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Sunday 07th June 2020,
Hope for Nigeria

UBA declares N138bn half-year income

United Bank for Africa Plc has got released its unaudited financial outcomes for the first 6 months of the year, announcing an increase in revenue for that period. The results, which were released to the Nigeria Stock Exchange on Friday, [...]

July 28, 2014 Business, Economy

Nigeria’s Consumer Goods Sales May Hit $1tn by 2030

Income of consumer goods throughout Nigeria may over triple to just about $1 trillion by the year 2030, a report said. The report noted that Nigeria is developing a large consuming class, adding that by 2030, about 160 million Nigerians [...]

July 28, 2014 Business, Economy

Lagos Assures Take-off Loan for Young Entrepreneurs

The Lagos State Government has stated it would give takeoff loans to all graduating students of the technical colleges throughout the state to allow them create their business empires. The state government also explained the rationale behind the establishment of [...]

July 28, 2014 Economy

Bankers Advised to Concentrate on Capacity Development

Banks and different financial institutions throughout Nigeria are suggested to pay for greater focus on capacity development within their organisations. This call was made by the Director, Centre for Research in Leadership and Ethics at the Pan-Atlantic University, Dr Franca [...]

July 28, 2014 Business, Economy

FCTA Gets N1.8tn Private Capital Investment

Senator Bala Mohammed, Minister of the Federal Capital Territory (FCT), has said that the Federal Capital Territory Administration (FCTA) has enticed N1.8 trillion ($11 billion) worth of private capital investments to the FCT as April 2010 as he assumed office. [...]

July 28, 2014 Economy

Access Bank Give Rewards To Mobile Banking Customers

The “Download and Win promo” of Access Bank Plc has been successful and rewarded its mobile banking customers. The bank said the move was to encourage customers in the use of electronic payment channels. The winners were rewarded for downloading [...]

July 28, 2014 Business, Economy

I will stop child abuse and trafficking says Nnadi, Miss Nigeria 2014

Iheoma Nnadi defeated Twenty nine other beautiful women that represented different states throughout Nigeria, at the grand finale of the Twenty seventh edition contest of the Most Beautiful Girl in Nigeria (MBGN). The event, which took place on Friday, July [...]

July 26, 2014 General

Bad hygiene prevents underwear bomber from blowing up airbus after putting on dirty explosives for 2 weeks

Moist circumstances in the radicalised Muslim’s underwear meant 289 lives had been saved when the underwear explosive device just partly detonated. An underwear bomber’s attack on a passenger jet backfired – because he had been wearing the same explosive pants for [...]

July 26, 2014 Environmental issues, General

FG Requests 40 Attack Helicopters from US, Russia to deal with Terrorism

In its dedication to eradicate terrorism as well as smoke out members of Boko Haram from their hide outs in North East and North West, the Federal Government has got ordered 40 attack as well as transport helicopters from the [...]

July 26, 2014 Business, Economy

Chevron, Evidence of Safety Investment In Delta, Tells Uduaghan

The profitable relationship between Delta State Government as well as American oil giant, Chevron, carries elegant testimony to the truth Delta State was peaceful as well as stayed the destination of investors throughout Nigeria. Governor Emmanuel Uduaghan of Delta State [...]

July 26, 2014 Economy, Oil & Gas

PwC celebrates Africa’s oil and gas industry growth but warns of risk

The report says “With exciting new discoveries being made in many parts of the African continent, the region continues to be a beacon for investors from all over the globe looking to participate in the next frontier of oil and [...]

July 26, 2014 Economy, Oil & Gas

Ebola virus reaches to Nigeria as death toll in West Africa hits 660

Nigeria became the 4th West African country to be afflicted with the Ebola virus, stating a Liberian national in quarantine in the Lagos hospital died of the disease. The virus plaguing West Africa, which has killed at least 660 since [...]

July 26, 2014 Health issues

AGIP Indicted for Throwing Toxic Waste in Delta Community

The Department of Petroleum Resources (DPR) as well as the National Oil Spill Detection and Response Agency (NOSDRA) have accused oil company, AGIP, for throwing 469 metric tonnes of poisonous waste throughout Ndokwa East LGA of Delta State, in May [...]

July 26, 2014 Business, Economy

Africa GM Crops Held Back by Scaremongering

The new report claims that genetically-modified crops — also referred to as GM crops — would significantly boost farming in Africa. The report, released by the policy group Chatham House, claims the technology has been held back by scaremongering from [...]

July 26, 2014 Agriculture, Economy

Nigeria might have no cases of polio next year, states Bill Gates

Nigeria could possibly reduce the total number of polio cases to zero in the coming year and become declared clear of the disease within 2018 although a nationwide eradication campaign has already established to deal with an insurgency within the [...]

