Category: Business

Employment trust fund: 15,000 new jobs created in two years- Oyebode

Executive Secretary of the Lagos State Employment Trust Fund (LSETF), Mr. Akintunde Oyebode, on Tuesday said that no fewer than 15,000 jobs have been created by the Fund...

Factory visit: NEPC emphasises government’s interest in local garment industry

  In its bid to keep promoting Nigeria’s non-oil export, the African Growth and Opportunities Act (AGOA) Trade Resource Center (ATRC) under the Nigerian Export...

African Development Bank launches first Africa-to-Africa investment report

Opportunities for investment in Africa outweigh the obstacles, according to a report by leading African companies covered in the African Development Bank’s...

FG releases N22.6 billion to Ex-workers of Nigeria Airways

After fifteen years, Federal government has released N22.6 billion to Ex-workers of Nigeria Airways liquidation. This amount is half of N45.3 billion for the entitlement...

Sterling Bank partners US-based firm, Freshworks to transform internal service desk

Freshworks Inc. (https://www.Freshworks.com/), a leading US-based provider of cloud-based business software, recently announced its partnership with Nigeria’s...

Oil

Madagascar announces opening of Madagascar bidding round at Africa Oil week

The Government of Madagascar announces the opening of the Madagascar bidding round at Africa Oil Week. The bidding round continues to highlight the importance of the Oil...

SML

OML 25: Shell begins fresh sale of $453m oil blocks’ sale

The firm chosen as preferred bidder for the Oil Mining Lease (OML) 25 in 2014 for $453 million, Crestar Energy, a James Bay Resources subsidiary, has now lost all rights...

CBN releases full list of States given bailouts plus amount awarded

CBN Releases Full List Of States Given Bailouts Plus Amount Awarded. 1)Abia ( N14.152 billion ) 2) Adamawa ( N2.378 billion) 3) Bauchi ( N8.60 billion) 4) Bayelsa...

CBN

CBN revokes SkyeBank license

The Central Bank of Nigeria (CBN) has withdrawn the operating license of Skye Bank. CBN Governor, Godwin Emefile who announced the decision on Friday evening in Lagos...

Oil

Two jailed in Nigeria’s $1.3bn historic oil scandal

An Italian judge has sentenced two defendants, Nigerian Emeka Obi and Italian Gianluca Di Nardo, in a Nigerian corruption case to jail in the first ruling on one of the...