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Day: May 26, 2023

NBET and Transcorp Sign 726MW Power Purchase Agreement.
BusinessEnergy

NBET and Transcorp Sign 726MW Power Purchase Agreement.

Transcorp Power, the mother company of TransAfam Power Plant Ltd, and Nigerian Bulk Electricity Trading (NBET) inked a power purchase…

byakintundeMay 26, 2023May 26, 2023
Emefiele expresses concern about poor crude production.
Local

Emefiele expresses concern about poor crude production.

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has called for a collaborative effort to increase crude…

byakintundeMay 26, 2023May 26, 2023
The CBN disburses N173 billion under the 100-for-100 program.
Local

The CBN disburses N173 billion under the 100-for-100 program.

Since the start of the intervention, the Central Bank of Nigeria has distributed N173.31 billion to recipients under its 100-for-100…

byakintundeMay 26, 2023May 26, 2023
Rate Hike: Expect increased prices, say MAN and NECA, warning the CBN.
Business

Rate Hike: Expect increased prices, say MAN and NECA, warning the CBN.

According to the Manufacturers Association of Nigeria and the Nigeria Employers’ Consultative Association, the Central Bank of Nigeria’s recent rise…

byakintundeMay 26, 2023May 26, 2023
Kano Gold Souk will draw more international investors – FG.
Business

Kano Gold Souk will draw more international investors – FG.

The Permanent Secretary of the Federal Ministry of Mines and Steel Development, Dr Oluwatoyin Akinlade, has revealed that the Kano…

byakintundeMay 26, 2023May 26, 2023
NGX: Total FGN Savings Bond Allotments Increase to N5.06bn in Five Months.
Local

NGX: Total FGN Savings Bond Allotments Increase to N5.06bn in Five Months.

According to the Nigerian Exchange Limited (NGX), total allotments for FGN Savings Bonds increased to N5.06 billion in the first…

byakintundeMay 26, 2023May 26, 2023
NNPCL, CNOOC, and SAPETRO renew oil production contracts in OML 130.
BusinessCommodities

NNPCL, CNOOC, and SAPETRO renew oil production contracts in OML 130.

The Nigerian National Petroleum Company Limited announced the renewal of the Oil Mining Lease 130 Production Sharing Contract and conversion…

byakintundeMay 26, 2023May 26, 2023
The NDDC acknowledges the Senate for adopting the N876 billion budget.
Business

The NDDC acknowledges the Senate for adopting the N876 billion budget.

The Niger Delta Development Commission has praised the House of Representatives for clearing the commission’s N876 billion budget for the…

byakintundeMay 26, 2023May 26, 2023
African subsidiaries account for half of UBA’s earnings – CEO.
Banking

African subsidiaries account for half of UBA’s earnings – CEO.

United Bank for Africa Plc has reported that all of its African businesses are now on solid ground, adding significantly…

byakintundeMay 26, 2023May 26, 2023

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