Coca-Cola completes acquisition of Chi Ltd. in Nigeria
The Coca-Cola Company has completed its acquisition of Chi Ltd. in Nigeria, a statement from the company has said. With this, Coca-Cola has expanded minority investment to full ownership of Chi Ltd.,...
View ArticleBPE, stakeholders resolve major problem of gas
PAULETTE ORJIME, Abuja BUREAU of Public Enterprises (BPE) and other critical stakeholders of the Aluminium Smelting Company of Nigeria (ALSCON), Ikot Ibasi, Awka Ibom State are reaching a...
View ArticleInstitute urges CBN to harness tomato farming for improved yield
The National Horticultural Research Institute (NIHORT), Ibadan has urged the CBN to effectively harnessed tomato farming under its Anchor Borrowers’ Programme to meet the country’s 2.3 million tonnes...
View ArticleKeystone Bank unveils first ‘Cheque Deposit’ mobile app in Nigeria
Keystone Bank Limited has introduced ‘Cheque Deposit’ feature in its mobile banking application, the new ‘Keystone Mobile App’.The feature which is another first from the Bank and in the Nigerian...
View ArticleCBN debunks allegation of forex racketeering
The Central Bank of Nigeria (CBN) has dismissed report alleging foreign exchange racketeering in the country, saying the story was baseless without facts. In a swift reaction to newspaper report on...
View ArticleDogara alarmed over burden of poverty , Killings
Beatrice Onuchukwu Awka. The speaker, House of Representatives, Yakubu Dogara has alarmed over the burden of poverty weighing down Nigerians and blamed the All Progressives Congress (APC) for bringing...
View ArticleOil: Completion of Dangote Refinery, others to integrate Africa’s downstream...
Nigeria and other African countries would soon heave a sigh of relief from the sloppy economic situation occasioned by price instability with the imminent completion of the Dangote Refinery and other...
View ArticleNigeria losing $14.2bn annually from JV oil contracts RMAFC warns
… Production to start declining after 2020 UGO AMADI Despite significant potential for growth in the oil and gas sector, Nigeria’s oil production is expected to start declining after 2020 a new report...
View ArticleUpstream oil and gas records 305 deal worth $47.9bn in 3 months
UGO AMADI A total of 305 deals with a combined value of $47.9bn were registered in the upstream oil and gas industry in the last quarter of 2018, according to GlobalData, a leading data and analytics...
View ArticlePiggybank.ng announces expansion plans…..Becomes PiggyVest
Online savings and investment platform, Piggybank.ng, today announced its evolution from Piggybank.ng to PiggyVest — a much broader and holistic financial management platform. According to a statement...
View ArticleAmbode inaugurates drug rehab, skill acquisition centre built by Tinubu’s wife
Lagos State Governor Akinwunmi Ambode on Monday inaugurated a Drug Rehabilitation and Skill Acquisition Centre in Ajah built by Senator representing Lagos Central District, Chief Mrs. Oluremi Tinubu,...
View ArticleTambuwal: Sokoto paid N168m interest on loan to BoI
FRIDAY OBOH, Sokoto Sokoto State Government has paid 168 million Naira interest for the beneficiaries of the two billion Naira Bank of Industry (BoI) loan. Governor Aminu Waziri Tambuwal disclosed this...
View ArticleNiger: NCS generated N210m in January – Comptroller
The Niger Area Command of the Nigeria Customs Service (NCS), generated N210 million internal revenue in January, according to its Comptroller, Alhaji Abba-Kaseem Yusuf. The NCS official, whose area...
View ArticleNDIC assures on sound policies towards financial system stability
Members of the newly inaugurated Board of the Nigeria Deposit Insurance Corporation (NDIC) have stated their commitment to the formulation of sound policies to enhance the safety and stability of the...
View ArticleDangote flags off reconstruction of Ofeme community road network
Succour and development will soon come to the people of Ofeme Community in Abia State, as the Federal Government and Dangote Industries Limited have flagged off the reconstruction of the roads and...
View ArticleFAAC disbursements hit N8.5 trillion in 2018
UGO AMADI The Federation Allocation Account Committee (FAAC) disbursed N8.5 trillion to the three tiers of government and others, the first time since 2014, that disbursements would exceed N2 trillion...
View ArticleNIMASA conducts surveillance training for security agencies
UGO AMADI Worried about the high level of criminalities in the Nigerian maritime sector, the Federal Government through the Nigerian Maritime Administration and Safety Agency (NIMASA) has undertaken...
View ArticleBuhari Govt is committed to private sector driven economy-Okoh
Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has reiterated the commitment of the President Muhammadu Buhari’s administration to a private sector driven economy; and...
View ArticleTranscorp records Profit After Tax of N20.6bn
Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading diversified listed conglomerate, has announced its audited results for the year ended 31st December 2018, with a 94% growth in...
View ArticleNigerian Breweries to dish out N19.4bn as dividend to shareholders
…Earns N324bn in revenue for 2018 COMFORT EKELEME Nigerian Breweries Plc said a profit after tax N19.4 billion for the 2018 financial year.According to the audited financial results released on the...
View Article