Business & Economy - Page 107

Capital market

NNPCL Revenue Hits ₦6 Trillion in May as Oil Output Inches Up

The Nigerian National Petroleum Company Limited (NNPCL) posted ₦6.008 trillion in revenue for May 2025, marking a slight increase from the ₦5.972 trillion recorded in April. The rise follows steady gains in crude oil and condensate production, which climbed to 1.63 million

July 1, 2025

Business & Economy·News

Livestock Committee recommends combination of open grazing, ranching as solutions to herdsmen-farmers clashes

In what looks like a half-solved problem or the difference between six and half a dozen, the Livestock Committee set up by the federal government to find a lasting solution to the incessant clashes between herdsmen and farming communities across Nigeria, has

September 19, 2024

Business & Economy

Eight months after dissolution, CBN appoints new board for Keystone Bank

By MIKE ABBAH The Central Bank of Nigeria has announced the reconstituted board of directors for a Nigerian commercial bank, Keystone Bank. This is coming on the heels of the dissolution of the former board of directors in January 2024; This development

September 19, 2024

Business & Economy

Nigerian Breweries receives crucial lifeline ahead of capital raise

By MIKE ABBAH As it gears up for a rights issue, foremost brewer, Nigerian Breweries Plc, has received a crucial lifeline from its parent company, Heineken, through suspension of interest payments on loans to the Nigerian subsidiary. This was disclosed

September 19, 2024

Business & Economy·News

Nigeria’s aviation rating soars to 70.5 from 49 points after country signed CTC practice direction

Nigeria’s effort to comply with the Cape Town Convention on dry-leasing of aircraft has paid off, as the Aviation Working Group, co-chaired by Boeing and Airbus, has upgraded the country’s global rating from 49 to 70.5. This significant boost is expected to

September 19, 2024

Business & Economy

IGR: Kaduna moves to boost tax compliance rate, slashes ground rent penalty from .5m to 50,000

The Kaduna State Government has reduced the penalty for ground rent registration from N500,000 to between N50,000 and N180,000, depending on the location of the property. With over 3,000 registered property owners spread across the 23 local government areas of the

September 18, 2024

Business & Economy

MOSOP writes Tinubu, accuses NNPC, Sahara Energy of backdoor moves to take over Ogoni oil fields

The Movement for the Survival of the Ogoni People (MOSOP) has appealed to President Bola Ahmed Tinubu to intervene and stop alleged moves by the Nigerian National Petroleum Company Limited (NNPCL) to “foist” Sahara Energy on the people of Ogoni as the

September 18, 2024

Business & Economy

Beans: When common food slips beyond common people

By TOSIN KOLADE Beans, once a staple and budget-friendly source of protein for many Nigerian families, have become increasingly rare on menu lists due to its rising cost. Historically, a fundamental part of the diet for low and middle-income households, the price of

September 18, 2024

Business & Economy·News

World data lab, Mastercard Foundation to create 30 million jobs in Africa

World data lab, Mastercard Foundation to create 30 million jobs in AfriWorld Data Lab, in collaboration with Mastercard Foundation, has unveiled the African Youth Employment Clock in Nigeria to help create 30 million jobs in Africa by 2030. Sen. Abubakar Bagudu, Minister

September 18, 2024

Business & Economy

Fuel scarcity: Energy experts drum support for Dangote Refinery

Energy experts under the aegis of Coalition of Energy Reforms Lawyers and Activists (CERLA) have drummed support for the Dangote Refinery to thrive and bring an end to the lingering fuel scarcity in the country. CERLA Spokesperson, Okwa Dan, at a press

September 17, 2024

Business & Economy·News

Business Group to invest N24bn for 60% equity as Enugu, Jelfah Nigeria Ltd sign N40bn deal to revive moribund Sunrise Flour Mills

Enugu State government and Jelfah Nigeria Ltd have signed a N40bn deal for the revitalisation of the age-long moribund state-owned Sunrise Flour Mills, Enugu. The deal, which was signed at the Government House, Enugu, Tuesday (today, September 17), saw Jelfah acquire

September 17, 2024

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Business & Economy - Page 107

NNPCL Revenue Hits ₦6 Trillion in May as Oil Output Inches Up

Livestock Committee recommends combination of open grazing, ranching as solutions to herdsmen-farmers clashes

Eight months after dissolution, CBN appoints new board for Keystone Bank

Nigerian Breweries receives crucial lifeline ahead of capital raise

Nigeria’s aviation rating soars to 70.5 from 49 points after country signed CTC practice direction

IGR: Kaduna moves to boost tax compliance rate, slashes ground rent penalty from .5m to 50,000

MOSOP writes Tinubu, accuses NNPC, Sahara Energy of backdoor moves to take over Ogoni oil fields

Beans: When common food slips beyond common people

World data lab, Mastercard Foundation to create 30 million jobs in Africa

Fuel scarcity: Energy experts drum support for Dangote Refinery

Business Group to invest N24bn for 60% equity as Enugu, Jelfah Nigeria Ltd sign N40bn deal to revive moribund Sunrise Flour Mills

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