Business and Economy

  – 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 …

Madam Eunice O. Adesina, the mother of the President of the African Development Bank and former Minister of Agriculture of Nigeria, Dr. Akinwunmi Adesina, has passed onto glory, aged 92. Mr. Adesina announced the transition of Madam Eunice, in an emotion-laden tweet. He said: “My darling mother, Eunice O. Adesina …

Dangote Cement Plc has had its Carbon Disclosure Project (CDP) rating raised from B- to B in recognition of the cement producer’s commitment to climate change. The rating upgrade indicates that Dangote Cement has addressed the environmental impact of its business and ensures good environmental management. This upgrade demonstrates the …

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, …

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, …

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 …

President Muhammadu Buhari Friday in Washington DC asserted that Nigeria remains the best destination for American investors to put their money. According to the President, aside the population advantage in size and demography, various incentives and policies emplaced by the Nigerian Government make the country a destination of choice for …

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 …

Shareholders of Dangote Cement, unanimously on Tuesday authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution.  The company had earlier indicated an interest in undergoing a share buyback programme, in respect of …

    -NIMASA working with countries of CoC mutual recognition- Jamoh. -Stakeholders urge beneficiaries to be good Ambassadors. NLNG employs 46 NSDP beneficiaries and still counting.   The Nigerian Maritime Administration and Safety Agency NIMASA has sent forth 235 Nigerians to Indiaand Greece as batch B of the 435 young Nigerians …

By Ismaila Chafe Abuja, Dec. 11, 2022 Presidency has dismissed as fake and untrue that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, could not account for about N89.1 trillion the CBN collected as Stamp Duty charges. The News Agency of Nigeria (NAN) reports that a member …

Socio-Economic Rights and Accountability Project (SERAP) has urged the nine oil producing states in Nigeria to “provide and widely publish details of spending of the oil derivation refunds of N625bn recently paid to them by the Federal Government, including details and locations of projects executed with the money.” The Federal …

The founder of the Billionaire Christian movement, Mr. Olatayo Ajiboye had narrated how he was inspired by God to start training youths on the sound principles of prospering through establishing and running genuine businesses. Olatayo, a serial entrepreneur and chairman of Talentcity International Limited, traced his motivation to a call …

By Ige Adekunle Sango-Ota (Ogun), Dec. 8, 2022 Dr Samuel Nzekwe, ex-president, Association of National Accountants of Nigeria (ANAN), says the new cash withdrawal policy of the Central Bank of Nigeria (CBN) would enhance financial inclusion and curb fraudulent practices. Nzekwe said this in an interview with the News Agency …

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 …

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 …

Polaris Bank has reaffirmed its commitment to support the growth of Small and Medium Enterprises (SMEs) in Nigeria. The Bank in a statement gave this assurance while disclosing plans to sponsor The Fashion Souk 7.0. The statement further noted that 3 successful entrepreneurs who emerge winners in a business pitch …

Zenith Bank Plc has emerged as Bank of the Year in Nigeria in The Banker’s Bank of the Year Awards 2022. The award, which was announced by The Banker Magazine, Financial Times Group, United Kingdom, during the awards ceremony held in London on December 1, 2022, was in recognition of …

Now available at Authorized Mercedes-Benz Dealerships nationwide in Nigeria.   The all-new C-Class is the perfect combination of comfort and performance. It is built with the singular objective of helping people escape the stress of everyday life into a luxurious retreat, into your own comfort zone. Being one of Mercedes-Benz’s …

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 …

The importance of canteens and ‘bukas’ who serve those with limited disposable income in Nigeria cannot be overemphasized. Yet, these food vendors and caterers who help to meet the nutrition needs of busy urban communities every day, do not always get the support they need to build successful businesses. The …

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, …

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. …

LAGOS The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says a total of $4.987 Billion has been repatriated into the country by non-oil exporters in 2022, under the Race to US$200 Billion in Foreign Exchange (FX) Repatriation (RT200) programme launched in February 2022 by the CBN, …

The memory of Professor Oyewusi Ibidapo-Obe, a former Vice Chancellor of the University of Lagos, came alive as Zenith Bank Plc named the iconic building housing its Unilag Branch and the University of Lagos (Unilag) Alumni in his honour on Friday, November 25, 2022.  In his opening remarks at the …