06th December 2023 Port Harcourt, Nigeria The Nigeria Employers’ Consultative Association (NECA) has conferred Nigeria LNG Limited (NLNG) the Investment in Societal Renewal and Corporate Social Responsibility (CSR) Award, recognising the Company’s unparalleled commitment to CSR initiatives in Nigeria. At the 3rd Annual NECA Employers’ Awards held in Lagos recently, …
Read More »NNPC to work with partners to reduce methane emissions – Eyesan, EVP Upstream
NNPC Ltd. has expressed its commitment to work with global partners in the march towards reducing methane emissions in oil and gas operations. On the sidelines of the ongoing United Nations Climate Change Conference, also known as COP28, taking place in Dubai, the United Arab Emirates, the Oil and Gas …
Read More »DMO auctions 4 FGN bonds valued at N360bn
Director-General of the DMO, Patience Oniha By Kadiri Abdulrahman Abuja, Dec. 5, 2023 The Debt Management Office (DMO), on Tuesday announced the offer for subscription of four Federal Government of Nigeria (FGN) bonds valued at N360 billion through auction. According to a statement issued by the DMO, the first offer …
Read More »FIRS cancels penalties, interests on pending tax liabilities
By Kadiri Abdulrahman Abuja,, Dec. 3,.2023 The Federal Inland Revenue Service (FIRS), has approved amnesty on penalties and interests for outstanding tax liabilities. The Chairman of FIRS, Zacch Adedeji, said this in a statement on Sunday in Abuja. The News Agency of Nigeria (NAN) reports that the FIRS imposes sanctions …
Read More »U.S. to invest $600m in private investments in Africa
By Fortune Abang Abuja, Dec. 3, 2023 The U.S. says it is set to invest $600 million in private investments and infrastructure in Africa as partnership towards deepening global alliance. David Greene, Chargé d’Affaires of the U.S. Embassy in Nigeria, disclosed this to the News Agency of Nigeria (NAN) on …
Read More »Coker-Odusote: 100 days at the helm of NIMC By Walter Duru, Ph. D
It was Albert Einstein that once said that “setting an example is not the main means of influencing another, it is the only means.” That sentiment expressed by Einstein is the primary essence behind the theory of transformational leadership, which requires passion, charisma, and the ability to motivate others. Transformational leaders are …
Read More »Zenith Bank signs MOU with CFA Institute for human capital development in finance and investment
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to promote efforts and activities that support the formation, training, and updating of human capital in finance and investment for the overall development of the Nigerian financial services sector. The MoU, was signed …
Read More »CBN directs banks to issue, accept old, re-designed Naira banknotes
The Central Bank of Nigeria (CBN) has directed all its branches across the country to continue to issue and accept all denominations of Nigerian banknotes, old and re-redesigned, to and from deposit money banks (DMBs). This, according to a statement by Sidi Ali, Hakama (Mrs.), the Bank’s Ag. Director, Corporate …
Read More »Hakama Sidi Ali, emerges CBN Spokesperson
The Central Bank of Nigeria (CBN) has appointed a professional Public Relations practitioner, Mrs. Hakama Sidi Ali, as its new Acting Director of Corporate Communications. Mrs. Ali is a recognised member of the Nigeria Institute of Public Relations (NIPR), who served as Deputy Director in the same Department at the …
Read More »$43.7bn trade, investment deals sealed at Cairo meeting – Afreximbank
By Okeoghene Akubuike Abuja, Nov. 29, 2023 Afreximbank says about 43.7 billion dollars worth of trade and investment deals were sealed at the just concluded Intra-African Trade Fair (IATF2023) held in Egypt. Kanayo Awani, Intra-African Trade Bank, Afreximbank Executive Vice-President, said this at the Post-Event Virtual News Conference held in …
Read More »IMO: Oyetola holds bilateral talks with Saudi Arabia, Bangladesh, Brazil, Jamaica
…as Nigeria sets to sign MoU with Saudi Arabia The minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, continued bilateral discussions with ministers and representatives from the Kingdom of Saudi Arabia, Bangladesh, Brazil and Jamaica, expressing Nigeria’s government interest in learning from their knowledge and experiences. This was …
Read More »Nigeria’s Blue Economy direction goes on global stage
Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh OFR has arrived London as part of Nigeria’s delegation to the 33rd session of the International Maritime Organisation (IMO) General Assembly. A statement by Osagie Edward, Assistant Director, Public Relations, NIMASA, said that the Honorable Minister of …
Read More »UNGA member-states vote in support of adoption of Convention on International Tax Cooperation
