Business and Economy
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Dangote Refinery disowns IPMAN; Insists it can meet Nigeria’s petroleum products demand
The Dangote Petroleum Refinery has denied receiving any payments for refined petroleum products from the Independent Petroleum Marketers Association of…
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NLNG appoints Horsfall as GM External Relations
By Yunus Yusuf Lagos, Oct. 30, 2024 Nigeria Liquified Natural Gas (NLNG) has appointed Sofia Horsfall as its General Manager,…
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Naira depreciates against dollar
By Grace Alegba Lagos, Oct. 30, 2024 The Naira on Wednesday slightly depreciated at the official market, trading at N1,631.17…
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CANEX WKND 2024 concludes in Algiers with over US $540 million in deals committed
ALGIERS, Algeria, October 28, 2024 The second edition of the Creative Africa Nexus Weekend (CANEX WKND 2024) has drawn to…
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Afreximbank announces Investment Conference in Kisumu, Kenya to strengthen sub-sovereign participation in intra-African trade
CAIRO, Egypt, October 28, 2024 In a bid to strengthen the role of Africa’s sub-sovereign governments in driving intra-African trade…
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NGX set to list N11.98bn Halden McCall shares by introduction
By Rukayat Adeyemi Lagos, Oct. 28, 2024 The Nigerian Exchange Ltd. (NGX) has approved the listing of N11.98 billion ordinary…
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Dangote backs Tinubu’s CNG drive, invests over $280m in trucks, infrastructure
…. Becomes the largest operator of CNG trucks in Nigeria In a demonstration of its support for President Bola Ahmed…
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NCDMB to sponsor new R&D projects, as Triple Helix Nigeria unveils vision
The Nigerian Content Development and Monitoring Board (NCDMB) has signaled plans to support new research and development projects as part…
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Stanbic IBTC Insurance CEO, Akinjide Orimolade to Keynote Business Journal Annual Lecture 2024
Mr. Akinjide Orimolade, Managing Director/CEO, Stanbic IBTC Insurance Limited is the Keynote Speaker for the Business Journal Annual Lecture 2024 coming up…
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When NCDMB, Shell JV Partners donated Engineering Studio, ICT Hub to FUTO
The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company (SPDC), with its joint venture (JV) partners,…
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CBN strengthens diaspora ties to boost Nigeria’s economic growth
HOUSTON (TEXAS) In a strategic move to harness the economic potential of Nigeria’s diaspora, the Central Bank of Nigeria (CBN)…
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Rising FDI signals opportunities for insurance industry – NIA Chairman
By Rukayat Adeyemi Lagos, Oct. 23, 2024 Mr. Kunle Ahmed, Chairman of the Nigerian Insurance Association (NIA), says the recent…
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Tinubu meets, thanks NIPCO executives for investments in CNG sector
President Bola Tinubu has thanked NIPCO for investing in Nigeria’s Compressed Natural Gas (CNG) sector during a meeting with the…
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Nigeria’s cross-border traders receive training to boost trade facilitation
By Rukayat Adeyemi Lagos, Oct. 22, 2024 Two hundred small-scale cross-border traders (SSCBTs) in Nigeria on Monday completed a six-week…
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President Tinubu, Nigerians Deserve Transparency on Subsidy Savings By Bukar Mohammed
President Bola Ahmed Tinubu, there is an urgency that can not be overstated— the need to show Nigerians tangible results…
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NGX: Investors gain N123bn as bullish sentiment persists
By Rukayat Adeyemi Lagos, Oct. 22, 2024 The Nigerian stock market on Tuesday sustained bullish sentiment with N123 billion added…
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Afreximbank acts as Joint Lead Manager on Ecobank Transnational Incorporated’s USD 400mn senior unsecured note issuance
CAIRO, Egypt, October 21, 2024 African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) has announced that it has successfully acted as Joint Lead…
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Cardoso restates CBN’s commitment to youth development
ABUJA The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s commitment to developing…
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NNPC retail sensitizes over 1,000 auto mechanics on CNG adoption, Oleum lubricant range
As part of its efforts to accelerate the adoption of Compressed Natural Gas (CNG) as a cleaner and more affordable…
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NNPC-CNL Joint Venture successfully drills the Meji NW-1 Well
Lagos, October 18, 2024: The NNPC Limited – Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has made a near-field discovery…
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Naira among worst-performing currencies in Africa – World Bank Report
The Nigerian Naira is one of the weakest currencies in sub-Saharan Africa as of the end of August 2024, according…
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Nigeria’s $1trn economy achievable with key policies, says analyst
By Rukayat Adeyemi Lagos, Oct. 16, 2024 A financial analyst, Mr. Oluwaseyi Odufuwa, says Nigeria’s ambition to build a one-trillion…
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Sustainability: Dangote Cement commits to Carbon Emission education for business optimisation
.…Feeds vulnerable communities, empowers children, widows As part of activities marking the 2024 Global Sustainability Week, leading Cement manufacturer, Dangote…
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Transcorp Power Plc reports strong Q3 2024 performance, with 153% revenue growth, 198% increase in profits
Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, has announced its financial results for the third quarter…
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Why we listed N4.34bn shares on NGX – Aradel Holdings; Listing lifts market capitalisation up by N3.42bn
By Rukayat Adeyemi Lagos, Oct. 14, 2024 Aradel Holdings Plc, on Monday, said it listed on the Main Board of…
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