By Godwin Oritse FEDERAL Government and the promoters of the Lekki Deep Seaport, yesterday, projected that the port in Lagos is capable of generating $158 billion through direct and induced business when the port becomes operational. Speaking to newsmen during a tour of the port, Minister of Information and Communication, Mr. Lai Mohammed, said the […]

Africa’s first Digital Bank, ALAT By Wema, has unveiled the #BeAudacious campaign, as part of activities commemorating its 5th anniversary. Wema Bank in a statement said: “The #BeAudacious campaign, which was led by the Brand Ambassador and one of Africa’s leading music icons, Davido saw ALAT By Wema target the opening of one million new […]

ProvidusBank has launched ProvidusEco, Nigeria’s first eco-friendly debit card at a ceremony that also coincided with marking this year’s Earth Day. Commenting, Managing Director and CEO of ProvidusBank, Mr. Walter Akpani, said, “ProvidusEco is a contactless card created with biodegradable materials and will in the first instance be released under the Platinum MasterCard brand.” According […]

By Nkiruka Nnorom Stakeholders in the energy sector have called on the Federal Government to reverse the award of 2020 marginal oil fields, citing the high bidding cost and signature bonus as too demanding on bidders. Specifically, they noted that the astronomical increase in the bidding cost and signature bonus between 2003 and 2020, have […]

By Udeme Akpan & Ediri Ejoh THE Petroleum Technology Association of Nigeria, PETAN, has called on Nigeria and other African nations to chart their independent energy transition paths. Many experts in Europe and other continents have already called for an immediate ‘ban’ of fossil fuel, citing its environmental hazards and other factors as reasons. Responding […]

•As Naira appreciates by N16 By Elizabeth Adegbesan The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market rose sharply by 201.5 percent, year-on-year (YoY), to $14.53 billion in the first four months of the year (January to April 2022) from with $4.82 billion in the corresponding […]

By Nkiruka Nnorom Shareholders of MTN Nigeria Communication Plc have approved the payment of N174.44 billion final dividend, which translates to N8.75 per share dividend. This brought the total dividends paid by the company for the year ended December 31, 2021 to N13.12 per share. It had declared N4.55 per share interim dividend in July […]

By Godwin Oritse THE Federal Government has warned APM terminals at Apapa and others to adhere to government’s freight forwarders’ directive on the collection of practitioners operating fee, POF. Speaking during a meeting between officials of the Ministry of Transportation and Council for the Regulation of Freight Forwarders and terminal operators in Lagos weekend, Permanent […]

…Firms transfer increase to consumers By Nkiruka Nnorom In apparent reflection of the high inflationary pressure across the country, the cost of raw materials for consumer goods rose sharply by 40 per cent in 2021, but with little impact on the profitability of producers. Since 2020, Nigerians have been battling with persistent increase in prices […]

By Nkiruka Nnorom The equities market closed the month of April on a roller coaster with investors recording N1.45 trillion gains driven by renewed interest that followed the release of impressive first quarter (Q1) 2022 earnings reports and rise in the prices of crude oil in the international market. The stock market rebounded from its […]