The Federal Government is targeting $2billion cash from the concession of the Badagry Deep Seaport and the Floating Dry Dock for NIMASA. The Infrastructure Concession Regulatory Commission (ICRC) has issued two Full Business Case Certificates of Compliance for the two new infrastructure projects. The FBCs were presented to the Minister of Transportation, Rotimi Amaechi. Acting Director-General of the ICRC, Mr ...

Airtel Nigeria has been granted a full super-agent licence by the Central Bank of Nigeria (CBN). This is coming six months after the telecoms firm announced that it had secured the licence-in-principle. In a statement entitled: “Nigeria Super-Agent Full Licence Approval” signed by Simon O’Hara, the Company Secretary means Airtel has a full super-agent licence to operate as an agency ...

A business group known as Univasa has launched Verify and Pay, an innovative digital payment system to reshape the Lagos yellow taxi transport system in Nigeria and ease the payment system. The platform was launched recently at the Lagos State Taxi Driver and Cab Operators Association, (LSTDCOA) Oshodi, Lagos. The event was graced by the President of LSTDCOA, Mr. Otunba ...

The Nigerian Breweries Plc recorded some milestones despite the harsh economic environment. The company grew profit by over 72 per cent to N12.7 billion and hopes to pay shareholders a total dividend of N12.92 billion for the financial year ended December 31, 2021. This represents N1.60 per ordinary share of 50 kobo each. The total dividend consisted of an interim ...

TotalEnergies has harped on the need to encourage women entrepreneurship for the development of the nation’s economy. The company which stressed this during the winners of its third edition of the Startupper Year Challenge ceremony in Lagos realised the fact that women were missing in a lot of spaces. It was learnt that the initiative was designed to support young ...

The Standards Organisation of Nigeria (SON) has validated the capacity of First City Monument Bank (FCMB) to provide best-in-class products and services that always meet consumer and regulatory requirements. SON, the only regulatory body vested with the responsibility of standardising and regulating the quality of all products in Nigeria, has audited and revalidated FCMB’s Quality Management System, ISO 9001: 2015, ...

The Christian Association of Nigeria (CAN) has condemned spitted fire over the reported provocative advertisement of Sterling Bank during Easter. The Christian body in a statement  described the comparison of the Resurrection of Jesus Christ to ‘Agege Bread’ as “ungodly, wicked and insensitive”. Reacting on behalf of CAN,the National Secretary, Joseph Daramola told Sterling Bank that the resurrection of Jesus ...

The Management of the Triangle Business Place, known as TBP has held its maiden management/shopowners interactive meeting. The meeting which was held at the plaza’s site located at 58 Lekki – Epe Expressway, Lekki Penninsula II, Lagos. was very interactive as it  provided an avenue where both parties rubbed minds together and cross-fertilized ideas on how to make the plaza ...

Simon Harry, Nigeria’s Statistician General of the Federation has kicked the bucket. Details were still sketchy as at press time. When contacted, NBS spokesperson Ichedi Joel confirmed the news on Wednesday. “Yes,” he answered when asked if Simon was really dead. “As at the time I left office last night, he was still alive, but let me get to the ...

Union Bank of Nig Plc has announced its full-year financial result as a group which revealed a profit of N16.92 billion in 2021. This reflects a 9.39% decrease year on year. The top commercial bank also reported earnings per share of N0.66, a 0.22% decline from the N0.85 reported a year earlier. The statement revealed that in FY 2021, interest ...