President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made this known in a post via his official X handle on Monday. Onanuga stated that the move, which is …read more →
Month: July 2024
NLNG’s Energy-Efficient Chartered Vessel, AKTORAS, Arrives Bonny Terminal for Maiden Loading
AKTORAS, a new state-of-the-art and energy-efficient vessel, recently chartered by Nigeria LNG Limited (NLNG), has arrived at the Company’s Bonny Terminal for its maiden loading of LNG. According to a statement by the Manager, of Corporate Communication and Public Affairs, Sophia Horsfall, the charter of the vessel by NLNG’s shipping subsidiary, Bonny Gas Transport Limited …read more →
Access Bank Wins Euromoney Awards for Excellence 2024
Access Bank has been honoured at the Euromoney Awards for Excellence 2024, being named Nigeria’s Best Bank and Ghana’s Best Bank for ESG. These accolades highlight the Bank’s outstanding performance and commitment to sustainable practices across its operations in Africa. For over two decades, Access Bank has consistently demonstrated its ability to innovate and provide …read more →
Access Bank Raises N442 Billion Capital through Syndicated Tier II Facility
In a significant stride towards fostering economic growth, Access Bank PLC, sub-Saharan Africa’s largest bank by customer base, has celebrated a landmark moment in its partnership with the Dutch Entrepreneurial Development Bank (FMO). The occasion marked the signing of a monumental syndicate Tier II Facility agreement of USD295 million (equivalent of about N442,500,000,000), underscoring a …read more →
FG Creates Livestock Development Ministry
Amid the lingering crisis between farmers and herders across the country, President Bola Tinubu has announced the creation of a Federal Minister of Livestock Development. Tinubu inaugurated the Renewed Hope Livestock Reforms Implementation Committee at the State House, Abuja, on Tuesday, 9 July, 2024. Recall that on September 14, 2023, the National Livestock Reforms Committee …read more →
Access Holdings’ Shareholders Pledge Overwhelming Support for Rights Issue
Shareholders of Access Holdings PLC have expressed overwhelming confidence in the company’s growth strategy and pledged their support for the ongoing N351 billion rights issue. This, they did, at the recent “Facts Behind the Rights Issue” presentation held at the Nigerian Exchange (NGX) office in Lagos. The shareholders praised Access Holdings for its impressive track …read more →
FG Cancels Import Duties on Food for 5 Months
The Federal Government, on Monday, announced a 150-day duty-free import window for food commodities as it stepped up efforts to tackle rising inflation which had impoverished many Nigerians. The government also expressed its decision to collaborate with states to expand land cultivation across the country. Consequently, the government suspended duties, tariffs and taxes for the …read more →
Nigeria’s Debt-to-GDP Within World Bank/IMF Ceiling, Says DMO
The Debt Management Office (DMO), says Nigeria’s debt-to- Gross Domestic Product (GDP) – debt-to-GDP- ratio is within the specifications of the World Bank and International Monetary Fund (IMF) for the country’s peer group. The Director-General of the DMO, Patience Oniha, said this in an interview on Tuesday in Abuja. Oniha was reacting to some media …read more →
World Bank appoints Ndiamé Diop as Country Director for Nigeria
The World Bank has appointed Dr Ndiamé Diop as the new Country Director for Nigeria, a statement by the Bank has said. In a statement, the Bank revealed that Diop assumed his new position in Abuja on Monday and succeeded Shubham Chaudhuri, who completed his term in the same capacity. It said in his new position, …read more →
Gov Oyebanji Inaugurates A-Bamisil Palm kernel Crushing Plant in Ekiti
Governor Biodun Oyebanji of Ekiti on Friday, inaugurated A-Bamisil, a privately owned 200 metric tons per day capacity palm kernel oil (PKO) crushing plant to reduce unemployment, hunger and poverty in the state. Oyebanji, while inaugurating the A-Bamisil Palm kernel Crushing Plant located along Ijan road in Ado-Ekiti, promised that his administration would play a …read more →