1. ExxonMobil Reports Record Q1 Profits of $11.4bn
Oil giant, ExxonMobil’s profits more than doubled in the first three months of this year, helped by the increased demand for oil and gas, a Reuters report has said… Read more
Source: https://www.thisdaylive.com/index.php/2023/05/02/exxonmobil-reports-record-q1-profits-of-11-4bn/
2. Telecoms operators seek exclusion from controversial NITDA Bill
Telecommunications operators have kicked against their inclusion in the regulation by the National Information Technology Development Agency (NITDA) under the planned NITDA Bill currently being debated at the National Assembly… Read more
3. Nigeria’s Average Crude Oil Production Climbs 15% in 2023
Despite its perennial underproduction in the last two years, Nigeria has been able to ramp up its crude oil output compared to its budget benchmark from an average of about 60 per cent to 75 per cent between H2, 2022 and Q1, 2023, data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed… Read more
4. Zuba estate: Housing supply will reduce multidimensional poverty – Buhari
The President Major General Muhammadu Buhari (retd.) has described housing deficit as one of the indices of multi-dimensional poverty… Read more
Source: https://punchng.com/zuba-estate-housing-supply-will-reduce-multidimensional-poverty-buhari/?amp
5. MTN Nigeria faces N1.48bn lawsuits over electrocution, others
MTN Nigeria is battling with several lawsuits that have amounted to legal claims of over N1.48 billion, the company’s first quarter (Q1) financial result for 2023 disclosed… Read more
Source: https://www.ripplesnigeria.com/mtn-nigeria-faces-n1-48bn-lawsuits-over-electrocution-others/
6. FG Commence Plans to Revive Nigeria’s Rubber Production
The Federal Ministry of Agriculture and Rural Development (FMARD), has commenced steps to resuscitate rubber production in Nigeria in its bid to increase national wealth creation and boost supply of raw materials for local industries… Read more
7. OPSN opposes excise tax increase, demands reversal
The Organised Private Sector of Nigeria on Tuesday demanded the immediate reversal of the recently announced increase in excise rates, saying it would grossly affect businesses and the Nigerian economy… Read more
Source: https://punchng.com/opsn-opposes-excise-tax-increase-demands-reversal/?amp
8. Access Bank tightens control over E-tranzact operating policies with N12.43bn investment
Access Bank, a subsidiary of Access Holdings, has increased its controlling stake in the fintech company, E-tranzact, to 37.56 per cent as of December 2022… Read more
9. JP Morgan acquires failed US bank
JP Morgan Chase has taken over the troubled US bank First Republic in a deal brokered by regulators… Read more
Source: https://punchng.com/jp-morgan-acquires-failed-us-bank/?amp
10. Bank loans to private sector hit N43tn
Nigerian banks extended N1.3 trillion in credit to private sector players during the first quarter of 2023, bringing the total to N43 trillion… Read more
Source: https://www.ripplesnigeria.com/bank-loans-to-private-sector-hit-n43tn/
