Business
NNPC, NEITI renew commitment to deepen transparency
The Nigerian National Petroleum Corporation, NNPC, and the Nigeria Extractive Industries and Transparency Initiative, NEITI, have renewed commitment to deepen transparency in their operations.
Group Managing Director of the NNPC, Mallam Mele Kyari, said the corpora [...]
Access Bank announces 15% growth at N764.7bn
Access Bank Plc says it hit 15 per cent growth in gross earnings of N764.7 billion for the financial year ended December 31, 2020, from the N666.75 billion posted in 2019.
The bank stated this in its audited gross earnings report, which showed that its profit before tax stood at N125.9 billion [...]
NDIC tasks ICAN-certified auditors on integrity
Professional auditors from the Institute of Chartered Accountants of Nigeria, ICAN, have been charged to uphold the core values of accuracy and integrity in order to earn public confidence and respect within the financial services industry.
Managing Director of the Nigeria Deposit Insurance Cor [...]
Katsina economic zones to boost investment- NEPZA
As government concludes plans to commence work on the cotton and medical tourism parks in Katsina State, the Managing Director of Nigeria Export Processing Zones Authority, NEPZA, Prof. Adesoji Adesugba, has said the special economic zones would improve the investment climate in the state.
Ades [...]
SMEDAN to complete Idu furniture, wood enterprises in 2021
Work on the Small and Medium Enterprise Development Agency of Nigeria’s furniture and wood enterprise cluster located in Idu Industrial Development Centre, Abuja, will be completed this year.
Director-Genera of SMEDAN, Dr. Dikko Radda, gave the assurance in Abuja while leading journalists [...]
Fuel price hike: NNPC awaits labour talks
The wobbling in Nigeria’s oil industry will create more shocks to its economy in April as indications have emerged that petrol could sell for as much as N200 per litre.
It became clear that the hike was looming, following increase in the actual cost of importation and handling charges to [...]
Inflation rises to 17.33%
Nigeria’s inflation maintained an upward swing in February 2021, towering at 17.33 per cent from 16.47 in January 2021.
A consumer price index, CPI, report by the National Bureau of Statistics, NBS, which was released last week, said the figures indicate 0.86 per cent points increase high [...]
FG under fire over $1.5bn refinery maintenance
Nigerians have strongly criticised the Federal Government’s approval of $1.5bn for the rehabilitation of the Port Harcourt refinery.
The Federal Executive Council, FEC, had on Wednesday, at a meeting presided by President Muhammadu Buhari in Abuja, approved the funds to rehabilitate the f [...]
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