Lagos, Nigeria November 7 – ASPM Limited, a subsidiary of OVH Energy Limited, achieved a ground-breaking milestone as it launched its Lagos Midstream Jetty (LMJ) located at the Lagos Apapa Harbour. The Lagos Midstream Jetty is West Africa’s first privately owned mid-stream jetty, conceived by Oando PLC to increase...
It is heartwarming to read the latest doing business report of the World Bank and Nigeria’s giant leap to 145th among 190 economies on the ease of doing business. Nigeria gained 24 places on the latest ranking, an improvement on the prior year’s ranking of 169, and exceeded the...
Role: Tax Associate Business Unit: Tax and Regulatory Services Location: Abuja, Lagos and Port-Harcourt Main Purpose of the Job Tax Associate role provides opportunity for young and vibrant individuals desirous of building a career in professional tax services to be mentored in realizing their dream. Successful candidates will join a team of tax...
The World Bank Group (World Bank) on Tuesday, 31 October 2017, published its 2018 Doing Business Report (the Report) in which Nigeria is now ranked 145th among 190 economies on the ease of doing business index. Nigeria gained 24 places on the latest ranking, an improvement on the prior...
The Federal Executive Council at its meeting on Thursday, 26 October 2017, approved the establishment of Road Trust Fund (RTF or the Scheme). RTF is conceptualized as a public private partnership (PPP) initiative by Federal Ministry of Finance (FMF) and Federal Ministry of Power, Works and Housing (FMPWH). The...
The Federal Government of Nigeria (FGN) has released the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2018 to 2020 fiscal years. The MTEF/FSP, issued pursuant to the provisions of the Fiscal Responsibility Act, documents FGN’s economic agenda, fiscal policies and strategies, as well as projected revenue...
Guinness Nigeria Plc has released its 2018 first quarter results for the period ended September 2017. Here are highlights of the results; 30% revenue growth and 24% gross profit increase for quarter one 2018 fiscal year. Operating profit of N2.6bn, N2.0bn improvement compared to...
The ‘ember period is in full swing and with it are the several promos that companies place at Nigerians’ feet. One that is very likely to get the interest of several people is the Fidelity Bank Get Alert Promo. The promo is targeted at both new and existing customers...
Crypto currencies are the biggest craze in financial markets right now, for good reason. It’s almost impossible to be in finance in 2017 and not to have heard about the blockchain and the digital tokens it enables, the main ones among them being Ethereum and Bitcoin. I won’t go into...
Pan African financial institution, United Bank for Africa (UBA) Plc has announced its unaudited third quarter financial results ended September 30, 2017, showing remarkable performance across key financial indicators. UBA’s gross earnings grew by 26 percent to N333.9 billion, as against N265.5 billion reported in September 2016. This inspiring result was driven by the strong...
For Africa to attain its desired goal in real growth and development, prominent African leaders and top entrepreneurs across the continent have decided to work effectively together towards integrating their economies to enable free trade among its members. Specifically,Vice-President of Nigeria, Professor Yemi Osinbajo,  Former President of Nigeria, Olusegun Obasanjo, former President of...
Meristem Securities will be launching Merigame, an interactive game based on the Nigerian Stock market on the 17th of October 2017. The game is based on the exact replica of stocks traded on the Nigerian Stock Exchange. Players can practice how to buy stocks without losing money. The launch will...
As part of its commitment to being the leading bank in Nigeria, First bank has partnered with the Nigerian Economic Summit Group to host the ongoing Nigerian Economic Summit in Abuja. The summit which is the 23rd in the series with the theme: Opportunities, Productivity & Employment: Actualizing the Economic...
Axxela is set to build a 510km pipeline across Central and Western Nigeria. This pipeline is expected to run through Ibadan-Illorin-Jebba. This was stated at the ceremony conducted to submit a feasibility report on the proposed project to the Nigerian Gas Processing and Transportation Company (NGPTC) a subsidiary of the...
