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The Nigerian National Petroleum Corporation (NNPC) says it supplied 1.44 billion litres of Premium Motor Spirit (PMS) also known as petrol in January 2021. The corporation disclosed this on its Monthly and Financial Operations Report (MFOR) released in Abuja on Tuesday. “To guarantee energy security, the corporation also supplied a total of 1.44billion litres of…
April 13, 2021
The management of Dangote Cement Plc has explained why the prices of its product are higher in Nigeria than in other African countries. The Group Executive Director, in charge of Strategy, Portfolio Development and Capital Projects, Mr Devakumar Edwin, said the high cost of cement in Nigeria is due to the high exchange rate of…
April 13, 2021
Trading at the domestic equities market closed positive on Thursday with the market capitalisation increasing by N14 billion due to buying interest in tier 1 banks. The market capitalisation which opened at N20.286 trillion inched higher by N14 billion or 0.07 per cent to close at N20.300 trillion. Also, the All-Share Index grew by 25.80…
April 9, 2021
Dangote Sugar Refinery PLC (DSR) has denied an online publication claiming the company’s involvement in price-fixing and not transparently engaged in any Backward Integration Programme as claimed. “DSR wishes to vehemently refute the allegations and assertions in their entirety as the false allegations are geared at tarnishing the good name and brand of Dangote Sugar…
April 9, 2021
The Nigerian Stock Exchange (NSE) says Mr Oscar Onyema has completed his tenure as its Chief Executive Officer (CEO) after a 10-year period. Mr Olumide Orojimi, NSE Head of Corporate Communications, said in a statement on Tuesday in Lagos, that a closing gong ceremony was held on April 1 to honour Onyema. Also, Otunba Abimbola…
April 7, 2021
Key market indicators dropped further by 0.57 per cent at the nation’s bourse on Wednesday, on increased profit taking in banking and industrial sectors. The downturn was supported by investors’ portfolio readjustment ahead of first quarter earnings results. Specifically, the All-Share Index declined by 221.98 points or 0.57 per cent to close at 39,045.13, compared…
March 31, 2021
Nigeria’s total public debt portfolio as at December 31, 2020, stood at N32.92 trillion, The National Bureau of Statistics (NBS) has revealed. This was contained in the latest report of NBS, titled Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its official website on Monday. According to the report, N12.71 trillion…
March 29, 2021
The Chief Operating Officer of Ibom Air, Mr George Uriesi, on Saturday said the company would create four or five new domestic destinations before the end of 2021. Uriesi, who said this in Abuja at the“Abuja Jabamah Tourism Expo2021,” added that such effort would improve connectivity within the country. According to him, the move will…
March 28, 2021
The prices of fairly used cars known as ‘Tokumbo’ have skyrocketed due to tight border control and soaring exchange rates, the News Agency of Nigeria (NAN) reports. A cross-section of car dealers, who spoke with NAN in Abuja on Thursday, lamented that the development was stiffening them out of business. Alhaji Ali Adamu, a car…
March 25, 2021
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The Nigerian National Petroleum Corporation (NNPC) says it supplied 1.44 billion litres of Premium Motor Spirit (PMS) also known as petrol in January 2021. The corporation disclosed this on its Monthly and Financial Operations Report (MFOR) released in Abuja on Tuesday. “To guarantee energy security, the corporation also supplied a total of 1.44billion litres of…
April 13, 2021
The management of Dangote Cement Plc has explained why the prices of its product are higher in Nigeria than in other African countries. The Group Executive Director, in charge of Strategy, Portfolio Development and Capital Projects, Mr Devakumar Edwin, said the high cost of cement in Nigeria is due to the high exchange rate of…
April 13, 2021
Trading at the domestic equities market closed positive on Thursday with the market capitalisation increasing by N14 billion due to buying interest in tier 1 banks. The market capitalisation which opened at N20.286 trillion inched higher by N14 billion or 0.07 per cent to close at N20.300 trillion. Also, the All-Share Index grew by 25.80…
April 9, 2021
Dangote Sugar Refinery PLC (DSR) has denied an online publication claiming the company’s involvement in price-fixing and not transparently engaged in any Backward Integration Programme as claimed. “DSR wishes to vehemently refute the allegations and assertions in their entirety as the false allegations are geared at tarnishing the good name and brand of Dangote Sugar…
April 9, 2021
The Nigerian Stock Exchange (NSE) says Mr Oscar Onyema has completed his tenure as its Chief Executive Officer (CEO) after a 10-year period. Mr Olumide Orojimi, NSE Head of Corporate Communications, said in a statement on Tuesday in Lagos, that a closing gong ceremony was held on April 1 to honour Onyema. Also, Otunba Abimbola…
April 7, 2021
Key market indicators dropped further by 0.57 per cent at the nation’s bourse on Wednesday, on increased profit taking in banking and industrial sectors. The downturn was supported by investors’ portfolio readjustment ahead of first quarter earnings results. Specifically, the All-Share Index declined by 221.98 points or 0.57 per cent to close at 39,045.13, compared…
March 31, 2021
Nigeria’s total public debt portfolio as at December 31, 2020, stood at N32.92 trillion, The National Bureau of Statistics (NBS) has revealed. This was contained in the latest report of NBS, titled Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its official website on Monday. According to the report, N12.71 trillion…
March 29, 2021
The Chief Operating Officer of Ibom Air, Mr George Uriesi, on Saturday said the company would create four or five new domestic destinations before the end of 2021. Uriesi, who said this in Abuja at the“Abuja Jabamah Tourism Expo2021,” added that such effort would improve connectivity within the country. According to him, the move will…
March 28, 2021
The prices of fairly used cars known as ‘Tokumbo’ have skyrocketed due to tight border control and soaring exchange rates, the News Agency of Nigeria (NAN) reports. A cross-section of car dealers, who spoke with NAN in Abuja on Thursday, lamented that the development was stiffening them out of business. Alhaji Ali Adamu, a car…
March 25, 2021
