The ongoing process by the Central Bank of Nigeria to increase the capital base of Deposit Money Banks may not lead to a higher Gross Domestic Product, analysts at …
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SPP canvass localisation of climate action
The Society for Planet and Prosperity, Nigeria, has called for the localisation of climate action in the country. The President and Chairman of the Board of Trustees of SPP, …
Read More »2024 bid round: FG drops DSS screening for bidders
The Nigerian Upstream Petroleum Regulatory Commission says it will no longer subject bidders in the 2024 licensing round to security checks to be conducted by the Department of State …
Read More »Jos Inland Dry Port will serve North Central – Shippers Council
The Executive Secretary of the Nigerian Shippers’ Council, Akutah Pius, has said that the Heipang Inland Dry in Jos, Plateau State, is strategically located to serve the host state …
Read More »PEBEC award will inspire greater efforts, says NIMASA boss
The Director General of the Nigerian Maritime Administration and Safety Agency, Dr Dayo Mobereola, has disclosed that the award given to the agency by the President of the Presidential …
Read More »IMG appoints Aminu Ado chairman
Industrial and Medical Gases Nigeria Plc has appointed Aminu Ado as its substantive chairman. The appointment was disclosed in a corporate filing with the Nigerian Exchange Limited stating that …
Read More »Conoil revenue jumps by 53%
The revenue of Conoil Plc for the 2023 financial year has appreciated by 53 per cent to N201.4 billion from N131.4 billion in the previous year. This is as …
Read More »Coronation Insurance records N4.45bn profit
Coronation Insurance Plc has reported a profit after tax of N4.45bn for the first quarter of 2024, this represents a rebound from the N1.10bn loss in the first quarter …
Read More »$1.5bn oil sector divestment deals completed – FG
The Federal Government, on Wednesday, announced the completion of the divestment deals between Nigeria Agip Oil Company and Oando Plc, as well as that of Equinor and Project Odinmim, …
Read More »NOVA Bank commences operations as national commercial bank
NOVA Bank has officially commenced operations as a National Commercial Bank, as the bank opened its first commercial banking branch in the Victoria Island area of Lagos. The bank, …
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