Fiscal restructuring: Cadbury Nigeria increases share capital to N1.14bn
Shareholders of Cadbury Nigeria Plc have approved the company’s proposal to increase its share capital from N939.101 million to N1.14 billion. Mr Fola Akande, the Company’s Secretary, said in a…
Oil majors seek arbitration in gas dispute with Dutch state
February 14, 2024 Shell and ExxonMobil have asked an arbitration court to decide whether the Dutch state should compensate them for the ending of gas production at the large Groningen…
Tariff reductions: 99% of Nigerian exports to the UK by value will be duty free as Nigeria, UK sign landmark partnership to boost trade, investment
Feb. 14, 2024 …Tariffs removed on cocoa butter and paste, Sesame oil, clothing, apparel The UK says Nigeria is a main beneficiary of changes introduced by the UK Developing Countries…
Oborevwori inaugurates Norsworthy palm processing plant, says PPP exemplary
Delta State Governor, Rt. Hon. Sheriff Oborevwori, Tuesday, said the successful inauguration of a 10 metric tonnes per hour oil palm processing mill at Akwukwu-Igbo in Oshimili North local…
Nigeria has the potential to produce 2.2 mln oil bpd – NUPRC boss
Feb. 13, 2024 Mr. Gbenga Komolafe, the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria has the potential to produce 2.2 million bpd as against the current production…
Access Holdings Plc Appoints Ms. Bolaji Agbede As Acting Group CEO
The Board of Directors of Access Holdings Plc (‘the Company’) has announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer of the Company following the…
OPEC Secretary General believes long-term demand outlook is robust
February 13, 2024 Saudi Arabia’s decision to postpone oil capacity expansion plans should not be interpreted as an assessment that demand for crude is falling, OPEC’s Secretary General said on…
Meet Ikenna Ekeh, a visionary under-30 entrepreneur set to elevate Real Estate Investment
Ikenna Melvin Ekeh stands out as a third-generation entrepreneur, hailing from a lineage steeped in entrepreneurial spirit. From a young age, Ikenna demonstrated a strong aptitude for real estate, actively…
14 vessels to berth at Lagos ports
Feb. 12, 2024 The Nigerian Ports Authority (NPA) says 14 ships are expected to berth at the Lagos ports. NPA, in its “Daily Shipping Position”, on Monday, said that three…
Iraq committed to OPEC, will not produce more than 4 mln bpd -minister
February 12, 2024 Iraq is committed to OPEC decisions and after its second voluntary cut announced in December it is also committed to producing no more than 4 million barrels…