Tesla shares sunk in early trading on Tuesday after founder Elon Musk cast doubt on a deal to supply Hertz with rental cars. The Hertz announcement last week of an agreement for Tesla to supply the car rental firm with 100,000 of its electric autos helped push Musk’s company...
BUSINESS
By MBAFAN ADE – Global energy company, Shell, has announced a new business line in Nigeria to expand natural gas marketing and sales to meet the rapidly growing energy needs of wholesale customers and provide more and cleaner energy solutions in the country. Building on the success of Shell Nigeria...
Some financial analysts have urged the Central Bank of Nigeria (CBN) to ensure enhanced enlightenment campaign for the masses to embrace the eNaira digital currency to boost financial inclusion. They said this in separate interviews with the News Agency of Nigeria (NAN) in Lagos on Tuesday. NAN reports that...
Zenith Bank Plc has posted a Profit Before Tax (PBT) of N180 billion, for the nine months ended Sept. 30, amid headwinds, the Group’s unaudited nine months financial results presented to the Nigerian Exchange (NGX) Limited, on Sunday, in Lagos, has indicated. The PBT reflected a 1 per cent...
The Nigerian National Petroleum Company Limited (NNPC) started the week with the commendation of stakeholders in the nation’s political and industrial sectors on the successful activation of the Petroleum Industry Act (PIA 2021). It would be recalled that the Act was signed into law by President Muhammadu Buhari on...
By TENEBE ANTHONIA, Lagos – Okomu Oil Palm Company Plc has posted a turnover of N31.04 billion for the nine months ended Sept. 30. This is contained in the company’s interim financial statement for the period signed by the acting Managing Director, Mr Arnaud Arhainx, which was posted on...
The Financial Technology Association of Nigeria (FinTechNGR) is targeting one million students and other individuals over the next five years, toward boosting the fintech sector. The President of the association, Mr Ade Bajomo, made this known in Lagos at the fifth edition of the Nigeria Fintech Week. Bajomo said...