Business

The Chairman of BUA Group has also been appointed Chairman of the France Nigeria Investment Club. The BUA Group and Axens, a French-based petroleum technology company, have both signed a progress acknowledgement statement for the proposed BUA multi-billion-dollar integrated 200,000 barrels per day refinery in Akwa Ibom State. The deal …

Nigeria’s Ngozi Okonjo-Iweala Monday resumed duty as the director general of the World Trade Organisation, weeks after her appointment was endorsed by the United States and approved by the trade organization. Her appointment was ratified on February 15. “WTO members have just agreed to appoint Dr. Ngozi Okonjo-Iweala as the next director-general,” …

Simba Group, distributors of Luminous power back-up solutions including inverters, batteries and solar-powered systems, has unveiled the new innovative NRGT Tubular batteries for inverters. The company has also set a new benchmark in the inverter battery industry in Nigeria with a 24-month warranty offer. Speaking during the unveiling of the …

Targets 25% yearly growth rate With the negative COVID-19 pandemic on revenue inflow, Ogun State Government has said that it would automate its revenue generation process as well as leverage citizen enumeration for tax purposes to finance its N399 billion budget. The state’s executive council said it hopes to complete …

The African electronic payments market is expected to grow at 18 to 20 per cent per annum until 2025, reaching $27 billion, up from $8 billion in 2018. Growth is expected to be driven by GDP growth, an ongoing shift to non-cash transactions accelerated by the COVID-19 crises. These were …

… Blames Nigeria’s GDP contraction on oil shock • As NSE unveils plans to list shares of NGX Group   For Nigeria to attract the Foreign Direct Investment (FDI) needed to reduce public debt and shore up its debt to revenue ratio in a sustainable manner, the need to adopt a …

Importers and exporters have continued to count losses to the inefficiencies at Nigerian seaports, as the Shippers’ Association Lagos State (SALS), estimated that operators lost an average of N2.8 trillion to irregular import procedures last year. This is further compounded by inadequate infrastructure deficiency at the ports, and poor government …

The Federal Government’s plan to push airports’ ownership and operations to private investors that are equipped with both the know-how and financial muscle is straightforward. But details get complicated and hobbled in backwater in the absence of an agreeable legal framework and yet unresolved credibility hangover. WOLE OYEBADE writes. When …

The people of Eastern Obolo Local Government Area in Akwa Ibom State have appealed to ExxonMobil Nigeria to increase its annual development grant to the area from “the paltry sum of N250 million to N1.6 billion” as obtained in other of its host communities. Chairman, Eastern Obolo Traditional Rulers Council, …

As the sustainability leader in Africa, Access Bank PLC was invited to participate in the Sustainability Certification under the Sustainability Standards and Certification Initiative (SSCI) The certification audit process saw Access Bank emerging with the highest level of sustainability certification under the SSCI program. Access Bank was presented with its …