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Category: Economy

Business Economy

FirstBank commemorates its annual corporate responsibility & sustainability week

Iheanyi Ejiofor August 20, 2024 No Comments #corporate responsibility#Firstbank

FirstBank, the West African premier financial institution and financial inclusion services provider is proud to announce its 2024 Corporate Responsibility and Sustainability (CR&S) Week, scheduled for 19 to 24 August.…

Read More FirstBank commemorates its annual corporate responsibility & sustainability week
Business Economy headline

Sale of crude oil in Naira to Dangote, others wil commence October 1 – FG

Iheanyi Ejiofor August 19, 2024 No Comments #crude oil#Dangote#Wale Edun

Our reporter/ The federal government on Monday said sales of crude oil to Dangote Refinery and other local refineries in local currency will commence on October 1, 2024. The minister…

Read More Sale of crude oil in Naira to Dangote, others wil commence October 1 – FG
Business Economy headline

NNPC releases 2023 audited financial statement, posts N3.3trn net profit

Iheanyi Ejiofor August 19, 2024 No Comments #audited report#NNPC

…Declares N2.1trn dividend …Targets 2mbpd crude oil production by Dec 2024   The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at…

Read More NNPC releases 2023 audited financial statement, posts N3.3trn net profit
Business Economy headline

Tinubu gives NNPC approval to spend federation’s dividends to defray petrol subsidy payments – Report

Iheanyi Ejiofor August 19, 2024 No Comments #dividend#federation account#NNPC#petrol subsidy#Tinubu

After months of denying the existence of subsidy, President Bola Tinubu has approved a request by the Nigerian National Petroleum Company (NNPC) Ltd to utilise the 2023 final dividends due…

Read More Tinubu gives NNPC approval to spend federation’s dividends to defray petrol subsidy payments – Report
Business Economy headline

NNPCL denies owing foreign oil traders $6.8bn

Iheanyi Ejiofor August 19, 2024 No Comments #NNPCL#Oil traders

Our reporter/ The Nigerian National Petroleum Company Limited (NNPCL) on Sunday denied a report claiming that it owes international oil traders $6.8 billion. Chief Corporate Communications Officer of the oil…

Read More NNPCL denies owing foreign oil traders $6.8bn

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