Business and Economy
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Alleged inflated subsidy claims are ridiculous, false – NNPC Ltd
The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed as ridiculous and false reports that it inflated subsidy claims…
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Japan Govt. inspects Honda headquarters over vehicle test fraud
Tokyo, June 10, 2024 Japan’s transport ministry has inspected Honda Motor Co.’s headquarters in Tokyo after the company and other…
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Minister hails NCDMB, Nedogas strategic partnership; Lists benefits of Gas Gathering Facility
Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has commended the Nigerian Content Development and Monitoring Board…
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UN General Assembly President, Mr. Dennis Francis, to attend Water Conference in Dushanbe, Tajikistan
New York, 7 June 2024 The President of the United Nations General Assembly (PGA), His Excellency, Mr. Dennis Francis, will…
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NETCO posts 137% increase in operating profit for 2023
…Targets 5% increase in Market Share through EPC Projects The NNPC Engineering and Technical Company (NETCO), a subsidiary of…
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No plan to revoke more bank licences – CBN
By Kadiri Abdulrahman Abuja, June 4, 2024 The Central Bank of Nigeria (CBN) says it has no plan to revoke…
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UK’s new trade scheme still in force
..With the Developing Countries Trading Scheme (DCTS), Nigeria can continue to trade tariff free with the UK on over 3000…
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Why CBN shut down Heritage Bank with immediate effect
The Central Bank of Nigeria (CBN), has said that it has revoked the banking license of Heritage Bank with immediate…
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Zenith Bank emerges Most Sustainable Bank in Nigeria in the International Banker Awards 2024 for second consecutive year
Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the…
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Aliko Dangote’s noble quest for Africa’s self-sufficiency and prosperity By Abiodun Alade
Africa is a resource-rich continent but relatively poor in terms of manufacturing goods. According to the 2023 African Trade Report…
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Blood, History, Economics – And Stevie Wonder By Paul Nwabuikwu
Last week, global music icon Stevie Wonder became a Ghanaian citizen. The multi-Grammy-winning singer, born Steveland Morris, celebrated this milestone…
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Imo Govt, Egyptian firm sign pact on power supply
The government of Imo State has signed a pact with an Egyptian power generation, transmission and distribution company, Madkour Group,…
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Labour declares indefinite strike from Monday
By Joan Nwagwu Abuja, May 31,2024 The leadership of the organised labour in Nigeria has declared an indefinite nationwide strike…
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NNPCL, ExxonMobil sign agreement on $1.28bn asset divestment deal
By Emmanuella Anokam Abuja, May 30, 2024 The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Thursday announced the signing…
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Fidelity Bank gets Highest Corporate Governance Rating on Stock Market
Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial bank adheres promptly to all full…
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Minister, Doris Anite, says N200bn Presidential palliative programme will support businesses in Nigeria
By Okeoghene Akubuike Abuja, May 28, 2024 Dr Doris Anite, Minister, Industry, Trade, and Investment(FMITI), says President Bola Tinubu Administration’s…
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Blue economy targets N2trn annual revenue by 2027 – Oyetola
By Gabriel Agbeja Abuja, May 28, 2024 The Ministry of Marine and Blue Economy says it is implementing a 3-pronged…
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Promise fulfilled: UBA shareholders commend 2023 superlative performance, dividend payout
….Shareholders give approval to recapitalise as directed by Regulators ….UBA pays total dividend of N95.8bn, translating to N2.80 per share…
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Oworonshoki-Apapa Expressway: Tinubu commends Dangote, describes project 10th Wonder of the World
.…We consider this project CSR – Dangote President Bola Ahmed Tinubu has described the newly commissioned Oworonshoki-Apapa Expressway as the…
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Benin Rep. joins 16 other countries to accede to establishment agreement for Afreximbank’s FEDA
KIGALI , Rwanda, May 24, 2024 The Republic of Benin has become the latest African nation to accede to the…
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NASCON grows turnover by 37%: Assures Shareholders of continuous growth, value creation
NASCON Allied Industries Plc has assured its shareholders of continuous growth and value creation in 2024. The Company gave the…
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Chevron Nigeria Limited reiterates commitment to the environmental stewardship
Lagos, Nigeria. May 23, 2024: Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company…
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Tinubu, Adesina, Obi, Ovia, Olaoye, others speak at Nigerian American Business Forum Confab in USA
Nigeria’s President Bola Tinubu, African Development Bank (AfDB) President, Dr. Akinwunmi Adesina, Presidential Candidate of Labour Party (LP) in the…
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Why we hiked Monetary Policy Rate to 26.25 per cent By Cardoso, CBN Governor (Full statement)
Full text of a statement read by the Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, after the meeting…
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CBN raises interest rate by 150 basis points to 26.25% from 24.75%
By Kadiri Abdulrahman Abuja, May 21, 2024 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has…
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