A report comparing the prices of gasoline (petrol) in various countries has ranked Nigeria as 22nd on the list of countries with the least expensive petrol prices. The report titled “Gasoline Prices, Octane-95” dated early in the month revealed that the average price of petrol around the world is 1.30 U.S. Dollars per litre. Nigeria’s…
Union Bank of Nigeria, has reiterated its commitment to providing easy access to capital for Small and Medium-sized Enterprises in the country to boost the growth and profitability of the sector.This assertion was made at the ‘Top 100 Fastest Growing SMEs in Nigeria’ conference recently hosted by Business Day newspaper. The event, ‘Accelerating growth for…
Asharami Energy, a Sahara Group subsidiary operating in the upstream sector, said it has been awarded the ISO 20400 certification for sustainable procurement by the International Organisation for Standardisation. A statement from the firm noted that the milestone in the upstream supply chain and procurement management system was a recognition of the company’s commitment to…
Dangote Cement has listed two series of commercial papers under its N300bn issuance programme on the FMDQ Exchange. Through Series 10 and 11, Dangote Cement is looking to raise about N3.42bn and N56.59bn respectively. Similarly, Rand Merchant Bank also received approval for the quotation of N25bn Series 7 commercial papers under its N80bn issuance programme,…
First Bank of Nigeria, a pioneer in innovative banking solutions, has taken the lead in addressing concerns about the deployment of humanoid robots in three of its branches. The move comes in response to recent reports emphasizing the installation of a robot representative to assist customers in the bank’s branches. In an exclusive interview with…
PORT HARCOURT Refinery is still test-running to ensure operational readiness before the commencement of commercial operations. The Refinery was expected to resume refining after a Turn Around Maintenance, TAM in December 2023.But checks by Energy Vanguard, yesterday, indicated that the exercise, to be followed by crude supply is still ongoing.Chief Corporate Communications Officer, NNPC Ltd.,…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria National Petroleum Company Limited (NNPCL) have warned Nigerians against panic-buying and dismissing reports of a planned hike in the pump price of petrol also called Premium Motor Spirit (PMS). ccording to reports, fuel marketers clashed with the Nigerian National Petroleum Company Limited (NNPCL) over…
The private sector recorded the first business expansion in three months in December driven by increases in both output and new order coupled with recovery in demand, according to the Stanbic IBTC Bank Purchasing Managers Index, PMI.The report stated: “This was despite continued intense inflationary pressure, with purchase costs and selling prices each rising at…
In recognition of its exceptional contributions to the funding of Small and Medium Enterprises (SMEs) , the Development Bank of Nigeria (DBN) has honored First City Monument Bank (FCMB) at its 2023 Service Ambassadors Awards in Lagos. This came as the FCMB extended credit totalling N1.343 trillion to over 98,000 Small and Medium Enterprises (SMEs)…
