archiveMarch 21, 2024

The Executive Vice President, Gas, Power and New Energy, Nigerian National Petroleum Company Ltd, Mr. Olalekan Ogunleye has identified transparency, accountability, research, technology and innovation as key drivers of the ongoing transformation in the company. Ogunleye disclosed this while speaking during a Panel Session hosted by the NNPC Ltd at...

    The National Bureau of Statistics (NBS) says the average retail price of a litre of kerosene increased from N1,329 recorded in January 2024 to N1,340 in February 2024. The bureau said this in its Petrol Price Watch for February 2024, released in Abuja on Thursday. It said the...

    The Minister of Information and National Orientation, Alhaji Mohammed Idris, has stated that President Bola Tinubu’s administration has attracted $30 billion in Foreign Direct Investment (FDI) commitments into the nation’s economy since inception office. He disclosed that the present administration, headed by President Tinubu, is determined to collaborate...

    The presidency is optimistic about better days for the naira and is asking currency speculators to dump their cache of dollars. Nigeria’s naira currency has recently slid downwards against major currencies like the dollar, going for $1 to N1,500 in the parallel market. But the Central Bank of...

Naira has maintained a steady appreciation, gaining 4.55 per cent of its value against the dollar on increased dollar supply after the Central Bank of Nigeria (CBN) cleared all foreign exchange (FX) backlog. The summary of the FX trading auction revealed that naira appreciated by 4.55 percent as the dollar...

  The Minister of Information and National Orientation, Mohammed Idris, has called on Nigerians to have faith in the administration of President Bola Tinubu as it is making efforts to address the nation’s challenges. He said the nation’s economy was gradually reviving under Tinubu. Idris spoke on Wednesday during an...

  The Lagos Chamber of Commerce and Industry (LCCI) has called for expansion of local fertilizer production capacity to reduce dependency on imports, enhance long-term sustainability, and curb rising inflationary trends. The Chamber, in a statement signed by its Director General, Dr Chinyere Almona, on Wednesday, expressed grave concerns over...

    Access Bank Plc has signed a binding agreement with KCB Group Plc (KCB) to acquire 10 cent shareholding in National Bank of Kenya Limited (NBK). The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt of all regulatory...

  President Bola Tinubu has declared that the 16 soldiers killed in Delta State deserve a befitting burial and national honours. Tinubu made the declaration at the breaking of Ramadan fast with the Speaker of the House of Representatives, Tajudeen Abbas, and the leadership of the House on Wednesday in...

    The  Securities and Exchange Commission (SEC), has declined to approve proposal by PZ Cussons (Holdings) Limited, the foreign majority core investor in PZ Cussons Nigeria Plc, to acquire entire shareholdings of Nigerian minority shareholders in the Nigerian subsidiary. In a regulatory filing on Wednesday, the board of PZ...