Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL, “NNPCL/CNL JV, has said it has plans to further grow its business space in Nigeria’s Oil and gas industry. The co ...
Nigeria has the potential to produce about 1.15 million vehicles per year, thereby unlocking vast employment opportunities and significantly boosting the nation’s Gross Domestic Product (GDP), says stakeholders in the Nigerian automobile industry. ...
Shareholders of NEM Insurance Plc were rewarded for their loyalty as the insurer paid a dividend of 60 kobo per N1 ordinary shares, amounting to N3 billion total dividend in its 2023 financial year. Addressing shareholders at the firm’s 54th Annua ...
The Central Bank of Nigeria (CBN) has warned banks in the country against rejecting dirty and mutilated Naira notes, saying it will effectively sanction any bank that is found guilty of rejecting the banknotes. In a circular dated June 28, 2024, s ...
Ikeja Electric, IE, said it has adjusted its tariff following an order from the Nigerian Electricity Regulatory Commission, (NERC). This is as the tariff for Band A customers of Kaduna Electric have been reviewed upward from N206.80/kWh to N2 ...
Fidelity Bank Plc’s combined N127.1 billion rights and public offer have struck early success as enthusiastic shareholders mobilise to pick their pre-allotted shares and buy more stakes in the Bank. Shareholders said “they would pick their ri ...
The Bank of Industry (BoI) and the Jigawa State Government have signed a Memorandum of Understanding (MoU) to create a N6 billion MSME Growth Fund. This notable partnership was marked by the inauguration of BoI’s 33rd state office in Dutse. The loans ...
…As Nigeria's oil rig count rises to 34 in June The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed the successful completion of two of the International Oil Companies (IOCs) divestment of onshore assets in the co ...
Access Holdings Plc yesterday held a formal signing ceremony as part of the arrangements to raise a total of N351.009 billion by way of a rights issue to existing shareholders. The Offer is part of the Group’s strategy to enhance its working capit ...
Seeks protection of local industries against economic downturn President of the Dangote Group, Aliko Dangote, has criticised the Central Bank of Nigeria’s decision to raise interest rates to nearly 30 per cent. The foremost entrepreneur also ad ...
