Category Business

ExxonMobil announces leadership changes

ExxonMobil

ExxonMobil has announced that the President of ExxonMobil Upstream Company and Vice President of ExxonMobil Corporation, Liam Mallon, will retire effective February 1, 2025. Consequently, the Board of Directors has appointed Dan L. Ammann as the President of ExxonMobil Upstream…

Minister partners BPP to end project delays

The Minister of Works, David Umahi, has emphasised the urgent need to eliminate all bureaucratic hurdles that hinder the timely and efficient evaluation of projects by the Bureau of Public Procurement. He underscored that streamlining these processes is essential for…

Presidential committee donates N1bn to Borno

Aliko Dangote

The Presidential Committee on Flood Relief and Rehabilitation has handed over relief materials worth N1bn to the Borno State Government to assist victims of the 2024 floods. The Dangote Group announced the donation in a statement on Wednesday, stating that…

Oil production hits 1.7mbpd – FG

Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri

The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024. According to the latest data released by the…

Equity market posts N184bn gain

Nigerian-Stock-Exchange

The Nigerian Stock Exchange closed with a market capitalisation of N59.7tn on Wednesday, reflecting a gain of N184bn in total market value. In terms of market indices, the All-Share Index gained 0.31 per cent, closing at 98,509.68 points. The ASI…

What Nigerians are buying this festive season

With the year nearing its end, Nigerians are gearing up for the festive season, a time of celebration, reflection, and generosity. From food and drinks to travel and holiday decorations, the season presents an opportunity for businesses to thrive as…

Emuwa partners IRO Lagos on Christmas party

A renowned Chef and founder of Obi Bakes It, Obi Emuwa, has partnered with the founder of IRO Lagos, Lara Afun, to host a Christmas tasting party. The event, held at IRO Lagos’s office in Ikoyi on Sunday, showcased a…

Institute lauds Continental Re for ICT donation

Continental Reinsurance Plc

The Chartered Insurance Institute of Nigeria appreciated Continental Reinsurance Plc for its N62m donation to establish an ICT facility at the College of Insurance & Financial Management. The commendation was made during a formal cheque presentation at Continental Re’s office…