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Category: Economy

Business Economy

NNPC chief emphasizes role of gas in driving economic growth, industrial development

Iheanyi Ejiofor April 11, 2024 No Comments #NNPC

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas in fuelling economic growth…

Read More NNPC chief emphasizes role of gas in driving economic growth, industrial development
Business Economy

Falling diesel prices will bring down inflation, says Dangote

Iheanyi Ejiofor April 11, 2024 No Comments #Dangote#diesel prices

Our reporter/ The President of Dangote Group, Aliko Dangote on Wednesday said Nigerians should expect a drop in inflation given the reduction of diesel pump prices. The African richest man…

Read More Falling diesel prices will bring down inflation, says Dangote
Business Economy headline

Air Peace Lagos-London entrance sparks price war among airlines

Iheanyi Ejiofor April 10, 2024 No Comments #Air Peace

Our reporter/ Foreign airlines on Wednesday further slashed airfares on the Lagos-London route to compete with Air Peace, which recently commenced flight operations on the route. Air Peace started direct…

Read More Air Peace Lagos-London entrance sparks price war among airlines
Business Economy headline

Full Year 2023: UBA gross earnings rises by 143% YoY, profit hits N757.7bn

Iheanyi Ejiofor April 9, 2024 No Comments #UBA

….Declares N2.30 kobo Final Dividend ….Total Assets Rise by 90.2% to N20.65 trillion ….Shareholders’ Funds Hits N2.0tn, achieving an impressive growth of 120.2%. In another unprecedented performance, Africa’s Global Bank,…

Read More Full Year 2023: UBA gross earnings rises by 143% YoY, profit hits N757.7bn
Business Economy headline

NNPC faces $3 billion backlog on petrol payments as subsidy returns – Report

Iheanyi Ejiofor April 9, 2024 No Comments #NNPC#subsidy

Nigeria’s state-oil company NNPC owes around $3 billion to fuel traders for imported petro as the tumbling naira currency and rising global fuel prices have increased the effective subsidy it…

Read More NNPC faces $3 billion backlog on petrol payments as subsidy returns – Report

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