Business & Economy - Page 102

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that it has not paid any fuel subsidies in the last nine months. In a statement Monday (yesterday, August 19), the company’s Chief Financial Officer, Alhaji Umar Ajiya, said in Abuja that

By Mike Abbah A former deputy director at the Central Bank of Nigeria (CBN), Prof Kingsley Moghalu, has faulted direct funding of Small and Medium Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMEs) by the apex bank. . In

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday commissioned the 10,000 Tons per annum galvanizing plant constructed by Daewoo Engineering Nigeria Limited, one of the engineering, procurement, and construction (EPC) contractors of the Nigeria LNG

By Mike Abbah  The 2024 half-year financial results of Nigeria’s listed companies showed that many consumer goods firms are battling for breath as they struggled to lift margins. Their profit and revenue haul were severely impacted, while the key cost indices

By Mike Abbah Contrary to the impression conveyed by the Nigerian government and its officials that the economic policies of President Bola Tinubu will boost foreign investment, the Private Equity and Venture Capital Association of Nigeria (PEVCA) has warned the reverse may

  “These pillars will not only fortify our financial stability but also position us to capitalise on emerging opportunities in the market. I am confident that with our continued focus on these priorities, we will sustain our positive momentum and deliver long-term

By RUKAYAT ADEYEMI  Opening the week on Monday (yesterday, August 19), investors on the Nigerian stock market lost N750 billion from their portfolios as bearish sentiment persisted. Specifically, selloffs in the stocks of Dangote Cement, alongside Tier-one banks, namely; Guaranty Trust Holding

The Federal Government has disclosed  it will begin crude oil sales in Naira to Dangote Refinery and others in October, according to a statement by the Director Press and Public Relations, Federal  Ministry  of  Finance and Economic Planning,  Mr Mohammed Manga yesterday (Monday August

Rep. Benjamin Kalu, Nigeria’s House of Reps Deputy Speaker and Chairman, ECOWAS Parliament’s Joint Committee on Administration, Finance and Budget. The Deputy Speaker, Nigeria’s House of Representatives, Rep. Benjamin Kalu, has said the ECOWAS Parliament is deploying parliamentary diplomacy mechanisms to

expectations of the Nigerian people,” he said. Gbajabiamila said the retreat would be a continuous exercise, as governance is an evolving process that requires regular adjustments, urging the State House management and chief executives of agencies under its supervision to lead by example by ensuring compliance