Shell has announced the appointment of Ralph Gbobo as the Managing Director of its gas distribution company, Shell Nigeria Gas Limited, with effect from July 1, 2023.
Ralph succeeds Ed Ubong who has taken up a new position within the Shell group.
Until this appointment, Ralph was the Manager, Commercial and Non-Operated Venture of Shell Petroleum Development Company of Nigeria Limited and Shell…
Nigeria exports N23bn electricity and local consumers lament the power outages
July 6, 2023
Power consumers, on Wednesday, kicked against the export of about N23.13bn worth of electricity from Nigeria to some neighbouring countries in 2022 despite the widespread darkness witnessed in many Nigerian communities.
The latest data on the remittances by international…
Giant tech company, Meta, will officially launch its own microblogging app, Threads on Thursday.
With the structure of its service, Threads will ultimately serve as a competitor to the popular social media platform, Twitter.
The launch comes in the wake of a new feature…
Zenith Bank Plc has retained its ranking as the ‘Number One Bank in Nigeria by Tier-1 Capital’ in the 2023 top 1,000 world banks’ rankings published by The Banker Magazine.
The bank had held its position as the number one Tier-1 bank in Nigeria for the fourteenth year in a row, emerging as the 467th bank globally with a Tier-1 capital of $2.54bn.
A statement said the rankings, published in…
Mr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria to check the multiplicity of service charges by Deposit Money Banks.
Unegbu, a past president of the Chattered Institute of Bankers of Nigeria, made the appeal in an interview on Sunday in…
The management of Lekki Deep Seaport has announced the arrival of Rimbaud, the first transshipment vessel to call at the container terminal of the deep seaport.
A statement by the port said that the vessel owned by CMA CGM shipping company, arrived at the terminal on…
President Bola Tinubu Thursday in Lagos said he could have chosen to maintain the multiple foreign exchange systems he met upon assuming office and benefit from it, but instead opted to unify the official and parallel market rates to save the country from financial hemorrhage.
“I could afford to share the benefit by participating in the arbitrage, but God forbid! That’s not why you voted for…
The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the initiative was officially implemented, oil marketers stated on Thursday.
Also, the oil dealers stated…
International Monetary Fund to support Nigeria as the Naira is estimated at N663/$
June 17, 2023
The naira traded at 663.04/dollar at the close of business on Friday after a free fall following the Central Bank of Nigeria’s floating of the national currency against the dollar and other global currencies.
This means that the currency appreciated by about 5.9 per cent…
The Bank of Industry says its key capital-raising transactions from the international financial market, which fueled its financial performance in 2022, have been recognised with local and international awards.The bank, in a statement, said its total assets had grown by 248 per cent between 2016 and 2022, reaching N1.71tn by the end of 2021 and closing at N2.38tn as of December 2022.
For these…