Business and Economy

By Ifeanyi Olannye Asaba, Nov 22, 2021 The Vice President, Prof. Yemi Osinbajo, has said that the Federal Government plans to inject 10 million gas cylinders in the next one year, through certified marketers in 12 pilot states. Osinbajo disclosed this at a two-day Liquefied Petroleum Gas (LPG) sensitisation under …

The yuletide season has come to life in Lagos with the 2021 Zenith Bank Christmas Light-Up Ceremony, which held at the AjoseAdeogun Street Roundabout, Victoria Island, Lagos, on Saturday, November 20 2021. With the theme “Let There Be Light”, this year marks the 15th edition of the traditional Light-up Ceremony …

Aiteo Eastern Exploration and Production says it is seeking foreign technical expertise to halt the ongoing Nov 5 oil leak at an oilfield it operates in Nembe, Bayelsa. The oil firm in a statement issued by its Spokesman, Mathew Ndianabasi on Sunday noted that the oil firm has intensified its …

By Chijioke Okoronkwo Jos, Nov. 20, 2021 Vice President Yemi Osinbajo says no fewer than six startups owned by young Nigerians have grown from scratch to billion dollar businesses in recent years. Osinbajo was the Special Guest of Honour at the Graduation Ceremony of Senior Executive Course 43, 2021 of …

In another deft strategy to intensify its debt recovery drive in the country, the Asset Management Corporation of Nigeria (AMCON) has submitted a list containing its top 1,000 obligors to the National Assembly. AMCON made the exposé to members of the House of Representatives Committee on Banking and Currency at …

By Zubairu Idris Kano, Nov. 19, 2021 Alhaji Aliko Dangote, said doctors told him that his brother, Sani, would die in an hour, and that he died when it was time, “watching the life support machine going down until it stopped working.” Dangote stated this when the National Leader of …

By Lydia Ngwakwe Lagos, Nov. 18, 2021 Speakers at the ninth anniversary lecture of Realnews Magazine have urged Nigeria and indeed African countries to stop the dependence on oil and lay emphasis on natural gas. The speakers gave the advice at the ninth anniversary lecture and investiture into the Realnews …

By Chijioke Okoronkwo Abuja, Nov. 18, 2021 The National Economic Council (NEC) says President Muhammadu Buhari has approved a fresh N656 billion Bridge Financing Facility to the 36 States. Hajiya Zainab Ahmed, Minister of Finance, Budget and National Planning, disclosed this on Thursday at a virtual NEC meeting presided over …

Lagos, Nov.17, 2021 The Director of Corporate Communications, the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi, says the apex bank’s 37 intervention programmes in the economy are responses to socio-economic situations and exigencies. Nwanisobi spoke at an Editors Master Class with the theme: “Central Bank of Nigeria Interventions as …

The Group Managing Director/Chief Executive of Zenith Bank, Ebenezer Onyeagwu, has called for increased collaboration of Nigerians in the diaspora for the nation to achieve its economic growth targets. He made the call during the 4th Edition of the Nigeria Diaspora Investment Summit (NDIS) 2021 organised by the Nigerians in …

Heritage Energy Operational Services Limited (HEOSL) a United States (US) firm on Monday announced the appointment of Mr. Adesola Adebawo as General Manager, Government, Joint Venture and External Relations. According to a statement by Chief Executive Officer of HEOSL, Mr. Naeem-Atiq Sadiq, HEOSL, a subsidiary of US based Heritage Oil …

Prominent Nigerians and Africans have confirmed their attendance to speak at the Realnews 9th Anniversary lecture holding on Thursday, November 18, at the Sheraton Hotel, Ikeja, starting 10am. Those playing prominent role in the lecture, who have confirmed their attendance in writing include Oti Ikomi, founder and chief executive officer of …

Shoppers are in for a deluge of mouth-watering deals and special offers on KongaYakata as a host of globally renowned brands unfold special packages for the sale extravaganza. KongaYakata, widely regarded as the biggest sale event in the annual shopping calendar in Nigeria, kicked off on Thursday, November 11 and …

By Itohan Abara-Laserian Lagos, Nov. 15, 2021 Seplat Energy Plc has confirmed the currency exchange rates to be applied in determining the interim dividend for the third quarter of 2021. The Company’s Chief Financial Officer, Mr. Emeka Onwuka, disclosed this in a notice sent to the Nigerian Exchange (NGX) on …

Vice President of Nigeria, Professor Yemi Osinbajo (SAN) will lead other keynote speakers, including top industry chiefs, Ministers and other government officials to address over 2000 participants at the 4th Nigeria Diaspora Investment Summit,  a Private-Sector driven initiative. The HYBRID Summit, which holds on Tuesday, November 16 and Wednesday, November …

November 14, 2021 The vice president of Dangote Group and owner of Dansa Agro-allied Limited, Sani Dangote, is dead. He is the younger brother to Africa’s richest man, Aliko Dangote. The Dangote Group has confirmed the death, saying Mr. Dangote died at a US hospital on Sunday evening. Mr. Dangote …

An additional 50 women are to benefit from the second phase of Nestlé Nigeria project – Empowering Rural Women in Nigeria. This brings the number of women reached so far under the program which aims to reach 300 women across the country to 100. The beneficiaries comprising female retailers in …

President Muhammadu Buhari has commended the Founder of the Tony Elumelu Foundation, Mr. Tony O. Elumelu on his remarkable vision in training, mentoring, and funding entrepreneurs from all 54 African countries, describing it as “a truly lasting legacy.” The President, in a statement by Femi Adesina, Special Adviser to the …

President Muhammadu Buhari Thursday in Paris, France, assured investors that investment in gas remains a top priority for the country, considering the huge benefits in terms of returns and utility. Receiving the Chief Executive Officer of Total, Patrick Pouyanne, President Buhari noted that Nigeria had made huge investments in gas, …

A huge shoppers’ surge is currently being recorded on KongaYakata as shoppers scramble to grab the special 10% discounts offered by Access Bank Plc. and Verve Nigeria to cardholders who make payment for purchases using their debit cards. Widely regarded as the biggest sale event in the annual shopping calendar …

By Ikenna Uwadileke Abuja, Nov. 11, 2021 Senate President, Ahmed Lawan, has promised that the National Assembly would support efforts to ensure enabling environment geared towards promoting creativity in the country. Lawan spoke on Wednesday in Abuja, when he declared open the 8th Edition of  Made-in-Aba Trade Fair, with the theme …

President Muhammadu Buhari Wednesday in Paris, France, said the outlook on Nigeria’s economy remains bright, with sustained investments in infrastructure, particularly ICT, that favour global businesses and a friendly regulatory environment that supports Foreign Direct Investments (FDI). In a keynote remark at the Nigeria International Partnership Forum, with focus on …

  Federal Controller of Works in Lagos, Mr Olukayode Popoola By Grace Alegba Lagos, Nov. 10, 2021 The Federal Controller of Works in Lagos, Mr Olukayode Popoola, says his ministry is fine tuning modalities for Nigerian National Petroleum Corporation (NNPC) to mobilize funding for the Badagry Expressway project. Popoola told …

  By Wandoo Sombo Abuja, Nov. 9, 2021 As part of efforts to ensure that the autogas conversion of vehicles yields the desired results, the Federal Government says it has set aside N250 billion for willing investors in autogas assembly plants in the country. The Minister of State for Petroleum …

By Itohan Abara-Laserian Lagos, Nov. 8, 2021 The Managing Director, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, has charged employees to uphold high ethical standards, integrity and sound corporate governance while providing financial services to the banking public. Onyeali-Ikpe gave the charge in a statement on Monday in Lagos as part …