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Business & Finance

Electricity generated to the national grid drops b

Monday, June 18, 2018
Electricity generation into the national grid has dropped by a total of 1,087.6 Mega Watts of Power, the Transmission Company of Nigeria has said. The company 8217;s General Manager , Public Affairs, Mrs Ndidi Mbah, said in a statement in Abuja on Sunday that the drop was resulting in loa ...

Sinachi Farms: $15.6m Plantain, Yam Flour Plant to Set off in October 2019

Saturday, June 16, 2018
Sinachi Farms Limited has set an October 2019 deadline for the completion of its $15.6 million plantain and yam flour plant. The plant which would occupy about 2,200 square metres, would be built on a five hectares farm land in Kuje area of Abuja, having over 7,000 plantain plantations. [I ...

GTBank and Innoson’s Day at The Supreme Court: How It Went Down

Friday, June 8, 2018
The long running case between Guaranty Trust Bank and Innoson finally had its day in the Supreme Court, and although there have been some wild tales on what transpired, here is the factual story of how it went down. Even before the doors of the Supreme Court had shut for the day, wh ...

Pay Expo 2018: Ecobank showcases Bouquet of Digital Products

Wednesday, June 6, 2018
Lagos - June 5, 2018 ndash; Ecobank Nigeria, a member of the leading Pan African Banking Group, Ecobank Transnational Incorporated is showcasing a bouquet of Digital Products at the Digital Pay Expo 2018 that opened today in Lagos. Ecobank products on display at the event include the Ecob ...

Ibeto buys U.S. oil firm, plans listing in US

Monday, June 4, 2018
Ibeto Cement Company Limited has announced its acquisition of Century Petroleum Corporation, a United States (U.S.) publicly traded petroleum exploration and production company. The company said it acquired 70 per cent of Century Petroleum, resulting in the reverse merger of the cement manufactur ...

Emperor Baywood Launches New Helicopter, Names Her ‘Chinenyeze

Saturday, June 2, 2018
Business mogul Emperor Chris Baywood Ibe recently launched a new helicopter named lsquo;Chinenyeze rsquo;. The helicopter arrived Muritala Mohammed International Airport on May 29, 2018. The helicopter, which is under Tropical Arctic Logistics - one of Emperor Baywood rsquo;s group of companies, ...

iCreate festival: Abuja Chamber of Commerce and Industry (ACCI) looks forward fo

Thursday, May 31, 2018
President of the Abuja Chamber of Commerce and Industry (ACCI), Prince Adetokunbo Kayode SAN has said the Chamber is looking forward for ideas that will solve emerging challenges in the society especially as they concern Information and Communication Technology (ICT). Speaking exclusively to Cham ...

GTBank Implements PIN for 737 Transactions: Everything You Need to Know

Tuesday, May 29, 2018
Renowned for its simplicity and efficiency, GTBank rsquo;s 737 USSD Banking Service is the most robust USSD banking platform in Nigeria, staying miles ahead of its competitors and setting the pace for innovation in mobile banking. The Bank has continued to expand the services and features of the 737 ...

Emefiele visits First Bank, UBA, Zenith to evaluate sale of forex to customers

Tuesday, May 29, 2018
Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Monday paid an unannounced visit to First Bank, UBA and Zenith banks offices in Abuja to inspect sales of foreign currencies to customers. The governor, whose visit took the banks by surprise, said that the visit was to ascertain ba ...

Mystery briefcase linked to $1.1bn bribery case in Nigeria

Sunday, May 27, 2018
A briefcase seized from a Geneva, Switzerland apartment two years ago could be the key to an Italian bribery case against Royal Dutch Shell Plc and Eni SpA ndash; if it makes it to Milan, Italy, in time, Bloomberg has reported. The bag held SIM cards, Nigerian passports, a laptop and a hard driv ...

Climate Risk Financing:  Nigeria Signs MoU with ARC 

Thursday, May 24, 2018
The Government of Nigeria has signed a Memorandum of Understanding (MoU) with the African Risk Capacity (ARC) to work together to address the impact of extreme weather events in Nigeria, including training support to Government personnel. The signing ceremony, which happened on the margins of the ...

Two modular refineries'll begin operations next year: FG

Thursday, May 24, 2018
TWO modular refineries in the Niger Delta will commence operations in the next one year, the Federal Government announced on Wednesday. It also stated that a directive was issued recently for the release of funds for the clean-up of the oil polluted area of Ogoni in the Niger Delta. The Minist ...

FG, states, LGs share N701bn-FAAC

Wednesday, May 23, 2018
The Federal Government, states and local governments shared N701 billion as revenue for the month of April, the Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse, revealed Wednesday in Abuja. Isa-Dutse told newsmen that the amounts shared were the outcome of Federal Account Allocatio ...
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