25.4 C
Lagos
Friday, October 23, 2020
The Central Bank of Nigeria says it will now sanction banks involved in delaying disbursement of Anchor Borrower’s Program funds to farmers. The apex bank gave the threat when the Director of Development Finance, Mr. Yusuf Yila spoke at a stakeholders’ meeting involving Anchor, Processors, Commodity Associations and Banks. Yila disclosed...
Godwin Obaseki of the Peoples Democratic Party (PDP) has defeated Osagie Ize-Iyamu of the All Progressives Congress (APC) to secure another four-year term as governor of Edo State. Obaseki was returned elected after scoring highest number of votes in the Saturday poll, said the Returning Officer for Edo State governorship...
The Federal Government has banned Emirates Airlines from operating flights into Nigeria, in line with its aviation policy of reciprocity over the rejection of Nigerians by some countries due to the novel Coronavirus (COVID-19) regulations and protocols. This was disclosed by the Minister of Aviation, Hadi Sirika, on his Twitter...
Joëlle Abega-Oyouomi has been appointed as the first-ever female factory manager in Nestlé Central and West Africa. Abega-Oyouomi joined Nestlé as a Research Associate about 20 years ago. She started with high ambitions and she has remained consistent in her chosen career. “I was young, hopeful and eager to learn. I...
Prices would trend down soon - Buhari appeals for calm CBN Governor, Emefiele expresses hope, blames fiscal measures Inflation rate in Nigeria has spiralled up to hit 13.22% as the end of August, a record that broke a 29-month moving average. The Consumer Price Index (CPI), which measures prices of...
The US Export-Import Bank has reaffirmed its commitment to the growth of the US-African cooperation by constituting Sub-Saharan Advisory Committee for 2020 and 2021. The committee is composed of pro-investment and pro-business advisors who understand Africa and would be instrumental in growing the US-African cooperation and flows of goods, services...
An Integrated ICT services provider, Internet Solutions Limited, has rebranded and set to operate as Dimension Data from the end of this year in all its operating companies. The company said the rebranding was part of Dimension Data's larger plan to consolidate its businesses, enhance efficiency, and better delivery of...
After spending 16 months reviewing data from various the International Oil Companies (IOCs), Kariya Energy Monday announced its readiness to enter into various definitive agreement to acquire upstream and midstream oil and gas assets in African countries. Kariya Energy would pursue profitable small-scale Liquefied Natural Gas (LNG) projects across Africa,...
A leading Nigerian conglomerate with focus on manufacturing, infrastructure and agriculture, BUA Group, has ventured into oil and gas sector and signed a deal with France’s largest hydrocarbons group, Axens, to refine 200,000 barrels per day of crude oil in Nigeria. Located in Akwa Ibom State, South-south Nigeria, the project...
African Energy Chamber's Local Content Advisory Committee has held its first meeting, placing local content development at the core of its activities towards the continent's economic recovery. The meeting agreed that with several established markets like Nigeria or Angola and frontier energy markets such as Senegal or Uganda, the oil...