…We don’t need to export to Cameroun where we have an existing cement plant The management of Dangote Cement Plc has stated that two of its trucks that were wrongly intercepted in Adamawa State have been released. The company stated that the two trucks loaded with 900 bags of cement …
Read More »SERAP gives NNPCL 7 days to account for ‘missing $2.04bn, N164bn oil revenues’
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Mele Kolo Kyari, Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited to “promptly account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.” SERAP said the allegations are documented …
Read More »Local Content: NCDMB holds knowledge-sharing session with Mozambique
In keeping with Nigeria’s leadership role in the development of Local Content in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has concluded a two-day Local Content development experience-sharing session with a delegation from Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos (ENH). The engagement was held on the …
Read More »NLC declares two- day nationwide protest over economic hardship
By Joan Nwagwu Abuja, Feb. 16, 2024 The Nigeria Labour Congress (NLC,) says it will embarked on a two-day nationwide protest from Feb. 27 to Feb. 28, over the mounting economic hardship and insecurity in the country. Mr. Joe Ajaero, President of NLC said this at a news conference at …
Read More »Stanbic IBTC donates relief materials to victims of attacks in Plateau
By Peter Amine Jos, Feb. 15, 2024 Stanbic IBTC Holdings has donated relief materials to the Plateau State Government for onward distribution to victims of recent attacks in the state. Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings, who handed over the items on Thursday in Jos , also presented …
Read More »DMO offers N2.5trn FGN bonds for subscription at N1,000 per unit
Director-General of the DMO, Patience Oniha By Kadiri Abdulrahman Abuja, Feb. 15, 2024 The Debt Management Office has offered two Federal Government of Nigeria bonds valued at N2.5 trillion for subscription at N1,000 per unit. The first offer is a seven-year bond valued at N1.25 trillion and expected to mature …
Read More »AfCFTA: NCDMB advocates database of skills, uniform standards for goods, services
As plans to implement the African Continental Free Trade Agreement (AfCFTA) continue to unfold, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated the removal of visa restrictions among African nations, the creation of a database of available skills, and the simplification of cross border deployment of labour. The …
Read More »FIRS assures MTN, others of friendly tax administration
Chief Executive Officer, MTN Nigeria Plc, Mr. Karl Toriola and Executive Chairman, FIRS, Dr Zacch Adedeji. By Kadiri Abdulrahman Abuja, Feb. 13, 2024 The Federal Inland Revenue Service (FIRS), has assured Nigeria’s leading telecom MTN Nigeria Plc and others of a friendly, customer-centric tax administration. The Executive Chairman of FIRS, …
Read More »Ministry of Industry partners NIDCOM to boost Diaspora investment opportunities in Nigeria
Abuja, Feb. 13, 2024. The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite has expressed the need to work with the Nigerians in Diaspora Commission (NIDCOM) to boost diaspora investments in the Country. Speaking during a courtesy call by the Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa, …
Read More »NGX : Total share value drops by N83m, investors lose N184bn
By Rukayat Adeyemi Lagos, Feb. 13, 2024 Total share value on the Nigerian Exchange (NGX) Ltd. on Tuesday dropped by N83 billion or 16.2 per cent due to selloffs in the stocks of Tier-One banks. Specifically, a total of 263.19 billion shares valued at N4.30 billion were exchanged in 8,614 …
Read More »Tinubu seeks Senate’s confirmation of five directors of CBN board
By Naomi Sharang Abuja, Feb. 13, 2024 President Bola Tinubu has asked the Senate to confirm the appointment of five persons as members of the board of directors of the Central Bank of Nigeria (CBN). The President’s request is contained in a letter read by Senate President, Godswill Akpabio, at …
Read More »Access Holdings appoints Agbede as Acting Group CEO
By Rukayat Adeyemi Lagos, Feb. 13, 2024 The Board of Directors of Access Holdings Plc has appointed Ms. Bolaji Agbede as the Acting Group Chief Executive Officer of the company. The company’s Secretary, Mr. Sunday Ekwochi, stated this in a notification to the Nigerian Exchange Ltd. (NGX) on Tuesday in …
Read More »Shell resumes crude supply to Port Harcourt Refinery with 475,000 barrels
The Shell Petroleum Development Company of Nigeria (SPDC) says it has resumed crude supply to the Port Harcourt Refinery with delivery of 475,000 barrels from Bonny Oil and Gas Export Terminal. SPDC announced the development on Monday in a statement signed by Mrs. Abimbola Nelson-Essien, it’s Media Relations Manager. “In …
