The Nigerian National Petroleum Company Limited’s (NNPCL) debts to Premium Motor Spirit suppliers have doubled in the last four months, reaching $6 billion, according to an online news report. This debt surge comes as the federal government depends heavily on NNPCL’s oil exportation for revenue and funding of capital projects. However, crude oil theft has…
The Board of Directors of Emerging Markets Telecommunication Services Limited, operators of 9mobile, has appointed Abolaji Idowu as its new Chief Financial Officer. Idowu succeeds Mrs. Nkem Oni-Egboma, who is stepping down to pursue new opportunities outside the company. In a statement released on Tuesday, 9mobile noted that Idowu’s appointment is part of a significant…
Delta Airlines has been named the Best Airline for the year 2024 and also received the Best Staff award, based on a passenger survey conducted by Skytrax, organizers of the World Airlines Award. The airline was recognized for its exceptional performance in both operational excellence and human capital at the 2024 World Airline Awards held…
The Air Peace Chief Operating Officer, Toyin Olajide, announced that all economy class seats on the airline’s Lagos to London flights are fully booked for the next 60 days, starting from July. Nigerian travelers, including travel agencies, have praised Air Peace for launching flights to European countries three months ago. In a recent interview in…
Keystone Bank Limited has been named ‘Retail Bank of the Year’ at the 2024 Africa Industrial and Development Conference and Awards. The prestigious award was presented during the Nigeria Middle East Investors Expo and Awards ceremony held at Transcorp Hilton, Abuja, over the weekend. The Africa Industrial and Development Conference and Awards is an annual…
The Minister of Agriculture and Food Security, Abubakar Kyari, announced a comprehensive strategy set to unfold over the next six months aimed at tackling Nigeria’s soaring food prices. Kyari outlined key initiatives including a 150-day duty-free import window for essential food commodities such as maize, husked brown rice, wheat, and cowpeas, intended to stabilize prices…
Access Holdings Plc, one of Africa’s leading financial services groups, has announced the commencement of its N351 billion Rights Issue. This initiative, part of the Group’s broader capital-raising programme aiming to generate up to $1.5 billion, is designed to bolster its financial foundation and support ongoing working capital needs, including funding for organic growth across…
Lagos, Nigeria – At the ‘Blackbelt Graduation Ceremony’ organized by 1 Million Teachers, an international teacher training organization, on Saturday, July 6, 2024, Adeniran emphasized the importance of quality delivery in education. The event, co-sponsored by Airtel Nigeria, took place at the Lagos Country Club, Ikeja. The panel, titled “Leveraging Expertise and Innovations for Advancing…
By Ayomide Otitoju Zenith Bank Plc has been named the Best Commercial Bank in Nigeria for the fourth consecutive year at the World Finance Banking Awards 2024. Additionally, the bank secured the Best Corporate Governance award for Nigeria for the third straight year in the World Finance Corporate Governance Awards 2024. Published in the Summer…
