By Dakuku Peterside . Recently, I was opportuned to listen to a presentation titled “Nigeria’s Economic Prospects” by one of Nigeria’s foremost Economists, Dr Ayo Teriba. He articulated Nigeria’s current economic woes and situated them in the global context of…
Glencore, a United Kingdom commodities firm has been directed to pay more than $313 million within 30 days to a UK Court for using bribes to secure its oil profits in Nigeria and four other African countries. The order came…
On Monday, the NAOC Joint Venture (JV) made up of Oando PLC, Agip and the Nigerian Petroleum Development Company Ltd (NPDC), delivered food and essential commodities to 260 communities affected by flood in Rivers Bayelsa, Delta and Imo states. As…
By Seun Ibiyemi The Minister of Transportation, Mu’azu Jaji Sambo has presented a budget of N92,633,608,218 (ninety two billion,six hundred and thirty three million, six hundred and eight thousand,two hundred and eighteen Naira only), to the Joint Committee of the…
Dana Airline, on Friday, announced that it would resume flights operations on Nov . 9. The Accountable Manager of Dana Airline, Mr Ememobong Ettete, said this in a statement issued by its Corporate Communication Officer, Mr Kingsley Ezenwa, in Lagos. The…
By Philemon Adedeji The Shareholders of Wemabod Limited have approved N63,200,000 million dividend payout translating to N24.29 per share. The approval was given at 48th Annual General Meeting (AGM), which took place in Lagos at the weekend. The outgoing Chairman…
First Bank of Nigeria has reiterated its support to mining sector development and growth as part of efforts to diversify the nation’s economy. First Bank’s Group Head, Corporate Banking, Energy (Upstream and midstream), Temitayo Osundosumu, said this during a panel…
The African Development Bank (AfDB), has signed an agreement with First City Monument Bank (FCMB) for a 50-million-dollar line of credit. This is contained in a statement issued by AfDB Group, Nigeria Country Department, Chukwuemeka Ezekiel on Friday. The line of…
Sterling Bank Nigeria Plc said it recorded 41.52 per cent growth in its profit after tax in nine months of 2022, in spite of economic challenges. The Group’s unaudited financial report showed it earned N13.41bn in the nine-month ended September…
By Ibiyemi Mathew The new edition of Ericsson’s Breaking the Energy Curve Report has offered means on how communications service providers (CSPs) can better deploy 5G in an energy-efficient, sustainable, and cost-effective way. 5G has been deployed globally in more…
