Category: Business

Saipem-12000-drillship

Saipem Takes over $5.42bn Contract for Zabazaba-Etan Devt Project in OPL 245

Italian engineering, construction and drilling contractor, Saipem has won $5.42 billion contract for chartering, operations and maintenance for a Floating Production...

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WorldRemit: First-ever Arsenal’s Official Online Money Transfer Partner

WorldRemit has become the first official online money transfer partner of the premier league club, Arsenal. The leading digital money transfer business, formed by a...

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German Bank Backs Renewable Energy Projects in Africa

KfW, the German Development Bank, and the African Trade Insurance Agency (ATI) on Thursday announced, on the side lines of the annual Africa Investment Exchange: Power...

Ecobank edward

Ecobank Group Research Reveals 3 Key Emerging Trends for Africa

The 2017 version of Ecobank Research’s Fixed Income, Currency and Commodities (FICC) Guidebook, which provides expert knowledge and analysis on African markets for...

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Stanbic IBTC Pension Managers Pays over N279b to Retirees

Affirming its status as one of Nigeria’s largest pension fund administrators (PFA), Stanbic IBTC Pension Managers Limited has paid over N279 billion to...

Moody

Moody’s Assigns First-time Issuer Rating of A1/P-1 to IITFC

PRESS RELEASE• Moody’s Investors Service on Thursday said it has assigned a first-time long-term issuer rating of A1 and short-term issuer rating of P-1 to the...

Governor Dickson

Agge Deep Seaport: Maritime Activities Kick off in 2020, Says Dickson 

Inaugurates project implementation committee• BY CHIDUBEM UKAMAKA in Port Harcourt• Bayelsa State Governor, Henry Seriake Dickson, in Yenagoa on Wednesday assured...

Vice President, Prof Yemi Osinbajo SAN with Executive Chairman, Channels Television, Mr. John Momoh

Why Nigeria Moved up in World Bank’s Ease of Doping Business Index, Says Osinbajo

BY CHUKS NNOCHIRI in Abuja•  Nigeria’s Vice President, Prof. Yemi Osinbajo has stated that Nigeria scaled up 24 places in the recent World Bank Ease of Doing...

ICD

ICD Sign Islamic Facility Agreement with Mizuho Bank

The Islamic Corporation for the Development of the Private Sector (ICD) announces the signing of Islamic facility agreement with Mizuho Bank (M) Berhad The Islamic...

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Kagame, Elumelu to Headline Young Entrepreneurship Day at Africa 2017 Forum

President Paul Kagame of Rwanda and chairman of Smart Africa, and Tony Elumelu, founder of the $100m Entrepreneurship Programme, will be headlining the Young...

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AITEO Not Selling Stake in OML 29, Says Management

Aiteo Group has said it did not announce the commencement of any plans to sell off any of its stake in OML 29. The management on Wednesday said “It has come to our...

PIX-1

World Bank Doing Business Report on Nigeria Fantastic, Says Osinbajo

Despite Nigeria’s latest impressive ranking in the World Bank’s latest ‘Doing Business’ report, the Buhari administration will continue to...

PRESIDENT BUHARI RECEIVES FMR GHANA PRESIDENT MAHAMA 1A. R-L;  President Muhammadu Buhari chats with The Former President of Ghana, Mr John Dramani Mahama during a private dinner at the Residence State House in Abuja. PHOTO; SUNDAY AGHAEZE/STATE HOUSE. NOV 2 2017

Nigeria, ECOWAS, Major World Economies Adopt Abuja Statement

Nigeria, the Economic Community of West African States (ECOWAS), World Trade Organisation (WTO), Friends of Investment Facilitation for Development (FIFD) and...

Development_Bank

Africa: Boosting Infrastructure Only Way to Address Governance Gaps

Infrastructure is hard to get right—across the world. Up until now, policy makers focused on improving access to finance. Marking a significant shift, this week...

microsoft

Angola Cables, Microsoft to Drive Digital Transformation in Africa

Angola Cables has disclosed that it has become a Microsoft ExpressRoute partner to meet the needs of Africa-based organisations migrating business applications and IT...

Akinwumi-Adesina

AfDB Denies Calling off Loans to Nigeria

PRESS RELEASE• The African Development Bank has “categorically” refuted the statement that it has “called off loans to Nigeria”, as reported in Reuters...

Bing

Former MTN Nigeria CFO joins Terragon Group

The Board of Directors of Terragon Group has announced the appointment of Andrew Bing, former Chief Financial Officer of MTN Nigeria, as an independent non-executive...

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Dickson Announces 2-year Waiver as Brass Fertiliser Company Gets CofO

Governor Henry Seriake Dickson of Bayelsa State on Wednesday in Yenagoa presented the Certificate of Occupancy (C of O) to the management team of the proposed Brass...

PRESIDENT BUHARI RECEIVES BSG 1A&B. President Muhammadu Buhari meeting members of the National Committee Buhari Support Group at the State House in Abuja. PHOTO; SUNDAY AGHAEZE/STATE HOUSE. OCT 27 2017

Buhari Commends Nigeria’s Progress in World Bank’s Doing Business Ranking

President Muhammadu Buhari has welcomed most heartily the phenomenal improvement of Nigeria on the World Bank’s Doing Business latest rankings released Tuesday....

PRESIDENT BUHARI RECEIVES IMF MD LAGARDE 0A-C President Muhammadu Buhari confers with The Managing Director of the International Monetary Fund (IMF), Mrs Christine Lagarde during an audience with IMF Team at the State in Abuja. PHOTO;SUNDAY AGHAEZE. JAN 5 2016.

Servicing of Debts Now Burden to Nigeria, Gabon, Says IMF

BY CHUKS NNOCHIRI in Abuja• Debt servicing costs are becoming an encumbrance, especially in oil-producing countries such as Nigeria, Angola and Gabon in Africa. The...