In the early hours of Tuesday, August 1, 2023 some members of the local branch of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) barricaded the entrance of the head office of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), protesting what they term ‘escalating critical concerns...
BUSINESS
By TENEBE ANTHONIA, Lagos – Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported by insider dealings among...
By OLA MODUPE, Lagos – Executive Vice Chairman of the Nigerian Communications Commission, (NCC), Prof Umar Garba Danbatta, has advised businesses to adjust to the potentials of disruptive technologies which have been adopted across the globe for enhanced productivity and sustainability. He told industry leaders and Information...
Group Chief Executive Officer, Nigerian National Petroleum Company Ltd., Malam Mele Kyarsi, says the company will aggressively pursue its gas development and gas transportation projects. N Kyari said this on Monday in Lagos, while delivering a keynote address at the ongoing Society of Petroleum Engineers’ Annual International Conference and...
To reduce the biting effect of inflation caused primarily by the removal of subsidies from petrol, Nigerian banks have adjusted their employees’ salaries and wages, thus prioritising the welfare of their workforce. Recently, Wema Bank raised the salaries of its employees to alleviate the brutal effect of fuel...
Dangote Cement Plc has reported a robust pan-African performance for the half year ended June 30, 2023. This is contained in the company’s six months unaudited results obtained by the News Agency of Nigeria (NAN) on Sunday in Lagos. It shows that sales volume for pan-African operation...
Transnational Corporation Plc (Transcorp Group), Nigeria’s leading conglomerate with investments in Power, Hospitality and Energy sectors has announced its financial results for the first half of the year ended June 30, 2023, recording commendable growth across all its major indices. The Group achieved an...
Nigerian Breweries Plc has announced a revenue of N277 billion for the half year ended June 30, 2023.B The company made the disclosure in an unaudited and provisional results for the period signed by its Secretary, Mr Uaboi Agbebaku, on Saturday in Lagos. The revenue was higher when compared...
The International Monetary Fund (IMF) says global growth is projected to fall from 3.5 per cent in 2022 to 3.0 per cent in both 2023 and 2024. This is according to the IMF’s latest World Economic Outlook (WEO) Update Report for July 2023: “Near-Term Resilience, Persistent Challenges” released...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has disowned a fraudulent LinkedIn Account impersonating the person, and office of the Executive Vice Chairman (EVC), Prof. Umar Garba Danbatta. This is contained in a statement issued on Friday in Abuja by The Commission’s Director, Public Affairs,...
By DAVID IORJA, Abuja – President Bola Tinubu has expressed the willingness of the Federal Government of Nigeria to support global tech giant, Google Incorporated, to create one million digital jobs in Nigeria. The President gave the assurance at the State House, Friday evening during the...
Air Peace Airline has announced the expansion of its operations with the arrival of its inaugural flight in Lome, Togo on Friday. Capt. Godfrey Ogbogu, Safety Manager, Air Peace, revealed this in a statement on Friday in Lagos. He noted that the development would help in strengthening the economic ties with...
The African Export–Import Bank (Afrixembank) on Thursday in St Petersburg, Russia, announced a credit limit of 30 billion dollars to support African investors willing to exploit the opportunities in Russia. The President and Chairman Board of Directors of Afrixembank, Dr Benedict Oramah said this at the opening session...
The Nigerian Communications Commission (NCC), has warned cellphone sellers not to buy or sell non-type approved devices. The commission gave the warning on Thursday during a sensitisation programme at the GSM Village Abuja. NCC’s Deputy Director of Consumer Affairs Bureau (CAB), Dr Emilia Nwokolo, said there was...
The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture (JV), has unveiled three Host Communities Development Trusts (HCDTs) in Delta in line with the Petroleum Industry Act (PIA). Mr Osagie Okunbor, the Managing Director of SPDC Nigeria Ltd. and Chairman, Shell Companies in Nigeria stated this...
The Central Bank of Nigeria (CBN) on Wednesday said that its e-Naira policy was designed to complement the existing physical Naira and to provide a more efficient, secured, and accessible means of payment. Mr Haludu Andaza, Branch Controller, CBN, Bauchi said this on Wednesday, when the Apex bank took...
By CALLISTUS OFFOR, Abuja – The Nigeria Communications Commission (NCC), says it is not responsible for the regulation of the content of social media networks in the country. Executive Vice Chairman/CEO of the Commission, Prof. Umar Danbatta, stated this on Tuesday at the Public presentation of a new book,...
By CALLISTUS OFFOR, Abuja – The Lamido of Adamawa, Dr. Muhammadu Mustapha, has commended the Nigerian Communications Commission (NCC) on a range of its telecom consumer protection initiatives, including the recent Village Square Dialogue (VSD), which held at the weekend in Yola, Adamawa State. The Lamido of...
Avanti Communications (“Avanti”) has been named the market-leading high-throughput satellite capacity partner in sub-Saharan Africa for the second year running. The results, from the 20th edition of the NSR Satellite Capacity Supply & Demand Analysis reports that Avanti’s market share is now more than two times that of...