Sunday, June 26, 2022

BUSINESS

FirstBank MD/CEO Adesola Adeduntan: Sustaining his winning streak, pioneers leadership excellence in banking

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Since his appointment as MD/CEO of First Bank of Nigeria Limited in 2016, Dr. Adesola Adeduntan has completely transformed the financial institution and has made it attractive to every strata of the society. From an institution that used to...

NCC boss Umar Danbatta says collaboration is success path to 5G deployment in Nigeria

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By Ola Modupe (LAGOS) - Industry collaboration is very essential to successful deployment of 5G Services in Nigeria, so says the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta. Prof. Danbatta, who spoke at the...

Nigerian start-up wins $10,000 at Commonwealth Youth Forum in Kigali

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Salubata Technologies, a Nigerian start-up has emerged as one of the top four winners of Kigali Startup Festival 2022 at the Commonwealth Youth Forum (CYF) in Kigali, Rwanda. Yewande Adebowale, the Chief Operating Officer (COO) of Salubata, which transforms plastic...

Tariff hike: Tribunal grants lawyer permission to file fresh N10m suit against MultiChoice

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A Competition and Consumer Protection Commission (CCPC) Tribunal sitting in Abuja, on Monday, okayed a N10 million fresh suit filed by a lawyer, Festus Onifade, against MultiChoice Nigeria Limited, the operators of DStv and Gotv. Onifade, in the amended originating...

$13bn Trans Sahara Gas Project, huge market opportunities for Nigeria, others – FG

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The Federal Government says the 13 billion dollars Trans Sahara Gas Pipelines (TSGP) project will present a huge opportunity for Nigeria, Niger and Algeria to tap into the European markets. The project, which would run from Nigeria through Niger Republic...

Nigeria ‘holding back’ $450m belonging to foreign airlines – IATA

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The International Air Transport Association (IATA) says Nigeria is holding back about $450 million in revenue earned by foreign airlines operating in the country. Vice President for Africa and the Middle East, IATA, Kamil Al Awadhi, made the remark on...

Bitcoin plunges below $20,000

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Bitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level since December 13, 2020. With investors increasingly wary of risk, the world’s most popular crypto asset has lost more than...

FirstBank secures $150 million Afreximbank Pandemic Trade Impact Mitigation Facility (PATIMFA) to support businesses...

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African Export Import Bank (Afreximbank) has announced the disbursement of a US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider. The funding was provided under Afreximbank’s Pandemic Trade Impact Mitigation Facility...

Only Africans can best solve Africa’s problems — Afreximbank President

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Prof. Benedict Oramah, President and Chairman of the Board of Directors, African Export-Import Bank (Afreximbank) says “Africa’s problems are for Africans to solve.” A statement signed by Amadou Sall, Afreximbank’s media contact on Thursday, said Oramah spoke at the start...

Nigeria’s cocoa production to hit 500,000 tonnes by 2024

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The Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, has reiterated the commitment of the Federal Government to increase Nigeria’s cocoa production from the present 340,000 tonnes to 500,000 tonnes by 2024. A statement by Mr Mohammed Gana, Information...

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Gambia records first two cases of UK COVID-19 variant

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Gambia has recorded its first two cases of the highly infectious coronavirus variant first found in Britain, its health authorities said on Thursday, in...

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