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Business

Ogun's quest to be an oil producing State would soon materialize as the NNPCL sets to begin oil and gas exploration in the Gateway State.

FG to commence oil exploration in Ogun

Ayorinde Oluokun

2 years ago

Stakeholders in the oil industry, including the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, Managing Director, SHELL Petroleum…
Investors lose N1.14trn as NGX reacts to MPC decision

Bank, insurance stocks lift market capitalisation up by N14bn

Kazeem Ugbodaga

2 years ago

Gains in Fidelity Bank, FCMB, Guaranty Trust Holding Company(GTCO), Cornerstone Insurance, Consolidated Hallmark Holdings, Sovereign Trust Insurance, Nestle, Honeywell Flour,…
FG approves key projects, including the concession of Port Harcourt International Airport at the aviation sector

Why we suspended helicopter landing levy – FG

Kazeem Ugbodaga

2 years ago

Oluseyi said that the collection of the levy was temporarily halted to allow the ministry to address pressing concerns raised…
Five Retirement planning hacks every young Nigerian should know

Five Retirement planning hacks every young Nigerian should know

Ademola Adegbamigbe

2 years ago

Want to ditch the "broke retiree" stereotype and retire comfortably on your own terms? That can be your future – laughing…

Zenith Bank transforms Ajose Adeogun roundabout with digital display

Taiwo Okanlawon

2 years ago

Zenith Bank’s track record of excellent performance, especially in innovation and technology, has earned the brand numerous awards. These include…
Chain Reactions Africa wins seven awards at 2024 SABRE

Chain Reactions Africa wins seven awards at 2024 SABRE

Kazeem Ugbodaga

2 years ago

Chain Reactions submitted work, covered campaigns for the Lagos Metropolitan Area Transport Authority (LAMATA), and its ‘Lagos Blue Rail’, 9mobile’s…
Dangote keys into FG Agenda, to run all Cement trucks on CNG by 2025

Dangote keys into FG Agenda, to run all Cement trucks on CNG by 2025

Ademola Adegbamigbe

2 years ago

Amidst applause by shareholders for the impressive results in the 2023 financial year despite the harsh business operating environment, the…
“Judicial officials in the country will get a 300% increase in their salaries and allowances as President Bola Tinubu signs bill into law

What Executive Orders I signed on oil and gas would do to petroleum sector – Tinubu

Kazeem Ugbodaga

2 years ago

President Tinubu also assured the ExxonMobil delegation that the federal government is committed to resolving the divestment issues between the…
Lagos pays N2.67 billion as insurance death benefits

Lagos pays N2.67 billion as insurance death benefits

Kazeem Ugbodaga

2 years ago

The Commissioner disclosed that the Land Use Charge Assessment Appeal Tribunal (LACUUT) treated 2,082 complaints which were resolved using administrative,…
Nigerian Company MMNL to invest $50 Million to scale up its Tubular Batteries Production

Nigerian Company MMNL to invest $50 Million to scale up its Tubular Batteries Production to 100,000 with backward integration in Next 5 years

Kazeem Ugbodaga

2 years ago

The company is planning to invest around $50 million in capacity expansion, new greenfield projects in the energy backup segment,…
Stock Market

Nigerian stock market capitalisation gains N141bn

Kazeem Ugbodaga

2 years ago

By Rukayat Adeyemi Trading at the Nigerian stock market started the week on a positive note, as all performance indices…
FCMB Group: Shareholders approve issued capital increase, ₦150bn capital raise

FCMB Group: Shareholders approve issued capital increase, ₦150bn capital raise

Ademola Adegbamigbe

2 years ago

FCMB Group Plc's shareholders, at the company's 11th Annual General Meeting (AGM), approved an increase in issued share capital from…
UBA posts N607bn profit after tax, pays N78.7bn dividends to shareholders

UBA posts N607bn profit after tax, pays N78.7bn dividends to shareholders

Kazeem Ugbodaga

2 years ago

UBA posted an impressive leap in gross earnings, as it grew from N853.2 billion recorded at the end of 2022…

FG targets 37,000 jobs in geriatric social care industry

Taiwo Okanlawon

2 years ago

Omokaro disclosed that NSSC has set up a 23-member private sector led Council made up of all relevant stakeholders in…
FCMB to raise additional N150bn in third quarter of 2024

FCMB to raise additional N150bn in third quarter of 2024

Kazeem Ugbodaga

2 years ago

According to Balogun, the company has retained 80 per cent of its profits to support its growth and expansion initiatives.
Joseph Afolabi

Joseph Afolabi empowers young African leaders through YALI and Sustainability Initiatives

Taiwo Okanlawon

2 years ago

Joseph’s contributions to leadership and sustainability are making a significant impact on his community and beyond. His work through YALI…
FCMB Asset Management Limited appears to have insights into ways to simplify the journey towards a comfortable retirement.

