The shareholders of Ecobank Transnational Incorporated have given their approval for it to raise N600m in fresh capital raise within one year. This was revealed in the resolutions adopted at the 36th annual general meeting and extraordinary general meeting of…
The Minister of Information and National Orientation, Mohammed Idris, has formally launched the Audience Measurement System for the broadcasting sector to generate accurate and reliable data of television viewers in the country. Idris, who performed the launch in Abuja on…
…As VP Shettima commissions ultra-modern fashion hub, projects 48,000 jobs annually Business owners in Ekiti State were beneficiaries of a N150,000 grant from the federal government in Ekit state. The grant was awarded under the flagship 3rd edition of the…
By Opeyemi Abdulsalam Following the completion of its repair, freight services have been restored on the old Lagos-Kano narrow gauge railroad. The Minister of Transportation, Saidu Alkali, via a statement on his official X (formerly Twitter) account said Freight services…
By Seun Ibiyemi The General Manager, Trade Modernisation Project (TMP) of the Nigeria Customs Service (NCS), Ahmed Ogunshola, said the project is built foolproof against cyber-attacks. The TMP is the automation of the business processes of the NCS to simplify…
…Targets 5% increase in market share through EPC projects The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has announced a 137 percent increase in operating profits for the year 2023.…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has advocated for full autonomy for Local Government Councils (“LGCs”) in the country just as it backs the Federal Government in its ongoing efforts to free LGCs from the firm control of…
Fidelity Bank Plc has concluded arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public Offer (the “Combined Offer”). The Combined…
Total expenditure on direct social investments by the three Shell companies in Nigeria and their partners in 2023 was $42.2 million, a 23 percent increase compared to $34.29 million in the previous year. Shell exclusively spent $14.1 million. This was…
Outgoing CEO of Airtel Africa, Segun Ogunsanya, has been named winner of the prestigious Lifetime Achievement Award in the 14th African Business Leadership Awards (ABLA) 2024. The awards are a flagship annual recognition event run by Africa Leadership Magazine (ALM),…
