With the theme ‘One People, One Destiny, Uniting and Reimagining our Future’, the AfriCaribbean Trade and Investment Forum began on Thursday in the coastal city of Bridgetown, the capital of Barbados. Tagged ACTIF2022, the event, the first of its kind between the two continents, aims at providing an opportunity for the Caribbean and African business communities, as well as governments to establish new commercial and …

Stanbic IBTC Bank PLC, a member of Standard Bank Group, has intensified its efforts in providing financial products and services for businesses in the agro-allied industry. Given that the agro-allied industries are central to sustainable development, while the agricultural sector is critical for generating employment, supporting the economy in farming communities, and providing food and nutritional security, the bank said …

Nigeria’s oil revenue dipped by 28.3 percent between the fourth quarter of last year and the first quarter of this year, according to the Central Bank of Nigeria (CBN). In its economic report for the first quarter of 2022, the CBN said the country generated N799.1 billion from oil sector in Q1 2022., as against N1.11 trillion in Q4 2021. …

The NNPC Limited has disclosed that it would supply Dangote Refinery with 300,000 barrels of crude oil per day, totalling 2.1 trillion in 20 years. According to its Managing Director, Mallam Mele Kyari said that the newly-sealed supply contract is a guarantee that the Federal Government is committed to ensuring sufficient petroleum products for members of the public. “We have …

The Nigerian Civil Aviation Authority (NCAA) has threatened to shut down domestic airlines over N19 billion and $7.6 million debt, which it said the airlines owe. NCAA said the airlines have refused to pay despite receiving money from customers. It alleged that the airlines have instead launched a “campaign of calumny and falsehoods” against the authority. At a meeting on …

The Founder/Chief Executive of Coscharis Group, Dr Cosmas Maduka will be the keynote speaker at the first anniversary of Business Network International (BNI), a business think tank and the worlds leading and most successful business referral organisation. Maduka is a businessman and philanthropist of repute with a networth of over $500 million and heading diverse business subsidiaries. The Cosharis boss …

Fidelity Bank has agreed to take over the United Kingdom unit of Nigeria’s second oldest lender, Union Bank. In a statement by Fidelity Bank on Tuesday, it said that this new development is the latest phase in the train of divestments by Union Bank which began late last year. At that time, Union Bank offloaded 90 percent of its shareholding to …

In line with its commitment to offer amazing value to Nigerian mobile telephone customers, Nigeria’s youth-friendly telecoms brand, 9mobile has announced the launch of 9Konfam, a tariff plan that rewards customers with generous airtime and data benefits upon SIM activation, and on every recharge. According to the telco, 9Konfam empowers customers to connect and to do more with their airtime …

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh has stated that the agency would continue to take deliberate steps to work with critical institutions and professional bodies to reposition Nigeria’s maritime industry. While receiving a Federal Capital Territory (FCT) branch of the Nigerian Bar Association (NBA) on a courtesy visit to the agency, …

As part of its plan to enable economic development through bilateral trade and investment between Nigeria and Malaysia, Asankoko Group paid a courtesy visit to the Alaiyeluwa Oloja of Epe, HRM Oba Kamorudeen Ishola Animashaun last Monday, while on a tour of Alaro City. Asankoko Group CEO, Prince Olawale Sulaiman Ayinla;  and the Malaysia Trade Commissioner to Nigeria, Mr. Suwardy …