Access Bank seeks to buy Zambian bank

Access Bank Plc has commenced an exclusive discussion towards full acquisition of Cavmont Bank Limited, a Zambia-based financial institution. Access Bank is seeking to consummate the acquisition through its Zambian subsidiary, Access Bank Zambia Limited. In a regulatory filing at the Nigerian Stock Exchange (NSE), Access Bank stated that it […]

COVID-19: NNPC recorded N9.53bn trading deficit in March

The Nigerian National Petroleum Corporation (NNPC), on Wednesday, announced a trading deficit of N9.53 billion in its operations for March 2020, representing a sharp decline compared to the N3.95 billion surplus recorded in February 2020. In a statement in Abuja, Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, […]

Firm upgrades lecture halls at UNILAG

 Endows $10k prize for best student Platform Capital, a company has renovated and handed over three lecture halls to the Executive MBA programme of the University of Lagos Business School (ULBS). The firm’s Chairman, Dr. Akintoye Akindele, also pledged a $10,000 prize to the best graduating student of the Executive […]

IMF advocates $49bn investment in Nigeria’s power sector by 2030

The International Monetary Fund, IMF, has advocated $49 billion investment in Nigeria’s power sector to ensure adequate power supply for the country by 2030. The IMF stated this in a report on Nigeria titled, “Additional Spending towards Sustainable Development Goals”. The IMF said that while Nigeria has made some progress […]

Edo Poly wins Canadian govt’s grant for gender, STEAM research

The Edo State Polytechnic, Usen, has won a research grant for an explorative research programme aimed to advance gender equality in Science, Technology, Engineering, the Arts and Mathematics (STEAM). The programme is funded by Canada’s International Development Research Centre (IDRC) and is to be implemented in collaboration with Carleton University […]

COVID-19:China in for Legal Battle,as Nigerian lawyers sue for $200b

A coalition of Nigerian legal experts have filed a class action suit against the Peoples Republic of China over the effects of the Coronavirus pandemic effect on Nigerians. They are demanding $200 billion as damages for the “loss of lives, economic strangulation, trauma, hardship, social disorientation, mental torture and disruption […]

COVID-19: Pay relief funds to households through BVN, Tinubu tells FG

National Leader of All Progressives Congress, Bola Tinubu, has urged the Federal Government to make cash payments to households through Bank Verification Numbers to cushion the effects of COVID-19 pandemic on Nigerians. Tinubu, a former governor of Lagos State, gave the advice in a statement issued in Lagos on Wednesday. […]

COVID-19:Fuel Scarcity as NUPENG Contemplates on Sit-At-Home

Due to the increase in the global pandemic, and the spread in Nigeria which has now record up to 46 confirmed cases, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has hinted on declaring a sit-at-home order on it members and all bodies concerned to avoid chances of been infected […]

COVID-19: FG partially close down offices nationwide

As part of measures to curtail the coronavirus pandemic, the Federal Government on Monday night directed all its non-essential civil servants from grade level 12 and below to stay and work from home from Tuesday. This was contained in a circular issued by the Head of Service of the Federation, […]

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