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Business and Economy

Jamoh has excelled as NIMASA DG – Goje 

  – Inducted as Fellow of Nigerian Institute of International Affairs.  The Chairman Senate Committee on Marine Transport, Senator Danjuma Goje has commended Dr Bashir Jamoh, OFR, for his sterling performance as the Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA.   Senator Goje, who spoke as …

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 $547million generated from 5G auction, says Buhari; Applauds ICT sector for driving growth  

President Muhammadu Buhari Tuesday in Abuja eulogized contributions of the digital economy in driving growth, creating employment and generating revenue for the country, saying auctioning of the 5G spectrum alone generated $547 million, further fueling options for funding development. President Buhari, accompanied by the Minister of Communications and Digital Economy, …

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Sterling Bank launches MBN, set to showcase best of Nigeria at maiden fair

Lagos, Nigeria, 19, December 2022: As part of its commitment to the growth and development of Nigerian businesses and the economy, Sterling Bank Plc, Nigeria’s leading financial institution, has created the Made-By-Nigerians platform. The Made-by-Nigerians platform is a community designed to showcase the best products and services made by Nigerians, …

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Envoy, govs market Nigeria’s investment opportunities in U.S.

By Cecilia Ologunagba Washington D.C., Dec. 16, 2022 Nigeria’s Ambassador to the U.S., Dr (Mrs.) Uzoma Emenike, has reassured potential U.S. investors of the rich investment opportunities in Nigeria. Emenike gave the assurance at the “Presidential Dialogue: U.S.-Nigeria Business and Investment Forum Business Roundtable with President Muhammadu Buhari,” on Friday …

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Nestlé Nigeria Plc receives two awards at 16th SERAS CSR and Sustainability Awards

Nestlé Nigeria Plc recently in Lagos received two awards at the 16th SERAS CSR and Sustainability Awards – #theserasawards2022. The awards are Best Company in Rural Population Integration, and Best Company in Circular Economy. These awards, according to the frontline company, “validate the social impact Nestlé makes by improving livelihoods …

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Nestlé Nigeria commissions a new Milk Collection Centre in Kaduna

On Tuesday December 6, 2022, the Honourable Commissioner for Agriculture, Kaduna State – Malam Ibrahim Hassaini inaugurated Nestlé Nigeria Milk Collection Center at the Ladugga Grazing Reserve in Kachia LGA, Kaduna State. This milestone brings the milk collection and cooling capacity of Nestlé’s Dairy Development Program to 3000trs/day in Ladduga …

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NIMASA wins Taxation Institute Award as Jamoh bags 2022 outstanding Service to Taxation recognition

The Nigerian Maritime Administration and Safety Agency, NIMASA, has received commendation for its corporate citizenship performance by the Chartered Institute of Taxation of Nigeria, CITN, having received the ‘Corporate Organization Award’ just as the Agency’s Director General, Dr. Bashir Jamoh OFR, was recognized with the 2022 ‘Outstanding Service to Taxation …

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NNPC/CNL Joint Venture secures $1.4B financing for infill drilling program

Lagos, Nigeria.   Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (“NNPC”) and CNL (“NNPC/CNL JV”) has confirmed that $1.4 Billion financing has been secured to fund the NNPC/CNL JV infill drilling program (“Project”) between 2022 to 2026. The financing arrangement was executed on …

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FG, governors discuss proposed 2022 Finance bill at Extraordinary National Economic Council meeting

By Chijioke Okoronkwo Abuja, Dec. 1, 2022 The National Economic Council (NEC) has resolved to update the draft Finance Bill with additional inputs from state governors before the bill goes to the Federal Executive Council (FEC). Senior Special Assistant to the President on Media and Publicity, Office of the Vice-President, …

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Oyetola left N76bn salary, pension debts – Official; Says claim by ex-Gov. that he left N14billion cash for Adeleke false

By Olajide Idowu Osogbo, Dec.1, 2022 Mrs. Bimpe Ogunlumade, Permanent Secretary, Ministry of Finance in Osun, says the state government has discovered salary and pension-related debts, amounting to over N76 billion, left by the immediate past Gov. Adegboyega Oyetola’s administration. A statement by Mr. Olawale Rasheed, the Spokesperson of Gov. …

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