FCMB Group’s 11th AGM to Highlight Record 2023 Financials, Chart Course for Future Growth

Ademola Adegbamigbe

2 years ago

FCMB Group Plc is set to hold its 11th Annual General Meeting (AGM) at the Balmoral Convention Center, Federal Palace…
NCAA to sanction Turkish Airlines

NCAA to sanction Turkish Airlines

Kazeem Ugbodaga

2 years ago

According to him, the agency would not hesitate to roll out stiff penalties and sanctions to Turkish Airlines as Nigerian…
Lagos attracts over N50 billion investment

Lagos attracts over N50 billion investment in one year

Kazeem Ugbodaga

2 years ago

According to the Commissioner, the new multi billion naira investments, one of which is the Twinings Ovaltine Nigeria Limited (TONL),…
Naira strengthens further at official FX market

Naira gains against dollar at official market

Ayorinde Oluokun

2 years ago

The Association of Bureau De Change Operators of Nigeria (ABCON) commended the CBN’s reforms for the Naira’s appreciation at the…
Transcorp Power declares N23.46 billion dividend for shareholders

Transcorp Power declares N23.46 billion dividend for shareholders

Kazeem Ugbodaga

2 years ago

The company recorded gross earnings of N142.1 billion, a 57.3% increase, compared to the previous year.
CBN

CBN continues aggressive tightening, raises lending rate to 26.25%

Ayorinde Oluokun

2 years ago

Mr Yemi Cardoso, the Governor of CBN said this on Tuesday in Abuja, while reading the communique from the 295th…

NEFGAD drags Netflix, old generation bank to court over abuse of OTP, customer’s account details

Taiwo Okanlawon

2 years ago

Mr Akingunola has raised serious concerns about the breach of fiduciary duty by UBA, stating that the bank failed to…
UBA at 75: We've demonstrated remarkable financial strength, resilience amidst economic challenges - GMD

UBA at 75: We’ve demonstrated remarkable financial strength, resilience amidst economic challenges – GMD

Kazeem Ugbodaga

2 years ago

Alawuba stated that innovation and digital transformation are at the heart of UBA's strategy for future growth and competitiveness, saying…
CBN

MPC meeting: Experts advise CBN to retain 24.75% lending rate

Ayorinde Oluokun

2 years ago

Some financial and economic experts have advised the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to…

Kasper: Turning Setbacks into Success in the World of Trading

Taiwo Okanlawon

2 years ago

Kasper’s achievements reached new heights in 2024 when he achieved his first six-figure month, bolstered by significant gains in Bitcoin…
The making of Fly ZeJet, Cameroon's first privately-owned scheduled airline

The making of Fly ZeJet, Cameroon’s first privately-owned scheduled airline

Kazeem Ugbodaga

2 years ago

Armed with a fleet of three (03) Embraer ERJ-145 aircraft, each with a 50-passenger capacity, acquired for a total investment…
NCC

NCC suspends issuance of new Licenses

Kazeem Ugbodaga

2 years ago

The Director of Public Affairs, NCC, Dr Reuben Muoka, in a statement in Abuja on Friday, said the commission acted…
What Tinubu told Chinese executives about their investments in Nigeria

What Tinubu told Chinese executives about their investments in Nigeria

Kazeem Ugbodaga

2 years ago

President Tinubu encouraged the corporation to also explore other avenues of cooperation, especially in solid minerals, adding: "The door is…
Mining

FG meets 32 state governors to establish joint committee to address mining issues

Kazeem Ugbodaga

2 years ago

Alake said during the meeting, hosted by the Chairman of the Nigerian Governors Forum, Kwara State Governor AbdulRasak Abdulrahman, he…
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