The domestic bourse on Tuesday maintained a downward trend for the fourth consecutive session, causing investors to lose N114 billion. Selloffs in Guaranty Trust Holding Company (GTCO), Zenith Bank, FBN Holdings, Access Corporation, Ikeja Hotel, May & Baker, and RT Briscoe, among other declining equities, drove the...
BUSINESS
Access Holdings Plc on Tuesday encouraged its shareholders to participate in the group’s rights issue offer, aiming to strengthen its bond with them. Mr Aigboje Aig-Imoukhuede, Chairman of Access Holdings, stated this at the group’s “Facts Behind The Rights Issue” presentation to the capital market community at...
By MBAFAN ADE, Abuja – The appointment of Jude Chiemeka as the Chief Executive Officer (CEO) of the Nigerian Exchange Limited (NGX) has continued to generate widespread acclaim from industry professionals, who believe his extensive experience and proven leadership qualities will drive NGX towards sustained success. Chiemeka,...
The Nigeria Hotel Association (NHA) on Tuesday urged the Federal Government to reintroduce fuel subsidy payment to marketers to allow hoteliers remain in business. Patrick Anyanwu, National President of NHA, made the call in a telephone interview with the News Agency of Nigeria (NAN) on Tuesday. According to...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said fuel stations are to operate longer hours for supply and distribution of petrol, calling on fuel stations to aid availability in view of the current tight situation. The NNPC Ltd. says the turnaround period of PMS trucking is...
By MBAFAN ADE, Abuja – The current fuel queues in the FCT and some parts of the country is as a result of the disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol. Chief Corporate Communications Officer, Nigerian National Petroleum Company Limited (NNPC Ltd.).,...
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...
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...