Business

Oando-PLC [Photo Credit: www.oandoplc.com]

Nigerian energy firm sacks 100 workers

The official confirmed that all sacked workers had been paid their entitlements, adding that it was to salvage the situation before it got out of hand.

A Daar Communications media truck [photo: Business Post NG]

Daar Communications reports N2.2 billion loss despite increased revenue

Mr Dokpesi said the about N925 million increase in revenue during the year did not translate into profitability.

Crude Oil pipelines

NNPC begins repair of damaged oil pipeline in Delta

The Abura Crude Trunk line at Otu-Jeremi town in Delta experienced an eruption on Friday.

Naira notes

CBN says deadline for return of mutilated notes not applicable to bank customers

The bank says anyone whose qualifying mutilated note is rejected by any bank should report such a bank to CBN by calling 07002255226

A UBA Plc bank used to illustrate the story

UBA releases audited result, announces growth, profit

The profit for the first half of the year translated to an annualised return on average equity of 21.7 per cent.

Crude oil extraction [Photo credit: Bloomberg]

Nigeria loses 22 millions barrel of crude oil in six months — Gov Obaseki

The governor said the figure could double by the end of the year.

African Development Bank

AfDB spends $2 billion to train 6 million African scientists

The support is between 2005 and 2019.

Akinwumi Adesina, President, African Development Bank

Trade within AfCFTA worth $3.3trillion — AfDB

The world’s 12 fastest-growing countries are in Africa, the bank says.

Medview Airline

Why We’re Not Flying Now – Medview Airlines

The airline said its B737-500 (5N-BQM) aircraft developed a technical fault en route Abuja a few days ago “that requires engine replacement”.

Bank of Industry Headquarters, Abuja

BOI assists 2 million enterprises with N678bn in 4 years – Official

The bank said it had also ensured the creation of jobs across the country, using the Federal Government Trader Money Scheme targeted at micro-businesses.

EcoBank Headquarters

Ecobank Transnational gets new major shareholder

Arise has become a shareholder of reference in Ecobank Transnational Incorporated (ETI) with a 14.1 per cent stake.

Tourmaline Gemstones

Gemstones could earn Nigeria over $12 billion – Don

According to experts, the Nigerian economy does not benefit, financially, from gemstone trade.

Nigerian Diaspora and Remittances: Transparency and market development

Nigeria is the sixth country in the world in remittance inflows. Egypt at 28.9B is in fifth place, with Mexico, The Philippines, China and India on top.

FILE PHOTO: The Headquarters of the ENI energy company | Photographer: Chris Warde-Jones/Bloomberg News

Eni announces huge gas, condensates discovery onshore Nigeria’s Niger Delta

Eni said the find was about one trillion cubic feet of gas and 60 million barrels of associated condensate.

9mobile

AFC approves $230 million loan for 9mobile

The loan facility to help 9mobile attain its long-term growth plans.

NNPC petrol station used to tell the story.

Pipeline vandalism increases 77% across Nigeria in June – NNPC

The NNPC also said 1.76 billion litres of petrol was supplied in June.

Securities and Exchange Commission (SEC)

Unclaimed dividends drop as investors consolidate 3.4bn shares – Official

The official spoke at the end of the second quarter Capital Market Committee (CMC) in Lagos on Friday.

Central bank of Nigeria (CBN)

CBN injects $297.92 million into retail market

The director reiterated that the bank’s management was satisfied with the continued stability in the foreign exchange market.

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

NSE: Market indices upbeat, up by 0.62 per cent

The market capitalisation of listed equities inched N33 billion to N13.524 trillion from N13.441 trillion achieved on Thursday.

Tankers at a NNPC depot

Federal govt earned $14.5 bn from crude oil, gas sale in 2017 — NEITI

The revenue was made up of $13.18 billion, or 90.8 percent from crude oil, and $1.32 billion, or 9.1 percent from gas.

Minister of Labour and Productivity, Chris Ngige

60% of Nigeria’s 2019 budget to be rolled into 2020 – Minister

“The 2019 budget has not been aggressively executed and 60 per cent of it will have to be rolled into the 2020 budget.”

Minister of Labour and Productivity, Chris Ngige

Ngige threatens to sanction banks over indiscriminate sack of workers

The minister assumed duty on Thursday a day after he was sworn in by President Muhammadu Buhari.

National Economic Council [Photo: NAN]

What Nigeria’s National Economic Council discussed during its 96th meeting

Officials listed some of the succeses of the administration at the meeting.

Finance minister, Zainab Ahmed. [PHOTO CREDIT: Daily Trust]

How Nigeria’s economy has improved under Buhari – Finance Minister

Mrs Ahmed also said Nigeria’s unemployment rate as at September 2018 was 20.1 per cent.

Jumia

Jumia reports 94% increase in 2019 second quarter

The e-commerce platform says the number of active consumers as at June 30 was 4.8 million, up from 3.2 million a year ago.