The latest data from the Bloomberg Billionaires Index showed that Aliko Dangote was the only Nigerian on the list of 500 billionaires on Tuesday. The index, which polls the net worth of the richest 500 people in the world and updated by the close of trading at the New York Stock Exchange, showed that as…
The Management of the Nigerian National Petroleum Corporation (NNPC) has announced the promotion and redeployment of some staff to fill key vacant positions in the corporation. The corporation made this known in a statement by its spokesperson, Dr Kennie Obateru, in Abuja on Monday. It stated that the appointments and redeployments were to strengthen and…
Vice President Yemi Osinbajo says the African Development Bank (AfDB) has agreed to support Micro Small and Medium Enterprises(MSMEs), especially technology-based ones with 500 million dollars in Nigeria. Osinbajo disclosed this on Sunday at the 33rd Inaugural Lecture of Babcock University, Ilishan Remo, Ogun. The institution’s 33rd Inaugural Lecture was delivered by Oluseyi Oduyoye, Professor of…
By Trust Africa News, Ayomide Otitoju Editor The enactment of the Nigerian Oil and Gas Industry Content Development, known as the Local Content Act in 2010 to promote indigenous participation in Nigeria’s oil and gas industry, and improve the economic and social wellbeing of the players in the oil and gas industry, was initially met…
The Nigeria National Petroleum Corporation (NNPC) says its group operating revenue in April increased by 17.73 per cent amounting to N535.61 billion. The Corporation disclosed this in its Monthly Financial and Operations Report (MFOR) for the month of April 2021 released in Abuja, on Sunday. “The NNPC Group operating revenue in April 2021, as compared…
Trust Africa News, By Ayomide Otitoju, Editor At the Council Meeting of the Lagos Chamber of Commerce & Industry on Wednesday 4th August 2021, there were deliberations on what practical steps can be taken by the Government to boost revenue and foreign exchange inflows. Nigeria’s fiscal and financial challenges have been of concern to several…
The Lagos-Kano train service will go into operation from Friday, Aug. 13. Mr Ismail Adebiyi, Regional District Manager, Northern District of the Nigerian Railway Corporation made this known in Zaria, Kaduna State, on Sunday when he spoke The train would leave Lagos on Friday evening and arrive in Kano on Sunday morning, he said. Adebiyi…
The Group Chief Executive Officer, Nigeria Exchange Group Plc, Mr Oscar Onyema, has said demutualisation will reduce conflict of interests in the shareholder-owned entity and support agile decision-making. Onyema said this at the Association of Capital Market Academics of Nigeria (ACMAN) webinar on Friday where he featured as the guest speaker. He added that demutalisation…
Access Bank Plc has equipped 74,000 Access Closa agents to provide financial services to customers across the country, to drive financial inclusion. Mr Robert Giles, Senior Banking Advisor, Retail, Access Bank, made this known in a statement on Friday in Lagos. He said the agents were empowered with POS, to deliver superior value to its…