Business

Royal Embassy of the Kingdom of Saudi Arabia(KSA) in Nigeria,  Faisal bin Ebraheem Alghamdi, has  put  the volume of trade between the country and Nigeria at  more than $600million. He also said the Kingdom has given more than 200 scholarships to Nigerian students to study in different universities across the KSA. Alghamdi made the disclosures Monday evening in Abuja during the celebration of the Read More

A facility management expert and Managing Director, Global Property & Facilities International Limited, Dr. Muhammad Balogun has implored construction industry operatives to adhere strictly to states’ and federal regulations. He also urged architects to approach their work with the utmost professionalism, recognising that their expertise and diligence guide both structural integrity and public safety. Balogun, who spoke at the Ikeja Read More

Questions are being asked on the genuineness or otherwise of the National Housing Fund (NHF).This report examines how the fund has fared in the last 31 years. Established by Act 3 of 1992 the National Housing Fund (NHF) is meant to mobilise funds for the provision of affordable residential houses for Nigerians. It is expected that commercial and merchant banks Read More

The Managing Director of Total Energy, Dr. Samba Seye, has said the organization is committed to protecting the environment and promoting climate actions, while provoking environmental consciousness among communities and young ones. He made this known at Obele Community High School and Ideal Girls School, Lagos State to commemorate the World Clean Up Day.  Dr Seye added that the commemoration, Read More

President Bola Ahmed Tinubu, has stated that the nation is playing a rallying role in the response to the biodiversity crisis.  A statement by the Minister of State, Environment, Dr Iziaq Kunle Salako, who represented President Tinubu at the recent high level event for “Nature and People: From ambition to action” that was held in the margin of the 78th Read More

  The Permanent Secretary of the Federal Ministry of Environment, who is also the Chairman, Federal Technical Committee of the Agro-Climatic Resilience in Semi-Arid Landscapes ( ACReSAL ) Project, Mr. Ibrahim Yusufu Idris, has presented 11 operational vehicles to some of the lead implementing MDAs on the ACReSAL Project and a charged them to be focused. He gave the charge recently at the Read More

Conoil Plc, has reported gross earnings of N145.8 billion for the 2022 financial year. The amount represents an increase of 5.3 per cent against N138.2 billion in the corresponding period of 2021. The major oil marketer in a statement at the weekend on its audited results for the year ending December 31, 2022, said despite the massive developmental challenges in the Read More

Access Holdings’ net profit for the first half of the year rose by about 52 per cent compared to the corresponding period of last year as its half-year revenue reached N900 billion mark for the first time ever. Gross earnings for the period climbed by 58.9 per cent to N940 billion, putting the financial services group on track to dwarf Read More

Africa’s Global Bank, United Bank for Africa (UBA) has announced that it is once again the headline sponsor of the 2023 edition of the annual Lagos International Trade Fair.  In partnership with the Lagos Chamber of Commerce and Industry (LCCI), organisers of the annual event, UBA seeks to bolster small and medium scale businesses, while catalysing entrepreneurial growth across the Read More

  Africa’s Global Bank, United Bank for Africa (UBA) has announced an initiative aimed at providing robust and comprehensive financing solutions to support and boost activities of Small and Medium scale Enterprises (SMEs) across the African continent. Through this initiative, the bank will be giving SMEs the opportunity to access financing for small businesses that specialise in the key sectors Read More

Major International Oil Companies (IOCs) in Nigeria have earmarked over $55 billion investment in various oil and gas activities up to 2030. Analysts believe this is an outcome of President Tinubu’s intensive investment drive recently. According to Special Adviser to the President on Energy, Olu Verheijen, the commitment follows a series of engagements with key government officials. About $13 billion is Read More

Lotus Bank Limited and Development Bank of Nigeria (DBN) have reiterated their commitment towards supporting key stakeholders in driving more  resilient payment infrastructure in Nigeria. Addressing financial journalists in Lagos at one day  conference, Lotus Bank stressed that the financial institution has enhanced its capabilities in advancing customer-centric solutions to ensure ease of payment while the DBN said an efficient payment Read More

Zenith Bank, Access Holdings, GTCO, UBA and eight other banks listed on the floor of the Nigerian Exchange raked in a whopping N72.723 billion from account maintenance charges in the first half of 2023. According to data extracted from the half-year financial statements of these banks, the amount represented a 7.44 per cent increase compared to the N67.690 billion recorded Read More

The World Bank has approved a fresh $700 million loan for Nigeria to boost adolescent girls’ learning and empowerment. According to a statement published on its website, the lender said the new loan will serve as additional funds for an ongoing project known as the Adolescent Girls Initiative for Learning and Empowerment. The Bank noted that apart from the girls Read More