The Oilserve Ltd., contractor handling the ongoing Ajaokuta-Kaduna-Kano (AKK) gas pipeline project says once completed, it will spur midstream and upstream activities in Nigeria. The project which spans a length of 614 kilometres is being developed by the Nigerian National Petroleum Company Ltd. (NNPC) to transport natural gas from...
BUSINESS
By OLA MODUPE, Lagos – Air Peace has relaunched direct flights from Lagos and Abuja to Dubai at a promo fare of N325,000 for a return economy flight. The airline’s spokesperson, Stanley Olisa announced this in a statement issued on Thursday in Lagos. He said the airline had introduced...
By OLA MODUPE, Lagos – Popular music star, Oluwatosin Ajibada, AKA Mr Eazi, has revealed why he chose Rwanda as his next investment destination for his businesses. According to Mr. Eazi, Rwanda is fast turning into a preferred location for technology and innovation through a combination of visionary leadership...
The Nigerian Communications Commission (NCC) and Google Global Services Nigeria have expressed determination to work together toward advancing the actualisation of auspicious national targets for ubiquitous broadband access in furtherance of Nigeria’s digital transformation policy. Receiving the Google delegation, the Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of...
By BENJAMIN ORISEMEKE, Abuja – Access Bank Plc led other nine banks in the country in the amount realized from commissions and fees in 2021, netting a whopping N118.56bn as against N93.57bn generated during the same period in 2020. Net fee and commission income is the actual revenue generated...
The African Export-Import Bank (Afreximbank) says discussions were ongoing to assist the country from the $4 billion Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA) launched last month. According to it, the move would help mitigate the impact of the food and fuel crises in Nigeria. Prof. Benedict...
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production declined to an average of 1.354 million barrels per day in March 2022. OPEC made this known in its Oil Market Report for April 2022 which was obtained by the News Agency of Nigeria ( NAN)...
By BENJAMIN ORISEMEKE, Abuja – The economy of Europe and Central Asia is expected to shrink by 4.1 percent this year, compared with the pre-war forecast of 3 percent growth, as the economic shocks from the war compound the ongoing impacts of the COVID-19 pandemic. In its Economic Update...
By TOM CHIAHEMEN, Johannesburg – Two years after it halted operations due to the pandemic, Ethiopian Airlines, Africa’s best airline and the largest aviation group in Africa, has resumed thrice weekly passenger flights to Bengaluru, India. The flight operations were resumed on 27 March 2022, the airline said in...
By BENJAMIN ORISEMEKE, Abuja – The Minister of Finance, Budget and National Planning, Zainab Ahmed on Monday revealed that corporates, individuals, Ministries, Departments and Agencies (MDAs) are indebted to the federal government to the tune of N5.2 trillion. Nigeria is expected to borrow over N5 trillion to finance its...
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) has informed telecoms consumers, whose Subscriber Identity Module (SIM) cards are barred from making calls, that affected SIMs will not be unbarred by the service providers until they are linked with the National Identification Numbers (NINs) of the SIM...
MTN Nigeria, one of the leading Telecommunication firms in Nigeria, is set to begin a payment service bank. This comes after it got approval from Nigerian regulators to run a payment service bank, the wireless carrier said in a regulatory filing on Monday. “The date of commencement will be...
The Central Bank of Nigeria of Nigeria (CBN) said it would begin payment of N65 rebate to exporters who sold their goods through the importers and exporters (I&E) window, at the end of the first quarter. CBN Governor, Godwin Emefiele, said this shortly after signing the Term Sheet between...
Consistent with its recognition of the academia as a central stakeholder in its commitment to linkages and local development sphere of the Nigeria’s telecommunications sector, the Nigerian Communications Commission (NCC) has awarded fresh research grants and endowed professorial chairs in some Nigerian universities in the sum of N233 million....
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emiefele and Mr Temitope Ogunsemo, the founder of Krystal Digital Solutions L.td., have been listed in the Forbes Africa Undiscovered Series for Nigeria. Mr Uri Onojake of GLG Communications, a consultancy firm, made the disclosure in a statement on...
United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustaining its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the Transcorp Hilton Hotel, Abuja, monitored virtually in Lagos. He...
…As NASRDA boss hails ICRC as key to Nigeria’s devt By BENJAMIN ORISEMEKA, Abuja – The Infrastructure Concession Regulatory Commission (ICRC) has thrown its weight behind the National Space Research and Development Agency (NASRDA) in its quest for effective satellite solutions in rural areas. Acting Director General of the...
By BENJAMIN ORESEMEKA, Abuja – The Securities and Exchange Commission (SEC) has said it is currently working along with other agencies on a sectoral strategy to tackle any potential cyber security threat on the Nigerian capital market. The Director-General of SEC, Mr Lamido Yuguda disclosed this on Thursday while...
United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustain its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the Transcorp Hilton Hotel, Abuja, monitored virtually in Lagos. He...
Zenith Bank in a constant growth drive is exploring new business verticals with particular interests in retails segments to sustain its leadership in the financial sector. Already shareholders of the Bank Plc, have expressed confidence in management of the Bank, which they openly demonstrated at the 31st Annual General Meeting...