STANDARD and Poor’s Global rating agency has affirmed its ‘B/B’ long-term issuer credit ratings and ‘ngA/ngA-1’ Nigeria national scale ratings on Access Bank and discontinued its ‘CCC+/C’ issuer credit ratings and ‘ngBB/ngB’ Nigeria national scale ratings on Diamond Bank. According to the agency, the stable outlook on Access Bank reflects the expectation that the bank […]
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Business News
CAC registers 618,309 companies in three years
The Corporate Affairs Commission (CAC) has revealed that it has registered over 618, 309 companies between 2016 to 2018. Speaking at a stakeholders forum organised by the Agency in Abuja on Tuesday to interact with customers and have feedback on the successes of its policies, the Acting Registrar of CAC, Lady Azinge commended the number […]
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Tribunal: Akinlade, Ogun APM file motion ex-parte to inspect election materials
The governorship candidate of the Allied Peoples Movement, Hon. Adekunle Akinlade and his party, have filed a motion ex-parte before the Governorship Election Petitions Tribunal in Ogun State, seeking an order mandating the Independent National Electoral Commission (INEC) to make election materials used for the conduct of March 9 election available for inspection. Just as […]
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NBMA fully backed by National Assembly ― Chidoka
The Chairman House Committee on Environment and Habitat, Honourable Obinna Chidoka, has said that the National Biosafety Management Agency (NBMA) has the full support of the National Assembly. He stated this while addressing the management team of NBMA during an oversight visit by the Committee to the Agency in Abuja on Monday. Hon. Obinna Chidoka, […]
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ACAI, GIZ/SEDIN organise training for 35 lead farmers to boost cassava yield
RECOGNISING the devastation caused by weeds to cassava farming systems, GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit) has organised training of trainers for its 35 lead farmers, farmer cooperatives, extension agents and the N-power youths in Abeokuta, Ogun State. The objective of the training of trainers which took place recently in Abeokuta was to help farmers […]
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3,050 entrepreneurs win 2019 TEF entrepreneurship grants
The Tony Elumelu Foundation (TEF) on Friday announced 3,050 African entrepreneurs as winners of its 2019 entrepreneurship programme. Drawn from all 54 African countries, each of the awardees in the 5th cycle will earn $5,000 of seed capital, access to mentors, and a 12-week business training programme directly focused on the needs of African entrepreneurs. […]
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’10 transformers vandalised in Onitsha business area in 2018′
Managing Director of Enugu Electricity Distribution (EEDC) PLC, Okey Nwosu, has said that not less than 10 distribution transformers around the Onitsha Business District were destroyed by vandals in 2018. Nwosu who was represented by Head, Security of the company, Mr. Frank Ejiofor said this at a Customer Forum organised for its customers in Onitsha, […]
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Customs arrest ex-corps member with diplomatic vehicle
Emefiele laments Nigeria’s loss $10bn forex annually from oil palm export
As Central Bank of Nigeria (CBN) formally kick-started the process of revamping the country’s oil palm industry on Monday, its Governor, Godwin Emefiele lamented the loss of an estimated $10 billion annual foreign exchange earnings that would have accrued from the value chain. At a stakeholders meeting on the palm oil value chain attended by […]
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Airtel shares forfeiture claims are false, Ecobank Group subsidiary claims
The management of a special purpose outfit owned by the Ecobank Group, O&O Networks Limited, has debunked certain media reports that there is no forfeiture order from the Federal High Court of Nigeria in its legal proceedings against Ecobank Transnational Incorporated (ETI) or Ecobank Nigeria Limited. O&O Networks Limited is defending a long-standing suit before […]
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