Chevron spends $3.6 bn on Nigerian Content in 2015
UGO AMADI Chevron Nigeria spent $3.6 billion on Nigeria content in 2015 as part of its commitment to local capacity building in boosting local economies and creating job opportunities,. The company...
View ArticleSunTrust Bank to stimulate economy through SMEs financing
Chief Executive Officer (CEO) of SunTrust Bank, Muhammed Jubrin, has assured operators in the Small and Medium scale Enterprises (SMEs) sector that his bank will focus on the small businesses....
View ArticleForex transaction: CBN suspends First Bank, Diamond, others
COMFORT EKELEME Citing non-remittance of all outstanding Nigerian National Petroleum Corporation (NNPC) funds in their vaults into the Treasury Single Account (TSA), the Central Bank of Nigeria (CBN)...
View ArticleMAN commends CBN’s directive on 60% forex to manufactures
Manufacture Association f Nigeria (MAN) has commended the Central Bank of Nigeria (CBN’s) recent directive from CBN that 60 per cent of foreign exchange go to the manufacturing This is even as MAN said...
View ArticleWhatsApp to give Facebook more data
WhatsApp says it will begin sharing more data with Facebook and will start letting some companies send messages to users. It is the first time the company has changed its privacy policy since the firm...
View ArticleSterling Bank makes clarifications on interbank FX market suspension
Following the suspension of nine commercial banks from the interbank foreign exchange,FX market, Sterling Bank rejected the suggestion that it failed or neglected to disclose at any time, any sum held...
View ArticlePension funds hit N5.8trn
ABUJA— The nation’s pension fund has hit N5.8 trillion, the National Pension Commission, PenCom, disclosed, yesterday. Presenting a paper at the forum of Finance Correspondents’ Association of Nigeria,...
View ArticleFG targets 50% reliance on renewable energy by 2020 — Osinbajo
The federal government has plans to expand reliance on renewable energy to 50 per cent of its power output by 2020, according to the Vice President, Yemi Osinbajo. Speaking at the Presidential Villa,...
View ArticleOyo seeks understanding over N29bn wage deficit
•••Says N14.1b FG loan is staggered The Oyo State Government has sought understanding of workers and pensioners over the N29bn wage deficit, representing five-month salary arrears, which it blamed on...
View ArticleOil marketers seek payment for $800m forex differentials
UGO AMADI The Major Oil Marketers Association of Nigeria (MOMAN) has appealed to the Federal Government to ensure payment of two years accumulated claims on interest and foreign exchange differentials...
View Article$10bn business trapped overseas — LCCI
The Director, Research and Advocacy, Lagos Chamber of Commerce and Industry (LCCI), Dr, Vincent Nwani, said Nigerian businessmen have refused to repatriate about 10 billion dollars, citing...
View ArticleReview of LNG Act 2004 will cost FG $25bn in FDI—Omotowa
UGO AMADI The outgoing Managing Director and Chief Executive Officer of Nigeria LNG Limited, Mr. Babs Omotowa, has disclosed that any tinkering of the Nigeria LNG Act of 2004 will violate bilateral...
View Article208 open oil blocks available to investors — DPR
UGO AMADI The Department of Petroleum Resources (DPR), has indicated that 208 open oil blocks are up for grabs by firms and investors. The DPR in its recent report, also revealed that a total of 184...
View ArticleAccess Bank grosses N174bn in H1
••• Declares 25k dividend for shareholders COMFORT EKELEME Access Bank says it recorded gross earnings of N174bn within the first half of 2016. This represents an increase of three per cent over the...
View ArticleCBN, NBET negotiate fresh N180bn fiscal stimulus for power sector
UGO AMADI The Nigerian Bulk Electricity Trading Plc (NBET) and Central Bank of Nigeria (CBN) are currently negotiating new financial stimulus worth N180 billion to support electricity operators in...
View ArticleHere’s why we should be worried about Nigeria’s economy
Nigeria’s statistics office said Wednesday that the country has dropped into recession as its all-important oil industry has suffered under weak global prices. The country’s gross domestic product...
View ArticlePPDM: DMO commends Access Bank’s performance in H1
The Debt Management Office (DMO) has commended Access Bank Plc for emerging as the most outstanding Primary Dealer Market Makers (PDMM) during the first half of 2016. In a statement released by...
View ArticleLASG partners Sterling Bank, Microsoft, others on youth’s skill acquisition...
In line with its strategic focus on youth empowerment and skill acquisition, Lagos State Ministry of Employment and Wealth Creation have announced its partnership with Sterling Bank, Audax Solutions...
View ArticleHeritage Bank unveils yearly sporting event for secondary schools
Heritage Bank Plc, has unveiled plans to organize an annual sporting event for secondary schools in Nigeria with the aim of discovering and rewarding talents. The project known as ‘Skoolympics’, the...
View ArticleCustoms seizes N250m goods in two months
STAN OKENWA The Federal Operations Unit, Zone ‘A’ of the Nigeria Customs Service said it has intercepted various contraband goods with a Duty Paid Value (DPV) of N186 million between July and...
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