Zenith Bank grows quarterly earnings by 22%
Zenith Bank Plc’s gross earnings rose by 22 per cent in the first quarter of 2022. The lender’s earnings rose from N157.3bn in the first quarter of 2021 to N191.5bn…
Protesting oil workers ground activities at Warri refinery
Operational activities were, on Thursday, grounded at the Warri Refining and Petrochemical Company, Delta State, as hundreds of casual workers staged a peaceful protest inside the company against the management…
Nigeria’s proven gas reserves worth over $803.4tn – FG
THE Federal Government on Thursday said the value of Nigeria’s proven gas reserves of about 206.53 trillion cubic feet was over $803.4tn, adding that the country had the most extensive…
COVID-19 stalled deployment of 60,000 tractors, agric equipment – FG
The Federal Government on Thursday said the deployment of 10,000 tractors and 50,000 units of assorted agricultural equipment across the country did not materialise because of the outbreak of the…
Agents, policies blamed as abandoned ships litter Nigerian waters
In Nigeria, it is normal to detain ships and allow them to sink or rot away. In this piece, this story looks at the possible causes of this anomaly and…
Premium Trust Bank commences operations, promises service delivery
Premium Trust Bank has launched its first branch in Port Harcourt, Rivers State, joining the list of licensed commercial banks operating in Nigeria. The bank said in a statement that…
Consultant to get N853m for Ajaokuta Steel, firm’s concessions – FG
THE Federal Executive Council on Wednesday approved the engagement of transaction advisors for consultancy services for the concession of Ajaokuta Steel Company Limited and the National Iron Ore Mining Complex…
PENGASSAN moves to stop casualisation in oil industry
The Petroleum and Natural Gas Senior Staff Association of Nigeria says it will ensure that issues of casualisation in the oil and gas industry are reduced to a minimal level.…
UK FDI deals to yield $300m for Nigeria
The United Kingdom and Nigeria on Tuesday held trade and investment talks at the Economic and Development Forum in London, to promote trade and boost a partnership worth over £3bnn.…
SIM-NIN: Telcos lose N76bn, subscribers stranded
Telecommunication companies have lost about N75.78bn as subscribers struggle to link their National Identification Number to the Subscriber Identity Module, about 22 days after the Federal Government directed telecom companies…
Clearing agents kick as Customs re-introduces e-valuation next week
Clearing agents operating in the nation’s maritime sector have kicked against the planned re-introduction of e-valuation of imported vehicles by the Nigeria Customs Service next week. At the launch of…
Oil production: Nigeria leads Q1 shortfall, World Bank cites sabotage
The World Bank has said Nigeria has the largest shortfall among oil-producing countries due to sabotage within the oil production system and other factors, such as low investments and the…
