Business & Economy - Page 115

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

Gov Alia’s aides bicker over revenue collection, no thanks to poorly-delineated official boundaries

Two functionaries of the Benue State Government, the Commissioner of Education and Knowledge Management, Rev. Frederick Ikyaan and the Director General (DG) Bureau for Education Quality Assurance (BEQA), Dr Terna Francis are currently enmeshed in war of words over who collects

February 4, 2025

Business & Economy

Shareholders’ Chair laments failure of efforts at reducing unclaimed dividends in Nigeria

Mr Eric Akinduro, Chairman of Ibadan Shareholders Association, has lamented that efforts to reduce the number of unclaimed dividends in the country have not yielded the desired results. Akinduro told the News Agency of Nigeria (NAN) in Ibadan on Saturday –

February 2, 2025

Business & Economy

Access Bank appoints Uche Orji, founding MD/CEO, Nigeria Sovereign Investment Authority, non-executive director

Access Holdings Plc has announced the appointment of Mr Uche Orji, as an Independent Non-Executive Director of its subsidiary, Access Bank Plc. A statement last night – Saturday, February 1- by the bank said the appointment took effect from Jan. 7,

February 2, 2025

Business & Economy

Dangote Refinery effects minimum price reduction, moves petrol ex-depot price from N950 to N890 per litre

Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday – yesterday, February 1. Mr Anthony Chiejina, the Group Chief Branding and Communications Officer, Dangote Petroleum Refinery, said this

February 2, 2025

Business & Economy

In apparent new Africa-centric monetary policy, CBN said to approve listing of CFA on NXP forms for export repatriation proceed

The Nigeria Export Promotion Council (NEPC) has disclosed that the Central Bank of Nigeria (CBN) has approved CFA Franc to be captured on Nigeria Export Proceed (NXP) forms for the repatriation of export proceeds. Mrs Nonye Ayeni, Executive Director of the NEPC,

February 1, 2025

Business & Economy·News

Heifer Nigeria moves to empower small-holder farmers, launches innovative solar-powered irrigation-pump finance leasing project

Heifer Nigeria has launched a finance leasing guarantee scheme that gives farmers access to innovative Solar-powered Irrigation Pumps (SPIPs) which help all-year-round farming regardless of weather conditions. At the launch of SPIPs Finance Leasing Project in Abeokuta, the Country Director of Heifer

January 31, 2025

Business & Economy

Market capitalisation up by N347bn as FCMB lists 19.803bn shares By RUKAYAT ADEYEMI

The Nigerian stock market maintained its upward momentum on Thursday – yesterday, January 30 – driven by the listing of 19.803 billion ordinary shares of FCMB Plc at 50k per share. This contributed an additional N347 billion gains to the market

January 31, 2025

Business & Economy

E-payment transactions in Nigeria hit record high of N1.07 quadrillion in 2024 By MIKE ABBAH

Nigeria’s financial services system recorded electronic payment transactions to the tune of N1.07 quadrillion in 2024 – a point never witnessed in the country’s financial services history. A quadrillion is an equivalent of N1,000 trillion – about $702.6 billion based on the

January 30, 2025

Business & Economy

Kebbi CNG kicks against Tinubu’s proposed tax reforms, says they threaten education, economy in North

The Kebbi State Chapter of the Coalition of Northern Groups (CNG) has expressed strong reservations about the proposed tax reform bills currently before the Senate for consideration and possible passage into law. Co-ordinator of CNG, Kebbi State chapter, Comrade Mansur Isah

January 29, 2025

Business & Economy

Govt walks its MSME talk, targets 48,000 jobs in ultramodern fashion hub inaugurated Tuesday in Borno

The Federal Government has launched a massive ultramodern fashion manufacturing hub in Maiduguri, which is expected to create over 48,000 jobs in Borno State. Vice-President Kashim Shettima, who inaugurated the facility on Tuesday – yesterday, January 28 – reiterated the government’s commitment

January 29, 2025

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Business & Economy - Page 115

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

Gov Alia’s aides bicker over revenue collection, no thanks to poorly-delineated official boundaries

Shareholders’ Chair laments failure of efforts at reducing unclaimed dividends in Nigeria

Access Bank appoints Uche Orji, founding MD/CEO, Nigeria Sovereign Investment Authority, non-executive director

Dangote Refinery effects minimum price reduction, moves petrol ex-depot price from N950 to N890 per litre

In apparent new Africa-centric monetary policy, CBN said to approve listing of CFA on NXP forms for export repatriation proceed

Heifer Nigeria moves to empower small-holder farmers, launches innovative solar-powered irrigation-pump finance leasing project

Market capitalisation up by N347bn as FCMB lists 19.803bn shares By RUKAYAT ADEYEMI

E-payment transactions in Nigeria hit record high of N1.07 quadrillion in 2024 By MIKE ABBAH

Kebbi CNG kicks against Tinubu’s proposed tax reforms, says they threaten education, economy in North

Govt walks its MSME talk, targets 48,000 jobs in ultramodern fashion hub inaugurated Tuesday in Borno

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