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Wednesday, December 13, 2017

Business

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Shareholders of Union Bank of Nigeria (UBN) Plc have applauded the bank’s improved performance and corporate governance policy, stressing the need for the bank to create more innovative products that would attract depositors and boost its customer...
Made Men Music Group frontline act Tekno has set aside N5 million to support small businesses and students on social media. The singer took to his Twitter page to announce that he is prepared to help small...
One of Nigeria's biggest blog, AMEBONATION recently launched its new outfit at Ikeja City Mall (ICM) in Lagos state on Sunday, 13th of August, 2017. The outfit was displayed by different staffs of the brand to kick-start the officially launching...
Eni's Nigerian subsidiary Agip is planning to build a 150,000-barrel per day refinery in the Niger Delta. An agreement was signed by the federal government and Nigerian Agip Oil Company (NAOC) for the project. A meeting between Agip officials and acting President Yemi...
The Acting President, Prof. Yemi Osinbajo, on Thursday, assured investors that the country would come out of the economic recession stronger and bigger with its Economic Recovery and Growth Plan (ERGP) policy. The acting president gave the assurance at the...
Minister of Finance Kemi Adeosun yesterday said high level corruption was endemic in Nigeria because it was too easy for people to loot public funds. He said the Federal Government was working to block avenues for looting and make it...
Senior Special Assistant to the President on Foreign Affairs and Diaspora, Mrs Abike Dabiri-Erewa,  has pleaded with the Central Bank Of Nigeria and Attorney-General of the Federation (AGF) to give Nigerians abroad more time to obtain their Bank...
Nigerian workers at U.S. oil major Exxon Mobil Corp have gone on strike in protest over the sacking of workers, oil labour union officials said on Thursday. A spokesman for Exxon Mobil said by mail there were "no impacts" on...
  World Bank Group says it has an investment portfolio of about 8.5 billion dollars scattered across states and regions in Nigeria to support inclusive economic development and youth empowerment.   According to Mrs Olufunke Olufon, the Senior Communications Officer, World Bank...
The Chief Executive Officer of Google Inc. Sundar Pichai, is currently in Nigeria. The multinational technology company that specializes in Internet-related services and products is bringing new products to the Nigerian market and Pichai says he is here to...
Guinness Nigeria is shifting its focus from premium brands to the “lower end” volume market in order to boost sales and revive profits, the brewer said in its rights issue share offer prospectus. The Nigerian subsidiary of Diageo is looking...
The Naira on Wednesday appreciated marginally against the dollar at the parallel market, after it gained 50k to exchange at N362.50, stronger than N363 posted on Tuesday, while the Pound Sterling and the Euro traded at N473 and N422...
 The Agbada 2 flow station should have been buzzing with activity, pumping crude to one of Nigeria’s largest export terminals. Instead, it was idle in the muggy, mid-morning heat as Wilcox Emmanuel, the facility’s manager, shrugged in resignation about...
On Tuesday, Anglo-Dutch energy giant Shell said; because of a leak, it has shut down a major crude supply pipeline in Nigeria’s restive south Shell subsidiary- the Shell Petroleum Development Corporation of Nigeria Ltd (SPDC) said the Trans...
A report from the National Bureau of Statistics (NBS) has indicated that the number of unemployed Nigerians in the labour force increased by 35.1 million persons, resulting in an increase in the national unemployment rate to 14.2 per cent in Q4 2016. This...
Honeywell (NYSE: HON) has selected ExecuJet Nigeria as an approved avionics dealer and installation and service facility for business aircraft owners in the Africa region. As the African business and general aviation market continues to expand, this arrangement enhances...
The minister of Communication, Adebayo Shittu yesterday declared that the proposed Information and Communications Technology (ICT) universities will take off by September. He disclosed this in Lagos yesterday while declaring open the 2017 edition of West Africa’s yearly...
Amnesty International on Thursday, June 29, reported that Four Nigerian women are taking legal action in the Dutch courts against oil giant, Shell, accusing it of complicity in the 1990s executions of their husbands by the Nigerian military. The civil case...
The crisis rocking Etisalat Nigeria deepened yesterday with a directive from the Emirates Telecommunications Corporation (ETC), the largest shareholder in the embattled firm, that the Nigerian arm should stop using the brand name within the next three...
Research Analyst at FXTM, Lukman Otunuga, has stressed the need for governments at all levels in Nigeria to focus on infrastructural development. Otunuga, in a report titled: “Is Nigeria poised for an economic rebound?” pointed out that while major roads...
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