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WEEKLY NEWS REVIEW

10 Konga shoppers set for exclusive weekend mentorship with Ekeh, Zinox boss

The contest for places among customers of Konga, Nigeria’s leading composite e-commerce giant, for the all-expense paid Knowledge Weekend mentorship programme with the Chairman, Zinox Group, Leo Stan Ekeh is set to reach a climax this week,…

NCDMB assures Continuous Support to Local Content Development in Africa

The Nigerian Content Development and Monitoring Board (NCDMB) is ever ready to support other African nations in developing and implementing local content policies as a strategy for improving indigenous participation and value optimization…

NIMASA meets with approved CVFF lending banks

The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) on Wednesday, January 25, 2023, met with members of the Executive Management of Jaiz Bank, United Bank of Africa (UBA), Union Bank, Zenith Bank and Polaris…

NCMDB Boss Emerges Leadership Local Content Champion Of The Year

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has been selected as the recipient of the Leadership Local Content Champion of the Year Award by the Board of Editors of the…

NITDA flags off TIES Scheme nationwide

In furtherance to the delivery of the President Muhammadu Buhari, administrative ambitious policy of uplifting 100 million Nigerians out of poverty, the National Information Technology Development Agency (NITDA) is harnessing the innovative…

New Notes: Shutdown in Lagos, others as banks go off network, standstill

Banking activities on Tuesday, January 31, 2023, across commercial banks in Lagos and other major Nigerian commercial cities were frustrated by hanging network experiences which lead to little or no transactions by many customers who either…

TotalEnergies: Improved revenue pushes EPS growth of 13.0% y/y in Q4-22

TotalEnergies Marketing Nigeria Plc (TOTAL) has published its Q4-22 unaudited financials reporting EPS growth of 13.0% y/y to NGN11.57 in Q4-22 (Q4-21: NGN10.24), supported by improved revenue (+46.6% y/y) and lower operating expenses…

FEC endorses data protection Bill for transmission to NASS

The Federal Executive Council (FEC) at its meeting of 25th February, 2022 approved the Nigeria Data Protection Bill. By virtue of this historic approval, the Bill will now be transmitted to the National Assembly as an Executive Bill through…

Moody’s Investor Service downgrades Nigeria’s sovereign credit rating

On Friday, 27 January, Moody's Investors Service ("Moody's") downgraded Nigeria’s sovereign credit rating further to ‘Caa1’ from ‘B3’ and changed the outlook to ‘Stable’. We note that obligations rated ‘Caa1’ are judged to be of poor…

Wabote Opens PETAN Secretariat In Port Harcourt

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Friday commissioned the secretariat of the Petroleum Technology Association of Nigerian (PETAN) at Trans-Amadi Industrial…

Just in: Nigeria-Niger Rep. seal MoU to complete Kano-Maradi Rail

The Federal Government has stressed the importance of the Nigeria-Niger Republic rail line, reaffirming that the project will boost trade and other socio-economic interaction between both countries and in the continent. Minister of…

Choscharis Boss, Maduka other dignitaries at 2022 Sun Newspapers Awards

PRESIDENT OF THE COSCHARIS GROUP, DR. COSMAS MADUKA, CON; UNITED NIGERIA AIRLINE MD, PROF. OBIORA OKONKWO, OFR; FORMER PDP PUBLICITY SECRETARY, OLISA METUH; AND THE SUN PUBLIC SERVICE ICON WINNER/MD, NATIONAL INLAND WATERWAYS AUTHORITY…

MTN Group CEO, Ralph Mupita, lauds NGX for access to financial securities

The Chief Executive Officer of MTN Group, Ralph Mupita, has lauded Nigerian Exchange Limited (NGX) for democratising access to financial securities, thereby empowering more Nigerians. He said this when in recognition of the importance of…

Mafab unveils 5G Network in Lagos, targets Kano, Port Harcourt soonest

Mafab Communications Limited Thursday, January 26, 2023 launched its 5G network in Lagos and assured Nigerians of super high speed internet connectivity for data service as well as seamless voice service. The telecom company had a similar…

Petronella drags INNOSON to FCCPC for delivering substandard cars

A company named Petronella (Nig) Limited has sued INNOSON Vehicle Manufacturing (IVM) Company owned by Chief Innocent Chukwuma to the Federal Competition and Consumer Protection Commission (FCCPC) over failure to deliver all twelve vehicles…

Nigeria: Fulani Herdsmen may derail $538m agric fund by AfDB, others

Whereas President Muhammadu Buhari, yesterday, Wednesday, January 25 in Senegal, lauded the provision of $538.05m by the African Development Bank (AfDB), the Islamic Development Bank, and the International Fund for Agricultural Development…

Danbatta Bags Vanguard’s Regulator of the Year Award

The Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, was at the weekend in Lagos, decorated with the 2022 Regulator of the Year Award at the prestigious 11th Edition of the…

Dangote emerges as Vanguard’s personality of the year

The Management of Vanguard Newspapers over the weekend bestowed the honour of “Personality of the Year” on the President of Dangote Group, Aliko Dangote. The Newspaper rolled out red carpet in celebration of men and women who have…

Understanding the Weekly Debit Alert of Electronic Money Transfer Levy

Many Nigerian bank customers may be wondering the meaning of Electronic Money Transfer Levy of N50 being deducted from their account almost every week. Hereunder is the meaning. Recall that the Minister of Finance, Budget and National…

Collaboration key to deepen digital economy, says NITDA boss at KWASU

The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, has called for collaboration amongst the government, institutions, and the people in order to fully reap the potentials of the digital economy.…

Police, Host Communities hail Egbin Power, Sahara Foundation for good security

The Nigeria Police and stakeholders in host communities of Ijede, Egbin and Ipakan, Ikorodu Lagos State have applauded Egbin Power Plc and Sahara Foundation for upgrading the Police Station at the Divisional Headquarters in Ijede, Ikorodu,…

Over 320m Credit Cards to be Issued Globally by 2027

Just as the Central Bank of Nigeria (CBN) is working on introducing a unified Card Payment System, a new study from Juniper Research has found that the number of credit cards issued via digital card issuance platforms will exceed 321…

Lebanon: QatarEnergy, TotalEnergies, Eni begin exploration on two blocks

TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The agreements were endorsed in Beirut on January 29, during a ceremony attended by His Excellency…

CBN, NIBSS launch Nigerian domestic card scheme, ‘AFRIGO’

As part of the quest to arrive at a unified card payment system, the Central Bank of Nigeria has officially unveiled the Nigerian National Domestic Card Scheme – AFRIGO, in conjunction with the Nigeria Inter-Bank Settlement Systems (NIBSS)…

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