Emirates Airline is unveiling a new closed loop recycling initiative this month, where millions of onboard items such as plastic trays, bowls, snack and casserole dishes, will now be recycled in a local facility and remade into fresh, ready-to-use Emirates meal service products. Marking United Nations World Environment Day on 5 June, and the theme […]
President Tinubu Suspends Godwin Emefiele As CBN Governor. President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.Mr. Emefiele has been directed to immediately hand […]
Nigeria, one of Africa’s biggest oil producers, has positioned itself to benefit from the N200billion in new investment this year , as focus of oil producers globally shifts to deep water projects which are envisaged to attract more investment. Nigeria has big plans to diversify its oil operations by developing new projects outside the Niger […]
Activity on the Nigerian stock market yesterday was flat as the capitalisation declined by N1 billion amid profit-taking on MRS Oil Nigeria and 21 others. The All-Share Index declined by 1.63 per cent, representing a decrease of 0.003 per cent, to close at 55,603.94 points. Similarly, the overall market capitalisation value lost N1 billion to […]
LAGOS – A delegation from the Nigerian Export-Import Bank (NEXIM) led by the Managing Director/Chief Executive, Mr. Abba Bello; Executive Director, Corporate Services, Bala Bello and other staff members, in line with its drive to boost Nigeria’s non-oil exports, undertook a strategic engagement with some International Development Finance Institutions in Saudi Arabia. Significant milestones decision made […]
The Central Bank of Nigeria has said that the total loan repayments under the Anchor Borrowers’ Programme (ABP) stood 52 per cent in February. The CBN spoke in reaction to a report by the International Monetary Fund (IMF) which claimed that only 24 per cent of loans disbursed under the ABP had been repaid. In its recent report titled […]
The Nigerian Exchange Group Plc (NGX) on Monday published its Audited Financial Statement for the year ended 31 December, 2022. The Group reported a turnover of N7.5 billion for the 12 months period, up by 10.31% from N6.8 billion reported the previous year. Profit after tax declined year on year by 68.93% to N698.48 million […]
The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. This was disclosed in a communiqué issued by the CBN Governor, Godwin Emefiele, after the last Monetary Policy Committee meeting held in Abuja. He stated that the funds were expended on […]
The Central Bank of Nigeria (CBN) has disclosed that total repayments as of the end of February 2023 under its Anchor Borrowers’ Programme (ABP) now stands at N0.503 trillion, representing 52.39 per cent, adding that the balance of N0.119 trillion was not due for repayment. The apex bank said it remains committed to its developmental […]
Google has opened applications for the third cohort of Black Founders Fund for Startups in Africa and Europe, in line with its commitment to digital transformation and support to black-founded startups. This year, Google has committed $4 million to support eligible black-founded startups. Startups operating and headquartered in Africa or having a legal presence on […]
