Latest Nigeria Business News
The National Bureau of Statistics on Monday released the consumer price index, which measures inflation with the index dropping year on year from 11.40 per cent in May to 11.22 per cent in June. The bureau in the report said the June inflation rate of 11.22 per cent represented a decrease of 0.18 percentage points […]
The Nigerian National Petroleum Corporation has issued award letters for contracts to exchange crude oil for imported petroleum products, Reuters quoted sources familiar with the matter as saying. A total of 15 groupings, with at least 34 companies in total, received award letters, four sources with knowledge of the deals were quoted as saying. The […]
The Board of Directors of Total E&P Nigeria has appointed Mr Mike Sangster as Managing Director/Chief Executive of the company. According to a statement, the appointment took effect from July 1, 2019. Sangster succeeds Mr Nicolas Terraz, who is now the Senior Vice- President for Africa, for the Exploration and Production branch. The statement said, […]
What could have been a major disaster for the creative advertising sector as well as the integrated marketing communication industry in Nigeria was averted when members of Association of Advertising Agencies of Nigeria, AAAN, escaped a near plane crash on their way to Asaba, the Delta state capital for the 46th AGM/Congress of the association […]
Approval of an International Monetary Fund (IMF) bailout for Congo Republic this week is expected to unlock around $2 billion in funding from the African Development Bank (AfDB), an official with the Abidjan-based multilateral lender said on Friday. Following two years of negotiations, the IMF’s executive board on Thursday approved a 3-year programme worth nearly […]
U.S. online retail giant Amazon plans to open a new warehouse in Germany this year and create more than 2,800 jobs with permanent contracts in what is its second-biggest market after the United States. That will bring Amazon’s total staff in Germany to more than 20,000 across more than 35 sites by the end of 2019, […]
Dr Akinwumi Adesina, President, African Development Bank (AfDB), is to launch World Hunger Fighter’s Prize and Fellowship foundation with a view to ending global hunger. A statement issued by the bank in Abuja, Nigeria’s capital, said that the foundation would also work toward lifting millions of people in Africa out of poverty. According to the […]
The Executive Vice Chairman of the Nigerian Communication Commission,(NCC),Professor Umar Dambatta, has declared in Kano,that the issue of Cyber Crime in the country would soon come to an end,as punitive measures are been put in place to checkmate the trend. Dambatta,who spoke to reporters,shortly after receiving an award excellence,at the 2019 Annual Dinner and Awards […]
First City Monument Bank (FCMB), in partnership with MOD Education, is supporting its customers who are aspiring to study abroad Both institutions also organised a two-day International English Language Testing System (IELTS) training in Lagos for candidates seeking admission. The bank’s Executive Director, Retail Banking, Olu Akanmu, said the bank packaged this programme to meet […]
Access Bank Plc has given its customers N5.5 billion as rewards under its DiamondXtra reward scheme, a special savings campaign. Onyekachi John, a businessman and nine others, emerged winners at the May monthly draw of the DiamondXtra Season 11 reward scheme. DiamondXtra is an interest-yielding hybrid account which allows deposit of both cash and third […]