FCMB, Mastercard Foundation partner to uplift 100,000 MSMEs in Nigeria
Nigeria – 11 May, 2022 – First City Monument Bank (FCMB), a member of FCMB Group Plc, has partnered with the Mastercard Foundation to provide subsidized loans to 100,000 Micro, Small, and Medium Enterprises (MSMEs), to scale their operations to create work opportunities for young Nigerian women and men. The
Taraba residents knock Chinese firm over poor road rehabilitation
Residents of Mararaba, Ananum and Donga communities in the Donga Local Government Area of Taraba State on Friday decried what they called the poor quality of asphalted Mararaba -Donga road. The residents, who spoke in separate interviews with our correspondent when he visited the area on Friday, said the asphalted
Nigeria’s oil production falls over poor maintenance, says World Bank
The World Bank has said that Nigeria’s oil production declined in 2021 due to a lack of maintenance and the loss of infrastructure efficiency. It added that Nigeria was yet to benefit from increasing oil prices as a result of declining oil production and fuel subsidy. The Washington-based bank said
FG launches mobile app for sending crime alerts to security agencies
The federal government has launched a mobile app for sending crime alerts to security agencies. Rauf Aregbesola, the minister of interior who spoke at the launch of (NISPSAS) mobile application at the ministry’s headquarters on Thursday May 12, said many attacks would have been foiled if the security
Siemens, Finnish utility Fortum quit Russia over Ukraine war
Germany’s Siemens and Finnish utility Fortum will halt all business in Russia due to the war in Ukraine, the latest in a long list of mostly Western firms that have quit the country over the conflict. Siemens has begun winding down its industrial operations and related activities in Russia, the
World hand hygiene day: Dettol donates to federal medical centre Abuja
Living up to its brand purpose, to protect life by reducing the burden of illness and its fight to make good hygiene a reality that everyone can achieve, Dettol Nigeria recently made product donations to the Federal Medical Centre, Abuja as part of its activities to mark the 2022
Fuel queues persist in Abuja, black marketers sell for N300/litre
Fuel queues persisted in the Federal Capital Territory on Monday as filling stations struggled to control desperate drivers waiting to buy the Premium Motor Spirit, PMS, at the official price. Racketeers had a field day, selling a litre of PMS at N300 in different parts of the FCT. In Kubwa,
Fuel scarcity looms as petrol marketers decries delay in N500bn claims
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned Nigerians of the looming fuel scarcity in the country on the back of the N500 billion claims the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) owes its members. Bashir Danmalam, chairman, IPMAN, Kano State chapter, said the failure of
Fuel pump price jumps by 91% in six years
The cost of fuel pump increased from N87 per litre as of December 2015 to N165.77 by December 2021, showing an increase of 90.54 per cent. This is according to the Fuel Pump Price Per Litre – Average (PMS) data from the Central Bank of Nigeria. The Nigerian National Petroleum
Fintechs to explore eNaira for investment options
There are indications Nigerians will be able to leverage eNaira for investment purposes in the near future even though the central bank digital currency (CBDC) was created solely for financial transactions. At the sensitisation and activation session with Oshodi market leaders, the Central Bank of Nigeria (CBN) team leader, Yusuf