Read More »Okonjo-Iwela, Otedola, others mourn Wigwes, former NGX Group Chairman
By Rukayat Adeyemi Lagos, Feb. 11, 2024 Stakeholders in the financial sector have continued to mourn the Group Chief Executive Officer, Access Holdings, Dr Herbert Wigwe, his wife, son and former Chairman of the Nigerian Exchange Group, late Abimbola Ogunbanjo. Reacting on her X platform handle, Mrs. Ngozi Okonjo-Iweala, Director …
Read More »Maritime security: US Coast Guard to work with NIMASA on removal of CoE
· We will continue to prioritise Safety and Security on Nigerian Waters – Jamoh The United States Coast Guard USCG, has offered Nigeria a three-year plan to work with the Nigerian Maritime Administration and Safety Agency, NIMASA for the removal of the Condition of Entry (CoE), placed on American-bound vessels from …
Read More »NNPC, CBN to strengthen relationship to guarantee seamless commercial operation
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed the decision of the NNPC Ltd. to domicile a significant portion of its revenues and other banking …
Read More »Inflation: Court verdict a wake-up call to FG to ensure people’s welfare – Laolu Akande
As inflation bites harder, forcing the court to order the Federal Government to regulate the prices of goods and services rising astronomically and negatively affecting the livelihood of Nigerians, a former presidential aide and veteran journalist, Laolu Akande, has urged President Bola Tinubu to do the needful and commit to …
Read More »Prof. Benedict Oramah recognised with the Financial Leadership Award
ACCRA, Ghana African Prosperity Network (APN) has awarded Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export and Import Bank (www.Afreximbank.com) (Afreximbank or “the Bank”) the Financial Leadership Award at their African Prosperity Dialogue gala dinner held on January 26, 2024. The Leadership Awards is …
Read More »Ministers, CBN, FIRS pledge to address high cost of living
By Femi Ogunshola Abuja, Feb. 6, 2024 The Minister of Finance, Mr. Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu, have assured Nigerians that the high cost of living being witnessed by Nigerians is currently being addressed. Mr. Olayemi Cardoso, the Governor of the Central Bank …
Read More »Climate change: NNPC Ltd, US Govt., Deloitte collaborate on greenhouse gas emission reduction from OML 34
The Nigerian National Petroleum Company Limited (NNPC Ltd) is working in collaboration with the United States Department of State and international management consultancy firm, Deloitte, to meet its net-zero carbon goals by embarking on a project aimed at reducing the emission of methane and other greenhouse gases from its upstream …
Read More »NIMASA in retreat for management performance as Head of Service commends Marine and Blue Economy Ministry
The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, weekend, concluded a three day Performance Management retreat where the Agency’s Executive Directors signed a performance bond with the Director General/CEO, on behalf of departments under their Directorates. The Minister of Marine and Blue Economy, Chief Adegboyega Oyetola CON, …
Read More »NCDMB parleys Chevron, recommits to fast-track approvals of oil industry projects
The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to accelerated approvals of requests and documents submitted to it by operating oil and gas companies. The goal is to ensure speedy development of oil and gas projects and contribute to increased oil production and improved national economy. …
Read More »Obasanjo, others call for strong economic ties between Nigeria, Angola
By Olanrewaju Akojede Lagos, Feb. 3, 2024 Former President Olusegun Obasanjo has called for increased bilateral relations between Nigeria and Angola. Obasanjo made the call at the Angola-Nigeria Diplomatic-Business Investment meeting on Saturday in Lagos. Obasanjo, who was a special guest of honour at the event, said the meeting focused …
Read More »Konga wins Top Retailer award at HP 2024 Retail Bootcamp
Trusted e-commerce platform, Konga, has once again established its dominance by winning the Top Retailer in the Supplies Category award at the recently concluded Retail Bootcamp organized by Hewlett Packard. The two-day event which was held at the Radisson Blu Anchorage Hotel in Victoria Island, Lagos served as a vibrant …
Read More »CBN relaxes restrictions on fx rates quoted by IMTOs
By Kadiri Abdulrahman Abuja, Feb. 1, 2023 The Central Bank of Nigeria (CBN), has removed allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs). This is according to a circular signed by Dr Hassan Mahmud, the Director, Trade and Exchange Department of the CBN, addressed to …
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