Business & Economy - Page 123

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

FMBN flaunts record, boasts it has delivered 39,000 new homes in 31 years

The Federal Mortgage Bank of Nigeria (FMBN) has within 31 years delivered 39,000 new homes under the National Housing Fund (NHF) scheme, the bank’s Managing Director/Chief Executive, Mr Shehu Osidi, has disclosed. In a paper titled “Financing the Housing We Need: A New Dawn

July 25, 2024

Business & Economy

Selloffs in banking stocks dip market capitalisation by N68bn

By Rukayat Adeyemi The Nigerian Exchange Ltd. (NGX) market capitalisation declined further on Wednesday by 0.12 per cent or N68 billion, following selloffs in tier-one banking stocks. The market capitalisation, which opened at N56.898 trillion, closed at N56.830 trillion. The All-Share Index

July 25, 2024

Business & Economy·News

MAN, NECA commend FG on reduction of sugar tax, call for its permanent suspension

The Manufacturers Association of Nigeria (MAN) and the Nigeria Employers Consultative Association (NECA) have commended the Federal Government for its move to temporarily suspend the N10 per litre sugar tax on carbonated sweetened non-alcoholic beverages, calling for a permanent suspension of the tax

July 24, 2024

Business & Economy·News

Atiku wades into Dangote, NMDPRA face-off, warns of adverse effects of undermining ‘our own’ key assets

Former Vice-President Atiku Abubakar has waded into the controversy between Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), warning that the investing world will never trust and want to do business with any nation that undermines its key

July 24, 2024

Business & Economy·News

NASS passes Finance Bill, imposes 70% tax on banks’ 2023 ‘windfall’ forex profits

The National Assembly has passed a proposed amendment to the Finance Act which seeks to impose a 70% tax on Banks’ 'windfall' forex profits in 2023. The passage of the Finance Act (amendment) Bill followed the consideration of the report of the Joint National Assembly Committees on

July 24, 2024

Business & Economy·News

SON thumbs-up business standards in Nnewi, awards MANCAP certificates to 16 companies in zone

Standard Organization of Nigeria (SON), Anambra State Office II today the 23rd of July awarded Mandatory Conformity Assessment Programme (MANCAP) certificates to 16 companies in Nnewi and environs. Some of the awardees are Jogoz Industries Limited; Pita Genesis Industries Limited; Emmy Chemical

July 23, 2024