Mobile Money Adoption

AfDB, MTN to Research Mobile Money Adoption in Northern Nigeria

October 21, 2021
By Sodeinde Temidayo David Research aimed to understand mobile money adoption among women in the northern part of Nigeria is to be carried out with the supports of the African Development Bank (AfDB) and MTN Nigeria. A grant of $500,000 has been provided to make this a reality and it would be conducted by Y’ello Digital Financial Services (YDFS), a
2021 African Energy Week

Kyari to Highlight PIA Benefits at 2021 African Energy Week

October 21, 2021
By Adedapo Adesanya The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, is set to outline the benefits of the Petroleum Industry Act (PIA) at the 2021 African Energy Week (AEW) set to hold in Cape Town, South Africa. At AEW 2021, Nigeria’s delegation will be led by Mr Timipre Sylva, Minister of State for
port officers

Minister Tasks Port Officers on Professional Discharge of Duties

October 21, 2021
By Adedapo Adesanya The Minister of Transportation, Mr Rotimi Amaechi, has charged Port State Control Officers (PSCOs) to display a high level of professionalism in carrying out their duties of inspecting foreign ships at national ports. Mr Amaechi said this in a statement signed by the Director of Press and Public Relations of the Ministry, Mr Eric Ojiekwe. He spoke
Honeywell Flour Expects Market Conditions

Honeywell Flour Expects Market Conditions to Remain Tough

October 21, 2021
By Dipo Olowookere The Chairman of Honeywell Flour Mills Plc, Mr Oba Otudeko, says he expects market conditions to remain tough, though he sees the company coming out stronger. Business Post reports that businesses in Nigeria are battling with a tough operating environment as the benchmark interest rate is at 11.5 per cent, with the inflation as of September 2021
Nigerian Economy

Nigerian Economy to Grow 2.6% in 2021, 2.7% in 2022 – IMF

October 22, 2021
By Adedapo Adesanya The Nigerian economy is expected to grow by 2.6 per cent in 2021, the latest International Monetary Fund (IMF) on Thursday said. The country’s gross domestic product is expected to achieve progress thanks to high oil prices, even if production will remain below pre-COVID levels, it added. Meanwhile, the Bretton Wood institution then predicted a 2.7 per

Politics

loan for Nigeria's Indorama

AfDB Approves $75m Loan for Nigeria’s Indorama

March 28, 2024
By Adedapo Adesanya The African Development Bank (AfDB) approved a $75 million loan for Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited as part of a $1.25 billion facility arranged by the International Finance Corporation (IFC), which will enable the firm to increase its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional

Travel

Latest

IST Holds Workshop on Capital Market Jurisprudence

By Modupe Gbadeyanka A seminar aimed at teaching members of the judiciary, especially judges and lawyers on new skills in the capital market jurisprudence has been organised by the Investment and Securities Tribunal (IST). The training programme took place at this week
July 19, 2018
NDIC bank fraud

Buhari Picks Mustapha to Chair NDIC Board

By Modupe Gbadeyanka Mr Olabode Mustapha has been nominated by President Muhammadu Buhari to chair the board of director of the Nigerian Deposit Insurance Corporation (NDIC). Also, the President nominated six other Nigerians as members of the board of the agency, which
July 19, 2018
Tax officials at NDDC headquarters

NDDC Faults Sealing of Headquarters over Tax

By Modupe Gbadeyanka The Niger Delta Development Commission (NDDC) has described the sealing of its headquarters in Port Harcourt by the Rivers State Internal Revenue Service (RIRS) as unnecessary and embarrassing. Speaking on the matter, Mr Chijioke Amu-Nnadi, the Special Assistant on
July 19, 2018
FGN Savings bond

FG Raises N343m from July FGN Savings Bond Offering

By Modupe Gbadeyanka About N343.1 million was realized by the Debt Management Office (DMO) for the Federal Government of Nigeria (FGN) Savings Bond offered for the month of July 2018. The debt office made this disclosure on Wednesday on its website while
July 19, 2018
Honeywell Ecobank suit

Honeywell Floors Ecobank at Supreme Court

By Modupe Gbadeyanka About three appeals filed by Ecobank against Honeywell Group at the Supreme Court were last Friday dismissed by the apex court of the land. The appeals were thrown out for lack of merit. The Court of Appeal on March
July 19, 2018
cyril fasuyi fraud

Confusion as NHIS’s N720b Disappear, Banks, Others Indicted

By Modupe Gbadeyanka Questions are already being asked over the disappearance of about N720 billion, which was ‘invested’ by the National Health Insurance Scheme (NHIS) in 12 years with no concrete answer being provided. According to The Nation, not even the NHIS
July 18, 2018