Okorie Drags Zenith Bank to CBN over ‘Disappearance’ of $64.1 Million

Okorie Drags Zenith Bank to CBN over ‘Disappearance’ of $64.1 Million

Akanimo Sampson An alleged disappearance of over $64 million from the vaults of the Zenith Bank has landed the multinational financial services provider in trouble. Zenith bank is rated as a large financial service provider in Nigeria and Anglophone West Africa. As at the ending of 2016, her total assets were N4.7 trillion with shareholders’ equity of N616.3 billion….

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World Bank Group Unveils Creditworthiness Academy For Counties

World Bank Group Unveils Creditworthiness Academy For Counties

The Academy is part of the World Bank Group’s Mobilizing Finance for Development agenda The World Bank Group, in collaboration with the Commission for Revenue Allocation today launched County Creditworthiness Academy, an intensive one-week capacity building workshop for County government financial officials and the central government staff to master the underlying principles of creditworthiness. The Academy is part of…

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Investment in Refinery, Petrochemicals is Driven by Innovation, Efficiency, Says Dangote

Investment in Refinery, Petrochemicals is Driven by Innovation, Efficiency, Says Dangote

Dangote is also constructing the largest fertiliser Plant in West Africa with capacity to produce 3.0 million tonnes of Urea per year as part of the gigantic economic transformation project The ongoing investment in refining, petrochemicals, fertilizer and gas is driven by the desire to bring innovation and efficiency into all aspects of Nigeria’s oil and gas sector, the…

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Bayelsa Hosts All Africa Microfinance and SMEs Summit 2019: … Set to launch Enterprise Development Centre at University of Africa, Toru -Orua.

Bayelsa Hosts All Africa Microfinance and SMEs Summit 2019.

Isaac Ombe Africa Association for Small and Medium Enterprises (AAASME), a continental advocacy body with the objective to promote, support, develop and protect the interest of Micro, Small and Medium Enterprises Ecosystem in Africa holds its summit in Yenagoa, the Bayelsa state capital. The event, with the theme: Agenda 2030 & 2063 Boosting IntraRECs/African Trade with Innovative Financing of SMEs…

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Buhari Signs Executive Order 007, Approves Construction of 794km of Roads

Executive Order 007 of 2019 on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme

President Muhammadu Buhari on Friday signed Executive Order 007 of 2019 on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, and reiterated his administration’s commitment to the provision of critical road infrastructure across the country. The President made this known when he signed Executive Order at the State House, Abuja. He said: “This is another opportunity to demonstrate…

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Nigeria and Canada have commenced moves to revive their bilateral agreement.

Nigeria and Canada have commenced moves to revive their bilateral agreement.

The new Canadian High Commissioner to Nigeria, Philip Baker, disclosed this when he visited the Minister of Industry, Trade and Investment, Okechukwu Enelamah, in Abuja. Baker said his country is ready to collaborate with Nigeria in areas like mining and aviation. He said he has been tasked to increase trade between the two countries as a means of building…

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Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP), is expected to arrive in Washington, DC on Thursday,

Atiku Abubakar visits U S

The former vice-president is reportedly scheduled to speak at the Chamber of Commerce on Friday, from 2:30pm to 4pm local time, although TheCable could not confirm the event. The private roundtable, to be hosted by the US Chamber of Commerce and the US Africa Business Centre, is reportedly going to hold at 1615 H Street, NW 20062. But TheCable…

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CLOSED PORTS REOPEN IN EGYPT

CLOSED PORTS REOPEN IN EGYPT

Red Sea Ports Authority (RSPA) said on Thursday that five ports shut during the week due to severe weather conditions have been reopened. The Head of RSPA, Ayman Saleh, advised all port managers to be in contact with the Egyptian Meteorological Authority to ensure the regularity and safety of maritime navigation. The Spokesman, Alexandria Port Authority, Reda Ghandour said…

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DELTA STATE APC GRASSROOTS CAMPAIGN COORDINATOR HAILS PRESIDENT BUHARI OVER APPROVAL OF 50 BILLION NAIRA FOR UPGRADE OF WARRI PORT  TO INTERNATIONAL STANDARD

DELTA STATE APC GRASSROOTS CAMPAIGN COORDINATOR HAILS PRESIDENT BUHARI OVER APPROVAL OF 50 BILLION NAIRA FOR UPGRADE OF WARRI PORT INTERNATIONAL STANDARD

As President Muhammadu Buhari visits Warri, the commercial capital of Delta state on Thursday (January 17, 2019), as part of the All Progressives Congress (APC) electioneering campaigns to the south-south geo-political zone of the country, a member of the Delta State APC Campaign Council and Coordinator of Warri South West Local Government Area for Chief Great Ogboru Governorship Campaign…

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