Business

Ecobank Nigeria’s MD lauds FG on Eurobond offering

The Managing Director, Ecobank Nigeria, Mr. Patrick Akinwuntan , has described the Federal Government’s plan for a Eurobond issuance in the International Capital Market (ICM) as a step in the right direction, stressing that the fundamentals and potentials of the nation’s economy are strong with capacity to meet its debt obligations.   Akinwuntan, who was […]

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Business

NGX set for TechNovation conference

Nigerian Exchange (NGX) Limited is set to host the inaugural edition of its TechNovation Conference on September 30, 2021.   NGX TechNovation Conference is a flagship event that provides a platform for local and global technology leaders to syndicate conversations around technology, partnerships and innovation that can advance technology adoption in the Nigerian capital market. […]

Business

NDIC, Heritage Bank, others support FICAN’s anniversary

Banking and Finance stakeholders are set to participate at the 2021 Annual Conference and 30th anniversary celebration of the Finance Correspondents Association of Nigeria (FICAN). According to a statement from the association, the Nigeria Deposit Insurance Corporation (NDIC), the Securities and Exchange Commission (SEC), the Central Bank of Nigeria (CBN) and the Central Securities Clearing […]

Business

Royal Exchange sees N448m gross premium in Q4’21

Royal Exchange Plc has projected to achieve N448.257 million gross written premium for the fourth quarter ending December 31, 2021. In its Q4 earning forecast obtained from the Nigerian Exchange Limited (NGX), the insurance firm also projected N70.157 million as profit after tax and N103.172 million as profit before tax for the period.   The […]

Business

Chevron targets $10bn in lower-carbon investments by 2028

Chevron Corp. plans to triple its total capital investment to $10 billion through 2028 to grow its lower carbon energy businesses.   The operator said it had set growth targets for renewable fuels, hydrogen, and carbon capture through 2030.   The company intends to grow renewable natural gas production to 40,000 MMbtu/d to supply a […]

Business

Business offering: Truecaller lists Nigeria, others as major market boost

Truecaller has announced a milestone of 500 customers for its Truecaller for Business offerings.   According to the call identifier app, this success has been achieved within a few months of conscientious efforts by the team in helping brands connect with their customers better.   The businesses are from over 25 countries, including Nigeria, Kenya […]

Business

Oil & gas: Scrutinising gains from strategic reforms

The need to sustain recent positive developments in the oil and gas sector as heralded by the nation’s oil company has dominated discourse, stakeholders and critics. REGINA OTOKPA reports   About a week ago, the Nigerian National Petroleum Corporation (NNPC) published its third Audited Financial Statement (AFS).   The first AFS first published in 2020, […]

Business

COVID-19: Delta variant clouding world oil demand prospects – OPEC

THE Organisation of Petroleum Exporting Countries (OPEC) says world oil demand prospects going into the last quarter of 2021 is being clouded by increased risk of the COVID-19 Delta variant.   OPEC made this known in its Oil Market Report for September 2021 which was obtained by the News Agency of Nigeria ( NAN) in […]

Business

Oil marketers laud FG’s push for cooking gas

Follow global clamour for zero carbon emission, members of the Major Oil Marketers Association of Nigeria (MOMAN) have commended the Federal Government over its campaign to ensure widespread deployment and usage of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, in the country.   Speaking in a virtual meeting with energy reporters, the new […]

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