Industry

Governor of the Central Bank of Nigeria, Mr Yemi Cardoso The Central Bank of Nigeria has disqualified 41.65 million shares worth N822.60m in Access Holdings Plc’s recently concluded rights issue. In a corporate notice filed on the…
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The senator representing Borno South Senatorial District, Ali Ndume, has dismissed claims that northern Nigeria is parasitic or economically dependent. According to the report by Punch on Monday, Ndume asserted that all regions of…
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President Bola Tinubu has again said he has no regrets about removing the petrol subsidy in May 2023 and introducing other reforms in the country. “I don’t have any regrets whatsoever about removing the petrol subsidy. We are…
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Lafarge Africa Plc Lafarge Africa Plc has published its audited financial report for the nine-month period ending September 30, 2024, revealing significant growth with a pre-tax profit of N91.5 billion. This represents an increase…
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The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have taken decisive action to address the ₦250 billion Unstructured Supplementary Service Data (USSD) debt dispute between Deposit Money Banks (DMBs)…
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Nigeria’s Electricity Supply Industry (NESI) continues to grapple with financial instability, driven by an unsustainable subsidy burden and insufficient market payments to Generation Companies (GenCos). As the sector teeters on the…
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Nigeria’s oil reserves, estimated to be worth $3.5 trillion, are attracting significant interest as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced 25 successful bidders in the 2024 oil licensing round. The…
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NNPC Confirms 60,000 BPD Capacity The Nigerian National Petroleum Company Limited (NNPC Ltd.) has confirmed that the Port Harcourt refinery is now fully operational, with its 60,000 barrels per day (bpd) capacity in full swing. NNPC…
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The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has urged the Nigerian National Petroleum Company Limited, NNPC, to slash its ex-depot price of Premium Motor Spirit, PMS, commonly known as petrol. The…
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…Experts fear budget may not deliver ‘tangible gains’ …Tinubu, Shettima to spend N8.74bn on local, international trips Nigeria plans to spend N15.81 trillion or 45 per cent of its entire revenue to service debt obligations in the…
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