World Energy review reveals slump in Nigeria’s gas production • LNG Exports Drops To 19.6bcm, Lowest In Last Decade This may not be the best of time for Nigeria’s hydrocarbon sector, as its natural gas production declined to 40.4 billion cubic meters (bcm) in 2022. The June 2023 Statistical Review[Read More…]
Stock roundup: Investors trade N41.5bn shares in three days Investors in the Nigerian capital market traded 2.314 billion shares valued at N41.547 billion in 28,095 deals in three days last week. This however fell short of the 3.369 billion shares worth N41.986 billion traded by shareholders in 39,764 deals the[Read More…]
Sterling Bank launches tech-based solutions for stakeholders in the Nigerian education sector. Sterling Bank has recently launched Edubanc; an innovative tech-based solution to provide banking and social services for stakeholders in the education sector. The bank in a release said, the solution aims to improve current learning outcomes and business[Read More…]
FirstBank Introduces the First Humanoid Robot FirstBank has launched an industry first Humanoid Robot at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch. The robot is among the phased configuration of the banks state-of-the-art digitally led self-service branch. The Humanoid Robot is equipped with Video Banking and[Read More…]
Caption: L-R: MD/CEO FIDELITY Bank Plc, Mrs. Nneka Onyeali-Ikpe; MD/CEO NEXIM Bank, Mr. Abubakar Bello and founder Sapphital Learning Limited, Mr. Amu Ogbeide during the signing of the NEXA Memorandum of Understanding between Fidelity Bank, NEXIM Bank and Sapphital in Abuja. NEXIM partners Fidelity Bank, and Sapphital to[Read More…]
Naira sells N763/$ at CBN window, trading rises The naira has appreciated by 0.68 per cent against the United States dollar on the Investor & Exporter forex window. The local currency closed at N763/$ on Tuesday, compared to N768.17/$ at the close of trading on Monday. There was no trading[Read More…]
NACCIMA urges FG to Refrain from Merging FIRS, NIMASA, NCS The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has urged the Federal Government to refrain from implementing its proposed merger of the Federal Inland Revenue Service (FIRS), Nigerian Maritime Administration and Safety Agency (NIMASA) and[Read More…]
Tinubu renames airports after Buhari, Awolowo, Okadigbo, others President Bola Tinubu has announced the renaming of several federal airports after some prominent leaders in Nigeria. The Airport renaming was announced in a memo released by the Federal Ministry of Aviation and signed by the Director of Airport Operations,[Read More…]
Sterling Bank Accelerates Nigeria’s EV Race With Qore Nigeria’s leading commercial bank and one of Africa’s fastest-growing companies, Sterling Bank, has changed the course of Nigeria’s energy and transportation sectors with the launch of Qore; its suite of renewable energy-powered transportation solutions. A statement by the bank said, Qore will[Read More…]
Hyde Energy inaugurates LPG facility An indigenous energy trading company, Hyde Energy Limited, has inaugurated a new Liquefied Petroleum Gas (LPG) facility in Makurdi, the Benue State capital. The facility, with a capacity of 40MT, is expected to create jobs and boost the economy of the state, is located[Read More…]
