Seplat energy board appoints Udo Udoma as chairman
Melvin Onwubuke The Board of Seplat Energy Plc, listed on both the Nigerian Stock Exchange and the London Stock Exchange, has announced…
Business
Oil drilling in Nigeria won’t stop – FG
Despite pressure from the West to cease investing in fossil fuels, Nigeria’s Federal Government said on Tuesday to Western countries in America…
Deloitte projects global upstream to generate $800bn
By Melvin Onwubuke Deloitte Consulting, a global consulting and related services firm, announced that the upstream of global oil and gas industry…
Marketers yet to get Dangote fuel after four weeks
By Melvin Onwubuke Oil marketers announced that, they were still anticipating the supply of refined products, weeks after the take off,…
CBN sells over $300m to deposit money banks
By Melvin Onwubuke The Central Bank of Nigeria in its efforts to stabilize the exchange rate has sold over $300 million…
CBN’s monetary policy will increase market dividends – Analyst
By Melvin Onwubuke The analyst at FBNQuest, asset management division of FBN Holdings, have projected a significant market yield for the…
MPC to raise interest rates on Monday despite high inflation – Analysts
Meristem Research analysts predict that the newly created Monetary Policy Committee would raise the Monetary Policy Rate during its meeting on Monday…
Why affordable housing can’t be realistic in Nigeria – Developers
By Melvin Onwubuke Developers have proposed better regulations to citizens access to land in the housing sector. This follows a media briefing…
BUA Foods record revenue, profit growth despite challenges
BUA Foods Plc reported a notable rise in revenue that drove profit and most likely affected the return to shareholders despite macroeconomic…
Climate Foundation, NESG partner to pilot energy transition plan
By Melvin Onwubuke The African Climate Foundation and National Economic Summit Group are partnering to provide, private sector support for Nigeria’s energy…
Afreximbank, denies payment of $3bn loan from NNPCL with $12bn
The President and Chairman of the Board of Directors of the African Export-Import Bank has denied that the Nigerian National Petroleum Corporation Limited’s $3.3…
CBN to stop BDC’s street trading, limit FX purchase to $500
The Central Bank of Nigeria is contemplating significant regulatory changes for Bureau De Change operators, as outlined in its revised guidelines. The…