The exchange rate between the naira and the US dollar closed at N416.75/$1 at the official Investors and Exporters (I&E) window, falling lower compared to N416.67/$1 recorded in the previous trading session. The exchange rate depreciated further by 0.02% to…
Ecobank Nigeria has extended easy and low interest loans to market women in Idanre, Ondo State through its Ecobank Female Entrepreneurship Initiative (EFEI), to boost and expand their trading businesses. Unveiling the scheme at Owa’s Palace, Idanre, Head of Classic…
Savannah Energy has signed a new gas sales agreement in Nigeria, via its Accugas subsidiary. Picture shows; Nigerian gas infrastructure. Nigeria. Supplied by Savannah Energy Date; Unknown The company has agreed to provide up to 5 million cubic feet per…
Global energy leaders are set to discuss the way forward and strategies for management of Africa’s huge energy resources in the forthcoming Nigeria International Energy Summit (NIES 2022). The fifth edition of NIES 2022, with the theme “Revitalising the Industry:…
The management of the Nigeria Bulk Electricity Trading Company (NBET) has revealed that it was working assiduously with the Nigerian Electricity Regulatory Commission (NERC) to provide a framework aimed to increase electricity production in the country. The framework according to…
Sharp practices in Nigeria are not unknown, by profile, to be rolling on the surface. By all indications, sharp practices are known to be deep rooted in the Nigerian clime forming stronghold of negative forces in the Country. The broadening…
By Philemon Adedeji Nigerian Breweries PLC on Monday 21st of February 2022, Reported 72 per cent increase in profit for audited full year result and accounts for the period ended December 31, 2021. Also, the group reported N104.5 per cent…
Zenith Bank Plc share price continues to surpass GTCO’s, as investors’ rally in and take position in the banks’ shareholding ahead of its FY 2021 result disclosure, hence. taking the price to N26.95 per share, compared to GTCO’s share price…
Flour Mills of Nigeria Plc has announced the appointment of Ms. Yewande Sadiku to the Board of Directors of the company. The announcement was made today, via a disclosure signed by the company’s secretary, Umolu Joseph and filed with the…
By David Obio, Abuja The Federal Capital Territory Administration (FCTA) has partnered the Nigeria Communications Commission (NCC) on the redeployment of 5G broadband in Abuja. This was contained in a statement released to Nigerian NewsDirect by the Chief Press Secretary…
