Business & Economy - Page 108

The International Monetary Fund (IMF) has said that  global growth is projected to remain unchanged at 3.2 per cent in 2024 and 2025, as Inflation recedes. This is according to the IMF’s latest World Economic Outlook (WEO) Update Report for October 2024

The Enugu Electricity Distributio Company (EEDC), yesterday (Tuesday, October 22) ended its regulatory operations in Enugu State as the Enugu State Electricity Regulatory Commission (EERC) took over as the body to now regulate electricity in the State. The News Agency of Nigeria

President of the Leadership and Governance in Canada, Mr. Sam Adewale, has said the third Canada-Nigeria Business Investment Summit has showcased the commitment of both nations to strengthening their economic ties. Adewale said the summit showcased the innovative Canadian and Nigerian

By Rukayat Adeyemi The Nigerian stock market kicked off the week on a positive note, supported by gains in Seplat Energy following the Federal Government’s approval of its acquisition of ExxonMobil’s onshore assets. The deal, valued at $1.28 billion, added a significant

The Federal Government has given the green light for the sale of ExxonMobil’s onshore assets to SEPLAT Energy, over two years after the $1.28 billion deal was initially struck. Gbenga Komolafe, the CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),

A Niger Delta-based Security Expert, Capt. Warredi Enisuoh, has urged Niger Delta communities to embrace vegetation-based carbon trading for revenue earning and development. Enisuoh, the Executive Director, Operations and Technical, Tantita Securities Services, a pipeline surveillance firm operating in the Niger Delta region, made the

The NNPC Limited-Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has made a groundbreaking discovery with the successful drilling of the Meji NW-1 well in the Western Niger Delta. Olusoga Oduselu, General Manager, Policy, Government and Public Affairs, disclosed this yesterday (October

By RUKAYAT ADEYEMI The equity market extended its losses on Thursday as the market capitalisation dropped by N127 billion, or 0.21 per cent, from N59.559 trillion to close at N59.432 trillion. Similarly, the All-Share Index declined by 0.21 per cent, losing 210.2