative will help 5,000 smallholder farmers earn better livelihoods by supplying high-quality maize, soybeans, millet, and sorghum to Nestlé. The seven-month project will …

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Bureau De Change Operators express commitment to transparent, lawful FX transaction

By Fabian Ekeruche Lagos, March 26, 2021 The Association of Bureau De Change Operators of Nigeria (ABCON) on Friday expressed its commitment to transparent and lawful foreign exchange transactions. Alhaji Aminu Gwadabe, President of ABCON, disclosed this in a statement in Lagos against the backdrop of alleged infractions by some …

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NNPC insists: No petrol price increase till end of engagement with labour

The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing engagement with the organized labour and other stakeholders. Addressing newsmen in Abuja, the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, said the …

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NNPC records 80.12% increase in trading surplus in December …Posts petroleum products sale of ₦288.77billion

The Nigerian National Petroleum Corporation (NNPC) has announced an increase of 80.12% in trading surplus for the month of December 2020 which stands at ₦24.19billion compared to the ₦13.43billion surplus recorded in November 2020. This is contained in the December 2020 edition of the NNPC Monthly Financial and Operations Report …

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Zenith Bank named Best Bank in Nigeria in Global Finance Best Banks Awards 2021 for second successive year

Zenith Bank Plc has been named as the Best Bank in Nigeria for the second successive year in the Global Finance Magazine’s Best Banks Awards 2021. The bank was among other banks from 35 countries in Africa recognised as the prestigious US magazine, Global Finance announced its 28th Annual Best …

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