HomeBusiness

Business

Electric Vehicle: NNPCL to Install Filling Stations’ Charging Ports

Electric Vehicle: NNPCL to Install Filling Stations’ Charging Ports The Nigerian National Petroleum Company Limited has announced plans to install charging ports across its filling stations nationwide to charge electric vehicles, as part of moves to reduce carbon emission. It also said the company would be...

Nigeria Rakes in $11b from Oil Exports in Five Months

Nigeria Rakes in $11b from Oil Exports in Five Months The Organisation of Petroleum Exporting Countries (OPEC), latest revenues fact sheet indicates that Nigeria earned about $11 billion from crude oil exports in the first half of the year. which revealed the figure, also projected that...

Nigeria Ready for Business, Consistent Policy – Tinubu

Nigeria Ready for Business, Consistent Policy - Tinubu President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment. The President spoke Monday while receiving the delegation of the Shell Petroleum Development Company (SPDC)...

CBN Moves To Partner FUTA On eNaira

CBN Moves To Partner FUTA On eNaira The Central Bank of Nigeria (CBN) on Monday sought the partnership of the Federal University of Technology Akure (FUTA) Ondo State, in adopting the newly introduced digital currency known as eNaira. The apex bank urged the university to adopt...

Financial Stocks Lead N41bn Turnover With 74%

Financial Stocks Lead N41bn Turnover With 74%   The financial services industry dominated, in volume terms, last week’s transactions on the floor of the Nigerian Exchange Limited (NGX). It led the activity chart with 1.7 billion shares valued at N24.7 billion traded in 14, 277 deals. It...

Banks’ Total Assets Rise By N16.65trn

Banks’ Total Assets Rise By N16.65trn   The Central Bank of Nigeria (CBN) has revealed that banks’ total assets from April 2022 to April 2023 rose by N16.65 representing a 25.88 per cent adding that Industry credit also increased by N4.54 trillion during the period under...