1. Our petroleum products to hit market July – Dangote
The Chairman of Dangote Group, Aliko Dangote, has said that the first tranche of petroleum products from the refinery will be supplied to the market before the end of July… Read more
Source: https://punchng.com/our-petroleum-products-to-hit-market-july-dangote/?amp
2. Q1: Dangote Cement, MTN, Others’ OPEX Reached N1.01trn as Inflation, FX Scarcity Persist
MTN Nigeria Communication Plc, Dangote Cement Plc, and 15 other listed companies on the Nigerian Exchange Limited (NGX) saw their operating expenses to income up by 31per cent in first quarter of (Q1) 2023 over double-digit inflation rate, foreign exchange scarcity worsened by the general elections and slow growth in the nation’s economy… Read more
3. Snake Island to attract $1bn private investment -Official
The Chairman and Chief Executive Officer of Nigerdock, Maher Jarmakani, has said that the new 45-year concession agreement for Snake Island Port with the Federal Government will attract about $1bn in private investment… Read more
Source: https://punchng.com/snake-island-to-attract-1bn-private-investment-official/?amp
4. Caverton Records N566m Profit before Tax in Q1
Caverton Offshore Support Group Plc, has announced its unaudited results for the period ended 31st March 2023. The results show a Profit-Before-Tax of N566 million… Read more
Source: https://www.thisdaylive.com/index.php/2023/05/22/caverton-records-n566m-profit-before-tax-in-q1/
5. Dangote Refinery opens, eyes crude from three continents
As the Dangote Refinery begins operations on Monday (today), the 650,000 barrels per day oil processing facility has been designed to process crude oil grades from the three continents of Africa, Asia and America… Read more
Source: https://punchng.com/dangote-refinery-opens-eyes-crude-from-three-continents/?amp
6. Experts Blames Hoarding as Currency Outside Banks Rise to N2.34trn in April
Currency outside the banks has spiked for the fourth consecutive month to N2.08trillion in April 2023, about 87.43 per cent of total currency in circulation (CIC) that closed that month under review at N2.38trilllion… Read more
7. Nigeria has not defaulted in repaying Chinese loans – DMO
The Debt Management Office has refuted the claim by a non-governmental organisation, Socio-Economic Rights and Accountability, that Nigeria has defaulted in repaying its Chinese loans… read more
Source: https://punchng.com/nigeria-has-not-defaulted-in-repaying-chinese-loans-dmo/?amp
8. Real estate firm, communities sign MoU on electricity
A real estate firm, Pelican Valley, has recently entered into a Memorandum of Understanding with the representatives of the Ijeun Ariobiologbo and Arowa communities in Ogun State… Read more
Source: https://punchng.com/real-estate-firm-communities-sign-mou-on-electricity/?amp
9. Adoption of eNaira disappointingly low – IMF
The International Monetary Fund has described the public adoption of the eNaira as disappointingly low… Read more
Source: https://punchng.com/adoption-of-enaira-disappointingly-low-imf/?amp
10. Aircraft monitoring: NAMA installs radar at Abuja, Lagos airports
The Nigerian Airspace Management Agency has installed surface radar system at the Murtala Muhammed International Airport, Lagos, and the Nnamdi Azikiwe International Airport, Abuja… Read more
Source: https://punchng.com/aircraft-monitoring-nama-installs-radar-at-abuja-lagos-airports/?amp
