Oriental Energy Resources (OERL) announces the naming of the EMEM Floating Production Storage and Offloading Vessel (FPSO) at the Dry Docks World Dubai Shipyard in the United Arab Emirates. The naming ceremony was attended by His Excellency Vice President Kashim Shettima GCON, who represented His Excellency President Bola Ahmed Tinubu […]
Category: Corporate Stories
Corporate Stories
Nigeria’s Inflation Rises To 34.60% In November, Driven By Food, Core Price Increases
Nigeria’s inflation rate reached 34.60% in November 2024, marking a 0.72 percentage point increase from October’s 33.88%, according to the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The figure represents a significant year-on-year rise of 6.40 percentage points compared to November 2023’s […]
Shell Nigeria Announces Final Investment Decision On Bonga North Project
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell Plc, has announced a final investment decision (FID) for the Bonga North deep-water project, located off the coast of Nigeria. The decision was disclosed in a statement issued by Shell in London on Monday. The Bonga […]
BOI Disburses N22.89bn From Manufacturing Intervention Fund
The Bank of Industry (BOI) has disbursed N22.89bn out of its N75bn Manufacturing Sector Intervention Fund to support 29 manufacturers. This was announced by Dr. Olasupo Olusi, Managing Director of BOI, during the bank’s first-ever interactive session with the Organized Private Sector (OPS) held in Abuja. The event, themed […]
FG Not Investigating Air Peace – FCCPC
The Federal Competition and Consumer Protection Commission, FCCPC says its invitation to Air Peace is simply for an inquiry to understand its price methodology and respond to consumers complaints. The Director, Surveillance and Investigation, Mrs. Boladale Adeyinka said neither the airline nor the chairman, Dr. Allen Onyema is under […]
Market Regulation: Senate Passes ISB 2024
In a major boost to the operations of the Securities and Exchange Commission and the Nigerian capital market, the Senate of the Federal Republic of Nigeria has passed the Investments and Securities Bill 2024. The Investments and Securities Bill, meant to repeal the Securities and Exchange Commission (SEC) Act, was passed on the […]
Ngozi Okonjo-Iweala Reappointed As WTO Chief
The World Trade Organization (WTO) has reappointed Ngozi Okonjo-Iweala for a second term as Director-General during a special meeting held on Friday. Okonjo-Iweala, who made history in 2021 as the WTO’s first female and first African leader, will serve another term as the organization prepares to navigate an era […]
Gas Will Drive Development With Minimal Emissions, Says Seplat Energy
Seplat Energy Plc has said that the gas resources in Nigeria and other African countries can drive significant developmental gains with minimal impacts on emission. According to the leading energy company, gas is the immediate solution to many immediate problems in Africa; thus, there is a compelling development case […]
Air Peace’s Growth Proves Nigeria’s Potential in Global Aviation, says Festus Keyamo
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo (SAN), has said Air Peace’s strong performance in the aviation industry is a testament to Nigeria’s global aviation potential. The minister made this disclosure at the 10th-anniversary celebration of Air Peace held at the Eko Hotels and Suites in […]
FBN Holdings targets N730bn capital base by Q1, 25
The Group Managing Director, FBN Holdings Plc, Mr Nnamdi Okonkwo, has assured its shareholders that the company will attain a N730 billion capital base by the first quarter of 2025. Okonkwo gave the assurance at the the Group’s ‘Facts Behind the Rights Issue” presentation at the Nigerian Exchange in […]