business news,insider business news on Businesspost Nigeria May 21, 2024

Business

No Plan To Hike Fuel Price—NNPC Assures

August 10, 2016

Nigerians have been guaranteed that there would not be an increase in the pump price of Premium Motor Spirit (PMS) commonly called petrol. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, said this while reacting to speculations that the price of the commodity would soon be reviewed upward due to scarcity and high exchange rate

CBN Extends BVN Registration For Diaspora Customers

August 10, 2016

Economy

The Central Bank of Nigeria (CBN) has announced the extension of registration for the Bank Verification Numbers (BVN) for Nigerian customers living abroad. In a circular released on Tuesday by the Director, Banking and Payment System of CBN, Mr Dipo Fatokun, the apex bank advised all bank customers in the diaspora to ensure that they have attached their BVN to

PHOTO NEWS: IEDP, BANKSETA at NSE Office

August 10, 2016

Economy

Some members of the International Executive Development Programme (IEDP) were on Wednesday, August 10, 2016, at the office of the Nigerian Stock Exchange (NSE). On ground to receive the team were top shots of the NSE and the Lagos Business School (LBS).

Lagos To Broaden Youth Capacity In Agriculture

August 10, 2016

Economy

Lagos State Government, through the Ministry of Agriculture has restated its commitment to broaden capacity and stimulate the interest of youths in all value chains in the agriculture sector through intensive training and skill acquisition programmes. The Commissioner for Agriculture, Toyin Suarau stated this during his working visit to the designated camp of the Agriculture Summer School programme for Secondary

I Will Grow NNPC Under My Watch—Baru

August 10, 2016

Economy

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr Maikanti Kachalla Baru, has reinstated his desire to take the organisation to greater heights. Speaking at his maiden town hall meeting with members of staff at the NNPC Towers in Abuja on Wednesday, Karu said NNPC under his watch will continue with the previous initiatives to further grow the

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Politics

NLNG Charters Climate-Friendly Vessel to Reduce Carbon Emission

May 21, 2024

General

By Adedapo Adesanya The Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria LNG Limited (NLNG), has chartered a new build vessel, AKTORAS, in a strategic move to diversify and reduce the carbon footprint of its shipping portfolio. Founded in 1989, BGT provides shipping capacity to NLNG’s operations and has been instrumental in solidifying NLNG’s reputation as a major liquified

Analysts Expect CBN to Raise Rate to 25.75% to Attract Hot Money

By Aduragbemi Omiyale To attract Foreign Portfolio Investments (FPIs) so as to

May 21, 2024

NASD Index Declines by 0.01%

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange opened the week

May 21, 2024

Naira Value Improves by 1.9% at Official Market

By Adedapo Adesanya The Naira value improved by 1.9 per cent or

May 21, 2024

Oil Eases as US Inflation, Interest Rate Outweigh Iran President Death

By Adedapo Adesanya Oil eased on Monday as US Federal Reserve officials

May 21, 2024

Travel

Emirates Airlines Lifts Suspension on Nigeria, Resumes Operations October 1

By Adedapo Adesanya Emirates Airlines says it will resume services to Nigeria from October 1, 2024,

EFCC Charges Hadi Sirika, Brother On Fresh Allegations of N19.4bn Fraud

By Adedapo Adesanya The Economic and Financial Crimes Commission (EFCC) has charged former Minister of Aviation

Key Benefits of Obtaining Caribbean Golden Passport

Getting Caribbean citizenship by investment is a real way to open up a whole world with

Moniepoint thriving hospitality industry

Thriving Hospitality Industry Essential for Nigeria—Moniepoint CEO

By Aduragbemi Omiyale The chief executive of Moniepoint Microfinance Bank, Mr Babatunde Olofin, has posited that

Minister Orders NCAA to Suspend Dana Air Operations

By Modupe Gbadeyanka Flight operations of Dana Air have been suspended on the directive of the

Latest

Economy

Kyari Advises Local Businesses to Consider Investment in Gas

By Adedapo Adesanya The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, has tasked local businesses to make more money from gas in Nigeria, a development that has seen renewed interest in making investments

