Business Archives - Page 22 of 47

Fear Grips Customers as Wema Bank Announces N8bn Loss

NewsDeskNgJan 16, 2024January 16, 20240

Wema Bank has announced a significant financial loss to the tune of more than N8 billion which has raised concerns among customers of the deposit bank. According to the tier 2 lender, led by Moruf Oseni, it suffered the huge loss more than N8 billion to litigation and fraud in...

NCC rewards Nasarawa’s Right of Way Regulation 2023 with free wireless internet cloud

NewsDeskNgJan 16, 2024January 16, 20240

…as exco tackles security threat in Toto The Nigerian Communications Commission (NCC) has rewarded Nasarawa State with free wireless internet cloud to be installed in one of the state-owned tertiary institutions in recognition of the recent passage of the Right of Way Regulation 2023. Governor Abdullahi Sule disclosed this while...

Dangote Petroleum Refinery Starts Production

NewsDeskNgJan 13, 2024January 13, 20240

Dangote Petroleum Refinery has commenced production of diesel and aviation fuel. President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of this project. Dangote also thanked the Nigerian National Petroleum Company Limited (NNPC Limited), the Nigerian...

2024 budget: How we settled for N800 to dollar exchange rate – Minister

NewsDeskNgJan 12, 2024January 12, 20240

The Federal Government on Thursday said that it was conscious and strategic never to base the foreign exchange benchmark in the 2024 budget on a spot rate, to avoid eventualities and uncertainties. Minister of budget and national planning, Atiku Bagudu who disclosed this while speaking to State House correspondents explained...

Unilever Personal Care Brands Unveiled as Latest Official Sponsor of TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023

NewsDeskNgJan 11, 2024January 11, 20240

…Rexona, Axe and Dove join as official sponsors of the tournament; activate contest to reward 3,000 consumers Lagos, Nigeria; January 11, 2024: In a game-changing partnership, Unilever Personal Care brands Rexona, Axe and Dove have been announced as the official sponsors of the TotalEnergies CAF Africa Cup of Nations Côte...

Meet The Powerful Itel P55+- The Smart Phone Redefining Fast Charging

NewsDeskNgJan 8, 2024January 8, 20240

itel, the renowned mobile phone brand, has unveiled one of its latest marvels – the itel P55+. This sleek and mighty device is set to redefine the way we charge our smartphones with its groundbreaking 45W PowerCharge feature. Are you ready to experience a charging revolution like never before? Say...

We’ll Deploy Data To Address Deficiencies In Policymaking, Says President Tinubu

NewsDeskNgDec 15, 2023December 15, 20230

President Bola Ahmed Tinubu has hinted at plans by his administration to address what he termed historical inadequacies of policymaking hitherto thwarted by a lack of comprehensive data in Nigeria. He regretted the lack of comprehensive data, saying it had been “a technological affliction” that has hindered the growth trajectory...

itel Unveils New Logo, Restates Commitment To Reshaping Smart Life Service In Nigeria

NewsDeskNgDec 13, 2023December 13, 20230

Leading smart life brand, itel, is excited to unveil a new logo to herald a fresh era of innovation, customer centric philosophy and a remarkable shift in brand identity suited to the dynamic needs of end users. 16 years on from its former logo, itel’s new look and logo underscores...

Adesina: $34.82bn investment interest for sustainable corridors devt, shared prosperity across Africa

NewsDeskNgDec 5, 2023December 5, 20230

The attention of the Citizens Watch Advocacy Initiative (CWAI) has been drawn to the Africa’s premier flagship news making event and formidable platform as a result of the remarkable milestones generated to the tune of 34.82 billion investment during the recently held Africa Investment Forum (AIF) market place in Marrakesh,...

Otu inaugurates new aircraft, plans for additional 3

NewsDeskNgNov 28, 2023November 28, 20230

Governor Bassey Otu, 2nd left, and CEO, Aero Contractors, Captain Ado Sanusi, cutting the inauguration cake. Cross River Governor, Senator Bassey Out, has inaugurated a new aircraft for the state-owned Cally Air, with a promise to add three additional aircrafts as the airline resumed flight services at the Margaret Ekpo...