The Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), Dr. Mohammad Barkindo, on Tuesday maintained that the glonal oil cartel remained committed to its core values in spite of the challenges in the oil industry. The OPEC chief, who made this remark in his keynote address at the Mediterranean Gas (MedGas) event Dinner, […]
….says N3trn revenue may be lost to fuel subsidy regime The World Bank Group has projected that an additional one million Nigerians will be trapped in poverty by the end of this year, thereby bringing the total Nigerians pushed into poverty to about 96.1 million by the end of this year. The Washington-DC-based institution had […]
9mobile, one of Nigeria’s leading Mobile Network Operators (MNOs), has launched a fully embedded safety application ‘9mobile Safety App’ for smartphone users to improve security. The telecommunication company’s Head of Products and Digital Services, Mr. Aminu Sani, in a statement issued on Tuesday, confirmed that the 9mobile Safety App was launched due to the company’s […]
The United Bank for Africa Plc, one of Africa’s leading banks, has redeemed its $500 million 5-year Eurobond notes, with a maturity date of June 8, 2022. The five-year bond which was issued in 2017, was offered at a coupon rate of 7.75%. As part of UBA’s liability management strategies, in November 2021, the Group […]
The African Development Bank (AfDB) has signed an agreement to invest in the Joint Reinsurance Company of member-states of Conférence Interafricaine des Marchés d’Assurances (CICA-Re). Under the agreement, the development finance institution will take a 6.56-billion FCFA stake (approximately €10 million) in CICA-Re and join its board of directors. In formalizing the deal, chief executive […]
TAJBank Limited, Nigeria’s leading non-interest bank, has signed a Memorandum of Understanding (MoU) with the Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, aimed at attracting funding for major infrastructure projects in Nigeria. The MOU signing between TAJBank and the ICD is to express […]
The Nigeria Deposit Insurance Corporation (NDIC) has restated its commitment to its mandate by ensuring that depositors’ funds are secured and by so doing, support the monetary authorities’ efforts to ensure the nation’s financial system stability. The NDIC’s Managing Director, Mr Bello Hassan, made this promise at a retreat with the theme ‘Deposit Insurance In […]
Worldstage Limited, one of Nigeria’s research and technology-driven Africa-focused companies with expertise in multidimensional communication services, has stated that discussions at its WorldStage Economic Summit 2022 will focus on the nation’s infrastructure deficit and how to reduce it to barest minimum in the years ahead. According to a statement by the company, the objective of […]
Oliver, the world’s only company to exclusively design, build and run in-house agencies for brands, has won three Campaign Global Agency of the Year awards. The Campaign magazine has recognized Oliver and its parent company, the Inside Ideas Group (IIG), as Global In-House Agency of the Year alongside Unilever’s in-house agency U-Studio (Gold); Global Customer Engagement Agency […]
The Nigerian Communications Commission (NCC) has called on local communities to provide adequate security for telecommunications infrastructures to promote and enhance efficient service delivery in the industry. The Commission indicated that by doing so communities would be complementing its efforts aimed at ensuring improved telecoms service delivery in their communities. The commission’s Executive Vice Chairman […]