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...
The Nigerian Electricity Regulatory Commission (NERC) has said that in second quarter 2019, international customers owed Nigeria electricity bills totally N11.17billion.
The commission’s second quarter report noted that in the period under review, the customers did not make any payment to the Nigerian Bulk Electricity Trading (NBET) Plc and Market...
Stanbic IBTC Bank Plc has reaffirmed its interest in the growth of the Nigerian entertainment industry in Nigeria. The bank has reiterated its support for the construction of various cinemas as well as the provision of infrastructure to galvanize growth in the industry.
Enterprise Finance Officer, Enterprise Banking, Stanbic IBTC...
The Federal Government has ordered Turkish Airlines to suspend its operations in Nigeria due to repeated cases of poor passenger treatment by the airline.
It gave the directive through the Nigeria Civil Aviation Authority (NCAA), directing the airline to suspend its operations until it was ready to operate with the...
The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.
Dr Kabir Katata, Deputy Director, Research Department of NDIC, gave the advice in Yola on Wednesday at the 2019 NDIC Workshop for Business Editors and Finance Correspondents Association of...
The Federal Government has said Nigeria cannot service its debts with the current revenue generation capacity.
The government insisted that debt to Gross Domestic Products ratio is still within the threshold but admitted that the debt to revenue ratio is high.
Minister of Finance, Budget and National Planning, Zainab Ahmed, made...
Dr Dakuku Peterside, Director-General, Nigeria Maritime Administration and Safety Agency (NIMASA), says corruption discourages investment and growth of the country.
Peterside told newsmen on Tuesday in Abuja that corruption impacted negatively on the society and should not be encouraged.
“Now the other dimension of corruption which our people keep ignoring is...
THE Asset Management Corporation of Nigeria (AMCON) on Monday took over Cedar Oil & Gas Exploration and Production Limited over N29 billion bad debt and appointed Receiver/Manager to oversee the firm.
Hon. Justice C.J. Aneke of the Federal High Court Lagos Division granted an injunction against Cedar Oil & Gas...
United Bank for Africa (UBA) Plc on Monday awarded millions of Naira as education grants to winners of its annual national essay competition.
A 14 year-old student of Louisville Girls High School, Ogun State, Miss Oluwatoroti Jolaosho emerged the overall winner of the 2019 edition of the UBA Foundation National...
Nigeria’s premium soft drink brand, Fayrouz, has launched its new sleek 33cl can drink at an exclusive event which took place at the RSVP Restaurant, Victoria Island, Lagos.
Tagged ‘Find Your Difference’, the launch campaign celebrates drinkers who thirst for excitement and innovation, with the aim to be special and...
