Browsing: Business

The appointment was announced by the Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, in a statement by her Special Adviser, Paul Nwabuikwu

With the deployment, Airtel becomes the first mobile operator in Nigeria to launch HD Voice service in the country

The Federal Government has rated the Export Expansion Grant scheme as a great success as it has helped manufacturers and…

Dada explained that in line with the 2nd Executive Order of July, 2002, the sharing of the Derivation Fund to beneficiary states will be based on the 13 per cent Derivation Indices, using 2010-2011 Solid Minerals Revenue Contribution by the 36 States and the FCT

Elumelu was honoured at the inaugural event as one of the continent’s most successful entrepreneurs, with a track record of value creation across key sectors that are transforming the African private sector.

“In terms of investment inflow, at least 30 per cent of the investments coming into Africa comes to Nigeria, which makes the country number one investment destination in Africa.

This strategy is included in the Aviation Master Plan, which includes upgrade and development of dilapidated infrastructures, reformation of institutions, as well as the transformation of key airports into a network of domestic and international hubs.

According to the communiqué, the gross revenue for the month was N569.459 billion, which was lower than the N640.766 billion received in the previous month by N71.307 billion

The World Travel Awards is one of the most prestigious awards programmes in the global travel and tourism industry, hailed by The Wall Street Journal as “the Oscar’s of the travel industry”

Mobile number portability (MNP) enables mobile telephone users to retain their mobile telephone numbers when changing from one mobile network operator to another.

Commissioner for Finance, Dr. Wale Bolorunduro, said the N22 billion bonds also received 78 entries, which represents another unparalleled record in the annals of Capital market transactions.

In compliance with the new regulations, shareholders convened at a ‘Court Ordered Meeting’ held Thursday at the Harbour Point, Victoria Island, Lagos and unanimously approved the adoption of a commercial banking structure

Last month it was reported that the Nigerian National Petroleum Corporation alerted President Goodluck Jonathan to a looming acute fuel shortage if the Federal Government fails to pay N1.13trn subsidy owed it (NNPC).

FirstBank has demonstrated its belief in the cultural importance of the iconic city of Lagos with the pride of place it has assumed on the board and the broad support it has provided for the project.

According to CFI, Zenith Bank was named as the best Commercial Bank in Africa this year “in view of its sterling work at home over the past 22 years, and given the excellent progress it has made in other markets within Africa and further afield.”

Speaking to BusinessDay on the latest development, Ugochukwu Okorafor, CBN’s director of communications maintained that the loan decision was in line with the apex bank’s mandate of maintaining financial system stability.

The Chairman of the Bank, Alhaji Lamis Dikko, said that the right issue comprised 1,551,500,000 ordinary shares of N1.00 each.

The head of security at the NSPMC, Emmanuel Bala, has also been asked to go on compulsory leave by the board of directors of the company. The general manager, management services, Obi Igoban is expected to write him the letter of suspension today.

“At some point in the past, the Board had had cause to seal off NTA, NDDC, PHCN, UBTH, NPDC, Union Bank, First Bank, Mainstreet Bank among others. These corporate citizens have since settled their liabilities to the state government and are operating freely in the state.”

A statement signed by the party’s National Secretary, Mr. Rafiu Salau, noted that the recent justification by the CBN that the high interest rates was to control inflation in the economy is not acceptable.