May 17, 2024

Economy

Airtel Africa, Others Revive Local Bourse by 0.84% Despite Bearish Sentiment

By Dipo Olowookere The Nigerian Exchange (NGX) Limited ended in the green territory on Thursday after it gained 0.84 per cent, thanks to Airtel Africa and some insurance equities. However, investor sentiment at the local bourse remained weak as a result of

May 17, 2024

Economy

Tinubu Predicts 25% Improvement in Gas Supply in Coming Weeks

By Adedapo Adesanya President Bola Tinubu has said Nigeria’s gas supply will grow by 25 per cent in the coming weeks, in line with the renewed hope agenda of the federal government, to utilise Nigeria’s abundant gas resources towards revamping the nation’s

May 16, 2024

Banking

BoI to Pilot Scheme for Youth, Women Entrepreneurs in Rural Areas

By Adedapo Adesanya The Bank of Industry (BoI) has introduced the Rural Area Programme on Investment and Development (RAPID), which aims to empower youth and women-led businesses in underserved regions. RAPID is to provide capital and opportunities to rural communities, in addressing

May 16, 2024

Economy

FG Records N318.5bn Revenue Inflow in Q1 2024—Accountant-General

By Adedapo Adesanya The federal government recorded a revenue inflow of N318.5 billion between January and March 2024, says the Accountant-General of the Federation, Mrs Oluwatoyin Madein. Mrs Madein made the disclosure when she appeared before an interactive session organised by the

May 16, 2024

Tosin Enioorunda, Group CEO Moniepoint Inc

Banking

Financial Times Names Moniepoint Africa’s Fastest-Growing Financial Institution

By Modupe Gbadeyanka The rapid revenue growth of Moniepoint, a leading Nigerian financial institution, has been confirmed by a global media platform, Financial Times. The world’s leading financial publication recently ranked the Nigerian lender as the fastest-growing financial institution in Africa. It

May 16, 2024

Mokgweetsi Masisi Botswana President US-Africa business summit

World

US-Africa Business Summit: Partnering for Sustainable Success

By Kestér Kenn Klomegâh The Corporate Council on Africa (CCA) held the US-Africa business summit in Dallas, Texas, on May 6-9 with the theme US-Africa Business: Partnering for Sustainable Success gathered several African leaders, senior US and African government officials, and corporate

May 16, 2024

Economy

CBN Grants 14 New IMTOs Licences in Push to Boost FX Liquidity

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has granted 14 new International Money Transfer Operators (IMTOs) Approval-in-Principle (AIP) as part of efforts to double foreign exchange remittance flows through official channels. This was disclosed in Abuja on Wednesday by the

May 16, 2024

Travel/Tourism

Emirates Airlines Lifts Suspension on Nigeria, Resumes Operations October 1

By Adedapo Adesanya Emirates Airlines says it will resume services to Nigeria from October 1, 2024, operating a daily service between Lagos and Dubai. In a statement on Thursday, the airline, with its hub in the United Arab Emirates (UAE), said flight

May 16, 2024

General

Okei Lauds Igbinadolor’s Appointment to Edo PDP Campaign Council

By Modupe Gbadeyanka The appointment of Mr Phillip Igbinadolor to the campaign council of the Peoples Democratic Party (PDP) in Edo State has been applauded by the President of South Carolina Organization of African Unity (OAU), Mr Tonna Okei. In a statement

May 16, 2024

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General

NLNG Charters Climate-Friendly Vessel to Reduce Carbon Emission

May 21, 2024

By Adedapo Adesanya The Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria LNG Limited (NLNG), has chartered a new build vessel, AKTORAS, in

Economy

Analysts Expect CBN to Raise Rate to 25.75% to Attract Hot Money

May 21, 2024

By Aduragbemi Omiyale To attract Foreign Portfolio Investments (FPIs) so as to achieve a stable exchange rate system, the Central Bank of Nigeria (CBN)

Economy