Tinubu announces $550m Ubeta upstream gas project kicks off The Presidency has announced that the 550 million US Dollar upstream gas project between the Nigerian National Petroleum Corporation Ltd. (NNPCL) and TotalEnergies on the development of Ubeta field has taken off. This was disclosed by Olu Verheijen, the Special Adviser[Read More…]
Eid-ul-Mawlid: FG declares Monday as Public Holiday The Federal Government has declared Monday, September 16, 2024, as a public holiday to mark the celebration of the Eid-ul-Mawlid. Eid-ul-Mawlid is the commemoration of the birth of the Holy Prophet Muhammad (PBUH). The Minister of Interior, Dr. Olubunmi Tunji-Ojo,[Read More…]
Edo election: PDP declines as APC, 16 others sign peace accord The Peoples Democratic Party, PDP, Chairman Anthony Aziegbemi and its candidate, Asue Ighodalo, who were present during the signing of the peace accord declined to sign a peace accord ahead of the Sept 21 Edo governorship election. Seventeen[Read More…]
NG-CARES disburses N625bn to 36 states in 3 years The Nigeria COVID-19 Action, Recovery and Economic Stimulus (NG-CARES) has said it has disbursed N625 billion to the 36 states in Nigeria since the inception of the program. The National Coordinator of the programme, Dr Abdulkarim Obaje, stated this[Read More…]
Sterling Pioneers Africa’s First Indigenous Core Banking System Nigeria’s leading commercial bank and Africa’s most agile company, Sterling Bank Limited, has made history by migrating to what is believed to be the continent’s first ever indigenous core banking solution called SeaBaaS. The implementation of SeaBaaS, developed[Read More…]
Fidelity Bank Plc Donates Maternity Kits to Pregnant Women in Lagos Fidelity Bank Plc, a leading financial institution, has donated maternity kits to pregnant women in Aiyetoro, Yaba Local Council Development Area (LCDA) of Lagos State. This donation is part of the bank’s Corporate Social Responsibility (CSR)[Read More…]
NLC president, Ajaero arrested in Abuja The Department of State Services (DSS) has reportedly arrested the President of the Nigeria Labour Congress, Joe Ajaero. Ajaero was arrested this morning at the Nnamdi Azikiwe International Airport, Abuja, on his way to the United Kingdom for an official assignment. The[Read More…]
Polaris Bank, NCF take tree planting initiative to Kano Polaris Bank Limited has taken its tree planting initiative aimed at nationwide land restoration to Kano State working in partnership with the Nigeria Conservation Foundation (NCF). The commemorative tree planting activity was held at Ajingi Community Reserve, Kunkurawa, Kano[Read More…]
As foreign exchange debt continues to mount for Nigeria’s foremost brewing company, the Nigerian Breweries Plc, the Nigerian Exchange Limited (NGX), has approved a rights Issue of N600 billion to tackle the problem. The NBL Plc, the largest brewer in the country, plans to offer 22,607,491,232 ordinary shares[Read More…]
AMCON to sell Ibadan DisCo Assets Management Corporation of Nigeria (AMCON) says it plans to sell the loss making Ibadan Electricity Distribution Company (IBEDC) to more efficient investors capable of turning the entity around. AMCON Managing Director/Chief Executive Officer, Gbenga Alade, disclosed this at an interactive session with[Read More…]
