Business - Page 3

Chief Operating Officer, 11 Plc, Ramesh Virwani; Managing Director NIPCO Gas Ltd, Nagendra Verma; and Company Secretary, NIPCO, Paul Chukwuma Obi, at the commissioning of CNG station at Airport Road, Abuja as part of NNPC Gas Marketing Company Ltd & NIPCO Gas JV’s plan to bring CNG closer to Nigerians.

NNPC plans 100 CNG, 3 LNG stations in one year

The Nigerian National Petroleum Company (NNPC) Limited has unveiled plans to establish 100 Compressed Natural Gas (CNG) and three Liquefied Natural Gas (LNG) stations in the next one year. The Group

7 hours ago

by Sulaimon Salau

Nigeria wins bid to host $5bn Africa Energy Bank

Nigeria has won its bid to host the $5 billion African Energy Bank, which aims to address funding crisis for energy infrastructure on the continent. Rising from over four hours of meeting

2 days ago

Business·Energy·Slide

CBN to sanction banks rejecting mutilated currency

The Central Bank of Nigeria (CBN) has warned commercial banks over their rejection of dirty and mutilated naira banknotes from depositors, adding that they will face sanctions. The CBN issued this warning

2 days ago

Business

European Commission Vice President Valdis Dombrovskis speaks in Brussels, Belgium, February 16, 2021. REUTERS/Johanna Geron/Pool

EU slaps Chinese electric cars with tariffs of up to 38%

The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of “unfair” state subsidies, despite Beijing’s warnings the move would unleash a

2 days ago

Business

KuCoin imposes 7.5% VAT for Nigerian users

KuCoin, a cryptocurrency exchange, has announced that it will start collecting a 7.5 per cent Value-Added Tax on transaction fees for users in Nigeria, effective July 8, 2024. The company made this

2 days ago

Business

Capitalisation rises by N131 billion amid gains in 29 stocks

The Nigerian equities market sustained rising profile, yesterday, as market capitalisation increased by N131 billion amid price appreciation in Guinness Nigeria Plc and 28 other stocks. The all-share index (ASI) rose by

2 days ago

Business

NNPC targets Dec for IPO amid IOCs’ worry over Nigeria’s deepwater assets

The Nigerian National Petroleum Company Limited, yesterday, said the company would be ready for its initial public offering (IPO) by December as international oil companies (IOCs) raised concerns about the company’s over

2 days ago

Business·Slide

FG paid $700m for debt servicing, Edun tells Senate

The Senate on Wednesday urged the Federal Government to intensify efforts in funding the capital components of the three national budgets running concurrently in the country. The Chairman, Senate Committee on Appropriation,

2 days ago

Business

CBN tasks fintechs on regulations, stakeholders’ engagement

The Central Bank of Nigeria (CBN) has tasked financial technology (fintech) firms in the country on regulations and increased stakeholders’ engagement to strengthen the sub-sector. The CBN stated this when FintechNGR, the

2 days ago

Business

Access Holdings eyes N351 billion from rights issue

Access Holdings Plc, on Tuesday, signed an agreement to raise a total of N351 billion by way of rights issue to existing shareholders. Under the arrangement, 17,772,612,811 ordinary shares of N0.50 each

2 days ago

Business

NOVA starts operations as national commercial bank

NOVA Bank (formerly known as NOVA Merchant Bank) has officially commenced operations as a national commercial bank with its first banking branch at Kofo Abayomi Street, Victoria Island. This follows the Central

2 days ago

Business

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Business - Page 3

NNPC plans 100 CNG, 3 LNG stations in one year

Nigeria wins bid to host $5bn Africa Energy Bank

CBN to sanction banks rejecting mutilated currency

EU slaps Chinese electric cars with tariffs of up to 38%

KuCoin imposes 7.5% VAT for Nigerian users

Capitalisation rises by N131 billion amid gains in 29 stocks

NNPC targets Dec for IPO amid IOCs’ worry over Nigeria’s deepwater assets

FG paid $700m for debt servicing, Edun tells Senate

CBN tasks fintechs on regulations, stakeholders’ engagement

Access Holdings eyes N351 billion from rights issue

NOVA starts operations as national commercial bank

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