The opening month of 2022 revealed a solid expansion in Nigeria’s private sector. Output continued to rise at a robust pace thanks to larger workforces as well as supportive domestic and international demand conditions. However, cash shortages weighed on new orders, which rose at the softest rate for a year-and-a-half. Nevertheless, firms remained committed to raising output and stockpiled inputs ... Read More »

..Pledges Support for Frontier Exploration The Senate Committee on Petroleum Resources (Upstream) has commended the Nigerian National Petroleum Company Limited (NNPC Ltd) for repositioning the Nigerian oil and gas industry into a competitive business environment. The Chairman of the Committee, Senator Bassey Albert Akpan, gave the commendation when he led members of the Committee on an oversight visit to the ... Read More »

The Deputy Chief Executive of Geregu Power Plc and previously Group Executive Director Finance & Risk Management of Forte Oil Plc (now Ardova Plc) has joined FBN Holdings Board as a Non-Executive Director following the approval of his appointment by the Central Bank of Nigeria according to the notification sent by the company secretary to the NGX. JB is a ... Read More »

Pic 1 – Ana Campos, a Rwandan and Nziza Ken, an Angolan both winners of Future Face Africa model talent search competition held at Eko Hotels and Tours, Lagos, Nigeria at the weekend. Pic 2 – Ana Campos, a Rwandan and Nziza Ken, an Angolan both winners of Future Face Africa model talent search competition held at Eko Hotels and ... Read More »

The publisher of newsthumb Magazine Olayinka Sotayo, Lagos State new CP Abiodun Alabi and Adewale Ogunniran of integrityreporters newspaper on a courtesy visit to newly appointed Lagos State commissioner of police today. Read More »

The Economic and Financial Crimes Commission (EFCC) has filed 17-count charge against a former Imo Governor Rochas Okorocha and six others. The charge filed before the Federal High Court in Abuja on Monday, has Anyim Nyerere Chinenye, Naphtali International Limited, Perfect Finish Multi Projects Limited, Consolid Projects Consulting Limited, Pramif International Limited, and Legend World Concepts Limited as other defendants. ... Read More »

A case of water water everywhere but not a drop to drink. The idea was wonderful; though could have been better refined in engineering design but still scores first class marks of >70%. The most serious challenges are: 1) PROCUREMENT – that the relatively simple skills required for the design, together with materials of construction were not available domestically, on ... Read More »

In a bid to develop the Nigerian capital market and enhance the economy, Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, is set to advance customer assets in 2022 with its bouquet of investment solutions. Incorporated in 1992, Stanbic IBTC Asset Management has been providing investment services to foreign and domestic portfolio investors comprising global custodians, fund ... Read More »

  Over a hundred years since banks came into Nigeria, services rendered to small and medium scale businesses were limited to core banking services and transactions. However, those that cared to look further were able to stand the test of time, reinventing themselves with cutting edge financial services that remain key to sustaining its relevance to not just its host communities ... Read More »

L-R: Chief Digital Officer, Fidelity Bank Plc, Lanre Showunmi; Regional Bank Head, Ikoyi, Fidelity Bank Plc, Chetachi C. Ezenagu; N1 million cash prize winner, Stanley Sunday Okpoto; representative of N1 million cash prize winner (Ajoma Rachael Iyawo), Dare Ajayi; Group Head, Property, Procurement & Vendor Management, Fidelity Bank Plc, Uche Obodoekwe; Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede; ... Read More »