Business

Agric expert proffers solution to achieving zero hunger by 2030

Checking the place of Nigeria on the scale of the Sustainable Development Goal (SDG) of zero hunger by 2030 becomes imperative as experts have continued to issue strong warnings on the likelihood of hunger related socio- economic crises across the country. Besides COVID’19, the ugly situation has been further exacerbated by the Russia/Ukarine war, which […]

Business

Stakeholders harp on orange-fleshed sweet potato for baking

With prices of wheat flour skyrocketing, researchers and industrialists have advised bakers to experiment and adopt the use of Orange- Fleshed Sweet Potato (OFSP) and cassava flour to reduce cost of production. Head, Iresi Outstation, National Root Crops Research Institute (NRCRI), Umudike, Solomon Olufemi Afuape, said OFSP attained maturity within three months and depending on […]

Business

SEC approves new window for fixed income securities

The Securities and Exchange Commission (SEC) has approved the Nigerian Exchange Limited (NGX)’s guidelines on Trade Execution via Nigerian Exchange Ltd’s On-Manual Negotiated Deal Window for Fixed Income Securities. These Guidelines on Trade Execution via NGX On-Manual Negotiated Deal Window for Fixed Income Securities (“Guidelines”) provide guidance to approved trading license holders for the use […]

Business

ExxonMobil Acquisition: No official notification withdrawing approval –Seplat

Nigeria’s oil giant, Seplat Energy, has said it is yet to receive notification from any quarter withdrawing the Ministerial Approval of its proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (“MPNU”) In a statement made available to New Telegraph yesterday, the oil firm said: “Seplat Energy has received no official notification […]

Business

Jaiz Bank grows balance sheet to N300bn in 10 years

Jaiz Bank Plc, Nigeria’s premier noninterest bank, has grown its balance sheet from an initial N12 billion 10 years ago at the start of operations to N300 billion in 2021. The bank, in addition, witnessed rapid expansion in branch network from three to 45 branches spread across the country. Managing Director/CEO of Jaiz Bank, Mallam […]

Business

Badagry Port: Concessionaire promises 250,000 jobs, $54bn revenue

As Lekki Port prepares to take off next month, concessionaire of the newly-approved Badagry Deep Seaport project, Badagry Port Development Limited (BPDL), has said that the project will generate $54 billion revenue and create about 250,000 jobs. The port is expected to compete with Lekki, Tema, Lome and other deep seaports in the West Africa […]

Business

Foundation trains widows on water transfer printing

In keeping with its core objective of empowering and uplifting widows in the country, the Rose of Sharon Foundation, the brainchild of Apostle Folorunso Alakija, recently trained a total of 79 widows, including some of their children, in hydrographic- water transfer printing in Lagos. The two-day training facilitated by Gold, Chrome and Hydrographic Limited in […]

Business

Survey: 12 states owe workers’ salaries

No fewer than 12 states in Nigeria owed workers at least one month’s salary as of July 28, 2022, a BudgIT nationwide survey has shown. The civic-tech organisation, in a statement yesterday, said it conducted the “empirical survey to spotlight and identify state governments that have consistently failed to meet the essential requirement of governance […]

Business

FirstBank celebrates International Youth Day

As it commemorates the 2022 International Youth Day, globally celebrated today on August 12, First Bank of Nigeria Limited has announced that it dedicated the week 8 to 12 August to organising activities to reiterate its commitment to youth empowerment. The International Youth Day, which is commemorated every year on August 12, brings youth issues […]

Business

Kuda positions for expansion with major appointments

Kuda, the Money App for Africans, is poised to stamp its footprint in the global banking industry with the appointment of Pavel Khristolubov and Elena Lavezzi as its new Chief Operating Officer (COO) and Chief Strategy Officer (CSO) respectively, at the group level. The appointments, which were the outcome of a diligent recruitment process aimed […]

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