By Taiye Olayemi Champion Breweries Plc says it plans to embark on a three-phase capital raise plan to boost expansion and drive profitability. Its Managing Director, Dr Inalegwu Adoga, made the disclosure on Monday in Lagos during the company’s “Fact Behind the Figures’’ presentation at the Nigerian ExchangeContinue Reading
Turnaround By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s upstream oil sector is experiencing a significant turnaround. It said Crude oil losses from theft and metering issues had fallen to their lowest levels in nearly 16 years. According to the Commission, daily losses in JulyContinue Reading
By Taiye Olayemi The Central Securities Clearing System (CSCS) on Wednesday sensitised capital market stakeholders on the smooth transition to a T+2 settlement cycle ahead of its Nov. 28 launch. The webinar brought together capital market operators, regulators, and the Nigerian Exchange Ltd., providing updates, guidance, and clarity on theContinue Reading
By Taiye Olayemi Dangote Cement Plc says it paid N3.3 trillion in dividends to its shareholders over the last 15 years. The company made this known on Wednesday during its “Facts Behind the Figures” presentation at theContinue Reading
Growth By Desmond Ejibas Federal Government says Nigeria has projected a significant rise in industrial contribution to GDP, targeting 25 per cent growth between 2025 and 2035 under a newly validated strategic framework. Sen. John Owan, Minister of State for Industry, made the remark during a panel session atContinue Reading
Power By Constance Athekame The Federal Government says Nigeria is on the path to achieving a sustainable power sector and ensuring reliable electricity supply for its citizens. The Minister of Power, Chief Adebayo Adelabu, stated this on Wednesday in Abuja while inaugurating a two-storey building comprising five training workshops andContinue Reading
Grid By Constance Athekame The Abuja Electricity Distribution Company (AEDC), on Wednesday said that the the national grid collapsed at about 11.23 a.m. The company made this known on its verified twitter handle in Abuja. It said; ”please be informed that the power outage currently being experienced is due toContinue Reading
Strike By Emmanuella Anokam The Association of Distributors and Transporters of Petroleum Products (ADITOP) has dissociated itself from the intended strike by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and its cohorts. The National President of ADITOP, Alhaji Lawan Dan-Zaki, said this in an interview with the NewsContinue Reading
Imports By Martha Agas The Nigeria Customs Service Board (NCSB) has approved a 300 dollar duty-free limit for imports, a new policy that takes effect on Sept. 8. The Spokesperson of the Nigeria Customs Service (NCS), Abdullahi Maiwada, in a statement on Sunday in Abuja, said that the decision wasContinue Reading
Ban By Salisu Sani-dris President Bola Tinubu has approved a 6-month temporary ban on the export of raw sheanuts to curb informal trade, boost local processing, protect and grow Nigeria’s shea industry. Vice-President Kashim Shettima announced the president’s directive during a multi-stakeholder meeting at the Presidential Villa, Abuja. The NewsContinue Reading