The Ondo State Governor, Mr. Oluwarotimi Akeredolu, SAN, has said that his major priority in office is to make the state the number one destination of investors in Nigeria by year 2020. Speaking during the Inauguration of the board of the State Development and Investment Promotion Agency (ONDIPA) on Thursday in Akure,...
The sun rises in the east and sets in the west, its sprawling horizon is dotted with hills that sit magnificently accentuated by lush greenery indicating unusual potential for fruitfulness. What and where are we talking about? It is the Sunshine state, Ondo, a land flowing with an abundance...
Hilton (http://Newsroom.Hilton.com) (NYSE: HLT) has committed a total of $50 million over the next five years towards the Hilton Africa Growth Initiative to support the continued expansion of its Sub-Saharan African portfolio. These funds are intended to support the conversion of around 100 hotels (roughly 20,000 rooms) in multiple African...
First Bank of Nigeria Limited has initiated a whole week of celebrating its Corporate Responsibility and Sustainability (CR&S) initiatives from September 25 – 29, 2017. The historical First Bank CR&S week themed ‘Promoting Kindness; Putting You First’ would witness the culmination and consolidation of the Bank’s interventions in social responsibility,...
The Entrepreneur Mind-set - A mentoring session with Ibukun Awosika For the average undergraduate, getting a well-paying 9 to 5 job after graduation is the dream. However, this is one dream that is fast eluding a number of graduates today given the prevailing socio-economic conditions in the country. Working for someone else...
The Management of Dangote Industries Limited (Dangote Group) has issued a passionate appeal to members of the public to assist in monitoring and reporting both recklessness and illegal haulage of contrabands goods by some of its truck drivers. The company has also set up hotlines for the public to report such...
Top Nigerian lender, Fidelity Bank recorded a very strong financial performance in the first half of 2017, posting impressive growth in profits, gross earnings and other indices for the six months period ended June 30, 2017. Details of the audited results, released at the Nigerian Stock Exchange (NSE) shows that...
Following the August 14 unprecedented disaster, Tony Elumelu, Founder of Tony Elumelu Foundation and Chairman of United Bank for Africa (UBA), yesterday, Wednesday 23 August, paid a state visit to the people and Government of Sierra Leone to commiserate over the great loss caused by devastating mudslides and floods...
In mid 2016, First Bank revamped her USSD banking service in a bid to further drive financial services to the financially excluded and underbanked. USSD is a GSM Mobile Technology trend that is redefining the way we make payments and other value added services as an emerging economy. It enables users...
This summer promises to be an exciting one for holiday makers with First Bank’s bouquet of Dollar denominated cards.  Convenience, security, flexibility and improved spend are the key defining features of these Dollar cards. To delight customers, wherever they travel this summer, First Bank offers three Dollar card products...
Ideally, you should pay yourself at least 10% of your monthly income first and foremost, then live off the remaining 90%. These accumulated savings should then be invested in earning assets that will form another brick in your pillars of financial freedom. I use the phrase “pay yourself” deliberately...
Against the backdrop of increased interest and investments in Mutual Funds in Nigeria, Nigeria’s Securities & Exchange Commission (SEC) announced that total Asset Under Management (AUM) of mutual funds in Nigeria topped N300 billion for the first time ever. This has been attributed to various factors not excluding the current...
FBN Merchant Bank will team up with the global research and consultancy firm, Oxford Business Group (OBG) to produce the financial chapter of The Report: Nigeria 2017, highlighting the pivotal part Nigeria’s banks are playing in the country’s broader diversification efforts by boosting lending to the private sector. The...
Transnational Corporation of Nigeria Plc (Transcorp), is back to profitability, after it declared a profit after tax (PAT) of N4.2 billion for the half-year ended 30th of June 2017 from a loss of N12.19 billion recorded in the corresponding period in 2016. According to the President and Chief Executive Officer, Transcorp Plc.,...
On Thursday, July 27, 2017 at Villa Toscana, Oniru, Lekki, Okhai Akhigbe & Co. (OAC)—a Lagos-based legal services firm—will be hosting small- and medium-size businesses to a free legal workshop: SME Legal Clinic. Sound legal health is a crucial part of business success. SME Legal Clinic aims to unravel the...