Olayemi Cardoso assumes duty as acting CBN governor
Business a.m.
September 22, 2023
Business A.M Yemi Cardoso, the recently nominated governor of the Central Bank of Nigeria, has formally assumed duty as acting governor of the apex bank pending the approval of his nomination by the Senate. Cardoso’s recent position in an acting capacity, was disclosed in a press release by the CBN dated September 22,2023, signed by […]
Tinubu nominates Olayemi Cardoso as new CBN governor
Business a.m.September 15, 2023
Business A.M President Bola Tinubu has nominated Olayemi Michael Cardoso as the new governor of the Central Bank of Nigeria (CBN). The announcement, conveyed through a press statement by Ajuri Ngelale, special adviser to the president on media & publicity, stated that the appointment for a five-year term is subject to confirmation by the Senate […]
Court grants Emefiele N20m bail over alleged illegal firearm possession
Isaac JayeolaJuly 25, 2023
Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN) has been granted bail in the sum of N20 million by the federal high court sitting in Lagos. Justice Nicholas Oweibo, the presiding judge released Emefiele on a N20 million bail bond with one surety in the like sum following the banker’s “not […]
U.S. building its largest consulate in Nigeria, creating 2500 jobs over 5-years
Onome AmugeApril 4, 2022
BY ONOME AMUGE The United States has commenced the construction of a $537 million new consulate in Lagos, Nigeria’s commercial capital city. The move, according to the U.S consulate statement made available to Business A.M, is aimed at fostering the bilateral friendship and investment partnership between the U.S and Nigeria. Located on a 12.2- acre […]
Germany’s consular general advices Nigeria to focus on agro-processing sector
Onome AmugeApril 4, 2022
BY ONOME AMUGE Nigeria’s potential for agricultural commodities and food products development remains greatly available, but the percentage of total exports continues to hover around single digits, reflecting a negative trade balance. The country’s unfavourable trade condition can only be effectively addressed when the authorities concentrate efforts on the value chain by focusing on the […]
UBA, Cellulant to take payment services to 19 African countries
Anthony NlebemMarch 29, 2022
The United Bank for Africa (UBA) Plc, the African financial institution, and Cellulant, a leading pan-African payments company, have teamed up to take merchants and consumers payment services to at least 19 African countries in which UBA operates. The countries include, including Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, Republic of Benin, Burkina Faso, […]
Seplat’s STEP initiative benefits 220 teachers, education inspectors
Businessam StaffMarch 29, 2022
Seplat Energy Plc, a leading indigenous energy company and its partner, the Nigerian Petroleum Development Company (NPDC), have intensified efforts towards improving the standard of education in Nigeria, especially in its host states and communities by training, empowering, and awarding certificates to a total of 220 individuals, comprising 214 teachers and six chief inspectors of […]
Expert canvasses N300bn fund to sustain modular refineries
Onome AmugeMarch 28, 2022
BY: ONOME AMUGE Modular refineries, described by oil experts as simplified petroleum refineries with capabilities of about 30,000 barrels per day, requiring less capital investment compared to traditional full-scale refinery facilities, have been considered essential alternatives towards tackling the challenges impacted by Nigeria’s refined oil importation. In light of this, the Central Bank of Nigeria […]
Reps urge stakeholders to work together to minimise flight delays
Businessam StaffMarch 28, 2022
The tripartite House of Representatives committees on aviation, commerce and human rights investigating the unprecedented flight delays and cancellations in recent times have identified lack of collaboration and coordination among the various stakeholders as major contributory factors to the problems. At the investigative hearing coordinated by Nnolin Nnaji, the aviation committee chairman, it was decided […]
Abuja Chamber lobbies Buhari to sign Transport Commission bill
Onome AmugeMarch 28, 2022
BY: ONOME AMUGE The foremost gathering in Abuja of businessmen and businesswomen in the organised private sector, the Abuja Chamber of Commerce and Industry (ACCI) is mounting a strong lobby to have President Muhammadu Buhari sign the National Transport Commission (NTC) bill into law. The lobby appears to have become a matter of urgent importance […]