Business

PenCom pays N326bn as retirement benefits in 2021

The National Pension Commission (PenCom) says it has paid N326.32 billion as retirement benefits in 2021. This was disclosed via…

4 years ago

FEC okays $2.59bn for Badagry Seaport, targets $53.6bn revenue

The Federal Executive Council (FEC) has approved $2.59 billion for the development of Badagry Deep Seaport in Lagos State. Minister…

4 years ago

Dangote Sugar declares N29.73bn profit in six months

Dangote Sugar Refinery Plc has declared a Profit Before Tax (PBT) of N29.73 billion for the half year ended June…

4 years ago

Pension administrators generated N125bn in 2021 – PenCom

Pension Fund Administrators (PFAs) earned N125.39 billion in the financial year ended December 31, 2021, the National Pension Commission (PenCom) said…

4 years ago

Oil theft: Shell to monitor pipelines, wellheads with drones

The Shell Petroleum Development Company (SPDC) has signed a contract to acquire drones to monitor its pipelines and wellheads in the…

4 years ago

Experts proffer solution as naira falls again to dollar

The naira on Tuesday depreciated against the dollar at the Investors and Exporters window, exchanging at N430.67. The figure represented…

4 years ago

Dangote Cement grows revenue to N808bn in six months

The Dangote Cement on Monday announced a group revenue of N808 billion for the half year ended June 31, 2022.…

4 years ago

Debt settlement: AMCON returns shoe company to Imo govt

The Asset Management Corporation of Nigeria (AMCON) has handed over the original title documents of Standard Shoe Company Limited, a…

4 years ago

NECA appoints Oyerinde as new DG

The Nigeria Employers’ Consultative Association (NECA) has appointed Mr. Adewale Oyerinde, as Director-General of the association, effective August 1, 2022.…

4 years ago

GTCO introduces new payment solution, Squad

Payments: They are the core of every business. And so, in an era where digital has won over brick and…

4 years ago

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