“We are consuming about 6 to 7 million metric tonnes of head rice meaning we need 12 to 14 million metric tonnes paddy. With our growing population, we must be aiming at producing 15 to 20 million metric tonnes of…
Ernest Ndukwe, pioneer head of the Nigeria Communications Commission, (NCC), will from September 2 2019, replace Pascal Dozie as the chairman of MTN Nigeria Communications LTD. Dozie leaves the corporation which he began heading from its inception in 2001, alongside…
Mele Kyari, group managing director of the Nigeria National Petroleum Corporation (NNPC), urged Eni’s Nigerian subsidiary Agip, to finish phase 1 of the refurbishment of the Port Harcourt refinery at the scheduled month of October. He impressed this on the…
The Monetary Policy Committee of the Central Bank of Nigeria has left its Monetary Policy Rate unchanged at 13.5 per cent as at Tuesday, July 23, 2019. The committee made this known at the end of a two-day meeting held…
The Nigerian National Petroleum Corporation has signed a deal worth $3.15bn Financing and Technical Services Agreement between Sterling Oil Exploration and Energy Production Company Limited (SEEPCO) and the exploration and production arm of NNPC, the Nigerian Petroleum Development Company (NPDC),…
The Central Bank of Nigeria (CBN) has issued operating license to three new banks to operate in the country. The new banks issued license are Titan Trust Bank Limited, TAJ Bank Limited and Globus Bank Limited. According to the apex…
The Lagos Chamber of Commerce and Industry, LCCI, has commended the new lending policy for deposit money banks which prescribes a minimum Loan Deposit Ratio of 60 per cent effective 30th September 2019, describing it as a move in the…
Access Bank Plc has once more received honours at the 2018 Karlsruhe Sustainable Finance Awards in Germany as the bank emerged winner across two categories. This recognition came, barely 24 hours after the bank bagged the Euromoney Awards for Excellence…
Euromoney, a financial information company based in Europe, has named Guaranty Trust Bank plc the best bank in Africa. The bank got the honour at the 2019 edition of the annual awards of Euromoney which held in London on Wednesday.…
Uber is planning to introduce a boat service in the city of Lagos. The global ride-hailing company made its plan known through it’s Chief Business Officer, Brooks Entwistle who was in Lagos this week. Entwistle said the company is in…
