Business

The trapped funds belonging to foreign airlines operating in Nigeria has been reduced from $812.2m in April to $783m in August. The International Air Transport Association said the funds belonging to foreign airlines, which had been trapped in the Central Bank of Nigeria had reduced to $783m as of August …

ExxonMobil President of Global Upstream Operations, Liam Mallon, has assured President Bola Tinubu of the oil giant’s commitment to expand its footprints in Africa’s biggest oil producer. Mallon said at a meeting with Tinubu in New York that ExxonMobil would reach a new production of nearly 40,000bpd in its Nigerian …

The Nigerian National Petroleum Company Limited in line with its status as a Company and Allied Matters Act Company has executed the retirement of three Executive Vice Presidents that would have been due for retirement in 2024. Those affected by the retirement are the Executive Vice President, Gas, Power and …

Akinwumi Adesina African Development Bank (AfDB) President,  Akinwumi Adesina has called on Korean investors to seize untapped investment opportunities in Africa, especially in the energy and agriculture sectors. Adesina, in a statement on the Bank’s website said the African continent could not be ignored by investors. He spoke at a …

COREN identifies universities running engineering programmes with expired or totally without accreditation across Nigeria. The Council for the Regulation of Engineering in Nigeria (COREN) has identified universities running engineering programmes with expired or totally without accreditation across Nigeria. COREN warned the affected universities that they will be blacklisted as non-accredited …

The Federal Government through the Ministry of Transportation has revealed plans to improve the welfare of the staff of the Nigerian Railway Corporation and to foster better working conditions. The Minister of Transportation, Sa’idu Alkali, who made the disclosure recently during a familiarisation visit to the NRC’s Headquarters in Ebute-Meta, …

The Niger Delta Development Commission has promised to collaborate with the Oil and Gas Free Trade Zone Authority on the development of industrial parks in the Niger Delta region. The NDDC Managing Director, Dr Samuel Ogbuku, made this known during a courtesy visit by a delegation from the OGFTZA, led …

File photo: Tiktok A European Union regulator fined a Chinese-owned social media platform, TikTok, 345 million euro over child data breaches on Friday. Ireland’s Data Protection Commission said in a statement that it has handed down the “administrative fine”, which is equivalent to $369 million, over the breaches it uncovered …

The National Pension Commission (PenCom) will commence the 2023 online verification and enrolment exercise for prospective retirees of Federal Government Treasury-Funded Ministries, Departments and Agencies (MDAs) who are due to retire in 2024. The enrolment exercise will be held from 2 October to 31 December 2023. To adapt to the …

FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital projects such as the acquisition of new property, school expansion and reconstruction has been remodeled to a period of up to a maximum tenor of 48 months. Since its launch in …