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Category: Business

Business News

Dangote refinery to create 4,000 jobs, crash prices

National Ambassador.December 14, 2017 Dangote newsDangote refineryNigerian newsNNPC

Dangote Refinery currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct jobs and crash prices of petroleum products. Mr Babajide…

View More Dangote refinery to create 4,000 jobs, crash prices
Business News

Ecobank Nigeria unveils Xpress account

National Ambassador.December 13, 2017 Ecobank mobileEcobank Xpress

Ecobank Nigeria has unveiled Ecobank Xpress Account, a flagship digital mobile based account. According to the bank, the account is simple and does not require…

View More Ecobank Nigeria unveils Xpress account
Business News Politics

Lagos budget is N1.04trn

National Ambassador.December 11, 2017 2018 BudgetLagos State

Lagos State governor Akinwunmi Ambode on Monday presented the 2018 budget of N1.046 trillion to the state House of Assembly. The budget, tagged: “Budget of…

View More Lagos budget is N1.04trn
Business News Technology

MTN missing as Airtel, Glo, Smile make final five to buy 9mobile

National Ambassador.December 10, 2017 9mobileAirtelMTNNtelVirgin Mobile

MTN Group did not make it to the final five companies in the bid for 9mobile, TheCable can report. The top five bidders who made…

View More MTN missing as Airtel, Glo, Smile make final five to buy 9mobile
Business News

MSME fund: Reduce lending rate, Ambode tells CBN

National Ambassador.December 10, 2017 AmbodeCBNLagos StateMSME

Mr. Akinwunmi Ambode, Lagos State Governor yesterday, said it was time for the government to review policies that affect growth, as well as come up…

View More MSME fund: Reduce lending rate, Ambode tells CBN
Business News

UN solicits $1b for Nigeria, others

National Ambassador.December 9, 2017

UN Secretary-General António Guterres has called for a one billion dollars donor contributions to the Central Emergency Response Fund (CERF) to fund life-saving works in…

View More UN solicits $1b for Nigeria, others
Business News

Buhari opens manufacturing plants in Kano

National Ambassador.December 8, 2017 BuhariKano State

President Muhammadu Buhari says his administration’s trade and investment policies will help the nation to diversify the economy, attract more foreign investments and speed up…

View More Buhari opens manufacturing plants in Kano
Business Foreign Metro/Crime News

Saudi Prince Salman revealed as buyer of Jesus $450m paint

National Ambassador.December 8, 2017 Salam BinSuadi prince

Saudi Crown Prince Mohammed bin Salman is the actual buyer of a painting of Jesus by  Leonardo da Vinci that sold for a record-breaking $450…

View More Saudi Prince Salman revealed as buyer of Jesus $450m paint
Business News

IFIS secures CBN’s approval, crosses 10,000 agents’ mark

National Ambassador.December 8, 2017 Cable TVIFISMike OgbaluQuickteller

A commercial Super-Agent licence has been granted to Interswitch Financial Inclusion Services (IFIS), a subsidiary of Interswitch Group, by the Central Bank of Nigeria (CBN).…

View More IFIS secures CBN’s approval, crosses 10,000 agents’ mark
Business Metro/Crime News

SEC begins forensic audit on Oando

National Ambassador.December 6, 2017 OANDOSEC

The Securities Exchange Commission (SEC) has begun its forensic audit on Oando, two months after the commission notified the company of a possible audit on…

View More SEC begins forensic audit on Oando
Business News Society

Bloomberg: Dangote is only African among 50 most influential people

National Ambassador.December 6, 2017 Aliko DangoteBloomberg

Aliko Dangote, Africa’s richest person, has been honored for his contribution to increasing local food production and lessen food imports in Nigeria. Dangote was among…

View More Bloomberg: Dangote is only African among 50 most influential people
Business News

US, South Korea in biggest ever air drill with 230 aircraft

National Ambassador.December 4, 2017 230 aircraftSouth KoreaUS

The US and South Korea on Monday kicked off their largest ever joint air drill, an operation North Korea has labelled an “all-out provocation”, days…

View More US, South Korea in biggest ever air drill with 230 aircraft
Business News

