Business

SPDC’s oil production hits 514,000 bpd – Report

The Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per day (bpd) and developed additional capacity to produce more. Mr Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed...

Multiple taxes: Petroleum dealers in Anambra threaten shutdown, gives 21 day ultimatum

Petroleum dealers in Anambra have threatened to shut down operations in 21 days over alleged government multiple levies and indebtedness. The operators under the aegis of NNPC Enugu Depot Community issued the warning in a communiqué issued after an all...

Shareholders applaud NASCON’s prompt dividend payment

Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited, has applauded the company for improved performance and dividend declared in 2019. In a statement made available to the News Agency of Nigeria (NAN) in Lagos on Monday,...

Block makers eye millions in Dangote Cement promo

The Block Makers Association says the ongoing Dangote Cement Bag of Goodies Season 2 promo, expected to produce 1,000 millionaires, provides an opportunity for palliative in the period of COVID-19 scourge. The News Agency of Nigeria (NAN) reports that the...

FIRS clarifies stamp duty rates, others

The Federal Inland Revenue Service (FIRS) has published detailed information to guide taxpayers and the general public on rates payable as stamp duty. Mr Abdullahi Ahmad, Director Communications and Liaison Department of the FIRS, made this known in a statement...

Access Bank Plc acquires Transnational Bank (Kenya) Plc

Access Bank Plc on Monday announced that it had successfully completed acquisition of the Transnational Bank (Kenya) Plc following receipt of full regulatory approvals and fulfilment of all conditions. The Company Secretary, Mr Sunday Ekwochi, informed the investing public and...

NSE market indices down 0.07%, as MPC retains policy rates

The Nigerian Stock Exchange (NSE) opened the week on Monday with a loss of 0.07 per cent, just as the Monetary Policy Committee (MPC) retained key policy variables. The MPC committee members at the end of the one-day virtual policy...

Oil falls, heads for weekly decline as virus cases hit record

Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere would suppress fuel...

NSE market capitalisation opens week with N162bn loss

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a loss of N162 billion in a day. Specifically, the market capitalisation which opened at N12.695 trillion lost N162 billion to close at N12.533 trillion. Also, the All-Share...

Ex-CBN Director tasks FG on ailing refineries

Dr Titus Okunronmu,a former Director, Budgetary Department, Central Bank of Nigeria (CBN) has urged the Federal Government to resuscitate all the nation’s refineries towards addressing the problem of fuel importation. Okunronmu made the call while speaking with the News Agency...
- Advertisement -

Latest News

National Hospital seeks cleft care inclusion in NHIS

The Chief Medical Director, National Hospital Abuja (NHA), Dr. Jeff Momoh has called...
- Advertisement -

Minister intervenes in youth council crisis

After many years of internal crisis, the Federal Government has finally intervened and returned peace to the National Youth Council of Nigeria...

Summon Fashola over Lekki tollgate camera, #EndSARS lawyer tells panel

An #EndSARS protesters’ lawyer, Mr Adesina Ogunlana, has asked the Lagos State Judicial Panel of Inquiry to summon the Minister of Works...

Nigeria drop to 35 in latest FIFA rankings

Nigeria dropped down to 35th position in the latest FIFA Coca-Cola world rankings following a lacklustre display in November that saw them...

India enters first recession in 73 years

India’s economy contracted 7.5 percent between July and September, performing the poorest among major advanced and emerging economies and entering a technical...