By Eyo Nsima United Bank for Africa (UBA) Plc, Africa’s leading global bank has announced its audited financial results for the half-year ended on June 30, 2022. At the end of the first half of the year, UBA Plc was able to deliver a 12.6 per cent appreciation in profit before tax to N85.7bn, up […]
By Eyo Nsima The International strategic communications and ESG consultancy Hudson Sandler has appointed Onyebuchi Ajufo as Partner in charge of its West Africa business. The appointment reflects Hudson Sandler’s continued growth in Africa, driven by flagship offices in Kenya and Nigeria. Hudson Sandler Africa has grown rapidly over the last two years and is
The Nigerian economy has recorded impressive recovery from the recession induced by the COVID-19 pandemic in 2020. The economy has consistently recorded growth rates breaking many analysts’ predictions of expected lower growth rates. However, the economy has continued to struggle with many inhibiting burdens like inflation, weak revenue generation, degenerated infrastructure, forex challenges, unsustainable cost
LCCI STATEMENT ON NIGERIA’S ECONOMIC GROWTH PERFORMANCE Read More »
By Eyo Nsima Emirates Airlines has restored its operations back to Lagos, Nigeria with effect from September 11, 2022. The airline had suspended its operations over alleged inability to repatriate funds from Nigeria. But in an email to customers, the Emirates, stated: “We are pleased to inform you that effective from 11th September 2022, we
JUST IN: Emirates returns to Lagos, Nigeria Read More »
By Eyo NSIMA Emirates Airlines, the flag carrier of the United Arab Emirates (UAE), has announced the suspension of its flight operations to Nigeria, from September 1, 2022, because of its inability to repatriate $85 million revenue. In a statement obtained by The Daily, www.thedaily-ng.com, it stated: “Therefore, Emirates has taken the difficult decision to
JUST IN: Emirates Airlines suspends flight to Nigeria over $85m revenue Read More »
After over two decades, the Petroleum Industry Act (PIA) finally became law when President Muhammadu Buhari signed it in August 2021. Recall that the PIA is meant to promote transparency, good governance, and accountability in Nigeria’s petroleum resources administration and encourage local cum foreign investments. However, despite these expectations, the PIA has been met with
PIA: BudgIT examines progress, urges FG to ensure timely implementation Read More »
By Eyo Nsima The Standards Organisation of Nigeria, SON, has concluded plans to present the ISO 9001: 2015 Certification to Techno Oil Limited at its Head office in Lagos today. The planned presentation followed the company’s continued compliance with best practices and international standards.
JUST IN: SON presents ISO 9001: 2015 Certification to Techno Oil Limited Read More »
The West African Power Pool (WAPP), is planning to create a Liquidity Enhancement Revolving Fund, LERF, for the ECOWAS Regional Electricity Market. Chairman, Executive Board of WAPP, Engr. Dr. Sule Ahmed Abdulaziz, stated this at the weekend, during the 54th meeting of the Executive Board Meeting held in Cotonou, Benin Republic. Engr. Abdulaziz said, “The
WAPP to create liquidity enhancement fund as chairman lauds financial transparency Read More »
By Eyo Nsima The Premium Bread-Makers Association of Nigeria, (PBAN) has commended the Lagos State Employability Trust Fund (LSETF), the United Nations Development Program (UNDP) and Bakery Initiatives Group, Nigeria (BIG) for their efforts, in imparting requisite baking skills on unemployed youths, thereby contributing in bridging the skills gap in the baking industry. General Secretary,
Premium Bread-Makers Laud UNDP, LSETF, BIG for Skill Impartation Read More »
The United States International Development Finance Corporation (DFC), Chief Executive Officer, CEO, Scott Nathan, have signed a commitment letter for $280 million in financing for Access Bank Plc in Nigeria alongside Access Bank Managing Director Roosevelt Ogbonna. The loan will help address the financing gap for small- and medium-sized enterprises (SMEs) and advance financial inclusion
