By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29million receipt from crude oil and gas export in August 2021 as against $191.26million in July 2021. A breakdown of the figures captured in the August 2021 NNPC Monthly Financial and Operations Report...
BUSINESS
By JOY ADARA, Abuja – Jaiz Bank Plc, the Premier Non-Interest Bank in Nigeria has released its unaudited financial results for the period ended 31 December 2021. The results as released to the Nigerian Exchange Group, showed a 37.17% growth in Profit Before Tax (PBT), from N3.07 billion in...
By EZEKIEL OBI, Abuja – The National Council on Privatisation (NCP) has granted approval to Orbit Exploration and Natural Products Limited (OENPL) to take over the mineral titles of Ogboyega North and South Coal Blocks, Mines number 769 & 772 ML from Western Metal Products Company (WEMPCO). A statement...
Google on Tuesday announced the expansion of its two-step verification (2SV) process auto enrolments for log-ins to enhance account security of its users and ensure safer Internet when online. This is in commemoration of the World’s Safer Internet Day to keep internet users safe online. The News Agency of...
Aviation industry’s Associations/Unions have suspended a nationwide industrial action billed to commence Feb. 8. Sen. Chris Ngige, Minister of Labour and Employment, said this while briefing newsmen at the end of a conciliation meeting in the early hours of Tuesday in Abuja. It will be recalled that the aviation...
In furtherance of its appreciation of customers, whilst promoting the adoption of mobile payment solutions in the country, FirstBank is rewarding holders and customers of its branded Visa Gold card in its ongoing Visa Gold card. The promo which will have over 300 Visa Gold cardholders rewarded during the...
The Federal Government has started moves to avert the impending nationwide strike by aviation workers. Sen. Chris Ngige, Minister of Labour and Employment, said this at a meeting with the officials of the Ministry of Aviation and the aviation workers unions on Monday in Abuja. It would be recalled...
The Nigeria National Petroleum Company (NNPC) Limited had a busy week following the award of honourary doctorate degree on its Group Managing Director (GMD) and Chief Executive Officer (CEO), Malam Mele Kyari. The award was bestowed on the awardee by Federal University of Technology (FUT), Minna. Other prominent Nigerians...
By JOY ADARA, Abuja – Leading energy company, Shell Nigeria Gas (SNG), has received accolades from industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for deliberate and active investment in Nigeria’s critical gas infrastructure to supply gas for powering industries in key locations in the country. The Chief...
By OLA MUDOPE, Lagos – Nigeria’s largest airline, Air Peace has announced its readiness to resume direct scheduled flights to Dubai, United Arab Emirates on March 1. The airline’s spokesperson, Mr Stanley Olisa, whi disclosed this in a statement on Friday in Lagos, said the airline was also set...
The NNPC Ltd. has commended Mohammad Barkindo, Secretary-General, Organisation of Petroleum Exporting Countries (OPEC) on the role he played in the formation of Declaration of Cooperation (DoC) between OPEC member countries and non-OPEC oil-producing countries. The NNPC gave the commendation on Thursday when OPEC Secretary-General, hosted a working lunch...
First Bank of Nigeria Ltd. says it will reward over 300 holders and customers of its branded Visa Gold card at the ongoing Visa Gold card campaign scheduled to end March 25. Mr Chuma Ezirim, the bank’s Group Executive, e-Business and Retail Products, said this in a statement made...
By EZEKIEL OBI, Abuja – The Federal Government has approved the resumption of scheduled passenger flights between Nigeria and the United Arab Emirates (UAE). The Director-General of Nigerian Civil Aviation Authority NCAA, Captain Musa Nuhu, disclosed this this in a communique issued on Wednesday. According to the communique: “Consequently,...
Dana Air has launched a valentine promo titled – ”Vibe for Love” to reward customers for their short trips to local attractions from February till mid- March, 2022. Mr Kingsley Ezenwa, the Media and Communications Manager of Dana Air, announced this in a statement on Wednesday in Lagos. Ezenwa...
Dangote Peugeot Automobiles Nigeria Limited has started assembling vehicles in Nigeria, beginning with the Land Trek, 3008, 5008 and the new 508. The vehicles are being built at the newly built Green Field Assembly Plant in Nigeria’s northwestern region. Dangote Peugeot Automobiles Nigeria Limited (DPAN) has started assembling vehicles...
Mr Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) has urged rice mills in the country to embrace CBN’s backward integration initiatives aimed at conserving foreign exchange reserves. Information obtained from CBN’s website indicates that Emefiele made the call on Tuesday, during the inauguration of Garewa...
Ethiopian Airlines on Tuesday resumed flying Boeing 737 MAX plane with opinions divided on the airline’s first flight using the model since a crash three years ago forced regulators to ground the fleet globally. In March 2019, a flight to Nairobi crashed in a field six minutes after take-off...
By JOY ADARA, Abuja – The management of Arik Airline has increased the frequencies on some of its key Northern routes to cope with customers’ demands. The Chief Executive Officer, Arik Air, Capt. Roy Ilegbodu, who disclosed this in a statement in Lagos on Tuesday, said the affected routes...
The Central Bank of Nigeria (CBN) on Monday gave out N23.2 billion in loans to 28 beneficiaries, as it inaugurated its new “100 for 100” Policy on Production and Productivity (PPP). The News Agency of Nigeria (NAN) reports that the PPP was initiated by the apex bank to encourage...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX) on Monday announced the listing of the Federal Government of Nigeria (FGN) $4,000,000,000 FGN Eurobonds on its platform. The Eurobonds were issued in three tranches as follows: 6.125% FGN SEP 2028 worth $1,250,000,000.00; 7.375% FGN SEP 2033 worth $1,500,000.00; and...