The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has expressed satisfaction with what he described as the high interest of Nigerians in the agricultural sector, expressing the bank’s commitment to boosting local production. According to a statement, Emefiele said this while addressing journalists during an inspection...
BUSINESS
By JOY ADARA, Abuja – Nigerian National Petroleum Company Limited (NNPCL), formerly Nigerian National Corporation (NNPC) has expressed interest to participate in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria Integrated Power Plants (NIPPs). Managing Director of NNPCL, Mallam Mele...
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Monday said oil and gas companies liabilities to the Federation Accounts as at Dec. 31, 2020 was N1.32 trillion. Dr Orji Ogbonnaya Orji, the Executive Secretary, NEITI made this known in Abuja at the public presentation of reports on Oil, Gas...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Group of Companies has begun commemorating the International Women’s Day 2022 through a series of Closing Gong Ceremonies to celebrate recently appointed female Board Chairpersons and Chief Executives of listed companies and their affiliates who were appointed in 2021. The events which...
…Highlights 5G’s socio-economic benefits The AfricaNXT Conference 2022, known previously as Lagos Social Media Week, has ended on a historically impressive note for the Nigerian Communications Commission (NCC), having drawn the largest attendance and participation at a single session during the conference, where its team discussed the socio-economic benefits...
Vice-President Yemi Osinbajo says with the evolvement of technology, there is the need to equip Nigerians with the requisite knowledge and skills to drive innovations to solve challenges. Osinbajo made this known in Abuja on Saturday, at the 2021/2022 First Lego League (FLL) Championship in Robotics with the theme:...
By OLA MUDOPE, Lagos – Airtel Nigeria on Friday said it is supporting its customers to make free calls to war-ravaged Ukraine so as to reach their friends and families there. The Chief Executive Officer of Airtel Nigeria, Mr Surendran Chemmenkotil, who disclosed this on Friday in Lagos, said...
No fewer than 1,073 Micro Small and Medium Enterprises (MSMEs) in Adamawa are to benefit from the World Bank intervention programmes through the Nigeria COVID-19 Action Recovery Economic Stimulus (NG-CARES). Hajiya Aishatu Bello, Project Manager, who disclosed this at the news conference on Friday in Yola, added that those...
By JOY ADARA, Abuja – The Executive Vice Chairman of Nigerian Communications Commission (NCC) , Prof. Umar Danbatta, has said the current efforts of NCC to facilitate deployment of the 5G technology will further catalyse the innovativeness and creativity of the entertainment industry in Nigeria and raise its productivity...
Strong indications have emerged that businesses and corporations in Nigeria are warming up to leverage the high-speed, capacity and low latency features of the forthcoming Fifth Generation (5G) network rollout in Nigeria. The intense anticipation and enthusiasm take life from the desire of digitally-literate Nigerians ready to harness the...
By OLA MUDOPE, Lagos – Software Group, a global financial technology provider, has announced the launch of its Fast-track Agency Banking software for Nigerian banks that want to expand their reach at speed and competitive cost. In a statement issued on Thursday, the group said the launch would provide...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Group (NGX Group) Plc has announced that it has released its full audited results for the year 2021. The Group’s audited results revealed that its gross earnings grew to N6.8 billion from N6.0 billion, resulting in a 13 per cent increase, while...
The Group Managing Director, Nigeria National Petroleum Corporation Limited (NNPC) Malam Mele Kyari, says the corporation is being transformed to be the fifth Gas producing company in the world. Kyari noted that NNPC was currently working on a platform that would create a hub of gas industries that would...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria’s proven natural gas reserve has risen to 209.5 Trillion Cubic Feet (TCF) as at Jan. 1, 2022. Mr Farouk Ahmed, Chief Executive, NMDPRA, said this on Wednesday at the 2022 Nigeria International Energy Summit (NIES) in Abuja. The...
Some Domestic Airlines` Executive Officers have said that airfares hike is long overdue in Nigeria. The officers made the assertion during separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Abuja. According to them, some charges to be paid by the airlines have been skyrocketed while...
Nestle Nigeria Plc says it recorded revenue of N351.8 billion as at the year ended Dec. 31, 2021. The company said this in a statement signed by Mrs Victoria Uwadoka, Corporate Communications and Public Affairs Manager, on Wednesday in Lagos. The figure represents 22.6 per cent growth over the...
U.S. companies Apple, Google, Ford, Harley-Davidson, Boeing and Exxon Mobil rebuked and rejected Russia for its invasion of Ukraine, under steady pressure from investors and consumers decrying the violence. Apple Inc late on Tuesday said it had stopped sales of iPhones and other products in Russia, adding that it...
Managing Director, Shell Nigeria Exploration and Production Company, Mrs. Elohor Aiboni; flanked by the Minister of State for Petroleum Resources, Chief Timipre Sylva; and the Executive Secretary and Chief Executive Officer, Nigerian Content Development and Monitoring Board, Mr. Simbi Wabote, celebrating the emergence of Aiboni as the 2021 Women...
Oil price surges to $105 a barrel ahead of a meeting of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies. On Tuesday, Brent Crude futures settled up 7.35 percent to $105.66 a barrel, at 16.30 GMT+1. West Texas Intermediate Crude futures proportionally gained 7.54 percent to...
Chinese technology company, Hauwei Technologies on Tuesday said it had developed an intelligent pipeline monitoring system to help tackle crude oil theft in Nigeria. Mr Li Wei, Director of Huawei Nigeria Enterprise Business, made this known at a news briefing on the sidelines of the ongoing Nigerian International Energy...