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Category: Business

Business Economy headline

Global economy avoids recession, growth remains unchanged at 3.2%

Iheanyi Ejiofor October 23, 2024 No Comments #Global economy#recession #growth #IMF

The International Monetary Fund says global growth is projected to remain unchanged at 3.2 per cent in 2024 and 2025 as inflation recedes. This is according to the IMF’s latest…

Read More Global economy avoids recession, growth remains unchanged at 3.2%
Business Economy headline

Dangote group to discontinue ₦100bn suit against NMDPRA, others 

Iheanyi Ejiofor October 22, 2024 No Comments #Dangote #(NMDPRA) #Suit

Our reporter/ The Dangote Group on Monday night said it will withdraw its ₦100bn suit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for granting import licenses to…

Read More Dangote group to discontinue ₦100bn suit against NMDPRA, others 
Business Economy headline

Nigeria approves $1.28bn Seplat-ExxonMobil deal 

Iheanyi Ejiofor October 21, 2024 No Comments #Seplat #Exxonmobil #Onshore assets

The federal government on Monday officially approved Seplat Energy’s purchase of Exxon Mobil’s onshore assets valued at $1.28bn. The approval was confirmed by the chief executive officer of the Nigerian…

Read More Nigeria approves $1.28bn Seplat-ExxonMobil deal 
Business Economy headline

Q3 2024: UBA grows net interest income by 149%, PBT up by 20% to N603 billion

Iheanyi Ejiofor October 21, 2024 No Comments #UBA #PBT #Net interest income

Riding on its recently released half-year financials, Africa’s Global Bank – United Bank for Africa (UBA) Plc, has announced its unaudited results for the third quarter ended September 30, 2024,…

Read More Q3 2024: UBA grows net interest income by 149%, PBT up by 20% to N603 billion
Business Economy headline

NNPC retail sensitizes over 1,000 auto mechanics on CNG adoption, Oleum lubricant range

Iheanyi Ejiofor October 19, 2024 No Comments #NNPC #CNG

As part of its efforts to accelerate the adoption of Compressed Natural Gas (CNG) as a cleaner and more affordable fuel alternative in Nigeria, NNPC Retail Limited (NRL), a subsidiary…

Read More NNPC retail sensitizes over 1,000 auto mechanics on CNG adoption, Oleum lubricant range

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