Business - Page 214

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

The Nigeria Midstream and Downstream Petroleum Regulatory Commission (NUPRC), has reportedly removed five oil blocks from the 2024 licensing round due to legal disputes. According to NUPRC, the affected oil blocks are

Victor Ezeja

July 2, 2024

Business·World News

US Manufacturing Slips Further Into Contraction In June

Manufacturing activities in the United States further dropped in June, owing to what was attributed to a decline in demand. The Institute for Supply Management’s (ISM) Purchasing Managers Index (PMI), recorded 48.5

Victor Ezeja

July 2, 2024

Aiteo Cancels Surveillance Contracts With Security Companies Amid Security Breaches

Business·News·Oil & Gas

Aiteo Cancels Surveillance Contracts With Security Companies Amid Breaches

Indigenous oil firm, Aiteo Eastern Exploration and Production Company (AEEPCO), has revoked its contracts with surveillance security providers following cases of security breaches around its facilities. In a statement released on Monday,

Victor Ezeja

July 2, 2024

Africa·Business

ATIDI’s Profit Increases By 205% In 2023

· Profit for the year increased by 205% to USD69.1 million as insurance revenue grew by 14% to USD155.7million · The results were validated during the Company’s 24th Annual General Meetings (AGM) held in Livingstone,

Admin

July 2, 2024

Access ARM Pensions Holds AGM Friday 30 May

Business·Finance & Economy

Court Orders Meeting For Access Pensions Limited, ARM Pensions Managers Merger

High Court Directs Shareholders to Convene for Approval of Merger Scheme The Federal High Court in Lagos has ordered a meeting of the shareholders of Access Pensions Limited to consider and approve

Emmanuel Ochayi

July 2, 2024

Business·News·Oil & Gas

Oil And Gas Sector’s Contribution To Nigeria’s GDP Less Than 10%- NUPRC

Oil and Gas Sector’s Low GDP Contribution The oil and gas sector in Nigeria contributes less than 10 per cent to the country’s Gross Domestic Product (GDP), according to Ofoegbu Kelechi, the

Emmanuel Ochayi

July 2, 2024

Forex Crisis Hits Nigerian Ports As Operators Lament 2.39% Drop in Container Import

Business·News

Forex Crisis Hits Nigerian Ports, Operators Lament 2.39% Drop in Container Import

Licensed Customs Agents Blame Forex Crisis for Decline The forex crisis has caused a 2.39% drop in container throughput at Nigerian ports in Q1 2024, according to licensed customs agents. Nigerian Ports

Emmanuel Ochayi

July 2, 2024

Crypto industry loss to hacks reduced by 54.2% in June, only $176 million lost

Business·News·World News

Crypto Hacks In June Drop By 54.2% As Industry Sees $176m In Losses

Crypto Losses Decline in June The month of June witnessed a notable decline in crypto hacks and exploits, with net losses dropping by 54.2% compared to May. The industry recorded a net

Emmanuel Ochayi

July 2, 2024

Business·News

Nigeria Customs Seizes 9 Containers With Arms, Drugs Worth N13.9bn

Nigeria Customs Intercepts Containers With Arms, Ammunition and Illicit Drugs The Nigeria Customs Service (NCS) announced a significant interception of nine containers carrying offensive items, including arms, ammunition, illicit drugs, and second-hand

Emmanuel Ochayi

July 2, 2024

Business·Finance & Economy

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

Nigeria’s Banking Sector recorded the highest inflow with $2.06 billion, representing 61.24% of total capital imported in the first quarter (Q1) of 2024. According to a report on capital importation in the

Victor Ezeja

July 2, 2024

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Business - Page 214

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

US Manufacturing Slips Further Into Contraction In June

Aiteo Cancels Surveillance Contracts With Security Companies Amid Breaches

ATIDI’s Profit Increases By 205% In 2023

Court Orders Meeting For Access Pensions Limited, ARM Pensions Managers Merger

Oil And Gas Sector’s Contribution To Nigeria’s GDP Less Than 10%- NUPRC

Forex Crisis Hits Nigerian Ports, Operators Lament 2.39% Drop in Container Import

Crypto Hacks In June Drop By 54.2% As Industry Sees $176m In Losses

Nigeria Customs Seizes 9 Containers With Arms, Drugs Worth N13.9bn

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

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