July 26, 2014 Economy, Health issues

Wema Bank half year income triples on improved productivity

Wema Bank Nigeria plc’s half-year profit tripled more on improved productivity inspite of the regulatory headwinds stocked by the Central Bank of Nigeria’s (CBN) rise in cash reserve requirements, evaluation of the financial statement unveils. This is the most impressive [...]

July 26, 2014 Business, Economy

The FirstBank-Paypal team up for internet shopping

Chioma wants a fast methods to get many customers pay for her online tailoring services. She had tried out many methods till a friend informed her about FirstBank’s e-commerce offerings. With its FirstBank’s partnership with Paypal, the bank offers its [...]

July 26, 2014 Business, Economy

Commerce Buys Local Rice to Support 25 % Procurement Act – Liberia

Ministry of Commerce and Industry (MoCI) has got purchased 100bags (5 MT) of rice harvested in Liberia from local rice processor, Fabrar Liberia, within the MoCI’s effort to assist the Government of Liberia (GoL) in requiring GoLentities to put aside [...]

July 25, 2014 Africa, Agriculture, Business, Economy

Kano Blast, 1 Woman Died

A woman was confirmed dead as well as 8 people suffered multiple degrees of injury in a bomb blast within the New Road Motor Park, Kano. The bomb was said to have been concealed in a refrigerator that was among [...]

July 25, 2014 Environmental issues, General

Keystone Bank Sells African Subsidiaries

Keystone Bank Limited disclosed yesterday the plan to sell the subsidiaries in 3 African countries because of capitalisation problems facing the institutions. The countries are Uganda, Sierra Leone and Liberia. The Managing Director/Chief Executive Officer, Keystone Bank, Mr. Philip Ikeazor [...]

July 25, 2014 Business, Economy

Train Passengers Increase to 2.5 Million in 6 Months

No less than 2.5 million individuals travelled by train within the first half this year, said by the Nigerian Railway Corporation (NRC). This is a remarkable departure from the past as fewer passengers travelled by rail within the period under [...]

July 25, 2014 Economy, Technology, Transportation

NSIA Closed Deals with Bulk Trader to Manage $350m

The Nigerian Bulk Electricity Trading Plc (NBET) along with the Nigeria Sovereign Investment Authority (NSIA) have closed a deal to manage the $350 million allotted to the former from the $1 billion Eurobond released in July 2013 by the federal [...]

July 25, 2014 Economy

Nigeria is among World’s Top 20 Economies by 2030

Nigeria can be among the world’s top 20 economies by 2030 having a consumer base beyond the present population of France as well as Germany, reported by McKinsey & Co, a global management consulting firm. Nigeria, Africa’s biggest economy, may [...]

July 25, 2014 Economy

Jonathan Seeks Stronger Partnership among OPEC Countries

President Goodluck Jonathan canvassed yesterday for much deeper, stronger and even more supportive partnership between Nigeria as well as other Organisation of Petroleum Exporting Countries (OPEC) members. The president spoke when he had separate audiences with the new Ambassadors of [...]

July 25, 2014 Business, Economy

CBN Signs MoU on MSMEs Fund

The Central Bank of Nigeria (CBN) signed yesterday a Memorandum of Understanding (MoU) along with the Executive Governors of Delta, Osun, Oyo, Akwa-Ibom and Borno States for the operation and also administration of the N220 billion Micro, Medium and Small [...]

July 25, 2014 Business, Economy
An Ebola doctor in Sierra Leone infected by Virus

An Ebola doctor in Sierra Leone infected by Virus

A doctor responsible for the ebola treatment centre within Sierra Leone was diagnosed with the ebola disease, the Health Ministry proven Wednesday. The ministry also confirmed the death of three veteran nurses of the centre in eastern city of Kenema [...]

July 24, 2014 Health issues

Strong demand from African boosts SABMiller

SABMiller, the global beer company on Thursday stated their overall beverage volumes increased by 3% throughout the 1st quarter, primarily because of strong demand from the African as well as European operations. Soft drinks and beer volumes from its South [...]

July 24, 2014 Business, Economy

BlackBerry Bounce again Introducing Z3 in Nigeria

BlackBerry, manufacturer of Blackberry smartphones has developed new methods that will bounce back to profits throughout the smartphone industry. The company plans to get its unique smartphones back to profitability in 2016, beginning with the launch of Blackberry Z3, which [...]

July 24, 2014 Economy, Telecomms

Entrepreneurs to Benefit from Lagos Micro Credit Fund

Paul Orajiaka, Chief Executive Officer (CEO) of Auldon Limited, has called businessmen and artists particularly those trained by the Lagos State government to benefit from the state’s micro credit fund to build their business and make employment for other people. [...]

July 24, 2014 Economy

Unity Bank Recruits 300, Disengages over 170 Personnel

Unity Bank Plc has got announced the disengagement of more than 170 personnel. The bank likewise revealed that it lately hired around 300 new staff, mainly at entry levels. The exercise is in a bid to right size its workforce [...]

July 24, 2014 Economy