Naira loses 5.3% against dollar at official market
The Naira on Tuesday depreciated at the official market, trading at N1,300.15 to the dollar. Data from the official trading platform of the FMDQ […]
BUSINESS
Equity market declines with N200bn loss
Trading activities on the floor of the Nigerian stock market on Tuesday declined, making investors to lose N200 billion. Specifically, the market capitalisation shed […]
Dangote further reduces diesel, aviation fuel prices to N940 and N980 per litre
Dangote Petroleum Refinery has announced a further reduction in the prices of diesel and aviation fuel to N940 and N980 per litre, respectively. The […]
FG recovers N57bn debt from 10 MDAs – Official
The Director, Special Projects, Federal Ministry of Finance, Aisha Omar, has said the ministry has so far recovered N57 billion from the N5.2 trillion […]
FG urged to sustain 37.50bn barrels oil reserves
An oil expert, Mr Joe Nwakwue, has commended the Federal Government for the significant achievement in growing the oil reserves to 37.50 billion barrels. […]
NNPC Ltd, partner unlock 12,000bpd production from Awoba Unit Field
By MBAFAN ADE, Abuja – Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the […]
Naira loses 6% against dollar at official market
The Naira on Monday slightly depreciated at the official market, trading at N1,234.49 to the dollar. Data from the official trading platform of the […]
Olusegun Alebiosu appointed as new FirstBank MD/CEO
The Board of Directors of First Bank has announced Segun Alebiosu, Executive Director and Chief Risk Officer of First Bank, as the acting Managing […]
NNPC boss, Mele Kyari bags Energy Times’ GCEO of the Year Award
…Pledges to Transform Nigeria into a Gas-powered Nation…. By JOY ADARA, Abuja – Group Chief Executive Officer, NNPC Ltd, Mr. Mele Kyari has been honoured […]
Naira will continue to appreciate against dollar – Shettima
Vice President Kashim Shettima has expressed optimism that the Naira would continue to appreciate against dollar at the forex market. Spokesperson of the Vice-President, […]
Minister announces groundbreaking partnerships with Cisco, others
The Minister for Communications, Innovation and Digital Economy, Dr Bosun Tijani has announced strategic partnerships with Cisco, 21st Century Technologies like Awarri and […]
Average price of 5kg cooking gas stood at N6,591.62 in March – NBS
The National Bureau of Statistics (NBS), says the average price of 5kg cooking gas increased from N6,154.50 recorded in February 2024 to N6,591.62 in […]
Economic growth in Sub-Saharan Africa projected at 3.8% in 2024 – IMF
The International Monetary Fund (IMF) says economic growth in Sub-Saharan Africa (SSA) is projected to rise from 3.4 per cent in 2023 to 3.8 […]
NNPC Ltd, First E&P achieve 20,000bpd production at OML 85
By MBAFAN ADE, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and […]
NASCON suspends merger plans with Dangote Sugar/Rice
Nascon Allied Industries Plc (NASCON) has suspended its proposed merger with Dangote Sugar Refinery Plc and Dangote Rice Ltd. Mr A. A. Samuel, Company […]
World Bank, AfDB to connect 300m people to electricity in Africa
The World Bank Group (WBG) and African Development Bank(AfDB) Group are partnering to provide no fewer than 300 million people in Africa with electricity […]
CBN reduces bank’s LDR to 50% to improve real sector lending
The Central Bank of Nigeria (CBN) has reduced the Loan-to-Deposit Ratio (LDR) of deposit money banks from 65 per cent to 50 per cent. […]
Stock market rebounds with N57bn gain amidst buying interest
The Nigerian Exchange Ltd. (NGX) rebounded on Wednesday, gaining N57 billion to close at N56.504 trillion. This increase follows eight consecutive sessions of losses. […]
Lafarge Africa launches Girls in Tech Program in Cross River
By PATRICK ABANG, Calabar – Recognizing the under-representation of women in the technology sector, leading innovative and sustainable building solutions company, Lafarge Africa Plc, […]
Dangote commended for reducing diesel price to N1,000/litre
A former chairman of the Manufacturers Association of Nigeria (MAN), Ogun Chapter, Dr Wale Adegbite, has lauded Dangote Petroleum Refinery for reducing the price […]