Bitcoin surge: Digital currency closer to $12,000 mark

National Ambassador.December 4, 2017 Bitcoin

The price of cryptocurrency bitcoin surged to 11,800 dollars on Sunday afternoon – its highest level yet. Bitcoin, a peer-to-peer digital currency system created in…

View More Bitcoin surge: Digital currency closer to $12,000 mark
Business News

Abdul Zubair replaces Gwarzo as acting DG of SEC

National Ambassador.December 3, 2017 Abdul ZubairAdeosunSEC

The federal government on Sunday announced the appointment of Abdul Zubair as acting director-general, Securities and Exchange Commission (SEC). In a statement made available to…

View More Abdul Zubair replaces Gwarzo as acting DG of SEC
Business News Society

Gov. Bello inaugurates FADAMA facilities worth $323m

National Ambassador.December 1, 2017 Abubakar BelloFADAMANiger State

Gov. Abubakar Bello of Niger on Friday inaugurated FADAMA III-Additional Financing (AF) facilities worth 323.1 million dollars in the state. Bello was represented by his…

View More Gov. Bello inaugurates FADAMA facilities worth $323m
Business Entertainment News

Gov. Ayade inaugurates 2017 Calabar carnival village

National Ambassador.December 1, 2017 Ben AyadeCalabar carnivalCross River

Gov. Ben Ayade of Cross River on Friday inaugurated the `Calabar Municipal Garden’ which will serve as the 2017 Calabar Carnival village, the News Agency…

View More Gov. Ayade inaugurates 2017 Calabar carnival village
Business News Technology

KPMG to train 10 data science Nigeria hackathon participants

National Ambassador.December 1, 2017 KPMG

KPMG, leading advisory services provider has offered internship to the top ten participants of the recently concluded Data Science Nigeria (DSN) Bootcamp hackathon. Some of…

View More KPMG to train 10 data science Nigeria hackathon participants
Business News

Oil prices rise as OPEC extends cuts to 2018

National Ambassador.December 1, 2017 Ibe KachikwuMr Khalid al-FalihOil pricesOPEC

Oil prices are expected to rise further as Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC extends the production cut deal to Dec. 2018. Saudi…

View More Oil prices rise as OPEC extends cuts to 2018
Business News

Enyimba Industrial Zone will Create one million Jobs – Ikpeazu

National Ambassador.November 30, 2017 AriariaDr Okezie IkpeazuEnyimba

Abia State Governor, Dr Okezie Ikpeazu, has said that the proposed Enyimba Industrial Free Trade Zone, which is Public-private partnership (PPP) project between Abia State…

View More Enyimba Industrial Zone will Create one million Jobs – Ikpeazu
Business News

Anambra to spend N70m on debt servicing monthly

National Ambassador.November 30, 2017 Anambra government newsWillie Obiano

The Anambra government has said it will spend between N60 and N70 million monthly to service its domestic and external debts. Mr Mark Okoye, Commissioner…

View More Anambra to spend N70m on debt servicing monthly
Business News

Seven-Up gets takeover offer from majority shareholder

National Ambassador.November 30, 2017 Affleka SANigerian Stock ExchangeSeven-UP

Affleka SA, majority shareholder in Seven-Up Bottling Company, has offered shareholders of the company N112 to buy all ordinary shares owned by other shareholders. According…

View More Seven-Up gets takeover offer from majority shareholder
Business News Politics

Ayade presents highest ever N1.3trn budget for 2018

National Ambassador.November 30, 2017 2018 BudgetBen AyadeCross River governor

Ben Ayade, Cross River governor, has presented a budget of N1.3 trillion for the 2018 fiscal year to the state house of assembly. The budget…

View More Ayade presents highest ever N1.3trn budget for 2018
Business News

Nigeria raises $3b at international capital market — Adeosun

National Ambassador.November 29, 2017 Kemi Adeosun

The Minister of Finance, Mrs Kemi Adeosun says Nigeria has raised three billion dollars at the international capital market. She made this known in a…

View More Nigeria raises $3b at international capital market — Adeosun
Business News

No Grammy for Wizkid, Jay Z leads nominations

National Ambassador.November 29, 2017 Jay Zwizkid

No Nigerian artiste made the Grammy nomination list Tuesday. Not Wizkid who made it last year via a collabo with Drake. And not Davido, whose…

View More No Grammy for Wizkid, Jay Z leads nominations

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