BREAKING NEWS: Nigeria’s Finance Minister, Kemi Adeosun resigns

Posted by - September 14, 2018

Nigeria’s Finance Minister, Kemi Adeosun, has allegedly resigned. However, it is not clear when she submitted her resignation letter, but according to a reliable source, the resignation followed the allegation of not serving the compulsory National Youth Service Corps, NYSC, and obtaining a certificate that the NYSC have disowned. The minister felt that her position

Ecobank Nigeria’s new Managing Director reconfirms Customer-Centricity in Ecobank’s Flagship Affiliate – Nigeria

Posted by - September 6, 2018

Patrick Akin Akinwuntan, Managing Director and Regional Executive of Ecobank Nigeria, starts his new role today. The vastly experienced banking professional is passionate about bringing customer-friendly banking services to every household in Nigeria. This means that Nigerians can expect a more customer-friendly Ecobank as well as continued market-leading banking innovation that will make their banking

VW signs MoU to make Nigeria automotive hub in West Africa

Posted by - September 4, 2018

German Automobile manufacturer, Volkswagen, has signed a memorandum of understanding (MoU) with Nigeria to turn the country into the “automotive hub” of West Africa. The agreement was signed during German Chancellor Angela Merkel’s visit to Nigeria, with Okey Enelamah, minister of industry, trade and investment, present at the signing ceremony in Abuja. The car manufacturer

Nigeria’s Debts Hit $22b

Posted by - August 30, 2018

Nigeria’s external debt stock has hit $22billion, the Debt Management Office (DMO) announced yesterday. According to DMO, Out of the amount, the Federal Government’s quotient is $17.8 billion, while the combined debt portfolio by the states and the Federal Capital Territory (FCT) stands at $4.28 billion. Of the combined states’ figure, Lagos State, the commercial

LCCI to Host Workshop

Posted by - August 13, 2018

The Lagos Chamber of Commerce and Industry (LCCI), will hold a national workshop focusing on the transportation industry with the theme ‘Capacity Building in the Transport Industry Vis-à-Vis the Railway, Maritime and Aviation Sub-sectors.’ The theme of the workshop will be addressed by leading Stakeholders in the industry like Director General, Nigerian Maritime Administration and

Company Launches its all New Alfa P400 Three-Wheeler in Nigeria

Posted by - July 28, 2018

For years, Mahindra has been partnering in the growth story of Africa, offering its range of products across Automotive and Farm Equipment sectors. Mahindra & Mahindra Ltd (M&M Ltd), a part of the US $20.7 billion Mahindra Group, along with it’s Channel Partner – VIP Merchandise Enterprise Ltd., a GeePee Group company – launched its

FG Unveils New National Carrier

Posted by - July 18, 2018

Hadi Sirika, Minister of State for Aviation, has unveiled the name and logo of the new national carrier, Nigeria Air. Speaking on Wednesday in London at the ongoing Farnborough International Airshow, Sirika said the government will not own more than five per cent of the airline. “This is an important day for Nigeria. The largest

Heritage Bank Partners NANTA To Launch Nigeria Travel Practitioner Identification Card

Posted by - June 28, 2018

Heritage Bank Plc, Nigeria’s most innovative banking services provider, has partnered with the National Association of Nigeria Travel Agencies (NANTA) to launch the Nigeria Travel Practitioners Identification Card (NTPIC). Head of corporate communications of Heritage Bank, Mr. Fela Ibidapo said the bank partnered with the travel agencies in a bid to help to sensitize and

Nigeria’s Unbanked Population Stands At 37% – CBN

Posted by - June 22, 2018

Barely two years to the 2020 target to reduce unbanked Nigerians to 20 per cent, the Central Bank of Nigeria (CBN) says the country’s unbanked population currently stands at 37 per cent. Mr Dipo Fatokun, Director, Banking & Payment Systems, CBN, stated this at the third Annual Banking Security Summit organised by MAXUT Consulting in