Agency Report Saudi Arabia has suspended flights to three countries, including the neighboring United Arab Emirates, to protect against a coronavirus variant, the interior ministry said Saturday. The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad, after a ban on foreign trips that lasted more than a year….
By Opeyemi Oladele, Henceforth in Ogun State, cases and disputes in business transactions between two parties of not more than one million naira will be settled amicably in Small Claims Courts without the involvement of lawyers, the State Attorney-General and Commissioner for Justice, Mr. Akingbolahan Adeniran has disclosed. Adeniran made this revelation at a training…
By Oluwafunso Obasan, The Public Private Partnership model of the Prince Dapo Abiodun administration in Ogun State has received an additional boost, as AfreximBank is dedicating the sum of $200m towards projects implementation and other initiatives of the administrationThe President/Chairman, Board of Directors, AfreximBank, Mr. Benedict Oramah who made this known at the Governor’s office,…
Okechukwu Nnodim Indications emerged on Thursday that the planned July 1, 2021 review of the various electricity tariffs in Nigeria had been stalled following concerns around low power generation by the sector. It was gathered that gas constraints to gas-fired power generation plants and the reduced water level needed by hydropower stations had impacted negatively…
Nike Popoola The Managing Director and Chief Executive Officer, Sterling Bank Plc, Mr Abubakar Suleiman, has called on players in the private sector to provide vigorous support to the ongoing COVID-19 vaccination exercise so that more people will get vaccinated and drive a speedier reopening of the economy. He said this while addressing participants at…
A pan-African financial institution, United Bank for Africa Plc, has said it is committed to supporting businesses and financial inclusion in Africa through its consumer lending products. UBA said there had been clear evidence that credit remained a major economic stimulant and growth driver. According to the lender, credit has been largely inaccessible to the…
Our Reporter Guinness Nigeria Plc has acquired a 10-hectare strategic industrial asset in the heart of Ikeja industrial hub as the Diageo subsidiary plans to scale up its operations in Nigeria × The industrial asset is a 10-hectare property in the Ikeja industrial hub of Lagos State. The multi-billion-naira asset which formerly belonged to Universal…
Qualified women entrepreneurs in the Nigerian oil and gas industry can now benefit from the $40m Women in Oil and Gas Intervention Fund deployed by the Nigerian Content Development and Monitoring Board and Nigerian Export-Import Bank. The NCDMB is contributing $20m to the pool and it will be matched by the same amount in naira…
Polaris Bank says it has introduced a new reward initiative, tagged ‘Refer & Win’, for existing and new users of the bank’s digital banking platform, VULTe. The bank said this in a statement on Wednesday titled ‘Polaris Bank launches ‘Refer & Win’ reward for VULTe users’. According to the statement, users have the chance to…
