American Corner, a United States Consulate initiative in partnership with Pelse consulting, have unveiled an accelerator programme for 50 Small and Medium Enterprises (SMEs) in Q1, 2022. The Managing Partner, Pelse Consulting, Mr Oluwafemi Boboye, made this known in an interview with the News Agency of Nigeria (NAN) on...
BUSINESS
The Nigerian National Petroleum Company (NNPC) Limited has assured of its commitment to further deepen ties with its host communities as it begins activities for 2022. NNPC gave the assurance through the Nigerian Petroleum Development Company Limited (NPDC), one of its upstream subsidiaries. In achieving this, NPDC, recently organised...
Air travel continued to be severely disrupted in the United States on Saturday, with bad weather in parts of the country adding to the impact of a massive spike in Covid-19 infections fuelled by the Omicron variant. The United States had 2,723 cancelled flights, more than half of the...
Nigerian naira on Friday crashed to a new low against the dollar at the official market. According to TheCable, the currency exchanged N435 against the dollar at the official market. his is coming as the Central Bank of Nigeria (CBN) adjusted the country’s exchange rate on its website...
Federal Government of Nigeria through the Minister of State for Environment, Sharon Ikeazor, has said it would continue to collaborate with Nigerian Exchange Limited (NGX) to build a framework that will help issuers navigate climate disclosure and ultimately improve the climate data available to the investment and finance community....
American multinational technology company, Apple inc. has given it’s engineers a rare $180,000 Christmas bonus to stop them from joining rivals Meta (parent company of Facebook) and other IT rivals . Apple gave its engineers working in silicon design, hardware and select software and operations stock bonuses starting at...
Some capital market operators have listed events that will shape the stock market and the economy in 2022. Speaking with the News Agency of Nigeria (NAN) on Tuesday in Lagos, they said the market and the economy would be impacted by the Monetary Policy Committee, 2022 budget implementation, consumer...
By BARBARA KALU – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to close out the 2020 marginal field bid round programme and has put in place all necessary machinery to progress the bid round exercise to conclusion in line with the Petroleum Industry Act 2021 (PIA). The...
For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others. The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling stock market, stable security, low unemployment rate, high standard of...
At about 11 am, on Friday, November 12, 2021, there was a buzz among tax aficionados: Muhammad Nami, the Federal Inland Revenue Service (FIRS) boss had been elected the President of the Commonwealth Association of Tax Administrators (CATA). He is the first Nigerian in the history of CATA to...
BY TIMOTHY S. AIKOR Ph.D – “Business is a vital partner in achieving the sustainable Development Goals (SDGs). Companies can contribute through their core activities, and we ask companies everywhere to assess their impact, set ambitions, goals and communicate transparently about results”- Ban Ki Moon (Former Secretary General of...
A Fulani socio-cultural group, known as Kautal Hore, says it has concluded arrangements to establish a modern cow milk market in Hadejia Local Government Area of Jigawa. The State Chairman of the association, Alhaji Umar Dubantu, made this known during an interview with the News Agency of Nigeria (NAN)...
Access to electricity, no doubt, is a catalyst for any nation in its drive for industrialisation. The importance of power to socio-economic development, creating myriad of opportunities for Micro, Small and Medium Enterprises (MSMEs) to thrive, cannot be overemphasised. For a nation like Nigeria where MSMEs constitute a large...
The Nigerian National Petroleum Company (NNPC) Limited has ended the year on a bright note after it won an award as the overall best company in oil and gas reforms at the Open Government Partnership (OGP) global awards which was held in Seoul, South Korea. Nigeria picked the award...
The Centre for the Promotion of Private Enterprise, an economic think tank, has advised the Central Bank of Nigeria to review its ban on some of the over 40 items which the regulator has stopped importers from accessing foreign exchange to bring into the country. Economists at the centre...
The federal government has a burning desire to increase its tax revenue to enable it provide critical infrastructure and stimulate economic growth in the country. However, the Federal Inland Revenue Service (FIRS), the principal organ of government responsible for tax administration in the country, is having a tough time...
The world’s most powerful space telescope on Saturday blasted off into orbit, headed to an outpost 1.5 million kilometres (930,000 miles) from Earth, after several delays caused by technical hitches. The James Webb Space Telescope, some three decades and billions of dollars in the making, left Earth enclosed in...
A Moscow court slapped Google with an unprecedented hefty fine of nearly $100 million on Friday as Russia ramps up its pressure on foreign tech giants. Moscow has piled fines on the world’s biggest internet platforms, accusing them of not moderating their content properly and interfering in the country’s...
After three days of persistent bearish mood, trading on the Nigerian Exchange Ltd (NGX) rebounded by N17 billion to close Christmas eve positive. Specifically, the market capitalisation rose by N17 billion or 0.08 per cent to close on Friday at N22.060 trillion from N22.043 trillion achieved on Thursday. In...
By EZEKIEL OBI, Abuja- Ethiopian Airlines, the largest aviation group in Africa, on Friday announced that it has received IATA’s Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma) certification as an airline and ground handling in December 2021. Ethiopian Airlines is the first airline in Africa...