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President Muhammadu Buhari on Thursday celebrated the newly appointed Chief Executive Officer of Airtel Networks, Mr. Segun Ogunsanya. Buhari in his congratulatory message released by his special adviser on Media and Publicity, Mr. Femi Adesina stated that with Ogunsanya's appointment as the Managing Director/ Chief Executive Officer of Airtel Networks Limited, he has proudly hoisted…
April 29, 2021
The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval. The query is contained in a letter dated April 28, 2021 signed by the CBN Director, Banking Supervision, Mr Haruna Mustafa, and obtained by the…
April 29, 2021
A serious revenue nightmare awaits Nigeria's 36 states and the FCT as the Nigerian National Petroleum Corporation (NNPC) said it won't be able to meet up with its monthly remittance to the Federation Accounts Allocation Committee (FAAC) for the month of May. With this disclosure by the NNPC, it suffices to say the revenue crisis…
April 28, 2021
The Nigerian Maritime Administration and Safety Agency (NIMASA), has said it will train 250 Nigerian cadets as part of its mandate to develop capacity for the Nigerian maritime industry. Special Assistant on Communication and Strategy to NIMASA's Director-General, Mr. Ubong Essien, who represented his boss made this known at a media parley at the Agency’s…
April 28, 2021
The Federal Government has approved a provisional Concession deal with Mercury Marine Concession Company (MMCC), promoters of the Escravos Seaport Industrial Complex (ESIC) for the establishment of a deep seaport in the Escravos area of Delta State. Chairman, Chief Executive of MMCC, Rear Admiral Andrew Okoji told newsmen that the Federal Ministry of Transport…
April 27, 2021
The nation’s bourse key market indicators closed the week upbeat on Friday with a growth of 0.43 per cent. The market capitalisation increased by ₦89 billion or 0.43 per cent to close at N20.568 trillion against N20.479 trillion posted on Thursday. Also, the All-Share Index which opened at 39,131.80 inched higher by 170.02 points or…
April 23, 2021
Trading on the Nigerian Exchange (NGX) Ltd., ended on a cautious note on Thursday with the key indicators recording a marginal gain of 0.01 per cent. The upward trend was sustained as a result of buy-interest in United Bank for Africa (UBA), FBN Holdings and Oando. Thus, the All-Share Index rose by 3.46 points or…
April 22, 2021
The World Bank on Wednesday said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity. It also observed that Nigeria had the largest number of people without access to electricity in the world, as every one in 10 people without access to electricity now reside in Nigeria. The bank’s…
April 22, 2021
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DNBs) and Bureau De Change (BDC) operators to, henceforth, accept old and lower denomination U.S dollars as legal tender. The apex bank gave the order in a circular signed by its Director of Currency Operations Department, Mr Ahmed Umar. Umar said that the CBN…
April 21, 2021
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President Muhammadu Buhari on Thursday celebrated the newly appointed Chief Executive Officer of Airtel Networks, Mr. Segun Ogunsanya. Buhari in his congratulatory message released by his special adviser on Media and Publicity, Mr. Femi Adesina stated that with Ogunsanya's appointment as the Managing Director/ Chief Executive Officer of Airtel Networks Limited, he has proudly hoisted…
April 29, 2021
The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval. The query is contained in a letter dated April 28, 2021 signed by the CBN Director, Banking Supervision, Mr Haruna Mustafa, and obtained by the…
April 29, 2021
A serious revenue nightmare awaits Nigeria's 36 states and the FCT as the Nigerian National Petroleum Corporation (NNPC) said it won't be able to meet up with its monthly remittance to the Federation Accounts Allocation Committee (FAAC) for the month of May. With this disclosure by the NNPC, it suffices to say the revenue crisis…
April 28, 2021
The Nigerian Maritime Administration and Safety Agency (NIMASA), has said it will train 250 Nigerian cadets as part of its mandate to develop capacity for the Nigerian maritime industry. Special Assistant on Communication and Strategy to NIMASA's Director-General, Mr. Ubong Essien, who represented his boss made this known at a media parley at the Agency’s…
April 28, 2021
The Federal Government has approved a provisional Concession deal with Mercury Marine Concession Company (MMCC), promoters of the Escravos Seaport Industrial Complex (ESIC) for the establishment of a deep seaport in the Escravos area of Delta State. Chairman, Chief Executive of MMCC, Rear Admiral Andrew Okoji told newsmen that the Federal Ministry of Transport…
April 27, 2021
The nation’s bourse key market indicators closed the week upbeat on Friday with a growth of 0.43 per cent. The market capitalisation increased by ₦89 billion or 0.43 per cent to close at N20.568 trillion against N20.479 trillion posted on Thursday. Also, the All-Share Index which opened at 39,131.80 inched higher by 170.02 points or…
April 23, 2021
Trading on the Nigerian Exchange (NGX) Ltd., ended on a cautious note on Thursday with the key indicators recording a marginal gain of 0.01 per cent. The upward trend was sustained as a result of buy-interest in United Bank for Africa (UBA), FBN Holdings and Oando. Thus, the All-Share Index rose by 3.46 points or…
April 22, 2021
The World Bank on Wednesday said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity. It also observed that Nigeria had the largest number of people without access to electricity in the world, as every one in 10 people without access to electricity now reside in Nigeria. The bank’s…
April 22, 2021
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DNBs) and Bureau De Change (BDC) operators to, henceforth, accept old and lower denomination U.S dollars as legal tender. The apex bank gave the order in a circular signed by its Director of Currency Operations Department, Mr Ahmed Umar. Umar said that the CBN…
April 21, 2021
