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 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...
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...
Says Africa Has Indeed Woken Up
Vice President Kashim Shettima has said serious investors can now take unfettered advantage of Nigeria’s growing investment climate to tap from the limitless opportunities in the country and the African continent.
VP Shettima spoke on Tuesday during a forum titled, "Roadmap to Co-create Investment...
Ford Motor Co said on Monday it has decided to temporarily halt vehicle and engine production at its factories in India, South Africa, Thailand and Vietnam in response to the growing impact of the coronavirus.
In India, it began on March 21 and will be followed by other markets, the...
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...
Dangote Sugar Refinery Plc has declared a turnover of N276 billion for the financial year ended Dec. 31, 2021, translating to a 29 percent increase against the N214 billion recorded in 2020.
Its Chairman, Aliko Dangote, said this at the company’s 16th Annual General Meeting (AGM, on Wednesday in Lagos.
Mr...
The Central Bank of Nigeria has warned operators against paying recipients of diaspora remittances in local currency.
It warned that violators could lose their operational licences if they failed to comply with its guidelines on remittances.
The CBN said this in a circular to International Money Transfer Operators and Payment Service...
says 34 countries, 20 milion farmers to benefit
The African Development Bank (AFDB) says it has put in place a $1.5b Emergency Food Production Facility to support food sufficiency in Africa.
The President of the AFDB, Dr. Akinwunmi Adesina, who stated this in an interview at the Governor's Office, Oke...
Cryptocurrency exchange Binance has announced the discontinuation of its naira services, prompting users to take necessary actions before the specified timeline. The decision comes amidst a regulatory faceoff between Binance and the Nigerian government over allegations of illicit financial activities.
Binance, a leading cryptocurrency exchange, has notified users of the...
