The Board of Jaiz Bank Plc, has approved the appointment of a seasoned banker, Haruna Musa, as the Managing Director/ Chief Executive Officer of the Bank. Haruna’s appointment takes effect following the…
Category: Business
African Development Bank spreads tent axles to Northwest zone, ACF commends foresight of 7 governors to rejuvenate region
The Interactive Session recently hosted by the Africa Development Bank( AfDB) in Abidjan to acquaint Governors of the North Western States of Nigeria on its Special Agro- Industrial Processing Zones, tallies with…
United Nigeria Airlines Opens Kano, Sokoto Routes
Nigeria’s fastest growing carrier, United Nigeria Airlines, has concluded plans to expand its operations to unite the northern part of the country with the opening of offices in Kano and Sokoto states….
NNPC restores 275,000 bpd oil production following settlement of PENGASSAN-TotalEnergies rift
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the restoration of 275,000 barrels per day (bpd) of oil production following a peace deal brokered between the management of TotalEnergies, operator…
Youth unemployment eradication, our priority – Dangote
Dangote Group’s Executive Director, Commercial Operations, Hajia Fatima Aliko-Dangote, has reiterated the company’s determination to eradicate the high youth unemployment in the country. She said, it is only when youths are positively…
BDC CEO calls for collective effort to stabilize Naira
Managing Director, CEO of 313 Bureau de Change Alhaji Murtala Bashir has stressed the need for a collective effort to ensure naira stability at the Forex Market in Nigeria. Bashir in a…
President Tinubu set to attend Saudi-Africa Summit in Riyadh, Saudi Arabia
President Bola Tinubu will, today (Thursday) depart Abuja for Riyadh, Saudi Arabia, to attend the Saudi-Africa Summit, which is scheduled to take place in Riyadh on November 10, 2023. At the Saudi-Africa…
NNPC/Aiteo Joint Venture launches Nembe Crude Oil Grade
…As Export of Two 950,000 barrels Cargoes Commences The NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market….
NNPC working with NEITI, stakeholders to reconcile 2021 report
The Nigerian National Petroleum Company Limited (NNPC Ltd.) will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Reconciliation Committee set up by President…
Dangote creates 30 entrepreneurs
The Dangote Cement Plc has announced the creation of 30 new entrepreneurs who are expected to help bolster food production and ginger the Nigerian economy. The new Chief Executives were graduated weekend…
CBN will prioritise core mandate of price stability, Cardoso says
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability. According to a statement from…
Again, TAJBank wins Businessday Islamic Bank of the year award
TAJBank Limited, one of Nigeria’s fastest-growing non-interest banks, has won the BusinessDay “Islamic Bank of the Year Award” for third consecutive time. This is according to a statement by TAJBank’s Managing Director,…
BUA responds to Dangote’s claims of blackmail
In a recent 7-page editorial, Aliko Dangote, the chairman of Dangote Group, accused BUA of blackmail and sabotage. BUA has now responded to these allegations, providing a detailed account of several instances…
CBN assures Nigerians of sufficient stock of currency notes
The Central Bank of Nigeria (CBN) has assured Nigerians of sufficient stock of currency notes to facilitate economic activities in the country. This follows reports of alleged scarcity of cash at banks,…
Financial Institution stimulates Nigeria’s Non-oil Exports With FITCC Houston
From Hamisu Ado Nguru The famous financial Institution in Nigeria, fidelity Bank has Signs $40million deal with AFREXIM Bank and JohnVents Industries for cocoa export. The much-anticipated second edition of the Fidelity…
BREAKING: CBN lifts ban on 43 items, to intervene in FX market
By Mustapha Salisu The Central Bank of Nigeria (CBN) has announced the lifting of ban on the importation of all 43 items previously restricted by the 2015 Circular referenced TED/FEM/FPC/GEN/01/010 and its…
Nigerian Maritime Industry Progressing On Right Path – Jamo
……NIMASA has contributed to Our Development – Rector, MAN, Oron The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr Bashir Jamoh, OFR today declared the country’s maritime sector…
KMC-KAYI Microfinance Bank Headquarters Launched In Kano, Aims To Expand Financial Inclusion
By Mustapha Salisu The KMC Microfinance Bank has unveiled its innovative KMC-KAYI APP in Kano, marking a significant step toward transforming financial transactions and accessibility to financial services within the community. Launched…
NCS commends Dala Inland Dry Port’s economy drive initiative
The Area Comptroller of Nigeria Customs Service, in charge of Kano and Jigawa, states Command, Alhaji Dauda Ibrahim Chana has expressed the commitment of the Service in supporting all stakeholders, especially in…
TAJBank wins global Islamic banking awards 2023
TAJBank Limited, one of Nigeria’s foremost non-interest banking services providers, has won the Global Islamic Finance Award (GIFA) 2023 for its ‘Best Sukuk Deal of the Year 2023. According to a statement…
Telecoms investment rises to $77 billion, NCC reports
Prof. Umar Danbatta, the Executive Vice-Chairman of the Nigerian Communications Commission (NCC), announced a substantial growth in telecoms investment inflow. According to Danbatta during a media briefing held in Kano, the sector’s…
Air Peace to begin Lagos, Kano-Jeddah route Oct. 31
Air Peace Airline has announced the commencement of direct flights from Lagos and Kano to Jeddah in Saudi Arabia from Oct. 31. The airline’s Chief Operating Officer, Ms Oluwatoyin Olajide, made this…
BREAKING: CBN stops banks from utilising FX gains caused by naira devaluation
The Central Bank of Nigeria (CBN) has asked deposit money banks (DMBs) to stop utilising gains from the revaluation of the naira to pay dividends or finance operations. CBN said a review…
IPMAN kicks against state governments’ takeover of downstream regulator role
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has condemned what it described as the attempt by State governments to take over the role of the regulator of the downstream petroleum operations…
P/Harcourt refinery to be back on stream December, Warri Q1 2024 – FG
The Federal Government has reiterated its commitment to end petroleum product importation soon, as efforts are being redoubled to restore the nation’s local refining capacity. The Minister of State for Petroleum Resources…