Business & Economy - Page 104

By RUKAYAT ADEYEMI Veritas Kapital Assurance Plc says it is aiming to increase its premium and market share before the end of 2024 financial year, The Managing Director, Dr Adaobi Nwakuche, has disclosed. She told the News Agency of Nigeria (NAN) in

The spokesperson for the Nigerian National Petroleum Company (NNPC), Femi Soneye, has explained why the company decided to reduce its stake in the Dangote Refinery. Speaking during a Brekete Family programme on Monday (yesterday, August 12), Soneye provided insights into the decision.

CHIJIOKE OKORONKWO and FELICIA IMOHIMI of the News Agency of Nigeria (NAN) write that gone are the days when governments seemed to pay only lip service to the imperative of sound budgeting and effective financing of agriculture geared towards adequate food production

Independent petroleum marketers in Nigeria are anticipating that the Dangote Petroleum Refinery will price its Premium Motor Spirit (PMS), commonly known as petrol, at N600 to N650 per litre when it becomes available in the market. The Independent Petroleum Marketers Association of

The Organisation of the Petroleum Exporting Countries (OPEC),has affirmed in its latest report that Nigeria’s crude oil production in July 2024 was 1.307 million barrels per day (mbpd), not the 1.6 mbpd claimed by Nigerian officials. OPEC’s Monthly Oil Market Report for

The Minister of Aviation and Aerospace Development, Festus Keyamo, has issued a formal complaint to the UK Secretary of State for Transport, warning that if Air Peace is not granted a slot at London Heathrow Airport, Nigeria may retaliate by denying British

The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu, at the weekend presided over the launch of the Presidential CNG Initiative’s (Pi-CNG) Conversion Incentive Program for rideshare sector, alongside the introduction of the

By Rukayat Adeyemi Investors’ sustained interest in MTN Nigeria, Zenith Bank, and FBN Holdings, among other key stocks, drove the Nigerian Exchange Ltd. (NGX) market capitalization to a gain of N270 billion or 0.48 per cent. Specifically, the market capitalization, which opened at N55.708 trillion,

THE Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. OPEC, in its newly released monthly Oil Market

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that the Port Harcourt refinery is on track to meet its August deadline for resuming petroleum production, with an expected output of 10 to 12 million liters of petrol available to marketers.