Oil price hits 11 month high on S/Arabia’s move
Oil hits 11-month high after Saudi Arabia pledges voluntary output cut – Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while…
Peace Mass Transit secures controlling 55.82% shares of C&I Leasing
C&I Leasing Plc yesterday announced the purchase of 313,326,316 units of the Neoma Africa Fund L.L.C by Peace Mass Transit Limited. This was disclosed by the company in a statement signed by the Company Secretary, Mbanugo Udenze & Co, a…
Nigeria’s international debt jumps to $31.98bn
The Debt Management Office (DMO) says Nigeria took loans worth $31.98 billion from World Bank Group, International Monetary Fund (IMF), African Development Bank (AfDB) Group and others as of September 2020. This is contained in the September 30, 2020, debt…
Joshua Agboola becomes MTN mPulse Hackathon Champion
Growing master Joshua Agboola, a 12-year-old JSS 2 student of Bellina College, Akoka, Lagos has emerged winner of the MTN mPulse Hackathon themed ‘Beyond Covid.’ He won the competition by creating ‘Kagukar Study Buddie,’ a home-schooling, remote education and learning…
New PIB may weaken oil industry’s growth if –LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has expressed fear that some provisions of the new Petroleum Industry Bill (PIB) could adversely affect growth of the industry and economy. Emphasising its support for government’s efforts at driving industry reform…
TEF to drive 3000 entrepreneurs in 2021, targets 50% female participation
In a bid to provide access to capital to entrepreneurs, the Tony Elumelu Foundation (TEF) has said its intervention is targeting about 3000 Small and Medium-sized Enterprises (SMEs) with a special focus on female entrepreneurs. This is even as the…
Fidelity Bank gets first female GMD, Onyeali-Ikpe after Okonkwo’s exit
The new Managing Director/CEO of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, whose tenure formally commenced on January 1, 2021 has assumed office, becoming the 4th Chief Executive and first female to occupy the position since the inception of the bank…
Nigeria Telecoms in 2020: How NCC’s Regulatory Activities fared—(2)
Last week December 31st, 2020, we started with Part 1 of the series capturing landmark regulatory initiatives by the Nigerian Communications Commission (NCC). Today, we are continuing the series with strategic look at how the agency performed in boosting Federal…
NPA records another capacity development feat
Caverton Helicopter Limited recently acquired a Sikorsky S-92 Helicopter (SN-920299), a 19 seater heavy helicopter which is the first to be operated by a wholly indigenous African company via the Port & Terminal Multiservices Limited (PTML) at the Tin Can…
