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Tag: Dailytrust
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Two years after, $1.2bn ExxonMobil, Seplat deal takes off
Categories: BusinessContinue Reading: Two years after, $1.2bn ExxonMobil, Seplat deal takes offNNPCL has announced the signing of a settlement agreement involving ExxonMobil’s divestment of its stake in MPNU to Seplat Energy. The Nigerian National Petroleum Company (NNPC) Limited has announced the…
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Nigeria’s growth rate to increase to 4.4% in 2025 – AfDB
Categories: BusinessContinue Reading: Nigeria’s growth rate to increase to 4.4% in 2025 – AfDBThe growth rate of Nigeria and other West African countries is projected to rise from an estimated 3.6 per cent in 2023 to 4.2 and 4.4 per cent in 2024/2025….
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NDPC investigating 40 financial sector operators over data breach
Categories: BusinessContinue Reading: NDPC investigating 40 financial sector operators over data breachThe Nigeria Data Protection Commission (NDPC) says it is investigating 40 banks, insurance companies, stock brokers and other operators in the financial sector over customers’ data breach. NDPC’s National Commissioner…
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Why there is drop in tomato production, others – Farmers
Categories: AgricultureContinue Reading: Why there is drop in tomato production, others – FarmersIrrigation farmers and vegetables’ traders in Bauchi State have said that the hike in the prices of fuel and fertiliser are responsible for the low production of tomatoes and other…
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FMBN to release N100bn off take guarantee for renewed hope estates
Categories: BusinessContinue Reading: FMBN to release N100bn off take guarantee for renewed hope estatesThe Federal Mortgage Bank of Nigeria has revealed that it is providing a N100 billion off taker guarantee for provision affordable housing to Nigerians across the country. The Managing Director…
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S/West: Smugglers forfeited N2.3bn in 6 months
Categories: BusinessContinue Reading: S/West: Smugglers forfeited N2.3bn in 6 monthsSmugglers have forfeited over N2.3 billion worth of goods to the federal government in the South West in the last six months. The amount arose from 203 seizures of goods…
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FG nets N242bn from marine sector, targets $7bn oil & gas investment
Categories: BusinessContinue Reading: FG nets N242bn from marine sector, targets $7bn oil & gas investmentThe Minister of Marine and Blue Economy, Gboyega Oyetola, has said that his ministry recorded a revenue of N242 billion in the first quarter (Q1) of 2024. During the ministerial…
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Amend Agency Laws to strengthen local councils, Kaduna govt urged
Categories: BusinessContinue Reading: Amend Agency Laws to strengthen local councils, Kaduna govt urgedThe Kaduna State government has been urged to consider an amendment the Kaduna State Internal Revenue Service (Consolidated Tax) Law, Kaduna State Urban Planning and Development Agency (KASUPDA) Law, and…
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Preserving Nigerian culinary heritage with Terra seasoning cube
Categories: BusinessContinue Reading: Preserving Nigerian culinary heritage with Terra seasoning cubeFood is not just for sustenance in Nigeria, it is a cultural cornerstone, a source of pride, and a way of life. From the northern plains to the southern shores,…
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SEC to issue framework on recapitalisation soon –Ag. DG
Categories: BusinessContinue Reading: SEC to issue framework on recapitalisation soon –Ag. DGThe Securities and Exchange Commission has said that it will soon issue a framework that will guide the capital market in the proposed recapitalisation exercise by banks. Acting Director General…
