Local Dangote backs NUPRC on domestic crude supply guidelines Jul 18, 2024 0 Dangote Industries Limited (DIL) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for!-->…
Business Chappal Energies acquires Total E&P 10% stake in SPDC Jul 18, 2024 0 Chappal Energies announced the acquisition of a 10% non-operated interest from Total Energies, EP, Nigeria!-->…
Business Nigeria, Africa Lose $50 Billion Annually to Illegal Financial Outflows Jul 18, 2024 0 According to Pius Akutah, Executive Secretary/CEO of the Nigerian Shippers’ Council (NSC), Africa loses over $50!-->…
Market Petrol landing cost now N1,117/litre – Marketers Jul 18, 2024 0 The Major Energies Marketers Association of Nigeria (MEMAN) revealed that as of July 16, 2024, the landing cost!-->…
Business Sterling Bank, Lagos partner on ‘Ilera Eko’ health initiative Jul 18, 2024 0 Sterling Bank Limited has teamed up with the Lagos State Government through the Lagos State Health Management!-->…
Local Lagos State Govt Through IBiLE Holdings Partners With CIG Motors on LagRide Jul 17, 2024 0 Lagos State Government and IBILE Holdings Limited partners with CIG Motors to expand LAGRIDE’s Smart Mobility and!-->…
Business Customs To Check Illegal Importation Of Firearms With Advance Ruling System Jul 16, 2024 0 The Comptroller General of Customs (CGC), Wale Adeniyi, announced that the new Advance Ruling System by the!-->…
Business PH Refinery Takes Delivery Of 1m Barrel Of Crude, Gets License For Take-Off Jul 16, 2024 0 The Old Port Harcourt Refinery has received one million barrels of crude oil from the Nigerian National Petroleum!-->…
Local Jaiz Bank Targets N70bn Capital Base By End 2024 Jul 16, 2024 0 Jaiz Bank, an Islamic and non-interest financial institution, is expected to achieve a N70 billion capital base by!-->…
Business Inflation Soars to 34.19% in June, Food Prices Drive Increase Jul 16, 2024 0 The National Bureau of Statistics reported that the headline inflation rate in Nigeria rose to 34.19% in June.!-->…
Business FG Inaugurates More CNG Conversion Centres In Abuja Jul 16, 2024 0 The Presidential Compressed Natural Gas (CNG) Initiative has opened conversion centres in Abuja to accelerate the!-->…
Business Nigeria Loses N13.7trn To Illegal Mining Annually – Reps Jul 16, 2024 0 The House of Representatives Committee on Solid Minerals announced that Nigeria loses $9 billion annually due to!-->…
Business FIRS Seals AEDC Headquarters Over Tax Dispute Jul 16, 2024 0 The Federal Inland Revenue Service (FIRS) sealed the headquarters of the Abuja Electricity Distribution Company!-->…
Business Jumia Connects Over 11,000 SMEs to Millions of Consumers Across Africa Jul 16, 2024 0 Jumia, an e-commerce platform, has connected over 11,000 Small and Medium Enterprises (SMEs) to millions of!-->…
Energy FG, USAID partner on $75 million for energy transition Jul 16, 2024 0 The U.S. Agency for International Development (USAID) and the Federal Ministry of Power have signed a memorandum!-->…
Technology Cornerstone Embraces Technology, Restructures to Achieve Significant Growth Jul 16, 2024 0 Cornerstone Insurance Plc has implemented a series of reforms aimed at enhancing service delivery, including!-->…
Currency Naira’s stability pinned on sustained dollar sales by CBN Jul 16, 2024 0 Analysts predict that the stability of Nigeria's currency, the naira, will hinge on the Central Bank of Nigeria!-->…
Energy China plans low-carbon upgrades for coal power sector Jul 16, 2024 0 China has unveiled a government plan aimed at significantly reducing carbon emissions from its coal-fired power!-->…
Energy Oil falls on lingering demand concerns in China Jul 16, 2024 0 Oil prices retreated on Tuesday amid concerns over a slowing Chinese economy impacting demand, despite!-->…
Finance Thailand’s Energy Absolute share prices plunge after resumption of trading Jul 16, 2024 0 Energy Absolute (EA.BK), a leading Thai renewable energy firm, saw its share prices plummet by nearly 30% during!-->…
Local Deutsche Bank’s profit streak at risk as Postbank lawsuit looms Jul 16, 2024 0 Deutsche Bank (DBKGn.DE) is anticipated to report a loss for the second quarter, marking an end to its streak of!-->…
Energy Dangote Refinery to Start Petrol Sales in August 2024 Jul 15, 2024 0 At a press briefing in Lagos, Dangote announced that his refinery will begin selling petrol directly to marketers!-->…
Business High yields force firms to reduce bond issuance by 98% Jul 15, 2024 0 The value of corporate bonds issued by Nigerian companies plummeted by 98 percent between Q4 2022 and Q1 2024 due!-->…
Business NNPC holds 7.2% stake in Dangote Refinery, not 20% – Aliko Dangote Jul 15, 2024 0 Aliko Dangote has clarified that the Nigerian National Petroleum Company (NNPC) now holds a 7.2% stake in the!-->…
Business Banks’ Credits To Private Sector Grow By N30tr In One Year Jul 15, 2024 0 Determined to bolster the private sector, Nigerian commercial banks have increased lending by about N30 trillion,!-->…
Breaking Kaduna DisCo Gets New Owners Jul 15, 2024 0 ASI Engineering Limited (ASI) has announced the acquisition of a 60% equity stake in the Kaduna Electricity!-->…
Finance Consumer spending down as Nigerians remain gloomy on economy Jul 15, 2024 0 Nigerians reduction in purchasing power have led to a decline in electronic payment transactions and this has been!-->…
Finance Equity market down as investors eye inflation, H1 earnings reports Jul 15, 2024 0 The Nigerian Exchange (NGX) experienced continued declines last week due to profit-taking and sell pressure on!-->…
Finance Zenith Bank set to unveil capital-raising drive Jul 15, 2024 0 Zenith Bank Plc is preparing to finalize its capital raising efforts to meet the Central Bank of Nigeria's new!-->…
Energy P’Harcourt refinery undergoes licensing, minister defends rehabilitation exercise Jul 15, 2024 0 The Port Harcourt Refining Company has completed mechanical work and received crude oil, but its operational start!-->…