The federal government said it plans to move the Gross Domestic Products (GDP) from the current 15 per cent to 25 per cent between the next two and four years. Speaking at the Nigeria Employers’ Consultative Association (NECA) 62nd Annual General Meeting (AGM) in Lagos, Vice President Prof Yemi Osinbajo...
The Nigerian National Petroleum Corporation on Thursday advised motorists and other petroleum product consumers to disregard the trending rumour of a planned hike in the pump price of Premium Motor Spirit, popularly known as petrol. It explained that the statement of the corporation’s Group Managing Director, Mele Kyari, at the...
Zenith Bank Plc has introduced a new feature on its internet banking platform that allows customers apply for Dubai Visas and make the associated Visa Fee payment effortlessly. According to sources at the Bank, the new offering is aimed at creating a more convenient and efficient way for Nigerians to...
Central Bank of Nigeria (CBN) on Monday said that many Nigerians are unable to access loans from commercial banks because they cannot distinguish between working and fixed capital. The apex bank added that many Nigerians also cannot access its many initiatives as they don’t have bank accounts. Director, Corporate Communications Department...
Some shareholders of Forte Oil (FO) Plc on Tuesday tasked the new management of the company on continuous payment of dividend and adherence to good corporate governance. The shareholders made the demand in an interview with newsmen in Lagos on expectations from the new management team following Mr Femi Otedola’s...
Billionaire oil magnate, Femi Otedola, on Wednesday announced the completion of his divestment plans from Forte Oil. Mr Otedola in a message posted on his verified Instagram page said he has divested from the business and will now concentrate on his power generation business. “In line with my principle of business...
The Bank of Industry (BoI) has disbursed $82million to some indigenous investors for the purchase of ships. The cash covers support for companies involved in ship repairs and allied investments. The money represents a part of the $200million fund under Nigeria Content Intervention Fund (NCIFUND). The Managing Director of BoI, Kayode...
The Founder/Chairman of Zenith Bank, Mr. Jim Ovia, has expressed optimism for more investments in the Nigerian economy. This is coming few days ahead of the second-quarter earnings season with investors keen on expected future earnings as a guide to positioning for investments in the Nigerian market. According to him, Nigeria...
Only a few companies are making the 5G cell tower hardware that will connect billions of devices to next-generation cellular networks, so when one of them issues a major software update, it can impact a huge number of people. That’s why Ericsson’s announcement of “cutting-edge Standalone New Radio (NR)...
Airbus on Monday launched a long-range version of its A321neo jet at the Paris Airshow. Airbus Chief Salesman Christian Scherer said in Le Bourget, France, that with the new jet, one could fly from north-eastern Asia into south Asia; from the Middle East to Bali or from Japan deep into...