The Nigeria National Petroleum Company Limited (NNPCL) says it has taken over the operation of Production Sharing Contract (PSC) assets from Addax Petroleum Development Nigeria Limited. The NNPCL Chief Corporate Communications Officer, Garba Deen Muhammad, said in a statement on Tuesday that all closing obligations had been concluded and the assets transferred to the Concessionaire,…
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday told holders of the old N200, N500 and N1000 banknotes that in line with the provision of Section 20(3) of the CBN Act, they would still have the opportunity to redeem the face value of their cash only at central bank offices…
Wakanow, Africa’s foremost travel tech company, has today announced an exclusive distribution partnership with ValueJet, a Fly for Value Aviation Company and Nigeria’s newest domestic airline, to host ValueJet’s inventory on their website and increase local flight inventory available to local travelers. This partnership is aligned with Wakanow’s aim of delivering access to all local…
The year 2022 was indeed a remarkable one for the leading innovative and sustainable building solutions company, Lafarge Africa Plc, as it bagged four different awards for its contributions and achievements in sustainability and environmental performance as well as its commitment towards gender inclusion and diversity in the workplace. The building solutions company received the Award for Sustainability Reporting at the 2022…
Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport Terminal Two (MMA2) in conjuction with Dana Airlines and Aero Contractors have concluded arrangements to reward loyal travellers at the terminal. According to BASL Head of Corporate Communications, Mr. Oluwatosin Onalaja, the idea was conceived to show appreciation and reward travellers that consistently patronise…
•Fiscal document speaks to residents’ aspirations, promises prudent implementation By Ayomide Otitoju Lagos State Governor Babajide Sanwo-Olu, on Friday, signed the State’s N1.768 trillion “Budget of Continuity” into law to consolidate development strides of his administration and satisfy the yearnings of the residents. The Governor said the fiscal document not only “aggressively” focus on completing ongoing…
Nigeria’s central bank has launched a domestic card scheme to rival foreign cards like Mastercard and Visa, hoping to enhance its drive to make Africa’s biggest economy a cashless society and save the country foreign transaction fees. The announcement on Thursday by the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, follows its launch of…
Some Point of Sale (PoS) operators in satellite towns of the Federal Capital Territory (FCT) are making brisk business with the new naira notes.The News Agency of Nigeria (NAN) reports that the Central Bank of Nigeria (CBN0 has fixed Jan. 31 as the deadline for the use of the old naira notes. Some of the…
•Sanwo-Olu launches rail project’s second phase, says 37-km Red Line ready in May •Lagos museum is centre of Yoruba renaissance, Governor By Ayomide Otitoju Lagos now officially has a State-operated rail system, with the commissioning of Blue Line Mass Transit by President Muhammadu Buhari on Tuesday. This historic moment climaxed the President’s two-day working visit…
