The Securities and Exchange Commission (SEC) has approved the commencement of the N351 billion rights issue capital raising programme of Access Holdings Plc. A statement made available by the Holdings to newsmen on Sunday in Lagos confirmed this. The group said that the approval marked a significant...
BUSINESS
The value of transactions on the Nigerian Exchange Ltd. (NGX) dropped by 15 per cent during the week, resulting in a loss of N21 billion for investors compared to the previous week. Specifically, a total turnover of 2.259 billion shares worth N31.166 billion in 42,851 deals was...
MTN Foundation (MTNF) has said since 2007, it has sponsored a total of 457 students on two-year training at the Musical Society of Nigeria (MUSON). The foundation said that in spite of the challenging economic situation, it had and would continue to support the development of youths due...
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has commissioned three newly- acquired 80 tonnes bollard-pull tugboats to enhance the berthing of vessels at the Dangote Refinery and Lekki Deep Seaport. Oyetola said during the inauguration in Lekki on Thursday that the three tugboats were christened MT...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has commissioned 12 Compressed Natural Gas (CNG) stations across Abuja and Lagos State to provide cheaper and cleaner fuel to Nigerians. The News Agency of Nigeria (NAN) reports that the Minister of State for Petroleum Resources (Gas), Mr Ekperikpe...
The Nigerian Exchange Group Plc (NGX Group) on Thursday confirmed the appointment of Mr Jude Chiemeka as the Chief Executive Officer of Nigerian Exchange Ltd. (NGX), its operating exchange subsidiary, effective July 1. NGX, in a statement made available to newsmen in Lagos, said the appointment was sequel...
The Nigerian National Petroleum Company (NNPC Ltd.), has said the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has commenced and is irreversible. Group Chief Executive Officer, NNPC Ltd, Malam Mele Kyari, said in addition to the massive deployment of CNG stations nationwide, the company and...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given 48 hours deadline to new investors for registration of the 2024 oil block licensing bid round. The CEO of NUPRC, Mr Gbenga Komolafe made this known on Wednesday at the 23rd 2024 Nigerian Oil and Gas Energy Conference (NOG)...
The Federal Government has unveiled a new financial inclusion policy aimed at transforming Nigeria into a one trillion dollar economy by 2030. According to the Presidency, the project is designed to combat poverty and catalyst sustainable economic growth from the ground up. Vice President Kashim Shettima who unveiled...
Niger State Governor, Mohammed Bago has said the state recorded N3.5 billion internally- generated revenue (IGR) in May. Bago stated this on Wednesday in Suleja, Niger, at the 155th meeting of Joint Task Board (JTB), with the theme: “Post Reform: Repositioning Revenue Authorities for Effective and Efficient Tax...
In today’s digital age, LinkedIn has emerged as the premier platform for professionals and businesses to connect, engage, and grow. As we move into 2024, leveraging LinkedIn effectively can position your business among key decision-makers, driving significant growth and opportunities. This article will guide you through the best...
The Nigerian National Petroleum Company Limited (NNPC) Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry. The NNPC Ltd has also called on all players in the industry to collaborate towards reducing the cost of oil production and boosting production to...
The President, Dangote Industries Ltd, Alhaji Aliko Dangote, has identified solutions to sustaining existing local and foreign investments as well as attracting new investors into the country. Dangote gave the solutions in a keynote speech delivered at the opening of a three-Day Nigeria Manufacturers Summit with the theme,”...
The Nigerian Railway Corporation generated N1.42 billion as revenue from passengers in Q1 of 2024, the National Bureau of Statistics (NBS) has said. This is contained in the NBS Rail Transportation Data for Q1 2024 released in Abuja on Monday. The report showed that the figure increased by...
The need to secure the future of the petroleum industry in Africa has triggered a concerted move to stem forum shopping in the continent by smart operators, through effective collaboration, knowledge sharing and promotion of global best practices across countries of the continent. On the sidelines of the...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has urged Non-Bank Financial Institutions (NBFI) in the West African Monetary Zone (WAMZ) to strengthen anti-money laundering practices. Cardoso said this on Monday in Abuja, in his keynote address at the 10th Meeting of the College of...
The Nigeria Deposit Insurance Corporation (NDIC) has said the account names discrepancies in Bank Verification Number (BVN) linked alternate account of some defunct Heritage Bank customers is delaying the payment of their insured deposits. Mr Bello Hassan, the Managing Director of NDIC told the News Agency of Nigeria...
By MBAFAN ADE, Abuja – The NNPC Retail Limited has debunked a viral video on social media (specifically on X) depicting a fuel pump attendant at one of our filling stations requiring customers to purchase lubricants or engine oil in order to buy Premium Motor Spirit (PMS), also known...
MTN Nigeria on Saturday announced the construction of its West African largest data centre, a facility with a 1,500-rack and Tier 4 data centre within the country. The News Agency of Nigeria (NAN) reports that a Tier 4 data centre is built to be completely fault-tolerant, has redundancy...
By MBAFAN ADE, Abuja – A total of 2,659 members of the National Youth Service Corps (NYSC) across Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise. Billed to hold from July 2nd to 10th, 2024, the exercise is an integral part of...