From Left: Dagogo Buowari, Nigerian Content Manager at NLNG (6th Left); Dr Ama Ikuru, NCDMB’s Director of Capacity Building & Corporate Services (7th Left); Engr Joshua Anemeje, NLNG Train 7 Corporate Liaison Manager (8th Left), guests and beneficiaries at the opening ceremony of Train 7 Human Capacity Development (HCD) Training in Port Harcourt in Rivers…
Nigeria’s headline inflation rate surged to 33.88% in October 2024, up from 32.7% in September, representing a 1.18 percentage point increase month-on-month. This was revealed in the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Friday. The NBS attributed the inflationary pressures to escalating transportation costs and higher food…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has refuted claims that its Group Chief Executive Officer (GCEO), Mele Kyari, is set to leave his position. The company’s spokesperson, Olufemi Soneye, dismissed the speculation during a conversation with our correspondent on Friday. The clarification followed a report by an international newspaper suggesting that…
By Ayomide Otitoju In a bid to bolster its service delivery and drive organizational growth, Adron Homes and Properties has elevated distinguished professionals to key leadership positions. These appointments, announced alongside the company’s vision for the future, highlight the contributions of these individuals to the advancement of the Adron brand. New Leadership AppointmentsThe new appointments…
By Ayomide Otitoju United Bank for Africa Plc (UBA) announced on Friday the launch of a N239.4 billion rights issue, aiming to issue 6,839,884,274 ordinary shares at N35 per share. This capital raise responds to the Central Bank of Nigeria’s (CBN) updated minimum capital requirements for Nigerian banks, allowing UBA to further bolster its financial…
By Ayomide Otitoju Access Bank has entered into an agreement to acquire a majority stake in Afrasia Bank Limited, the fourth largest bank by total assets in Mauritius, valued at $5.7 billion as of mid-2024. Access Holdings Plc, the parent company of Access Bank, announced the acquisition on Thursday through a corporate filing on the…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) clarified on Thursday that it has not halted the importation of petroleum products, despite recent remarks that sparked public speculation. NNPC spokesperson Olufemi Soneye stated that while NNPC continues to prioritize local sourcing when economically viable, it retains the option to import fuel when needed….
An Abuja-to-Lagos Air Peace flight was forced to return to the ramp early Thursday following a bird strike shortly before take-off. The incident occurred at 6:30 a.m., prompting immediate safety measures as all passengers safely disembarked from the aircraft. Air Peace’s Head of Corporate Communications, Ejike Ndiulo, confirmed in a statement that a replacement aircraft…
By Ayomide Otitoju FirstBank Nigeria Limited has announced its support for the Lagos International Theatre Festival (LITF), marking it as the first event of its kind in the state. The bank’s Managing Director, Olusegun Alebiosu, represented by Executive Director of Retail Banking South, Seyi Oyefeso, highlighted that this sponsorship aligns with FirstBank’s First@Arts Initiative. Through…
