Business

As part of its efforts to accelerate the adoption of Compressed Natural Gas (CNG) as a cleaner and more affordable fuel alternative in Nigeria, NNPC Retail Limited (NRL), a subsidiary of the NNPC Ltd, has sensitized over 1,000 auto mechanics through a comprehensive awareness initiative. The sensitization exercise which took place at the National Artisans and Technicians Conference held last…

The Federation Accounts Allocation Committee (FAAC) has distributed N1.298 trillion to the Federal, State and Local Governments as revenue for September 2024. This was disclosed at the end of the October 2024 FAAC meeting in Abuja on Thursday. The total distributable revenue comprises several components: N124.716 billion in statutory revenue, N543.518 billion in Value Added Tax (VAT), N18.445 billion from…

The Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama has said that the Commission is dedicated to playing its part in creating a secure, resilient digital environment that will protect investor confidence, foster economic growth, and safeguard the integrity of the nation’s financial markets. Dr. Agama who stated this in a Goodwill message delivered at the Central…

The National Agency for Science and Engineering Infrastructure (NASENI) has launched a week-long intensive training on ASPEN Plus, a process simulation software, at the agency’s Virtual Manufacturing Lab at its headquarters in Abuja. The hybrid training which was held across NASENI’s Development Institutes, marks a significant step forward in NASENI’s commitment to advancing technical capacity in renewable energy and engineering…

The Director-General of the Securities and Exchange Commission (SEC) Dr Eromomotimi Agama, has stated that the five banks that tapped the market to raise fresh capital were oversubscribed. This was disclosed in a report by Bloomberg recently following an interview with the SEC boss in Lagos. “The banks that came to the market are fully subscribed and even oversubscribed,” Agama…

 The National Agency for Science and Engineering Infrastructure (NASENI) through the Presidential Implementation Committee on Technology Transfer (PICTT) has awarded the sum of N70.5 million naira grant to six winners of the Developing Engineering Leaders Through Her (DELT-Her), via call for proposal, a project under Delta-2 programme of the Agency. L-R: Minister of Innovation, Science and Techology, Uche Nnnaji and…

The Federal Government on Tuesday mandated foreign airlines to patronise local caterers for out-bound flights on-board meals. Director overseeing office of the permanent secretary, Ejibunu FInstta in a signed statement on behalf of the acting director general, Nigerian Civil Aviation Authority (NCAA) in a statement said“l am directed by the minister of aviation, Mr Festus Keyamo to convey to you…

Aradel Holdings Plc, an integrated energy company has listed 4.34 billion shares on Nigerian Exchange Limited (NGX) Main Board on Monday, 14 October 2024. The shares, listed at N702.69 per share through a “Listing by Introduction,” boosted the market capitalization of NGX by N3.05 trillion, marking a significant milestone in the oil and gas sector’s participation in the stock market.…

Commercial banks’ technology upgrades over the past few weeks has caused untold hardships to customers, striking fear into those operating accounts in rural communities. The situation is now set to worsen as more banks have announced that they will be upgrading their IT infrastructure over the next few weeks. Sterling Bank customers were the first to taste the pill of…

 The Federal Government has announced that the Marketers are now permitted to directly obtain petrol from the Dangote Refinery, The Federal Government has granted permission for petroleum marketers to obtain petrol directly from the Dangote refinery, allowing them to bypass the Nigerian National Petroleum Company Limited (NNPC). In a statement issued on Friday, Wale Edun, the Minister of Finance and…