The Tony Elumelu Foundation (TEF), in collaboration with United Nation Development Programme (UNDP) has released the names of 2,100  entrepreneurs to benefit from the inaugural TEF-UNDP Entrepreneurship Programme. A statement explained that the programme targets small business owners in rural communities across the seven Sahel countries of Africa – Nigeria,...
The Nigeria LNG Limited says it has paid over $7bn as taxes and issued more than $15bn as dividend to the Federal Government since it started operations. NLNG’s Managing Director, Tony Attah, who disclosed this recently in Abuja, also stated that the company had the target of expanding its LNG...
Peak electricity generation on the national grid dropped by 292.4 megawatts between Monday and Tuesday, latest industry figures from the Federal Ministry of Power showed. It was also gathered on Wednesday that a fault involving an underground cable connecting 60MVA 132/33kV T3 and its grounding transformer in Kakuri power transmission...
The Nigerian National Petroleum Corporation (NNPC), Shell, Total, and ENI on Friday signed the final investment decision (FID) to give the go-ahead for the construction of Train 7 of the Nigeria Liquefied Natural Gas (NLNG) project. The FID was initially scheduled to be sealed last week Thursday. But, after two...
Fidelity Bank Plc has remained a leading financial institution among Micro Small Medium Enterprises (MSMEs) for deposit transaction, credit facilities and overall customer service experience, recording significant improvements in a recent survey. The bank which has grown its reputation for supporting small business, moved up four places to reach second...
The African Development Bank (AfDB), says its portfolio investments in the Economic Community of West African States (ECOWAS) region is 20 billion dollars. This is contained in a statement released by the bank’s Communication and External Relations Department on Sunday. It said that the bank’s President Mr Akinwumi Adesina disclosed this...
Card maintenance fees scrapped ATM cost reduced Bank charges will go down in January as the Central bank of Nigeria (CBN) at the weekend announced a new regime of rates. The Card Maintenance Fee (CAMF), which many customers described as unnecessary, has been scrapped. The Automated Teller Machines (ATMs) charge has...
Huawei Technologies Company Nigeria Limited has assured that it would provide advanced and innovative support to MTN Nigeria following the trial roll-out of 5G network technology in Nigeria. In a statement in Abuja, Managing Director of Huawei Technologies Company, Mr. Zhang Lulu, stated the company would keep supporting MTN through...
The Nigerian Stock Exchange (NSE) has warned newly inducted stockbrokers against unethical practices as the Exchange will not hesitate to sanction any stockbroker that violates its rules. Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema, said the Exchange has a zero tolerance policy on all infractions and it...
The President/Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, yesterday said the company would increase its revenue base from $4 billion to $30 billion by 2021. Dangote disclosed this when the Minister of Finance, Budget and National Planning, Zainab Ahmed, paid a working visit to the Dangote Refinery, Petrochemicals...