Business
More multinationals may exit Nigeria in 2024 – Report
Multinational firms in the Fast Moving Consumer Goods subsector may exit the country this year if the operating environment does not improve, according to a new report by a financial solutions firm, Cardinal Stone. The…
OPEC seeks more oil investments despite push for energy transition
The Organisation of the Petroleum Exporting Countries is seeking more investment in oil despite global push for renewable energy sources. OPEC said oil remains indispensable in the renewable energy transition, projecting in…
NBC pledges €1m for social programmes
The Nigerian Bottling Company Ltd has pledged €1m donation to drive impactful social programmes across eight states of the country. The Managing Director of the Nigerian Bottling Company Ltd, Goran Sladic, made this known…
CBN sacks Union, Polaris, Keystone banks’ boards
•Modibbo, over 25 bank chairmen, MDs, directors asked to resign •Interim boards likely today, CBN warns against panic withdrawals The Central Bank of Nigeria has dissolved the boards and managements of Union Bank of Nigeria,…
Naira plunges to 1082/$ despite CBN’s $2bn debt repayment
The naira has lost 26.36 per cent of its value against the dollar at the official Investor and Exporter window of the foreign exchange market since the Central Bank of Nigeria announced it has cleared $2bn as part of its…
Marketers to meet Dangote over fuel supply
Oil marketers are planning to meet the management of the Dangote Petroleum Refinery in order to ensure the seamless supply and distribution of refined petroleum products to be produced from the $20bn facility. Dealers under…
Zenith Bank denies MD’s arrest
Zenith Bank Plc has denied claims that its Group Managing Director/Chief Executive Officer, Dr Ebenezer Onyeagwu, was arrested and held by the anti-graft agency, the Economic and Financial Crimes Commission, in relation to…
Chevron Nigeria gets new chairman
Chevron Nigeria Limited has appointed a new Chairman and Managing Director, Jim Swartz. This was contained in a statement made available to The PUNCH on Wednesday by the General Manager, Policy, Government and Public Affairs…
Family fixes Jan 18 for former Access Bank spokesman’s burial
The Association of Corporate & Marketing Communications Professionals in Banks in Nigeria has announced the burial details for its Publicity Secretary, Abdul Imoyo. A statement signed by the president of ACAMB, Rasheed…
NGX records N638bn loss, first in New Year
The market capitalisation of the Nigerian Exchange Limited depreciated for the first time in the New Year. At the close of trading on Wednesday, the eight-day rally in the market was halted as the market cap dipped by about…
