By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX) has restated its commitment to support the Debt Management Office (DMO) to deepening the capital market. The CEO, NGX, Mr. Temi Popoola, CFA disclosed this at a strategic meeting with market stakeholders organised by the DMO in Lagos last week. ...
BUSINESS
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX) on Friday hosted the leadership of Capital Market Solicitors Association (CMSA) to a closing gong ceremony which is part of the association’s activities to commemorate 20years of impact in the Nigerian capital market. In his opening remarks, Chief Executive Officer,...
The Nigerian National Petroleum Company (NNPC) Limited started its week with an assurance to Nigerians that the distribution of Premium Motor Spirit (PMS) would soon normalise after it recalled the bad product imported into the country last week. The NNPC Group Executive Director (GED) Downstream, Adetunji Adeyemi, gave the...
By TOM CHIAHEMEN, Lagos – It has been revealed that prior to the adoption of local content by the Obasanjo Administration, the Nigerian Oil and Gas industry was characterized by massive capital flights of over $380 Billion and an estimated two million job losses over a 50-year period. Also,...
By JOY ADARA, Abuja – The Federal Inland Revenue Service (FIRS) has stated that it would use the instrumentality of the Finance Act 2021, through collaboration with taxpayers and key stakeholders to ensure adequate funding of the country’s budget and raise the requisite financing for national development. This was...
Global trade reached a record high in 2021, but it is expected to slow in 2022 for many reasons including continuing delays in global supply chains, UN economists said on Thursday. Announcing that worldwide commerce amounted to around 28.5 trillion dollars in 2021, the UN Conference on Trade and...
The Central Bank of Nigeria on Thursday kicked against plans by the Senate to enact a new anti-money laundering law. The apex bank put forward this position during a public hearing by a Senate Joint Committee – anti-corruption, financial crimes, judiciary and human rights – on three different anti-corruption...
Says 5G will revolutionize the fourth industrial revolution…. By CALLISTUS OFFOR, Abuja – The Minister of Communication and Digital Economy, Professor Isa Pantami on Thursday said the introduction of the National Policy on 5G networks would revolutionize the fourth industrial revolution in the country and the entire globe. Prof....
Taopheek Babayeju, a Nigerian entrepreneur and CEO of iCentra has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide. Babayeju was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria...
Twitter has announced the addition of the pan-African payment solutions Barter by Flutterwave and paga as additional payment providers to a feature on its platform called Tips. Tips is a new way to monetise on Twitter and enables people on the service to send and receive funds as a...
The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) on Tuesday in Abuja, said that it had so far registered three million Micro, Small and Medium Enterprises (MSMEs) under its mass registration Programme. The Director-General, SMEDAN, Dr Dikko Radda, disclosed this at the 27th regular valedictory meeting of...
The Nigerian Institute of Electrical and Electronic Engineers (NIEEE) has given the leadership of the Nigerian Communications Commission (NCC) a pat on the back for setting the pace of 5G deployment in Africa.The Engineering body in a statement signed by its outgoing National Chairman, Engr. Kings Adeyemi, singled out...
The Statistician-General of the Federation, Mr Simon Harry, the present fuel crises being experienced across the nation may have adverse effect on inflation rate. Mr. Harry said this on Tuesday in Abuja, at a media conference to announce the January 2022 Consumer Price Index (CPI). Harry said that the...
Dr Mohammad Barkindo, Secretary-General, Organisation of Petroleum Exporting Countries (OPEC) has received a special award at the Egypt Petroleum Show (EGYPS) 2022 for his achievements. This is contained in a statement released by OPEC on Tuesday in Cairo, Egypt and obtained by the News Agency of Nigeria ( NAN)...
Amid rising worry in the increasing price of cooking gas, a talented Nigerian man based in Jekadafari area of Gombe State has offered an alternative in a remarkable innovation he made – a water-cooking stove. 67-year-old Hadi Usman’s water-cooking stove is said not to require the use of gas...
Aliko Dangote got off to a great start in 2022, adding about $950 million to his fortune since the year began. The Nigerian billionaire’s wealth rose following a year-to-date price increase in the shares of Dangote Cement Plc. Last year MTN Nigeria made a net revenue of 298.65 billion...
The Nigerian Ports Authority (NPA) says building of modern and resilient ports infrastructure will fast track the country’s economic development. The acting NPA Managing Director, Mr Mohammed Bello-Koko, made this known in a statement in Lagos on Saturday signed by Mr Ibrahim Nasiru, General Manager, Corporate and Strategic Communications,...
The Joint National Assembly Committee on Aviation have expressed concerned over incessant flight delays and cancellations experienced by passengers in the country’s aviation industry. The Senate and House Committee Chairmen on Aviation, Smart Adeyemi and Nnolim Nnaji, made this known in a joint briefing during an oversight visit to...
By EZEKIEL OBI, Abuja – Star Alliance has been named Airline Alliance of the Year at the Air Transport Awards for the fourth consecutive time. The Air Transport Awards recognise excellence and innovation in various categories of the global aviation sector. A panel of aviation industry experts selected Star...
Mr Olutokun Toriola, Chief Executive Officer, MTN Nigeria, has urged Small and Medium Enterprises (SMEs) to use the data presented to them through telecommunication companies and financial systems to access capital. Toriola, gave the advice on Friday at the Sparkle’s webinar for SMEs with the theme: ’’Simplifying Support for...