Nigeria’s oil production declines to 1.25mbpd – OPEC

Nigeria’s daily oil production dipped further to 1.25 million barrels per day in May, a report by the Organization of the Petroleum Exporting Countries has said. This is despite the claim by the Federal Government and the Nigerian National Petroleum Company Limited that the country’s oil production has risen to 1.7mbpd. OPEC data showed that…

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Shareholders confident over FCMB N150bn capital raise

Shareholders of FCMB Group Plc have expressed confidence that the N150bn capital raising programme of the group would be achieved. This was stated at the 11th annual general meeting of the group, where the shareholders also hailed the management for the performance of the bank in 2023. The Secretary General of the Independent Shareholders Association…

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With more than 100 exhibitors, Ecobank’s “Adire Lagos” opens in style

…Thousands throng fair The annual Ecobank “Adire Lagos” exhibition has taken off in grand style with over 100 exhibitors showcasing their wares. The Ecobank Pan African Centre (EPAC) complex on Victoria Island, Lagos, is the venue for the four-day fair, which began on June 14 and ends on June 17. Originating from Abeokuta in Southwestern…

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Emirship tussle: Court affirms jurisdiction to hear Bayero’s rights suit

A Federal High Court in Kano, on Thursday that it has jurisdiction to hear the human rights violation case filed by the dethroned Emir of Kano, Aminu Ado Bayero, and senior councillor, Aminu Dan’agundi, following the reinstatement of Emir Muhammad Sanusi II. The court issued an ex-parte order preventing Governor Abba Yusuf of Kano from…

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