Sen Heineken Lokpobiri, Minister of State, Petroleum Resources (Oil), has described the Joint Venture (JV) between Nigerian National Petroleum Company Limited (NNPC Ltd.), Caverton Offshore Support Group and Stenabulk as a strategic industry alignment. Lokpobiri also said that the JV was a bold step toward enhancing shipping operations, strengthening local content, and driving economic growth….
The Federal Ministry of Industry, Trade and Investment (FMITI) has partnered with the Nigerian Exchange Group (NGX Group) to achieve its ambitious $6 billion investment target. In a statement signed on Tuesday by Mr Adebayo Thomas, Director, Press and Public Relations of the ministry, the commitment was underscored during a Closing Gong Ceremony at the…
Meyer Plc has declared 30 kobo dividend for the year ended Dec. 31, 2024. The company disclosed this in a corporate disclosure through the Nigerian Exchange Ltd. The disclosure reads, “The Board has recommended a dividend of 30 kobo per share, subject to appropriate withholding tax and approval. ”This will be paid to shareholders whose…
The Nigerian Exchange Ltd. (NGX) on Tuesday transacted 733.05 million shares worth N35.288 billion in 16,619 transactions. This is in contrast with 500.59 million shares worth N12.110 billion that was traded in 17,637 deals earlier. Meanwhile, transactions in the shares of Fidelity Bank topped the activity chart with 285.15 million shares worth N5.774 billion. MTN…
MTN Nigeria Communications Plc generated N1.0 trillion in service revenue in the first quarter of 2025. This marks a 40.5 per cent increase from the N752.99 billion earned in Q1 2024. The company confirmed this in a corporate filing with the Nigerian Exchange Ltd. on Tuesday. Profit after tax dropped by 134 per cent, falling…
Guinness Nigeria Plc says it is prioritising increased connection, purpose and impact, especially following the recent change in majority shareholding and as it celebrates its 75th anniversary. Its Managing Director, Mr Girish Sharma, who disclosed the focus in a statement on Tuesday in Lagos, said that this promises greater local agility and innovation for the…
The Federal Inland Revenue Service (FIRS) on Tuesday inaugurated its Gender Desk and Women Network (WoN) to promote gender equity and inclusive governance. Speaking at the inauguration in Abuja, the Executive Secretary, FIRS, Dr Zacch Adedeji, described the inauguration of the desk as a declaration of the service’s resolve to embed equity at the heart…
The Director-General (D-G) of the National Pension Commission (PenCom), Omolola Oloworaran, has said that newspaper organisations in the country were owing retired journalists more than N1.3 billion unpaid pension contributions. This is contained in a statement in Abuja on Tuesday, by the management of the commission. According to a statement, Oloworaran disclosed this when she…
May & Baker Nigeria Plc has declared a dividend of 40k for the year ended Dec. 31, 2024. The company disclosed this in a corporate disclosure through the Nigerian Exchange Ltd. on Monday. “The audited financial statement for the year ended 31st December 2024 was approved at the Board meeting held on March 27, 2025…
The Rural Electrification Agency (REA) on Monday signed grant agreements with nine renewable energy companies to provide electricity access to 17.5 million Nigerians. The companies are, Privida Power Limited, Baobab Plus, Salpha Energy, Asolar, NTA-StarTimes, A4&T Power Solutions, Sunking Greenlight Planet, Bboxx, and D.Light. The News Agency of Nigeria (NAN) reports that this marks the…