The Member-States of the United Nations General Assembly (UNGA) have voted with a majority of 125 in favor of adopting a Convention on International Tax Cooperation. The resolution A/C.2/78/L.18/Rev.1, tabled by the African Group (AG) under the title: “Promotion of inclusive and effective international tax cooperation at the United Nations”, …
Read More »Zenith Bank activates the spirit of Christmas with Ajose Adeogun Street Light-Up
In a splendid display, Zenith Bank heralded the Christmas and Yuletide seasons with the Light-Up of Ajose Adeogun Street and Roundabout, Victoria Island, Lagos, on Saturday, 25 November 2023. The Light-Up ceremony was performed by the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu. This year’s Light Up …
Read More »Celebrating You 2023, powered by TD Africa holds on December 3
Lagos, Nigeria TD Africa, the leading distributor of cutting-edge technology and lifestyle products in Sub-Saharan Africa, is poised to host the highly awaited return of “Celebrating You,” a landmark year-end event that stands as the apex of Nigeria’s flourishing technology landscape. Scheduled for December 3, 2023, at the prestigious Konga …
Read More »We deployed aircraft, 5 vessels to contain spill at TotalEnergies Egina field – NOSDRA
By Nathan Nwakamma Yenagoa, Nov. 25, 2023 The National Oil Spills Detection and Response Agency (NOSDRA) says it deployed an aircraft and five vessels to contain the oil leakage from Egina facility operated by TotalEnergies. According to the spills agency, the response aircraft and vessels were used to apply dispersants …
Read More »CBN plans new round of recapitalisation for banks
By Lydia Ngwkawe Lagos, Nov. 25, 2023 The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs). Mr. Olayemi Cardoso, the CBN Governor, announced this at the 58th Annual Bankers’ Dinner organised by the Chartered Institute …
Read More »Performance monitoring: NIMASA DG signs bond for 2023-2027 with Ministry
You have no choice but to perform – Oyetola We will not fail – Jamoh The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr Bashir Jamoh OFR, has signed a performance bond for Ministerial Deliverables from 2023-2027 with the Ministry of Marine and Blue Economy. The …
Read More »NNPCL GMD Kyari, assures of steady fuel supply, ahead of yuletide
By Kingsley Okoye Abuja.Nov.21,2023 The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Alhaji Mele Kyari has assured that in three months the country would not experience fuel queues. Kyari said this when he paid a courtesy visit to the leadership of the Senate. He said that …
Read More »Waltersmith Refinery, NCDMB improving domestic refining capacity says Minister; Hails initiative
The Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has commended Waltersmith Group and the Nigerian Content Development and Monitoring Board (NCDMB) for supporting the Federal Government agenda of improving domestic refining capacity. Speaking on Tuesday during a facility tour of Waltersmith Petroman Oil Limited, Ibigwe, Ohaji-Egbema Local Government …
Read More »Universal Green Energy Access Programme, Union Bank partner to propel renewable energy market
Lagos, Nigeria Luxembourg based Universal Green Energy Access Programme (UGEAP), and Union Bank of Nigeria have formalised the basis for a strategic partnership to catalyse the development of the renewable energy market in Nigeria. This collaboration, marked initially by a Memorandum of Understanding (MoU), aims to drive sustainable energy access …
Read More »Sterling Bank again wins Overall Best Workplace in Nigeria
Sterling Bank Limited, Nigeria’s leading financial institution, has again emerged as the 2022 Overall Best Workplace in Nigeria in the large corporate category awards organised by the Great Place to Work (GPTW). Since 2020, the Bank has continued to win the overall best workplace award of the GPTW. According to …
Read More »Economic recovery: Editors’ confab x-rays govt. action, highlights media’s role
By Grace Alegba Lagos, Nov. 20, 2023 The Nigerian Guild of Editors (NGE) has aligned with measures so far adopted by the Federal Government to revive the economy. This is contained in a communique issued by the NGE in Lagos on Monday, following its just-concluded four-day annual conference in Uyo, …
Read More »NIMASA, Nigerian Navy inaugurate joint committee on Blue Economy
The Nigerian Maritime Administration and Safety Agency, NIMASA, and the Nigerian Navy have inaugurated a Committee to establish ways in which the synergy between both organs of government can be channeled into creating a welcoming environment for investment in the Blue Economy. The Flag Officer Commanding (FOC West), Rear Admiral …
Read More »African Group seeks endorsement of UN Tax Convention resolution
By Cecilia Ologunagba New York, Nov. 17, 2023 The Chair of the African Group, Amb. Chola Milambo, is soliciting political endorsement by UN Member States of the resolution on the Framework Convention on International Tax Cooperation. The framework is a landmark initiative reflective of the collective commitment to fairness …
Read More »