Business Archives — Page 25 of 562

January 11, 2025 No Responses

INEC Proposes N126b Budget For 2025

The Independent National Electoral Commission (INEC) has proposed the sum of N126 billion for its 2025 budget. The Chairman of the Commission, Prof Mahmood Yakubu, made the presentation while defending the 2024 budget implementation before the National Assembly on Friday....

January 11, 2025 No Responses

NDDC Canvasses Support For The Elderly

The Executive Director of Corporate Services in the Niger Delta Development Commission, NDDC, Hon. Ifedayo Abegunde, has appealed to organisations and the elite to extend a hand of fellowship to underprivileged citizens. Abegunde said this when the NDDC top of...

January 10, 2025 No Responses

Tinubu Seeks Increase In China-Nigeria Currency Swap

President Bola Tinubu on Thursday urged the government of the People’s Republic of China to increase the $2 billion currency swap between Nigeria and China to enhance trade between the two countries. He also called for an upward review of...

January 10, 2025 No Responses

CBN Stops Extension Of Export Proceeds Repatriation

The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation on behalf of exporters. This directive, which was issued through a circular dated January 8, 2025, take immediate effect. The suspension applies to both...

January 10, 2025 No Responses

NIGERIA’S FIRSTBANK SETS SIGHTS ON ETHIOPIA, ANGOLA, CAMEROON

Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria Limited is gearing up for its next growth phase as financial systems across the continent open up to new opportunities. More than a decade after an acquisition spree...

January 9, 2025 No Responses

NIMASA, NDLEA To Strengthen Partnership

The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to supporting the National Drug Law Enforcement Agency (NDLEA) in the fight against drug abuse and trafficking within Nigeria’s maritime domain. This was emphasized...

January 9, 2025 No Responses

Chinese Bank Approves $254.76m Loan For Kano-Kaduna Railway

The China Development Bank (CDB) has granted a loan of 245 million euros ($254.76 million) for the construction of the Kano-Kaduna railway project in Nigeria. A statement by the bank on Tuesday said the move was to provide financial support...

January 8, 2025 No Responses

ALGON Boss To FG: Implement LG Autonomy With Caution

The Chairman of the Association of Local Government Chairmen of Nigeria (ALGON), Kebbi State Chapter, Muhammad Ambursa, has revealed that some local government councils across the country would struggle to pay workers’ salaries without state government suppo...

January 8, 2025 No Responses

KPMG Survey: UBA Emerges Top 5 In Customer Experience, SME, Retail Banking, Others

United Bank for Africa (UBA) Plc has Sustained cemented its position as a leading customer-centric institution, emerging among the Top 5 banks, in various survey’s segmentation, in the recently released KPMG 2024 West Africa Banking Industry Customer Experie...

January 8, 2025 No Responses

NFF Appoints Eric Chelle As Super Eagles Head Coach

The Nigeria Football Federation (NFF) has confirmed the appointment of Éric Sékou Chelle as Head Coach of Nigeria’s Super Eagles. This was reached at its ”meeting held in Abuja on Thursday, 2nd January 2025, the NFF Technical and Development S...

January 8, 2025 No Responses

TINUBU’S REMARKS AT THE SWEARING-IN OF PRESIDENT JOHN MAHAMA IN GHANA

It is always good when a friend and brother can visit the home of a close neighbour to celebrate his success and progress with him. We celebrate African Democracy today as Ghana and her beloved people mark the transition from...

January 7, 2025 No Responses

Equity Capital: GTCO Raises N209b In First Phase

Guaranty Trust Holding Company (GTCO) Plc has raised N209 billion out of its recent N400.5 billion public offer. GTCO had launched a public offer of 9.0 billion ordinary shares of 50 kobo each at N44.5 per share. In a statement...

January 7, 2025 No Responses

Tony Elumelu Foundation Opens Applications For Entrepreneurship Schemes

The Tony Elumelu Foundation (TEF) has announced the opening of the application portal for its 2025 Entrepreneurship Programmes. It urged aspiring and existing entrepreneurs from across Africa to apply for world-class training, expert mentoring, and non-refunda...

January 6, 2025 No Responses

SERAP To NNPCL: Account For N825b, $2.5b For Refinery Repairs

The Socio-Economic Rights and Accountability Project (SERAP) has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari to “account for and explain the whereabouts of the alleged missing N825bn and $2.5...