Tag: Nigeria Business Now

Kerosene prices rise by 57.18% in August — NBS

Kerosene prices rise by 57.18% in August — NBS Household kerosene prices surged by 57.18 per cent, reaching N1,272.40 per litre in August, according to the National Bureau of Statistics. The NBS’ National Household Kerosene Price Watch report noted that this sharp increase from last year’s N809.52 in August 2022[Read More…]

NNPCL says no plans to hike petrol

NNPCL says no plans to hike petrol   The Nigerian National Petroleum Company Limited (NNPCL) has  debuted reports that it is planning to increase pump price of Premium Motor Spirit (petrol) as unfounded lies. In a statement posted on Friday on its official X handle (formerly Twitter) the management of[Read More…]

10 finalists emerge at Wema Bank’s Hackaholics

10 finalists emerge at Wema Bank’s Hackaholics   Ten finalists on Monday, emerged at Wema Bank’s Hackaholics 4.0. grand finale pre-pitch competition. The finalists won over N50m cash prizes, aimed to boost innovation and technologies to create a solution-driven environment. According to the bank, “Wema Bank’s youth & start-up-focused initiative[Read More…]

NCDMB seeks cost reduction at oil & gas park

NCDMB seeks cost reduction at oil & gas park   The Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote has pushed for a virile manufacturing sector that will not only create the much-needed employment opportunities, but also have a multiplier effect on the economy. This is[Read More…]

NDIC Commences N16bn Payment To 20 Defunct Banks’ Stakeholders

NDIC Commences N16bn Payment To 20 Defunct Banks’ Stakeholders   The announcement comes after impressive recoveries from debtors and realisation of assets of banks in liquidation, the corporation says.   The Nigeria Deposit Insurance Corporation (NDIC) has announced the declaration of N16.18 billion in liquidation dividends to depositors, creditors, and[Read More…]

NSEMA releases Niger boat accident victims’ names

NSEMA releases Niger boat accident victims’ names   The Niger State Emergency Management Agency, on Wednesday, released the names and photos of some recovered bodies of victims of the boat accident which occurred on Monday morning. According to The PUNCH, NSEMA spokesman, Hussaine Ibrahim in a telephone said one of[Read More…]