The African Examiner, The Nigerian National Petroleum Corporation, NNPC has said that the massive ongoing gas pipeline projects across the country will provide a veritable platform for individual homes and estates to be linked with gas pipelines to enhance its domestic use. The Group Managing Director of the Corporation, Engr. Andrew Yakubu disclosed this during […]
Nigeria’s minister of Trade and Industry Olusegun Aganga has appealed to Nigerians in diaspora not to miss out in the ongoing massive investments drive under the transformation agenda of the present administration. Aganga who spoke in New York at a lunch between President Goodluck Jonathan, members of the executive council and the Nigerian Professionals in […]
The Central Bank of Nigeria (CBN) will soon introduce policies that will check excess inflow of the U.S dollar into the economy ahead of the 2015 general election. The CBN Governor, Sanusi Lamido Sanusi gave the indication today in Abuja at the end of the Monetary Policy Committee (MPC) meeting. The governor, noting that though […]
The Dangote Foundation has extended its grassroots poverty alleviation scheme to Adamawa and Yobe states with the disbursement of N655 million to 65, 000 vulnerable women and youths in the two states. The disbursement which is aimed at alleviating poverty by empowering the grassroots dwellers financially would ensure 31,500 women and youths across 21 local government areas in Adamawa […]
BlackBerry Ltd warned on Friday it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, rekindling fears of the company’s demise and sending its shares into a tailspin. The company, which has struggled to claw back market share from the likes […]
The African Examiner The Governor of Central Bank of Nigeria Malam Sanusi Lamido Sanusi, has presented the revised version of the Nigeria Payment System (NPS) Vision 2020 Strategy Document to the public. The CBN governor made the public presentation at an International Conference on Payment System in Abuja, saying the document would boost electronic payment […]
The African Examiner, The Federal Government generates N15 billion as tax from the British American Tobacco, BAT, says the tobacco company’s Managing Director, Mr. Keith Gretton. Gretton, who visited Governor Babatunde Fashola of Lagos at the State House, Ikeja, Lagos, Nigeria on Monday said BAT had been a responsible corporate citizen as it had […]
Operatives of the Inspector-General of Police monitoring team at Kam Salem, Obalende, Lagos, have launched a man-hunt for manager of the Ladipo branch Fidelity bank over an alleged N100 million fraud. However, the bank manager’s lover in whose account the fleeing suspect was alleged to have lodged some of the stolen amount had been arrested. […]
The Managing Director and Chief Executive Officer of Heritage Bank Plc, Mr. Ifie Sekibo said the bank has concluded arrangement to pay back 100 percent of customers’ deposit that were trapped in the defunct Societe Generale Bank of Nigeria, (SGBN) if owners can show prove that they have such deposits in the bank. He also […]
Lagos, Nigeria; 06/09/2013: The capacity for businesses in the agricultural sector in Nigeria to engineer economic growth and sustainable development, generate employment and reduce poverty is the major reason for the UBA Group’s significant increase in lending to the sector. This was made known by the , GMD/CEO at the just concluded 19th Nigeria Economic Summit in Abuja […]
Nigeria’s naira weakened to a fresh 20-month low against the U.S. dollar on the interbank market on Friday, as direct central bank forex sales to lenders failed to meet demand, traders said. The naira closed at 164.1 to the dollar, compared with a 163.6 close on the previous day. The local currency fell to 163.7 […]
As part of concerted efforts to reduce child mortality in Nigeria, UBA Foundation has undertaken to donate incubators to teaching hospitals in the country. To this end the Foundation today donated two incubators to the University of Benin Teaching Hospital (UBTH). The incubators were received by the Chief Medical Director of UBTH, Professor Micheal Ibadin and other principal officers […]
The government of Federal Democratic Republic of Ethiopia has lauded President/Chief Executive of Dangote Group, Aliko Dangote for siting a cement plant in that country, promising to provide an enabling atmosphere for the Group and other investors. The commendation, conveyed through a letter from the government of Ethiopia to the President/Chief Executive, came on the heels of a similar appreciation […]
As part of strategies to diversify the nation’s export base as well create more value for its crude oil, foremost industrialist and President/Chief Executive of the Dangote Group, Alhaji Aliko Dangote, has tasked government to begin the production of petroleum products for export. He made the call in a keynote address titled: ‘Nigeria Beyond Oil’ which he presented […]
The government of Federal Democratic Republic of Ethiopia has lauded President/Chief Executive of Dangote Group, Aliko Dangote for siting a cement plant in that country, promising to provide an enabling atmosphere for the Group and other investors. The commendation, conveyed through a letter from the government of Ethiopia to the President/Chief Executive, came on the heels of a […]
