Business and Economy
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British High Commissioner visits Abia State, explores areas of economic partnerships
22 August 2024 The British High Commissioner, Dr. Richard Montgomery, visited Umuahia, Abia State between the 20th and 21st of August for…
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Capacity development: NIMASA committed to quality training for NSDP beneficiaries – Mobereola; Says ‘We’ll not submit to blackmail’
The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA has restated the Agency’s commitment to the Nigerian…
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CBN records $553m remittance inflows for July
By Kadiri Abdulrahman Abuja, Aug. 20, 2024 The Central Bank of Nigeria (CBN), says it recorded a significant increase in…
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NNPC Ltd is not paying subsidy – Ajiya
Chief Financial Officer of NNPC Ltd., Alhaji Umar Ajiya addressing the newsmen on Monday in Abuja By Emmanuella Anokam Abuja,…
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Bayelsa Govt received N10.8 bn from FG’s N570 bn grant to states, says official
By Nathan Nwakamma Yenagoa, Aug. 19, 2024 The Bayelsa Government said on Monday it received N10.8billion from the N570 billion…
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NNPC Ltd. declares N3.3trn profit for 2023 financial year
By Emmanuella Anokam Abuja, Aug 19, 2024 The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared N3.3 trillion profit…
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NCDMB, NLNG Commission Galvanizing Plant for Train 7 Project, Reaffirm commitment to Nigerian Content
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday commissioned the…
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Seized presidential jets: Chinese company, an impostor; No basis for negotiation – Ex- Gov. Amosun
Former Ogun state governor, lbikunle Amosun, has added a new twist to the dispute between a Chinese company, Zhongfu International…
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Afreximbank’s Creative Africa Nexus (CANEX) announces release of groundbreaking Extended Play (EP) “One Drum”
CAIRO, Egypt, August 16, 2024: The Marley family, Scorpion Kings, Sofiya Nzau, Flavour, and Olodum unite on Groundbreaking EP “One…
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FG grows foreign reserves by $4bn – Edun
Minister of Finance, Wale Edun By Kadiri Abdulrahman Lagos, Aug. 15, 2024 The Minister of Finance and Coordinating Minister of…
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Delay in crude supply to Dangote Refinery poses risk to Nigeria’s economy – EIU Report
The Economist Intelligence Unit (EIU) has issued a warning that further delays in crude oil feedstock to the Dangote Petroleum…
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Afreximbank signs project preparation facility agreement to support development of Veenocks porcelain tiles plant in Nigeria
CAIRO, Egypt, August 15, 2024 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed a project preparation facility agreement with Veenocks Limited…
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We have not fixed petrol price – Dangote Refinery
Dangote Refinery Lagos, Nigeria, has denied a report that it has fixed the price of its Dangote Premium Motor Spirit…
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Zenith Bank assures shareholders of no dilution in combined offering
By Rukayat Adeyemi Lagos, July 12, 2024 Zenith Bank Plc has reassured its shareholders that its existing shareholding will remain…
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Afreximbank, Uganda Development Bank sign project preparation financing agreement
CAIRO, Egypt, August 12, 2024 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Uganda Development Bank (UDB) have signed a Joint…
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SOL Temporary Staff Services will help businesses to thrive in Nigeria’s volatile economy – Ogunlowo
In the face of Nigeria’s challenging economic landscape, and with businesses seeking innovative solutions to stay agile and responsive, Strategic…
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Investors Scramble for Fidelity Bank’s Offers
Investors are literally scrambling for shares of Fidelity Bank Plc as the leading commercial bank’s capital raising continues to gather…
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Afreximbank to double intra-African trade financing to $40 billion by 2026
ABUJA, Nigeria, August 9, 2024 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) plans to double its financing of intra-African trade from US$20…
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NCDMB joins African Energy Week 2024 as platinum sponsor, Local Content partner to boost capacity building
CAPE TOWN, South Africa Throughout its 14-year history, social enterprise and development institution, the Nigerian Content Development and Monitoring Board…
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Unlocking immense value in Zenith Bank’s Hybrid Rights Issue and Public Offer
Zenith Bank Plc, in a significant move to meet the Central Bank of Nigeria’s (CBN) new minimum capital requirement of…
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CBN reaffirms commitment to provide liquidity support to FX markets
ABUJA In the latest testament to the Central Bank of Nigeria’s (CBN) ongoing commitment to support the proper functioning of…
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Half Year: Veritas Kapital’s post-tax profit up 630% to N4.91bn
By Rukayat Adeyemi Lagos, Aug. 7, 2024 Veritas Kapital Assurance Plc has recorded a profit after tax of N4.91 billion…
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Economic sabotage: Count us out – NNPC Ltd
The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of…
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CBN approves financial accommodation for Unity Bank, Providus Bank merger
The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between…
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Rating: GCR affirms Dangote Industries Limited AA+(NG)/ A1+(NG)
….Strong earnings prospects from the new refinery GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings…
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