.The Nigerian National Petroleum Company Limited (NNPC Ltd.) started it activities for the new week with words of commendation from the Nigeria Extractive Industries Transparency Initiative (NEITI). The Executive Secretary of NEITI, Dr Ogbonnaya Orji, stated at the first National Extractives Dialogue (NED) held in Abuja, that the NNPC...
BUSINESS
The African Development Bank Group (AfDB), says it is implementing infrastructure projects worth 11.5 billion dollars in West Africa. Ms Marie-Laure Akin-Olugbade, the Director-General, West Africa Regional Development and Business Delivery Office of the Bank, said this in a telephone interview with the News Agency of Nigeria (NAN) on...
Dr Mohammad Barkindo, the Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), said one of its cardinal achievements was the launch of the inaugural OPEC Africa Dialogue in June 2021. Barkindo made this known on Friday in a letter he addressed to Mr Anibor Kragha, the Executive Secretary, African Refiners...
Since his appointment as MD/CEO of First Bank of Nigeria Limited in 2016, Dr. Adesola Adeduntan has completely transformed the financial institution and has made it attractive to every strata of the society. From an institution that used to be perceived as an old-generation bank, FirstBank is now a...
Registration for the eNaira hackathon, geared towards ideating innovative solutions for the newly launched digital currency, organised by the Africa Fintech Foundry (an innovative hub established to identify and accelerate innovative startups in Africa), in partnership with the Central Bank of Nigeria (CBN), is billed to open on June...
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), has faulted reports in media circles suggesting that the payments of overseas tuition fees from Nigeria will cost more as from January 2023, due to the purported withdrawal of the “Form A” Discounted rate, with effect from December...
One of the leading Commercial Bank in Nigeria, Polaris Bank in partnership with the Central Bank of Nigeria (CBN) has urged exporters in the non-oil sector to embrace RT USD 200billion programme in a bid to boost the nation’s economy. The financial institution made the appeal recently in Calabar...
Salubata Technologies, a Nigerian start-up has emerged as one of the top four winners of Kigali Startup Festival 2022 at the Commonwealth Youth Forum (CYF) in Kigali, Rwanda. Yewande Adebowale, the Chief Operating Officer (COO) of Salubata, which transforms plastic wastes into customised shoes, received a prize of 10,000...
Vodafone Germany on Tuesday said it would recycle more than one million old mobile phones from Africa. The Dutch firm’s Closing the Loop would help in the endeavour to gather old phones primarily from Nigeria, Ghana and Cameroon and transport them to Europe for recycling there. The project is...
Ericsson, a Swedish multinational telecommunications company predicted that the 5G would reach 4.4 billion by 2027 globally. Ericsson made this known in the latest edition of its mobility report released on Tuesday. It also predicted that with current global trends, 5G subscription would pass the one billion milestone by...
The International Air Transport Association (IATA) says Nigeria is holding back about $450 million in revenue earned by foreign airlines operating in the country. Vice President for Africa and the Middle East, IATA, Kamil Al Awadhi, made the remark on Sunday at the opening of its 78th annual general...
The activities of the Nigerian National Petroleum Company Limited (NNPC Ltd.) for the new week started with a cheering news that the company would begin operation on July 1 as a limited liability company. The operation as a limited liability company is under the Companies and Allied Matters Act...
In furtherance of the need to empower female business owners across the country, The ELOY Foundation, in partnership with FirstBank presents the ELOY Foundation Business Shower, created to support female entrepreneurs on their journey to building sustainable businesses. The support from FirstBank will be carried out through the FirstGem...
The Nigerian Communications Commission (NCC) has tasked telecommunications consumers on the need to protect its infrastructure in the country. The Commission said the consumers had a major role to play in complementing efforts being put in place by the Commission to curb such menace. The NCC gave the advice...
Meta, the parent company for WhatsApp, Facebook and Instagram, on Monday said it had launched a digital non-profit training programme for 1,500 NGO personnel across Anglophone West Africa. Meta, in a statement, said the digital capacity building programme was aimed at supporting the non-profit and social impact sector across...
Investors lost the sum of N767bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market opened for four trading days last week as the Federal Government declared Monday as a public holiday to commemorate the 2022 Democracy Day celebration. The NGX...
The National Bureau of Statistics (NBS) says the average price of refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N3,921.35 in May 2022. This is contained in the NBS Liquefied Petroleum Gas (Cooking Gas) Price Watch for May 2022 released in Abuja on Sunday. The...
Bitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level since December 13, 2020. With investors increasingly wary of risk, the world’s most popular crypto asset has lost more than 72 percent of its value since reaching a high...
The Nigerian Communications Commission (NCC) has finally signed a Public Private Partnership (PPP) agreement with its consultant, 3R Company Nigeria Limited, for the execution of the Revenue Assurance Solutions (RAS) to strengthen and manage the integrity of revenue generation process in the Nigerian telecommunications industry. A statement issued on...
The National Bureau of Statistics (NBS) says that on the aggregate, Value Added Tax (VAT) collection stood at N588.59 billion in the first quarter of 2022. It stated on Friday in Abuja that the collections recorded a growth of 4.41 per cent on a quarter-on-quarter basis from the N563.72...