The Nigeria National Petroleum Corporation (NNPC) and local arms of Chevron and Shell have signed alternative financing deals for key projects expected to boost Nigeria’s oil and gas reserves, improve power supply as well as support government’s effort to cut gas flaring. The alternative financing of the Sonam Project (Project Falcon) was signed in London, […]
Author: Isaac Umunna
BoA targets 15m rice farmers
The Bank of Agriculture (BoA) is targeting about 15 million smallholder rice farmers in the next two years. The bank said the idea is to engage rice farmers and to ensure the availability of food in the country. Managing Director, BOA, Kabir Adamu, said this while playing host to the Director General of National Orientation […]
Why we launched ‘Slurp it Off’- Hollandia Yoghurt
Chi Limited has said the need to meet the demand of its esteemed customers necessitated the launch another brand of Hollandia Yoghurt, “Slurp it off”, into the Nigerian market. The Hollandia Yoghurt “Slurp it off”, packed with healthy nutrition, nourishing vitamins, power of proteins, strength of calcium, and revitalising energy, according Chi Limited, is designed […]
LASG commences moves to end multiple taxation
LAGOS State government has commenced moves aimed at harmonising collection of taxes, levies and fees by all revenue generation agencies at both the state and local government levels. Taxation symbol Commissioner for Finance, Akinyemi Ashade, who made the disclosure at the 2017 Tax and Revenue Stakeholders Forum, said the measure to harmonise taxes became necessary […]
Senate grills Airtel, BUA over N30trn revenue loss
The Senate Joint Committee on Customs and Marine Transport as part of its investigation into alleged over N30 trillion revenue leakage in the import and export value chain has begun the quizzing of over 60 companies. The Chairman of the joint committee, Sen. Hope Uzodinma, at an investigative meeting with some of the companies on […]
Providus Bank opens shop
A little over one year after it was granted commercial banking license with regional authorisation by the Central Bank of Nigeria (CBN), the shape of Providus Bank brand is gradually emerging. The bank consolidated itself with the inauguration of its ultramodern headquarters, last week, in Victoria Island, Lagos. The Managing Director of Providus, Walter Akpani, […]
ntel names Ehiagwina as Acting CEO
Following the resignation of pioneer Managing Director/Chief Executive Officer, Mr. Kamar Abass, ntel, Nigeria’s first 4G/LTE-Advanced network on Tuesday appointed Abhulime Ehiagwina as Acting CEO. A statement signed by Director, External Affairs, Osondu Nwokoro, said, “Mr. Abass stepped down from his role as CEO due to urgent personal and medical considerations.” Osondu said Abhulime Ehiagwina […]
Nigerian banks extend 9mobile’s loan
By Chijioke Ohuocha A group of Nigerian banks has agreed an extension to a $1.2 billion loan made to 9mobile (formerly known as Etisalat Nigeria) pending the mobile operator finding new investors, First City Monument Bank said on Tuesday. Nigerian regulators stepped in last month to save Etisalat Nigeria from collapse and prevent lenders placing […]
SON arrests 2 Pakistanis changing products expiry dates
Two Pakistani nationals and importers of consumables have been arrested by the Standard Organisation of Nigeria (SON) Enforcement Team. The men according to SON officials specialize in changing manufacturing and expiry dates of already expired imported Fruit Juice in Lagos. A statement from the organisation stated that the cartel allegedly brought in the consignments under […]
Masari to revive moribund industries
Katsina state government is to revive all the moribund industries in the state to boost revenue and provide employment opportunities to its teeming youths, Governor Masari has said. The governor listed the industries to include; the Kankara Kaolin Factory, Daura Leather works, Mani Flour mills, Funtua Burnt Bricks, Danja Sugar factory and other various fertiliser-blending […]