Business

NPA Generates N191.4bn Revenue in First Half of 2023

NPA's Managing Director is projecting over N500bn revenue by year-end.

1 year ago

NNPC Upstream Plans 40bn Barrels Reserves by 2030, Seeks Investment in Pipelines Network

An official said many exploration companies now invest more in digital oilfield technology to increase production efficiency and reduce operating…

1 year ago

With Eyes on Major Oil Fields in Niger Delta, Nigeria Expects 1.8m Barrels Per Day Production by 2024

It was explained that NNPC in collaboration with its partners had resumed crude oil production in earlier challenged areas like…

1 year ago

CBN Raises Tenure Limit for Banks’ Chief Executives to 12 Years

It set a cumulative tenure limit of directors of the same bank at 24 years.

1 year ago

Nigeria’s Reversal of 5% Tax Will Avert Planned Hike in Telecoms Tariff, Operators Say

The five per cent excise duty is one of the 39 taxes imposed on telecoms operations across networks by the…

1 year ago

SAN, Sanusi Differ on Bankers Committee’s Position on Ecobank, Honeywell’s Dispute

The counsel to Ecobank said it was preposterous for anyone to contemplate that a decision of a Banker’s Committee is…

1 year ago

To Boost Long-term Financing, CBN Slashes Merchant Banks’ CRR to 10%

Specifically, this refers to the portion of deposits that banks are required to hold with the central bank.

1 year ago

Access Bank Expands Reach in Africa, Signs Deal to Buy Standard Chartered’s Subsidiaries in 5 Countries

The subsidiaries are in Angola, Cameroon, The Gambia, and Sierra Leone, and a Consumer, Private and Business Banking business in…

1 year ago

Nissan Recalls 699,000 Vehicles in Japan

A total of 699,000 units were affected in the country, with many having more than one fault, a spokeswoman for…

1 year ago

Momoh Oyarekhua: Modular Refineries Are More Cost Effective For Nigeria

He appealed to the government to make funds available to those who wish to establish modular refineries.

1 year ago