Business

Oil Rises After OPEC Sources Say Saudi Crude Output Fell

Oil futures gained on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions against major exporter Iran. Brent crude futures rose 54 cents to settle at $73.75 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 52 cents to settle at ...

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36 Finalists Emerge In Maiden National MSMES Awards

In line with the Buhari administration’s commitment to continue to support growth in the Micro, Small and Medium Enterprises (MSMEs) sector, arrangements have reached advanced stage to host the first ever National MSMEs Awards as 36 finalists have emerged for the event scheduled to hold in Abuja on August 2. The 36 finalists were selected from businesses across the country ...

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State House, Budget Office, 306 Others Spent N149bn Illegally – Auditor-General

The Auditor-General for the Federation, Mr Anthony Ayine, has queried 308 Ministries, Departments and Agencies of government over extra-budgetary spending of N149.5bn in 2016. According to a Punch report, this is contained in the 2016 annual report of the Auditor-General for the Federation, which was obtained by The Punch on Sunday in Abuja. The 2016 audit report is the latest ...

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Nigerian Banks Fight On Twitter: And The Winner Is…

Some Nigerian banks have engaged in a social media battle, throwing banters at each other on their Twitter handles. Some seem to be winning and others are at the receiving end. Four major banks so far involved in the battle of wits are Sterling Bank, Access Bank, First Bank and Union Bank. The beef apparently started when Sterling bank took ...

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Osinbajo To Address Business Summit In Dubai, UAE

Vice President Yemi Osinbajo, SAN, would be delivering the keynote address at the Christ Redeemers Friends International (CRFI), Middle East-UAE Chapter Professional Business Summit in Dubai, United Arab Emirates (UAE) on Saturday, July 21, 2018. At the event, Prof Osinbajo would be addressing top corporate executives and international business organizations in the Middle East and Africa.The event, organised by the ...

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Ecobank Appoints Patrick Akinwuntan Managing Director & Regional Executive-Designate Of Ecobank Nigeria

The Board of Directors of Ecobank Transnational Incorporated (ETI) has announced the appointment of Patrick Akinwuntan as the Managing Director & Regional Executive-designate of Ecobank Nigeria, subject to applicable regulatory approvals. Prior to this appointment, Patrick was the Group Executive, Consumer Banking responsible for leading the Consumer Banking business across Ecobank’s global network of 40 countries, 36 of which are in Africa. As a seasoned banker with over 20 years of senior and executive management experience, Patrick ...

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Aviation Minister Unveils New National Airliner Nigeria Air

The Federal Government of Nigeria on Wednesday unveiled the new National Carrier. It is called ‘Nigeria Air’. The News Agency of Nigeria reports that the Minister of State for Aviation, Sen. Hadi Sirika, did the unveiling to investors at the ongoing Farnborough International Air Show in UK. The colour is green white green. According to Sirika the new carrier will ply ...

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Export Inflow At LFZ To Hit $6billion By 2020 – Ambode

…says time for Nigeria to broaden export products beyond oil Lagos State Governor, Mr Akinwunmi Ambode, on Thursday said the export inflow at the Lekki Free Zone (LFZ) in Ibeju Lekki area of the State is projected to hit over $6billion (about N2.159trillion) by 2020, saying it was time for Nigeria to develop sustainable roadmap to rev up export with ...

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Dangote Cement Issues Largest-Ever Commercial Paper In Nigeria

Dangote Cement PLC, Africa’s largest cement producer, has announced the issuance of 50 billion Series 1 and 2 Notes under its 150 billion Commercial Paper Programme, announced on 27th June 2018. The Series 1 and 2 Notes will be listed on Nigeria’s FMDQ OTC Securities Exchange on 19th July 2018. Funds raised in the Commercial Paper (CP) Programme will be used for ...

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