Latest Nigeria Business News
The Petroleum and Natural Gas Pensioners’ Association Nigeria has been inaugurated with the aim of fostering the interest of pensioners in the oil and gas industry. PENGPAN said in a statement that the inauguration and resolution on the adoption of the name for the association took place in Lagos, on June 18, 2019. It said, […]
The management of BEDC Electricity Plc. (BEDC) has assured residents of Ondo South that it is committed to providing power to their various communities provided the federal Government through the Transmission Company of Nigeria (TCN) addresses the present technical constraints that impede power distribution to the areas. BEDC in its reaction to complaints by Governor […]
Sterling Bank Plc, Nigeria’s leading commercial bank, has said it is lending support to a programme organised by The Teaching Network Foundation (TTNF) in a bid to improve the quality of teachers in Nigeria’s education sector. The programme themed “Introducing and Developing a Sustainable Assessment Strategy to Improve Teaching and Learning,” was held at the […]
Samsung Heavy Industries Nigeria (SHIN) has received the ‘Project of the Year’ award at the African Assembly, organised by the Oil & Gas Council in Paris on June 24, 2019. SHIN received the award, along with its client Total, for the Egina Floating Production Storage and Offloading unit (FPSO), which will add 200,000 barrels of […]
…as Fate Foundation’s EEP Class 24 visit Polaris Bank Polaris Bank Managing Director/CEO, Tokunbo Abiru has described SMEs as catalyst for economic growth whilst pledging the support of the Bank to advance the growth of entrepreneurs and businesses that operate in that space. Abiru stated this last week while playing host to the Class […]
After ending many financial years without paying dividends, Jaiz Bank has assured its shareholders that come next year, dividends will be paid out. If this assurance comes true, it will be the first ever dividend payout to the shareholders of Nigeria’s pioneer Islamic bank in its eight years as a bank. Speaking […]
The Nigeria Institution of Estate Surveyors & Valuers (NIESV) has called for urban regeneration of Lagos State. They said a development plan is needed as the population growth is expected to double by 2050, making it the 3rd most populous city in the world according to reports by Worldpopulationreview.com. Chairman, NIESV, Lagos Branch, Mr. Adedotun Bamigbola […]
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is providing a Cocoa processing and export company in Ondo State – with 50% Credit Risk Guarantee for N2Billion working capital facility. As part of the plan, the Nigerian Export-Import Bank (NEXIM) and UBA are financing the purchase, storage, processing and export of […]
A subsidiary of Sahara Group, Asharami Energy, has said oil and gas businesses in Africa need to intensify exploration efforts to guarantee reserve replacement and enhance capacity to meet growing demand and global competition. The company’s Managing Director, Olajumoke Ajayi, said operators needed to adopt new technology, explore alternative cost-saving measures, ensure sustainable community relations, […]
Nigerians still do not have access to finance despite the proliferation of commercial banks in the country over the years. The Managing Director/ Chief Executive Officer, Nigeria Deposit Insurance Corporation, Mr Umar Ibrahim, stated this when he paid a courtesy visit to the President of the Senate, Ahmad Lawan, in Abuja on Wednesday. He specifically […]