• Nigeria, Ghana, South Africa Lead In Market-supportive Environment Ranking

    Nigeria, Ghana and South Africa have been ranked higher than 20 other African countries on the enforceability of standard master agreements pillar in the latest African financial markets index presented by Absa, a leading financial services provider. Absa-OMFIF financial markets index report recently released revealed that innovations in sustainable finance, ...

  • Nigeria: Country's Top Five Banks Post Small Profit Rise As Key Income Dwindles

    [Premium Times] While Access and Zenith led in revenue, profit and e-business, only UBA managed to pare down its impaired assets in the first half.

  • We ‘ll Attract More Investment – El-Rufai

    Kaduna State Government is focused on maintaining its credentials as one of the foremost investment destinations in Nigeria and has so far attracted $2.8bn in investments and pledges. Governor Nasir El-Rufai made this promise while presenting the 2022 draft budget to Kaduna State House of Assembly, with the Deputy Governor ...

  • NEPZA Lauds LFZ’s Financial Times’ Global Free Zone Award

    Managing director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has described Lagos Free Zone’s listing as “Highly Commended Free Zone in Africa” by the Financial Times FDI Magazine as a fallout of federal government’s sustained reform of the sector. Adesugba, who is also the chief executive ...

  • Gov El-Rufai Commends Relationship With Kaduna Assembly

    Governor Nasir El-Rufai has expressed appreciation to the Kaduna State House of Assembly for the close partnership that has enabled the government to innovate and drive progressive outcomes in the state. The governor who made this known while presenting the 2022 draft budget before the legislators, listed some of the ...

  • NACCIMA Welcomes Turkish President, Erdogan, Ahead Diplomatic Tour

    The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) under the leadership of Sir John Ide Udeagbala, has commenced plan towards hosting the President of the Republic of Turkey, Recep Tayyip Erdogan, who is embarking on a four-day diplomatic tour to three African countries, Angola, Nigeria and ...

  • NDLEA, Army, Raid Drug Havens In Lagos, Arrest 663 Suspects

    The National Drug Law Enforcement Agency (NDLEA) and the officers of the Nigeria Army (NA) have arrested suspected fake police officer, soldier, corps member and about 660 other suspects in a coordinated raids in notorious Lagos drug joints, in Ekiti and other states. This is even as the NDLEA destroyed ...

  • Coca-Cola Moves To Reward Nigerian Customers At 70th Anniversary

    Leading beverage company, Coca-Cola, alongside its bottling partner, Nigerian Bottling Company, has announced the launch of a new campaign, in celebration of its 70th anniversary in Nigeria. The campaign will play on the brand’s heritage and history in Nigeria with a host of exciting stakeholder engagements planned for the rest ...

  • Foreign Loans Will Help Grow Nigeria’s Economy – Rivers APC Chieftain

    A chieftain of the All Progressives Congress (APC) in Rivers State, Prince Tonye Princewill, has justified the decision of the President Muhammadu Buhari-led administration to continue to obtain foreign loans, saying that such loans will help to grow the country’s economy. Speaking with journalists in Port Harcourt on Friday, Princewill, ...

  • Towards Actualising Nigeria’s 30-year Energy Transition Plan

    Nigeria is targeting net zero emissions by 2050 in an effort to reduce greenhouse gases in the country. The federal government said to achieve its energy transition plan – universal access to energy by 2030; zero carbon emission by 2050; and industrialisation to alleviate poverty and drive economic growth – ...

  • Experts Urge Insurers, PFAs To Leverage Opportunities For Sectoral Growth

    Experts have charged insurance and pension operators to leverage on the opportunities presented by the COVID-19 pandemic for sectorial growth. The experts, who spoke at the 2021 National Conference of the National Association of Insurance and Pension Correspondents(NAIPCO) in Lagos at the weekend, noted that, though, the pandemic affected lives ...

  • Nigeria’s Poorest Spend N120bn Treating Malaria Annually

    Malaria is taking a heavy toll on Nigeria’s economy, not only in terms of the high death rate and the loss of man-hours due to illness, but also the huge financial cost of treating the disease estimated at N120bn per annum. Children under the age of five, the poorest Nigerians ...

  • ALGON: IMC Faults Move To Discredit Maje Leadership

    The Interim Management Committee of the Association of Local Government of Nigeria (ALGON) has faulted moves to discredit the Hon. Abdullahi Shuaibu Maje-led IMC of the association. Recall that the IMC had earlier in a letter addressed to the minister of Finance on October 8, 2021 debunked claims made by ...

  • 1,500 Exhibitors From 16 Countries Set For Lagos Trade Fair

    Lagos Chamber of Commerce and Industry (LCCI), the organiser of Lagos international trade fair has said this year’s fair will attract 1,500 exhibitors from 16 countries. The ten-day Lagos trade fair will commence on November 5, 2021 and will close on November 14, 2021. Speaking at the press conference on ...

  • Project Execution: Buhari Directs MDAs To Prioritise Indigenous Professionals

    President Muhammadu Buhari Thursday in Abuja directed Ministries, Departments and Agencies of government (MDAs) to give priority to indigenous professionals for planning, design and execution of national projects, admonishing that foreign professionals should only be considered where it had been certified that the local expertise is not available. Speaking at ...

  • Alleged N4.6bn Fraud: Court Imposes N200,000 Cost On Fani-Kayode

    Justice Daniel Osiagor of the Federal High Court in Lagos has imposed a cost of N200,000 on a former minister of aviation, Femi Fani-Kayode, over his failure to appear before the court for re-arraignment. Fani-Kayode is standing trial before the court alongside former minister of finance, Nenadi Usman and two ...

  • 5 Stars Pan-African Cup Set For Dec In Accra

    History is set to be made as the maiden 5Stars Pan-African Cup tagged ‘Accra 2021’ holds in Accra, Ghana. The Pan African Cup competition which will see teams from Nigeria, Ghana and other foreign countries lock horns for the ultimate prize, is scheduled to take centre stage from December 10 ...

  • Africa: Nigeria Is Africa's Third Most Attractive Destination for Foreign Investment - Report

    [This Day] The Absa Africa Financial Markets Index 2021 (AAFMI) has ranked Nigeria as the third most attractive country in Africa for foreign investment.

  • Nigeria Will Witness Boom In Lottery Sector – Gbajabiamila

    Director-general of the National Lottery Regulatory Commission (NLRC), Mr Lanre Gbajabiamila, has declared that Nigeria would soon witness a boom in lottery business as the transformation process of the industry commenced in 2017 had started yielding results. Gbajabiamila told journalists in his Jabi, Abuja office on Tuesday that the boom ...

  • Wike Assents To Judicial Officers Housing Scheme Bill

    Rivers State governor Nyesom Ezenwo Wike has said the provision of personal homes to judicial officers of Rivers’ extraction will serve as good motivation to resist enticements of all forms capable of compromising the rectitude of their judicial functions. Wike stated this yesterday at the Government House, Port Harcourt, after ...

  • Fidelity Bank Seeks Private Sector Participation In Non-oil Export

    For developing countries such as Nigeria to accelerate economic growth, there needs to be greater private sector participation in  export sector. The divisional head, Export and Agriculture, Fidelity Bank, Isaiah Ndukwe, stated this at the just-concluded 11th edition of the Fidelity Bank Export Management Programme held in Lagos. The programme ...