Wednesday, August 12, 2026
Business News
Insurers, Financial Services Operators Charged to Play Catalysts Role In Economy
New Chairman of Nigeria Insurers Association (NIA), Mr. Olusegun Omosehin, has called on insurance operators and those of other finance services sector of the economy to play the role of...
Read moreDetailsDangote Cement, Others’ Cost of Production Hit N2.32trn in 9 Months on Inflation, Weak Naira
About 10 leading companies in cement manufacturing, Fast-Moving Consumer Goods (FMCG), among other sectors recorded 28 per cent increase in cost of production, backed by hike in inflation rate and...
Read moreDetailsFG Develops Framework On Oil, Gas Pipeline Assets Concession Nationwide
The federal government through the Ministry of Petroleum Resources has developed a framework on the concession of oil and gas pipeline assets nationwide. Permanent Secretary, Ministry of Petroleum Resources, Gabriel...
Read moreDetailsStock Market Close Flat as ASI Settle At 44,269.43 Basis Points
The stock market of the Nigerian Exchange Limited (NGX) traded flat yesterday as the All Share Index (ASI) gained 0.001 per cent to close at 44,269.43 basis points. Also, the market capitalisation remained at N24.112 trillion...
Read moreDetailsNigeria’s Oil Production Deficit Hits 184.1m Barrels in Nine Months
Compared to Nigeria’s projected oil production of 468.8 million barrels in the first three quarters of 2022, the country was only able to drill 284.70 million barrels at the end...
Read moreDetailsNNPC, TotalEnergies Inaugurate Women Devt, Skills Acquisition Centre in Kwara
In furtherance of their corporate social responsibilities, the Nigerian National Petroleum Company Limited (NNPC), TotalEnergies Upstream Nigeria Limited, operator of the Oil Mining Lease (OML) 130, and partners have inaugurated...
Read moreDetailsAmid Fintech Threat, UBA, Others Generated N203.71bn Income via E-banking in 9 Months
A total of nine Nigerian banks generated a sum of N203.71 billion from Electronic-business earnings in nine months of 2022 with Access Holdings Plc and United Bank for Africa Plc (UBA) topping the list of highest earners. Also,...
Read moreDetailsNon-oil Export Increases to $2.59bn, NEPC Intensifies Awareness
The country’s on-oil export rose to about $2.59 billion in the first half of the year, representing an increase of 62.37 per cent compared to $1.60 billion recorded during the...
Read moreDetailsAfDB, FCMB Sign $50m Agreement to Boost Access to Finance for Women-Owned Businesses
The African Development Bank (AfDB) has signed an agreement with First City Monument Bank (FCMB) for a $50 million line of credit to support access to finance for small and...
Read moreDetailsFirst Bank to Boost Funding to Mining Sector
First Bank of Nigeria (FBN) Plc has restated its commitment to increasing funding support towards the development and growth of the mining sector. The bank’s Group Head, Corporate Banking, Energy...
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