Business News Archives — Page 20 of 48

October 7, 2020 No Responses

First Bank Disburses N17b Loans Through FirstAdvance

First Bank of Nigeria Limited has disbursed over N17billion across the country through FirstAdvance, its digital lending solution. A statement explained that FirstAdvance is designed to offer a convenient and easy access to cash for salary earners whose accounts are...

October 3, 2020 No Responses

NPA To Receive 15 Ships Laden With Petroleum Products, Frozen Fish,Soya Beans, Others

The Nigerian Ports Authority (NPA) is to receive 15 ships laden with petroleum products, food items and other goods from October 2 to October 10, 2020 NPA in its `Shipping Position’ on Friday explained that the ships are expected to...

October 3, 2020 No Responses

Chevron Refutes Report On Agenda To Migrate Jobs Outside Nigeria

The management of Chevron Nigeria Limited (CNL) has denied plans to migrate Nigerian jobs outside the country.CNL’s General Manager Policy, Government and Public Affairs, Mr Esimaje Brikinn, made the clarification in a statement on Friday.Brikinn spoke follo...

October 2, 2020 No Responses

LNG: Germany Projects Infrastructure, Investments

German Shipowners’ Association (VDR) has welcomed investments in the country’s supply chain logistics as well as the Brunsbüttel terminal project. According to World Maritime, this was a result of a discussion between Ralf Nagel, Chief Ex...

October 1, 2020 No Responses

Market Capitalisation Ends September Bullish, Crosses N14tri Mark

The Nigerian Stock Exchange (NSE) market capitalisation crossed N14 trillion mark on the last trading day of September due to sustained confidence. Specifically, the market capitalisation on Wednesday rose by N118 billion or 0.84 per cent to close at N14...

September 29, 2020 No Responses

Sterling Bank Secures CBN’s Approval To Restructure As Holding Company

The management of Sterling Bank Plc has secures Central Bank of Nigeria’s (CBN) approval in principle to restructure as a holding company. In a statement posted on the Nigerian Stock Exchange (NSE) website, the bank’s Chief Executive Officer, Mr Abubakar...

September 29, 2020 No Responses

Water Projects Gulp N18.80b In Katsina

Katsina State Government has spent the sum of N18,798,640,116. 83 on the provision of portable drinking water in urban areas of the state since the inception of the administration of Governor Aminu Masari in 2015. The State Commissioner for Wa...

September 27, 2020 No Responses

NNPC, SEEPCO Seal Gas Development Deal

The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the development and commercialisation of gas from the Oil Mining Lease (OML) 143. NNPC in a statement issued o...

September 27, 2020 No Responses

Nigeria To Harness Auto Gas As Alternative To Petrol

The Federal Government of Nigeria will focus on developing Compressed Natural Gas (CNG) otherwise known as auto gas, in order to offer Nigerians an effective option to petrol, Vice President Yemi Osinbajo has said The vice president’s spoke...

September 23, 2020 No Responses

Mixed Reactions Trail CBN‘s MPR Cut

Finanical experts on Tuesday expressed mixed reactions to the 100 basis points slash in the Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). The financial experts spoke with the News Agency...

September 22, 2020 No Responses

Shell Unveils Major Cost-Cutting Drive

Royal Dutch Shell is looking to slash up to 40 per cent off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power...

September 21, 2020 No Responses

Oil Refineries Struggle With Weak Demand Worldwide

Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery work...

September 21, 2020 No Responses

SEC: Digital Assets Classification Aimed At Investor Protection

The Securities and Exchange Commission (SEC) has said that the recently released SEC Statement on Digital Assets and their Classification and Treatmen is aimed at boosting investors’ protection in the capital market.Emomotimi Agama, Head, Registration, Excha...

September 20, 2020 No Responses

Crawford University Appoints Reuben Kolo V-C

The Management of Crawford University, Igbesa, Ogun State, on Saturday announced the appointment of Prof Reuben Kolo as new Vice-Chancellor and other principal officers. Prof. Kolo is the 4th substantive Vice-Chancellor of the 15-...