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Category: Economy

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
Business Economy

FBN Holdings appoints Adebowale Oyedeji, ex-Nova Bank MD, as GMD

Iheanyi Ejiofor October 19, 2024 No Comments #FBN #Adebowale Oyedeji #Nova Bank

Our reporter/ FBN Holdings Plc on Friday announced the appointment of Adebowale Oyedeji as group managing director (GMD). According to a statement by FBN Holdings, the appointment of Oyedeji, managing…

Read More FBN Holdings appoints Adebowale Oyedeji, ex-Nova Bank MD, as GMD
Business Economy headline

AfDB to establish $100m investment Bank for Nigerian youths

Iheanyi Ejiofor October 19, 2024 No Comments #AFDB #Entrepreneurship #Adesina #youths #bank

Our reporter/ The African Development Bank (AfDB) on Friday disclosed that it has concluded plans to establish a Youth Entrepreneurship Investment Bank for Nigeria which is part of its support…

Read More AfDB to establish $100m investment Bank for Nigerian youths

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