Day: June 19, 2019

Winners emerge in Zenith Bank’s Microsoft championship

Alade Jones

Zenith Bank Plc, one of the biggest banks in the country by tier-1 capital and the most profitable bank in the country, has partnered with ReadManna, organizers of the competition in Nigeria, since 2007 and sponsored Nigerian winners’ participation in the World championship. The championship is organized annually in Nigeria by ReadManna Empowerment Initiative, a not for profit company led by Mrs Edna Augusto and focused on empowering students and youth in Nigeria with practical and relevant basic computer skills aligned to global standards. ReadManna is authorised by CertiportInc, a…

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Access Bank’s Womenpreneur to increase women’s financial capacity

Alade Jones

Access Bank Plc has taken fresh initiatives which tilts toward providing financial and business skills to female entrepreneurs. With the launch of its Womenpreneur Pitch-A-Ton 2019, a capacity building initiative by the bank, qualified women entrepreneurs would be provided with financial grants as well as mini-MBA in conjunction with the International Finance Corporation (IFC, a member of the World Bank Group) for 50 winners. The Womenpreneur Pitch-A-Ton is targeted at women above the age of 18 years who have been in business for at least one year.  Speaking on the…

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NNPC to resume oil search in Chad Basin

Stella Ofiko

.Bauchi gov optimistic The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to resume oil search in the Chad Basin as soon as it receive security clearance. Group Managing Director of the Corporation, Dr. Maikanti Baru, disclosed this today when the Governor of Bauchi State, Senator Bala Mohammed, paid him a business visit in Abuja. “We will go back there as soon as we receive security clearance. There seems to be some prospects there because Niger Republic drilled over 600 wells and now they are producing while we have…

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Retirement: Evaluating PenCom’s safety net for informal sector

admin

For those in the informal sector of the economy, the plan by the Federal Government to get them adequately integrated into the nation’s financial system recently took another leap with the micro-pension plan initiative. Sunday Ojeme reports For a long time, operators in the the various financial institutions have designed products and deployed same to get the grassroots fit into the financial inclusion plans of government. Such efforts led to the establishment of sub-banking sectors like the defunct community banks, series of saving scheme arrangement, micro-finance banks as well as…

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Dangote Cement to attract $700m into economy

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•Pays N16 dividend The Chairman of Dangote Cement Plc, Aliko Dangote, has promised that the expected increase in export of cement will attract a minimum of  $700 million into the economy. Disclosing this yesterday during the company’s 10th Annual General Meeting in Lagos, he said the foreign exchange inflow would assist the Federal Government as well as Dangote Group in its other activities across Africa. The chairman, who described the shareholders and staff as the bedrock of the company, also promised to pay N16 per every 50k share as dividend.…

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NBS: Kerosene consumers paid less in May

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Consumers of household kerosene paid lower price for a litre of the product at  N315.91 in the month of May as against April’s N316.26, according to pricewatch released by National Bureau of Statistics (NBS) on Tuesday. States with the highest average price per litre were Anambra (N363.54), Ebonyi (N355.00), and Plateau (N351.85). States with the lowest average price per litre were Abuja (N291.67), Katsina (N290.67) and Gombe (N265.39). Similarly, average price per gallon paid by consumers decreased by -0.12 per cent month-on-month and increased by 23.07 per cent year-on-year to N1,…

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Baru tasks NUJ on petroleum product smuggling

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. Crude production steady at 2.3mbpd Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called on members of the Nigerian Union of Journalists to join the corporation in naming and shaming cross-border smugglers of petroleum products. Baru, made the call when he played host to the national leadership of the NUJ led by its President, Mr. Chris Isiguzo, at the NNPC Towers in Abuja on Tuesday. The NNPC helmsman said the activities of cross-border petroleum products smugglers had caused much hardship for Nigerians and robbed…

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NNPC’s engineering subsidiary, NETCO, records N6.758billion profit

Stella Ofiko

The National Engineering and Technical Company of Nigeria (NETCO), the engineering subsidiary of the Nigerian National Petroleum Corporation (NNPC), on Tuesday posted a profit before tax of N6.75 billion for the year ended December 31, 2018. The figure represents an increase of 107 per cent over the N3.26 billion recorded in 2017. Profit after tax stood at N4.597billion compared to N2.483billion recorded in 2017. This was disclosed in a release by the Group General Manager, Group Public Affairs Division, NNPC, Mr. Ndu Ughamadu. Speaking at the Annual General Meeting of…

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