Access Holdings Plc says its subsidiary, Access Bank Plc, is in the process of acquiring the entire issued share capital of National Bank of Kenya Ltd. (NBK). The bank’s Company Secretary, Mr Sunday Ekwochi, said this in a notification sent to the Nigerian Exchange Ltd.(NGX) on Wednesday in...
BUSINESS
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of s$7 billion have now been settled, fulfilling a key pledge of its Governor, Mr. Olayemi Cardosoo. In a statement on Wednesday, the apex bank’s Acting Director, Corporate Communications, Mrs Hakama Sidi Ali, in...
FirstBank of Nigeria Ltd., has rewarded six customers across the nation with a million Naira each in the 4th and final edition of its “Win Big Promo” draw, which started on Oct. 23, 2023. The News Agency of Nigeria (NAN) reports that the promo climaxed on...
The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N263.76 in February 2023 to N679.36 in February 2024. The bureau said this in its Petrol Price Watch for February 2024, released in Abuja on Wednesday. It said that the...
• As experts warn that anthropogenic sources account for 60% methane emissions Concerned stakeholders in the environment protection space have expressed alarm that more than fossil fuel, that human-induced or anthropogenic methane emissions, have emerged as the new threat to Nigerians. Rising from a seminar in Port Harcourt, Rivers...
The Group Chief Executive Officer and Managing Director, Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr Mele Kyari, has advocated a different approach towards attaining energy transition for the African continent. Kyari also said the Final Investment Decision (FID) on the 25 billion dollars Nigeria Morocco Gas...
Zenith Bank Plc on Tuesday announced the appointment of Dr Adaora Umeoji as its Group Managing Director/Chief Executive Officer (CEO), effective June 1. This was disclosed in a notification sent to the Nigerian Exchange Ltd. (NGX) by the bank’s Company Secretary, Mr Michael Otu. Otu said that the...
Consumer goods giant Unilever has announced plans to cut around 7,500 jobs globally as part of an overhaul aimed at saving around 684 million euros (869 million dollars) over the next three years. The Marmite-to-Dove soap firm said the jobs affected were largely office-based and the move came...
By TYAV SAM TYAV, Makurdi – About fourteen (14) trucks loaded with Ilmenite (Titanium-Iron Oxide), mined from Kwande local government area of Benue State have been impounded by the Benue State Internal Revenue Service (BIRS). A statement, by the Media Assistant to the Acting Executive Chairman of the...
By CALLISTUS OFFOR, Abuja – Nigerian Communications Commission (NCC) has said the voice and data services affected by the cable cuts have been restored. The Commission’s Director of Public Affairs, Dr Reuben Muoka, stated this in a statement issued on Monday in Abuja. Muoka said that services were restored,...
The Nigerian Exchange Ltd.(NGX) market capitalisation on Monday closed on a negative note, losing N239 billion. Specifically, the market capitalisation which opened at N59.416 trillion, lost 0.40 per cent or N239 billion to close at N59.177 trillion. Similarly, the All-Share Index also declined by 0.40 per cent...
Trading in top three equities namely: Transnational Corporation (Transcorp), Guaranty Trust Holding Company (GTCO) and Access Holdings contributed significantly to the stock market’s upward performance in the week ended. Specifically, a total equity turnover of 1.773 billion shares worth N52.867 billion in 44,713 deals were traded in the...
The Nigerian Exchange Ltd.(NGX) extended gains on Friday, causing investors’ wealth to grow further by N582 billion due to buy interest on the nation’s bourse. Specifically, investors gained N582 billion in value as market capitalisation grew to N59.416 trillion from N58.834 trillion recorded on Thursday. Consequently, the All-Share...
The Nigerian Communications Commission (NCC) has restated its commitment to uphold the rights of telecom consumers, saying they occupy important positions in the telecommunications ecosystem in Nigeria. Executive Vice-Chairman (EVC) of the Commission, Aminu Maida, represented by the Executive Commissioner-designate, Technical Services, Abraham Ogbadami, said this on Friday...
Nigeria’s headline inflation has moved to 31.70 percent in February, according to the latest data by the National Bureau of Statistics (NBS). The NBS released the figure on Friday afternoon with the latest data a rise from the 29.90 percent recorded in January 2024. More to follow…
By MBAFAN ADE, Abuja – The Senate has dismissed media reports claiming that it will expose all “frauds associated with the contracts and management of the Turn Around Maintenance of the nation’s refineries”. A news report last week claimed that the Senate through its Ad-hoc Committee on Investigation of...
By CALLISTUS OFFOR, Abuja – A combination of cable cuts, resulting in equipment faults on the major undersea cables along the West African Coast, have negatively impacted data and fixed telecom services in several countries of West Africa, including Nigeria, Ghana, Senegal, Cote de Ivoire, among others. The Nigerian...
The Group Chief Executive Officer, Nigerian National Petroleum Corporation Ltd (NNPCL), Mr Mele Kyari, on Thursday said the Port Harcourt refinery would begin production by end of March. Kyari said this after a meeting with the Senate Ad-hoc Committee, investigating the various Turn Around Maintenance (TAM) projects...
The National Bureau of Statistics (NBS), said the aggregate Value Added Tax (VAT) stood at N1.20 trillion in Q4 2023. This is according to the VAT Q4 2023 report released in Abuja on Thursday. The report shows a growth rate of 26.61 per cent on a quarter-on-quarter basis...
An Energy expert, Prof. Billy Okoye has unveiled `AptFuel Technology’, an application capable of navigating and accessing availability, prices and ratings of petroleum products at fuel stations nationwide. Okoye, Coordinator, Oil, Gas and Energy Marketing, University of Abuja Business School, and a former Group Executive Director, Nigerian National...