Sterling Bank, United Capital List N20.3bn Commercial Papers

By Modupe Gbadeyanka Business owners in Lagos have been assured of more incentives by the state governor, Mr Babajide Sanwo-Olu, who added that this is part of his administration’s commitment to reforms aimed at improving the ease of doing business and enhancing investment opportunities. Speaking at the commissioning of the newly-built wet hair production factory of Godrej Nigeria Limited, the Governor said his government would continue to pursue actions that would eliminate red tapes and regulatory impediments hindering the growth of businesses in the state, thereby demonstrating his willingness for continued collaboration with the private sector to improve the livelihood

By Adedapo Adesanya The House of Representatives has pledged to stop international oil companies (IOCs) operating in the Niger Delta from divestment of their offshore assets without being accountable to the environment. The Chairman of the House of Reps Committee on Host Communities, Mr Dumnamene Dekor, said this during a technical session on the implementation of the Host Communities Development Trusts (HCDT), organised by Spaces for Change (S4C) with support from Ford Foundation. Mr Dekor raised the alarm that since the passage of the Petroleum Industry Act in 2021, host communities have not experienced any positive change, rather have remained

By Modupe Gbadeyanka Lagos State Government said it has commenced implementation and enforcement of the State Water Sector Law enacted in 2004. It also confirmed the establishment of the Lagos State Water Sector Court to prosecute offenders and illegal water service providers. According to the Commissioner for Environment in the state, Mr Babatunde Adejare, stated this on Tuesday at a two-day retreat organised for officials of the water sector in Lagos State on the establishment of Lagos State Water Sector Court with the theme ‘Towards achieving a safe and sustainable water sector in Lagos State.’ Mr Adejare, who was represented

By Adedapo Adesanya Crude oil jumped more than 2 per cent on Friday, making a swift recovery from the previous’ day plunge as the market focused on what next after the Colonial Pipeline restarted its entire pipeline system returning supply to the market. The Brent and West Texas Intermediate (WTI) futures had lost more than 3 per cent on Thursday after the pipeline system feeding more some crucial US states began deliveries in all of its markets. This halted the rally that had lifted crude to an eight-week high earlier in the week. But on Friday, the Brent rose by

By Adedapo Adesanya The United Nations has earmarked $15 million in emergency funding from the UN Central Emergency Response Fund (CERF) to support urgently needed humanitarian assistance, especially food insecurity and malnutrition in northeast Nigeria. According to the UN Resident and Humanitarian Coordinator for Nigeria, Mr Matthias Schmale, the CERF allocation will enable humanitarian agencies to improve and strengthen timely and coordinated access to appropriate food and cash aid to the most vulnerable in crisis-affected areas. “The food security and nutrition situation is deteriorating, with more and more families pushed towards vulnerability, and forced to resort to negative coping mechanisms

By Dipo Olowookere Data released yesterday by the Debt Management Office (DMO) showed that Nigeria’s external debt profile has increased to $15.35 billion. This figure, according to the debt office, is what the Africa’s largest economy owes as at September 30, 2017. This amount also reflects a marginal rise of 1.9 percent from $15.05 billion the foreign debt closed as at June 30, 2017. A breakdown of the details as released by the DMO on Tuesday showed that Nigeria owes international financial institutions a total of $9.9 billion. These bodies include World Bank, African Development Bank (AfDB) and others. Also,

By Modupe Gbadeyanka For their exceptional contributions to the growth of the company and their outstanding services to customers, Airtel Nigeria has promoted some of its employees across its regions of operations. It is the first leg of its yearly promotion exercise held twice a year in July and December. In this first batch, no fewer than 20 members of staff moved into senior leadership roles, out of which three are women, with one promoted to the position of Vice President. In a statement, the telecommunications network provider said the promotions, which took effect from April 1, 2023, mark another

By Modupe Gbadeyanka Marriot International has announced the opening of its second hotel in the ‘World’s Wildlife Capital’, Four Points by Sheraton Nairobi Airport, further consolidating its presence in Kenya. Strategically situated within the main complex of the Jomo Kenyatta International Airport, the hotel is within easy reach from major highways and overlooks the famous Nairobi National Park. It perfectly complements the Four Points by Sheraton Nairobi Hurlingham, located in the city’s central business district which opened earlier this year. “Four Points by Sheraton Nairobi Airport is a great addition to our East Africa portfolio and strengthens our rapidly growing

By Dipo Olowookere The Nigerian Content Development and Monitoring Board (NCDMB) has begun the construction of the Nigerian Oil and Gas Park at Odukpani, Cross River State, with the goal of creating a regional low-cost manufacturing hub that would produce equipment components and spare parts that would be utilized in the Nigerian Oil and Gas industry. The Odukpani Park is the first to take off among four planned sites and will be followed by the site in Emeyal 1, Ogbia Local Government Area, Bayelsa State. Speaking at the ground-breaking ceremony on Friday, the Executive Secretary, NCDMB. Engr. Simbi Wabote credited

By Dipo Olowookere Leading multinational, General Electric (GE) and leading entrepreneurship organisation, The Tony Elumelu Foundation (TEF) have announced a partnership that would allow up to 25 Tony Elumelu EF Entrepreneurs to participate in a dedicated 4-week advanced manufacturing training program every year at GE’s Lagos Garage, a hub for advanced manufacturing-based innovation, strategy development, idea generation and collaboration. The partnership results from the mutual interest of both organizations to foster economic growth and empowerment in Nigeria by building a skilled workforce and driving entrepreneurship development in the country. Expressing her thoughts on the collaboration, GE Director of Communications &