Category: Business

 …Secures $5billion trade commitment Ahead of the World Economic Forum holding from Jan 22 to Jan 25, 2019 in Davos, Switzerland, the All Progressives Congress Governorship Candidate, Babajide Sanwo-Olu, has highlighted the enormous investment opportunities in Lagos State at an exclusive session with selected Swiss Investors in Geneva, yesterday. At the event held at the Mandarin Oriental Hotel, the business interaction triggered commitments of $5bn investment in infrastructure and capital projects in the state and also provided an avenue for Mr. Sanwo-Olu to further reinforce the investment opportunities in the…

… Bags Federal Agency of the Year Award … Dedicates honour to stakeholders The Nigerian Maritime Administration and Safety Agency (NIMASA) says it would intensify its efforts to reposition the maritime industry in Nigeria, as the agency moves to become a leading maritime administration in Africa. The Director-General of NIMASA, Dr. Dakuku Peterside, stated this last week in Lagos during the Independent Newspapers Awards 2018, where the agency bagged the Federal Agency of the Year Award.    Dakuku said, “We are spurred by this award and we appreciate the fact that our…

….. .Ozigbo Becomes President Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owners of the award-winning Transcorp Hilton Abuja and the iconic Transcorp Hotels Calabar hosted a farewell and a welcome dinner in honour of its immediate past Managing Director/CEO, Valentine Ozigbo who has been elevated to the role of the President/CEO of Transcorp Plc and Owen Omogiafo the current MD/CEO of Transcorp Hotels Plc.  The Black-tie event held at the Congress Hall of the prestigious Transcorp Hilton Abuja was indeed a night of…

The Central Bank of Nigeria (CBN) has reiterated its readiness to facilitate access to foreign exchange by Nigerian companies that wanted to import equipments to ease business growth in the country. The CBN Governor, Mr Godwin Emefiele, said this on Sunday during an inspection of Dangote Refinery in Lagos. The refinery when it starts full operation  would be  to refining  650,000 barrels of crude oil per day (bpd) . The tour of the facility  was held at its location within the Lekki Free Trade Zone in Lagos. Emefiele said that…

In fulfilment of its commitment to be the best place to work and its policy of rewarding deserving staff members,  NOVA Merchant Bank has promoted about a third of its staff who have demonstrated exceptional performance in their responsibilities.  These promotions come amidst the growth in the Bank’s business as it continues to scale up its operations. In 2018, despite the tough economic and operating climate,  NOVA in its first full financial  year of operations, was able to deploy a state of the art and fully digital core banking application…

… NIMASA Maritime Industry Awards Will Refocus Nigeria – Dakuku The Chairman and Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, and the Group Executive Vice Chairman of SIFAX Group, Dr. Taiwo Afolabi, on Friday joined other stakeholders in the Nigerian maritime sector to hail fresh initiatives by the Nigerian Maritime Administration and Safety Agency (NIMASA) towards realisation of a robust maritime industry. Speaking ahead of the Agency’s maritime awards, scheduled for Saturday in Lagos, Dangote expressed delight in the achievements the maritime sector had attained in recent times…

The Group Managing Director of United Bank For Africa, Kennedy Uzoka in his New year message to customers of the banking network used the opportunity offered by the yuletide season to woo customers for the global bank. In a statement released by the Bank in the New Year, the GMD said: “Dear Esteemed Customers It is another year and a new year always brings new opportunities for us to show how much we appreciate you for being a part of the UBA family. On behalf of the Executive Management and…

. In business the role luck plays in success and personal achievement is rarely discussed. If luck is mentioned, it is done with slight condescension, and usually dismissed as a product of hard work, not deserving significant attention. While hard work is paramount – and I have written extensively about the importance of working hard – history and my own experiences show that there is often a large element of success that hard work alone cannot explain. It is simply not true that “you make your own luck.” I started my career…

Application exclusively available on TEFConnect.com – the largest digital networking platform for African entrepreneurs Invitation to join existing 4,470 programme Fellows 4th Cycle drew over 150,000 applications from across the African continent The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme. The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. The Programme’s objective is to generate at least 1,000,000 new jobs and create at least…

…targets 300 million cubic feet gas for domestic market The Shell Petroleum Development Company of Nigeria Limited (SPDC) has announced the Final Investment Decision (FID) on the Assa North Gas Development Project in Imo State, a major momentum to the domestic gas aspiration of the Federal Government for increased power generation and industrialisation. At peak production, the project is expected to produce 300 million standard cubic feet of gas per day and will be treated at SPDC JV’s Gas Processing Facility and distributed through the Obiafu-Obrikom-Oben pipeline network. The Managing Director…