Business

NUPRC Issues New Laws To Regulate Nigeria’s Oil Sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has issued seven new regulations aimed at providing a regulatory environment that assures efficiency, predictability, clarity and effectiveness to the Nigerian oil and gas sector. NUPRC Chief Executive Gbenga Komolafe disclosed...

Equities Market Gains N4bn In 3rd Week Of May

Equities market closed with N28.9 trillion market capitalization as of Friday, May 26, as against N28.5 trillion it recorded on the first trading day on Monday, May 22, adding N5 billion in value. At the end of the last weekday...

Shareholders Applaud Access Corporation For N46.21bn Dividend

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The shareholders of Access Holdings Plc on Wednesday approved the board’s N46.209 billion final dividend payout for the year ended December 31, 2022, amounting to N1.30 final dividend payout per share They gave their approval at the Pan-African financial institution’s...

Electric Mass Transit Buses: Oando, LAMATA Revolution in Lagos

Oando Clean Energy Limited (OCEL), in partnership with the Lagos Metropolitan Area Transport Authority (LAMATA), last Tuesday commenced operations of its electric mass transit buses at the Lagos Bus Services Limited (LBSL) Head Office, Ilupeju, Lagos. A statement released by...

46 Years Of CBN Intervention

CBN INTERVENTION IN ZAMFARA STATE Introduction The real-sector development initiative of the Central Bank of Nigeria (CBN) was introduced to stimulate and sustain growth in key sectors of the economy, revive moribund industries, empower the youth population, explore the untapped potentials...

16 New Govs To Inherit N2.9trn Debt On Inauguration

Sixteen (16) first-term governors will be confronted with a total debt of N2.9 trillion, bequeathed to them by their predecessors, as they assume office on May 29, 2023. The amount comprises total domestic debt of N2.2 trillion and $1.6 billion...

SabiMONI: CBN Issues Guide on Usage of Platform

May 27, (THEWILL) - The Central Bank of Nigeria (CBN) has issued procedures on how individuals can set up a profile on the new digital financial literacy platform called SabiMONI. Last week, the apex bank Deputy Governor, Aishah Ahmad, announced...

‘Africa Holds World’s Future Talent Pool’

Africa, with its diverse cultures and people, has much to offer the world of work. In addition, the agility, resilience, and creativity of Africans, as well as their appetite to contribute to the global economy, make them the perfect...

Banks Can Now Issue NIN Cards to Nigerians – Minister

May 25, (THEWILL) – The federal government says Nigerians can now request their commercial banks to issue them with a debit card which doubles as their National Identity Card at no extra cost. The Minister of Communications and Digital...

South Africa Mulls Coal to Counter Energy Crisis

May 24, (THEWILL) – South Africa, which is going through an energy crisis, is weighing the possibility of extending the operational lives of two of its largest coal-fueled power plants to boost energy security, Oilprice.com reports Wednesday. The plants,...