Business & Finance

Union Shuts Down Heritage Bank Head Office Over Al

Thursday, April 18, 2024
The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), has shut down Heritage Bank rsquo;s head office in Lag ...

Global Oil Production Fell By 1.2 Mbpd In February - Reports

Thursday, April 18, 2024
According to the latest data by the Joint Organisations Data Initiative showed on Wednesday, the world rsquo;s crude oil production dropped by 1.2 million barrels per day in February compared to the same month last year as steep output declines in Saudi Arabia and Iraq were partially offset by a lar ...

$3.8bn Gas Supply Agreement To Be Executed In May

Thursday, April 18, 2024
The Federal Government announced on Monday, that the Gas Supply and Purchase Agreement to support the Final Investment Decision for the $3.8bn Brass methanol project is to be executed in May 2024. The Brass methanol project can be seen as a major industrial project being built in Bayelsa State to ...

NPA Gets $700m Loan From Citibank For Apapa, Tincan Ports Rehabilitation

Thursday, April 18, 2024
The Nigerian Ports Authority has disclosed that it secured a $700m loan from Citibank for the rehabilitation of the Apapa and Tincan Island Ports in Lagos. The loan was funded by the UK Export Finance, an export credit agency, This was disclosed by the NPA in a statement on Wednesday, said it ...

International Renewable Energy Agency (IRENA) Ready To Implement New Approach T

Thursday, April 18, 2024
The International Renewable Energy Agency (IRENA) has disclosed its plans for a new approach to energy security amidst geopolitical concerns and a push from fossil fuels. IRENA in its lsquo;Geopolitics of the energy transition: Energy Security rsquo; reports released at the ongoing 14 Assembly, ...

Rainstorm Displaced 1300 Residents In Oyo, Destroyed Multi-Million Properties— N

Wednesday, April 17, 2024
The National Emergency Management Agency (NEMA) has said that its assessment of the rainstorm disaster that ravaged the Iresa Apa Community in the Surulere Local Government Area of Oyo State affected about 1,300 people residents and destroyed properties worth millions of Naira. The agency in a st ...

A Three-Day Ultimatum Issued By NCAA For Review Of Private Aircraft Operators' l

Wednesday, April 17, 2024
In order to sanitise the general aviation segment of local aviation, the Civil Aviation Authority (CAA) Nigeria, yesterday, have issued a three-day ultimatum for all private operators and holders of non-commercial flight permits to submit for a re-evaluation. The directive memo, signed by the Act ...

For Labeling, Nigeria Startup Act Attracts 12,948 Small Businesses

Wednesday, April 17, 2024
An estimated number of 12,948 startups have so far been registered through the Nigeria Startup Act. The National Information Technology Development Agency (NITDA), which disclosed this, stated that they were registered for labeling. The registration, done through the startup portal, is seen as th ...

FG Urges Operators To Focus On Investment Expansion In Oil, Gas Sector

Wednesday, April 17, 2024
The Federal Government has urged oil and gas operators to seek ways of raising capital to expand their investment and tackle myriads of problems facing the sector, especially leveraging the nation rsquo;s capital market. Minister of States for Petroleum Resources, Heineken Lokpobiri, while speaki ...

Afriland Properties Urges Govt To Reduce Cost Of Borrowing For Mortgage Properti

Wednesday, April 17, 2024
Afriland Properties Plc has advised the Federal Government to shift focus to the housing sector and ensure that people borrow for mortgage properties at a reduced rate over a long period of time to bridge nation rsquo;s huge housing deficit. This was disclosed by the Chairman of the company, Emma ...
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