Business

An umbrella body of Bloggers and Vloggers, Contents Creators Association (BAVCCA) has commended the Group Chief Executive Officer, (GCEO), Nigeria National Petroleum Corporation Limited, (NNPCL), Engr Mele Kyari, over the repositioning of the organisation. This was in an address read by leaders of the association during a press conference held in Abuja over the calls to sack Kyari by some …

The Nigerian National Petroleum Company (NNPC) Limited says more management staff will be exiting the company on Monday, as the firm continues its leadership shakeup. According to NNPC in a statement released late on Monday, the oil firm said management staff with less than 15 months to statutory retirement will be leaving. Their exit is effective from Monday, September 19, …

Chairman of brokerage firm, Parthian Partners Limited, owners of digital investment platform, i-invest, Dotun Sulaiman, has expressed optimism about the potential impact of the Central Bank of Nigeria (CBN’s) proposed policy documentation on rules of the foreign exchange market operation in Nigeria. Sulaiman, who disclosed this in an interview with journalists on the sidelines of the ongoing National Economic Summit …

The Ibadan Electricity Distribution Company (IBEDC) has disclosed that customers in the Sango and Ota axis of Ogun state owed the company N28 billion. The Lead Media Relation, IBEDC, Mrs. Busolami Tunwase, stated this during a stakeholders’ meeting in Joju, Ota, Ogun state recently. Tunwase, who represented the Chief Executive Officer of IBEDC, Mr. Kingsley Achife, said the N28 billion …

TotalEnergies has disclosed plans to invest the sum of $6 billion in the coming years on offshore oil projects and gas production across all terrains. This is coming amid the exit of several multinationals from the country in recent times. This development was announced in a statement from President Bola Tinubu’s office shortly after a meeting with Patrick Pouyanne, TotalEnergies …

The World Bank has raised an alarm that only 10 per cent of targeted poor and vulnerable households have benefitted from the Federal Government’s recently launched cash transfer of N25,000 per month. This is according to data from the World Bank’s Lead Economist for Nigeria, Alex Sienaert, during his presentation of the Nigeria Development Update December 2023 edition titled “Turning …

The equity market began the week on a bullish note as trading activities on the floor of the Nigerian Xchange closed positive Monday (18/12/2023) by 0.02%. The All-Share Index ASI increased to 72,404.91 from 72,389.23 recorded at the close of the trading on Friday December 15, 2023. Investors also made a profit of N8.58bn as market capitalization increased today by …

The  Director-General of Oyo State Investment and Public Private Partnership Agency (OYSIPA), Mr. Olatilewa Folami, has restated the commitment of Governor  Seyi Makinde’s administration to reducing the state’s housing deficits. Folami gave the assurance recently during a project inspection tour of Rayfield Gardens City Estate and Fendini Homes along Olodo-Iwo Road in Ibadan. “Government’s priority to the provision of housing units across …

One of Nigeria’s foremost banks, First Bank of Nigeria Limited has launched another fully automated branch, the FirstBank Digital Experience Centre (DXC), in Wuse, Zone 2, Abuja. Chief executive officer of FirstBank, Dr. Adesola Adeduntan, CEO, on Tuesday, in Abuja, led other management staff members and some employees of the bank to launch the new branch. In his speech at …

Investors with Chams, Stanbic and IBTC pocketed N260 billion at the close of trading on Monday. This followed the growth in the market capitalization from N36.88 trillion to N37.14 trillion after five hours of trading today. Similarly, the All-Share Index rose by 481.43 basis points to close at 67,877.17, up from 67,395.74 ASI posted by the bourse last Friday. Investors …