Business & Economy - Page 16

Shareholders’ associations have kicked against the remittance of unclaimed dividends into the Unclaimed Funds Trust Fund (UFTF), managed in conjunction with the Debt Management Office (DMO). The associations, while speaking with the News Agency of Nigeria (NAN) in separate interviews on Sunday,

The presidential candidate of People’s Redemption Party (PRP), Mr Donald Duke, has stressed the need for exploring strategic alternatives to the current fuel subsidy framework and broader economic policies to help support sustainable national growth. Duke,​‌‍‍‍‍‍‍⁠⁠‌‌‍⁠⁠‍‍​⁠‌​ in a statement on Saturday in

Nigeria’s pioneer indigenous automaker, Innoson Vehicle Manufacturing Company Limited (IVM), has called on the Federal Government to urgently review its tariff structure on electric vehicle (EV) components, warning that current import policies favor foreign imports over domestic assembly. ​The management made the

The Federal Government has signed a sub-lease agreement for the restoration and full operationalisation of the Delta Steel Company now known as Premium Steel and Mines Limited (PSML), Ovwian-Aladja, Delta. The News Agency of Nigeria (NAN) reports that the agreement was between the National

Three Crowns Milk has renewed its commitment to improving women’s well-being and strengthening their economic capacity, empowering 30 underserved women at its 2026 August meeting in Owerri, Imo State. The initiative, which went beyond the traditional celebration of mothers, provided beneficiaries with

The Apapa Area Command of the Nigeria Customs Service (NCS) says it generated N28.1 billion in 24 hours, its highest single-day revenue collection to date. The Customs Area Controller of the command, Comptroller Emmanuel Oshoba, disclosed this in a statement issued by

Shell yesterday (August 18) hosted chief executives of contracting companies in Lagos highlighting the need to sustain safe operations across its businesses in Nigeria. The annual Shell Leadership and Contractor CEO Conference aims to shine a light on “a shared commitment to

The Naira on Wednesday depreciated at the official market trading at N1,350.41 to a dollar. Data from the official website of the Central Bank of Nigeria (CBN) revealed that the Naira lost N7.09. This represented a 0.5 per cent loss when compared

Dangote Petroleum Refinery & Petrochemicals (DPRP) has formalized a $1 billion underwriting programme, completing a $600 million funded private placement while securing a distinct $400 million underwriting commitment to backstop its planned initial public offering (IPO) on the Nigerian stock market. The

The Naira on Tuesday further appreciated at the official market, trading at N1,343.32 to the US dollar. Data from the Central Bank of Nigeria (CBN) showed that the currency gained N6.21 against the dollar. The latest rate represents a 0.4 per cent