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Nigeria projects 1.8 million barrels production May 2023
On Monday, the Federal Government stated that it would continue to work hard to meet its 1.8 million barrels per day crude oil production quota set by the Organization of Petroleum Exporting Countries by the end of May 2023. Chief Timipre Sylva,...
Business
Nigeria’s foreign trade declines by N1.24tn
Total merchandise trade in Nigeria fell by N1.24 trillion, from N12.84 trillion in the second quarter of 2022 to N11.59 trillion in the third quarter of 2022. This is according to the National Bureau of Statistics' 'Foreign Trade in Goods...
Business
UNEP calls for empowerment of SMEs
According to the United Nations Environment Programme, it is critical to empower micro, small, and medium-sized enterprises to overcome today's challenges, which include climate change, nature loss, pollution, and post-COVID-19 recovery. It was...
Business
AMCON liabilities hit N5.7tn – CBN report
The liabilities of Asset Management Corporation of Nigeria stood at N5.72 trillion at the end of the first half of 2022. The Central Bank of Nigeria's Financial Markets Department disclosed this in its 'Half-year activity report 2022,' which was...
Business
Private sector performance improved in Nov – Report
According to the Stanbic IBTC Bank Nigeria Purchasing Managers' Index, the private sector's business performance improved in November. This was stated by Stanbic IBTC in its report titled 'New order growth hits six-month high in...
Business
Jumia records $50.5m revenue in Q3 2022
Jumia, an e-commerce company, reported $50.5 million in revenue in the third quarter of 2022. On Tuesday, the company announced this during its Q3 2022 earnings call. According to Jumia, the $50.5 million represents a 6% increase over the $47.6...
Business
Private jet owners sue govt over N30bn tax
Owners of foreign-registered private jets, including top business moguls, leading commercial banks, and other wealthy Nigerians, have taken the Federal Government to court to prevent the government from grounding their planes for allegedly failing...
Business
Dangote, others shine at PEARL Awards
Dangote Cement Plc, TotalEnergies Marketing Plc, and several other companies shone at the 25th PEARL Awards. While Dangote Cement received the Sectoral Leadership Awards in the industrial goods, building materials subsection, Total Energies...
Business