Business Archives - Page 26 of 28

Business8 months ago

FBN Holdings appoints new GMD

Owners of First Bank, FBNHoldings, has appointed Adebowale Oyedeji as its new Group Managing Director (GMD), according to a corporate disclosure submitted to the Nigerian Exchange...
Business8 months ago

MTN introduces paper-based SIM cards

MTN Nigeria has introduced biodegradable, paper-based SIM cards as part of its broader efforts to support environmental sustainability under its Project Zero initiative. The telecom giant...
Business8 months ago

FG, states, LGs share N1.298tri revenue

The Federal Government, states, and local government councils have shared a total of N1.298 trillion as revenue for September 2024. The distribution was confirmed during the...
Business8 months ago

Dangote’s net worth doubles as refinery begins operations

Aliko Dangote, Nigerian billionaire and Chief Executive Officer of Dangote Refinery, has seen his fortune rise significantly to $28 billion, driven by the launch of operations...
Naira

Naira

Business8 months ago

Nigeria will benefit from Naira depreciation – CBN gov, Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described the depreciation of the naira as an opportunity for the country to enhance...
Business8 months ago

Naira hits record low, trades at N1,705/$ at parallel market

The value of the naira has continued its downward trend, depreciating further in the unofficial market, trading at ₦1,705 to the dollar on Wednesday, according to...
Aerial view of Nigeria Liquefied Natural Gas (NLNG) plant at Bonny Island in Rivers State on March 22, 2013. Shell Petroleum Development Company of Nigeria (SPDC) has threatened to shut down production in April for nine days in the entire Nembe Creek Truck Line (NCTL) to remove a number of bunkering points on pipelines vandalised by oil thieves in the region. "Whenever we observe a spill, or have a spill on our lines, we shut down production to depressurize and isolate the line, only then can we safely repare our lines because it is then safe to manipulate the line", said Jurgen Jonzen, SPDC corporate pipeline asset manager. Last year, 157 bunkering points were removed and 116 were leaking on the whole SPDC exploitation. Since 2009, SPDC has exprienced an upsurge in vandalisation of pipeline network by criminals causing severe environmental devastation of the region and forcing the company to lose 60 000 barrels daily this year. AFP PHOTO / PIUS UTOMI EKPEI

Aerial view of Nigeria Liquefied Natural Gas (NLNG) plant at Bonny Island in Rivers State on March 22, 2013. Shell Petroleum Development Company of Nigeria (SPDC) has threatened to shut down production in April for nine days in the entire Nembe Creek Truck Line (NCTL) to remove a number of bunkering points on pipelines vandalised by oil thieves in the region. "Whenever we observe a spill, or have a spill on our lines, we shut down production to depressurize and isolate the line, only then can we safely repare our lines because it is then safe to manipulate the line", said Jurgen Jonzen, SPDC corporate pipeline asset manager. Last year, 157 bunkering points were removed and 116 were leaking on the whole SPDC exploitation. Since 2009, SPDC has exprienced an upsurge in vandalisation of pipeline network by criminals causing severe environmental devastation of the region and forcing the company to lose 60 000 barrels daily this year. AFP PHOTO / PIUS UTOMI EKPEI

Business8 months ago

Nigeria’s oil production declines by 1.7% in September – Reports

Nigeria’s oil production, including condensates, witnessed a decline in September 2024, falling to 1.544 million barrels per day (bpd) from 1.570 million bpd in August. This...
Business8 months ago

NNPCL okays marketers to lift petrol at lower price as DSS intervenes

The Department of State Services (DSS) has intervened in the dispute between the Nigerian National Petroleum Company Limited (NNPCL) and petroleum marketers in the country. Following...
Business8 months ago

Dangote to begin crude production -Report

The Dangote Group, owners of the Dangote Refinery, has put mechanism in place to commence crude oil production. According to reports by S&P Global Commodity Insights,...
Petrol Tanker Drivers

Petrol Tanker Drivers

Business8 months ago

Nigerian govt increases landing cost of petrol

The Nigerian government has increased the landing cost for imported premium motor spirit (PMS), also known as petrol, by 4% to N956.13 per litre in October...

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Platinum Post News

FBN Holdings appoints new GMD

MTN introduces paper-based SIM cards

FG, states, LGs share N1.298tri revenue

Dangote’s net worth doubles as refinery begins operations

Nigeria will benefit from Naira depreciation – CBN gov, Cardoso

Naira hits record low, trades at N1,705/$ at parallel market

Nigeria’s oil production declines by 1.7% in September – Reports

NNPCL okays marketers to lift petrol at lower price as DSS intervenes

Dangote to begin crude production -Report

Nigerian govt increases landing cost of petrol

8-year-old schoolgirl escapes from kidnappers in Akwa Ibom

BDC operators in trouble as recapitalisation deadline ends today

Bandits release Yakubu Dada whose wife was killed in captivity, after ransom payment

JUST IN: Ondo Assembly deputy speaker, majority leader resign

Police rescue abducted Nasarawa traditional ruler

Sallah: Civil servants to receive June salaries from Monday – Sokoto gov

BREAKING: 20 Kano athletes die while returning from sports festival

Dangote Refinery to import 5 million barrels of US crude in July

JUST IN : Nigerian gov declares Monday work-free day

Nigerian football star, Ahmed Musa, marries 4th wife

House of Reps orders Remita to refund N182.76bn withheld from TSA