Fred P. Hochberg, Chairman and President of the Export-Import Bank of the United States (EXIM Bank), and Phillips Oduoza, CEO and Group Managing Director of United Bank for Africa (UBA), on Wednesday signed a Memorandum of Understanding (MOU) with the goal of expanding trade between the US and sub-Saharan Africa. The MOU was signed at […]
The Nigeria Labour Congress (NLC) last night declared yesterday’s hike in fuel price from about N86/litre to about N145/litre by the Muhammadu Buhari administration “unilateral”, saying that it “represents the height of insensitivity and impunity and shall be resisted by the Nigeria Labour Congress and its civil society allies.” A statement signed by NLC General […]
The Economic and Financial Crimes Commission (EFCC) has detained a former Minister of Finance, Amb. Bashir Yuguda, over his alleged involvement in the $115m (N23bn) bribe which was distributed by a former Minister of Petroleum Resources, Diezani Alison-Madueke. The EFCC said in a statement that the ex-minister, who is a chieftain of the Peoples Democratic […]
The Consumer Goods Forum (CGF) has announced that in just over six weeks, Cape Town will play host to scores of CEOs from the world’s most influential consumer and retail brands. The CGF Global Summit, expected to draw more than 800 delegates from over 365 companies from 40 countries, will take place at the […]
The shortlist for the 10th edition of the African Banker Awards was released on Wednesday, May 9. This year’s shortlist is dominated by some of the larger banking groups from North, East, South and West Africa. The winners will be revealed at a gala dinner during the African Bank Annual meetings that will be […]
Dangote Group of Companies on Tuesday said the organisation would create 210,000 jobs for the unemployed Nigerians in agriculture between now and 2018 in agricultural sector. The Chairman of the Group, Alhaji Aliko Dangote, said this in Katsina in a goodwill message at the opening of Katsina Economic and Investment Summit. “We will create […]
It gives me great pleasure today to sign the first full-year budget of this administration into law. I thank the leadership of the National Assembly, in particular, the Senate President and the Speaker of the House of Representatives, and indeed all members of the National Assembly for their cooperation in making this a reality. […]
First City Monument Bank Limited (FCMB) has closed down some of its branches and sacked staff of those branches, a report this morning said. The report, by Nigerian Tribune, said it was gathered Monday night that the branches affected were those formerly owned by Finbank, which has been acquired by FCMB. “Although calls to officials […]
Efforts towards rebuilding the North-East states of Borno, Yobe and Adamawa have received further boost, courtesy of a partnership between Etisalat Nigeria and Abuja Global Shapers Community, an offshoot of the World Economic Forum, which aims at bolstering pupil enrolments into primary schools in the three states affected by Boko Haram insurgency. The initiative […]
President Muhammadu Buhari finally signed his first budget as a democratically elected president of the Federal Republic of Nigeria. Tagged: ‘Budget of Change’, the harmonised document which was signed into law on May 6, 2016 in Abuja, came after several months of accusations and counter accusations between the executive and the law makers over the […]