Business & Economy - Page 69

By Mike Abbah Nigeria’s key revenue and employment generating sectors, namely oil, agriculture and manufacturing, recorded  negative or weak growth in the second quarter of the year (Q2 2024) according to the National Bureau of Statistics (NBS). This implies that the critical

By RUKAYAT ADEYEMI The Nigerian Stock Market on Tuesday extended gains from its previous session by adding N271 billion to the portfolios of investors. Notably, the Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N55.166 trillion, gained N271 billion or 0.49

The Chairman, Enugu State Internal Revenue Service, ESIRS,  Emmanuel Ekene Nnamani has said that the agency recorded N35.9 billion revenue within seven months in 2024. Nnamani made the disclosure while reeling out achievements of the agency to mark his one year anniversary

By Ademola Tijani The Nigerian National Petroleum Company Limited (NNPC), which recently embarked on exporting Liquefied Natural Gas (LNG) to Japan and China, marking a significant development in its operations, has described the development as a milestone. The shipments are being carried

The Federal Government has stated that the Nigerian National Petroleum Company Limited (NNPC) lacks the necessary funds to rebuild aging pipelines. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made this declaration at the recently concluded Energy and Labour Summit

“That the 1st claimant is engaging in an organised crime of storage, supply and distribution of adulterated and substandard petroleum products to unsuspecting members of the public who suffer frequent vehicle and equipment breakdowns, as a result of such nefarious activities in

Customers of various banks have called on the Central Bank of Nigeria (CBN) and banks to institute a standard policy on what constitutes a dormant account. Some of the customers, who spoke to the News Agency of Nigeria (NAN) in Abuja on

Dr. Sand Mba-Kalu, Executive Director, Africa international Trade and Commerce ResearchShares The profit declared by the Nigerian National Petroleum Company Limited (NNPC Ltd.) will spur major investors to take advantage of its Initial Public Offer (IPO) when announced, Dr Sand Mba-Kalu, an Economic Expert

The Federal Government has been urged to sell the government-owned refineries in Port Harcourt, Warri and Kaduna to raise funds for modular refineries. The three refineries are currently managed by the Nigerian National Petroleum Company Limited (NNPC), the government’s oil company. The

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has taken firm action in Calabar, shutting down three petrol stations for overcharging customers and using faulty meters to dispense fuel. This enforcement is part of NMDPRA’s broader initiative to ensure fair and