Business

Dr Akinwumi Adesina AfDB President. African Development Bank (AfDB) says the African continent faces an annual GDP shortfall that could exceed 127.2 billion dollars by 2030. It stated on Friday that the shortfall would occur if current trends in climate finance flow into Africa continued. “Africa may lose as much …

  As the President Mohammadu Buhari’s administration winds down in glorious departure, mischief makers have rolled up their sleeves to drag in the mud the hard-earned credibility of Mr. Mele Kyari, the group managing director of the Nigerian National Petroleum Company Limited (NNPCL), alongside Mr. Umar Ajiya, the company’s group …

The Central Bank of Nigeria, CBN, has slammed a minimum fine of N2 million as a penalty on banks that disobey its new guidelines on the management of dormant accounts, unclaimed balances and other financial assets in financial institutions in the country. CBN defines a dormant account as a bank …

The federal government has brought a four-count charge against Seplat Energy at a federal high court in Abuja, over an alleged breach of extant provisions of the Immigration Act, 2015. Roger Brown, the company’s chief executive officer (CEO); Basil Omiyi, board chairman; Edith Onwuchekwa, company secretary/legal counsel; as well as …

Nigeria, Lagos – 13 April 2023: Following the breakthrough of the expanded air transport agreement between the United Arab Emirates and Canada, Emirates is stepping up its frequency with two additional flights per week between Dubai and Toronto. From 20th April, daily flights will operate on the busy route to serve …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has launched its @ease Savings Challenge to encourage wallet holders to adopt a savings culture. The challenge which commenced 01 March 2023 is set to run till 08 June 2023, participants will have 100 days to save a minimum of N1,000 …

  The Corps Marshal of the Federal Road Safety Corps (FRSC), Mr. Dauda Biu has commended Dangote Industries Limited (DIL) for the adoption and implementation of safety standards in the Road Transport Safety Standardisation Scheme (RTSSS) in the company’s operations. Mr. Biu, who stated this in Abuja when he hosted a …

The Christian Association of Nigeria (CAN) has expressed “utter dismay” at the recent social media advert by FrieslandCampina WAMCO Nigeria PLC, makers of Peak Milk, which used the crucifixion of Jesus Christ as a metaphor to promote their product on Good Friday. CAN’s displeasure was contained in a statement on …

DG, Debt Management Office, Patience Oniha The Director-General of the Debt Management Office, Ms Patience Oniha, has said promissory notes, budget deficit and constant borrowing have led to an increase in public debt. She said this while speaking on Wednesday on Sunrise Daily, a Channels Television programme. While expressing her …

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced that the 6th edition of its annual Youth Leadership Series (YLS) will hold on 6 April 2023. The theme for this year’s edition is “Winning in Career and Business. YLS is a flagship initiative of Stanbic IBTC designed …