Category: Economy

NNPC Explains PMS Price Adjustment
March 18, 2020 No Responses

NNPC Explains PMS Price Adjustment

In compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been...
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Ecobank Transnational Incorporated Rejigs Board
March 18, 2020 No Responses

Ecobank Transnational Incorporated Rejigs Board

Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, has announced two new appointments and changes on its Board of Directors.A statement issued by Group Head, Corporate Communications Ecobank Transnational Incorporated...
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NNPC To Professionals: Find Solutions To Oil Industry Challenges
March 18, 2020 No Responses

NNPC To Professionals: Find Solutions To Oil Industry Challenges

The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to come up with solutions to tackle current challenges facing the industry.The Group Managing Director of NNPC, Mallam Mele Kyari, gave the charge ...
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Senate Mulls Downward Review Of 2020 Budget
March 17, 2020 No Responses

Senate Mulls Downward Review Of 2020 Budget

The Senate on Tuesday said it may consider a downward review of 2020 budget of N10.5 trillion passed by the National Assembly and assented by President Muhammadu Buhari.The Senate resolution followed adoption of recommendations of its joint committees on Finan...
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Nigeria High Commission In Canada Suspends Passport Issuance
March 17, 2020 No Responses

Nigeria High Commission In Canada Suspends Passport Issuance

The Nigeria High Commission in Ottawa, Canada, on Tuesday said that it had suspended passport processing for Nigerians in different Canadian communities, to prevent the spread of the Coronavirus (COVID-19).The commission said in a statement made available to t...
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Zenith Bank Rewards Shareholders With N87.9b Dividend
March 17, 2020 No Responses

Zenith Bank Rewards Shareholders With N87.9b Dividend

By Moses Ebosele, ebosele@hotmail.com For the 2019 financial year, Shareholders of Zenith Bank Plc, on Monday,  in Abuja, unanimously approved final dividend of N2.50 per share, bringing the total dividend payment to N2.80 per share with a total valu...
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Jos Inland Dry Port Gets New Investor
March 12, 2020 No Responses

Jos Inland Dry Port Gets New Investor

By Moses Ebosele, ebosele@hotmail.com The Inland Container Depot (ICD) in Heipang, Jos, Plateau State is set to get a new investor following the buyout of the Duncan Maritime Ventures, the concessionaire of the project.Addressing stakeholders in Lagos , E...
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Nigeria To Reduce Cost Of Crude Oil Production
March 11, 2020 No Responses

Nigeria To Reduce Cost Of Crude Oil Production

The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to strategically put in place measures that would alleviate the cost of crude oil production in Nigeria to create market for Nigeria’s crude and make Nigeria a choice destination ...
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Senate Passes Companies And Allied Matters Amendment Bill
March 10, 2020 No Responses

Senate Passes Companies And Allied Matters Amendment Bill

The Senate on Tuesday passed the Companied and Allied Matters Act amendment bill, 2020.The passage of the bill by the upper chamber was sequel to a clause-by-clause consideration of the bill in a committee of the whole.The piece of legislation...
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Nigeria Unveils $1b Locally-Assembled Vehicles
March 9, 2020 No Responses

Nigeria Unveils $1b Locally-Assembled Vehicles

The Ministry of Industry, Trade and Investment in collaboration with the National Automotive Design and Development Council (NADDC) on Monday commissioned $1billion worth of locally-assembled vehicles.The vehicles are locally produced by 17 companies including...
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Investors lose N329b
March 9, 2020 No Responses

Investors lose N329b

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a huge loss of N329 billion due to persistent fall in global oil price and rising cases of COVID-19.The News Agency of Nigeria (NAN) reports that the...
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Senate Approves FG’s $22.7b Loan Request
March 5, 2020 No Responses

Senate Approves FG’s $22.7b Loan Request

The Senate on Thursday,  approved 22.7 billion dollars as external borrowing plan for Nigeria out of the 22.8 billion requested by President Muhammadu Buhari.This followed the adoption of the report of the Committee on Local and Foreign Debts on the...
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Reps Approve N346.3b NDDC 2019 Budget
March 4, 2020 No Responses

Reps Approve N346.3b NDDC 2019 Budget

The House of  Representatives has passed the 2019 Appropriation bill of N346.388 billion for the Niger Delta Development Commission (NDDC), for its 2019 operations.This was sequel to a unanimous adoption of a report on the bill by the NDDC Chairman,...
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Again, Zenith Bank Emerges Most Valuable Banking Brand In Nigeria
March 4, 2020 No Responses

Again, Zenith Bank Emerges Most Valuable Banking Brand In Nigeria

Foremost financial institution, Zenith Bank Plc has again emerged as the Most Valuable Banking Brand in Nigeria in the new Banker Magazine Top 500 Banking Brands 2020.For the third consecutive year, Zenith Bank has been ranked as the number one...
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